During our in-depth expert review, we have analysed over 100 features including forex fees Worldtradex scammers & spreads, regulation license and trading platforms with competition. Alongside quality research and MetaTrader offering, worldtradex (HF Markets) offers a proprietary copy trading platform, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs). That said, trading costs at worldtradex are slightly above the industry average across its spread-only accounts. MT5, the successor to MT4, enhances the trading experience with additional features and expanded capabilities. In addition to Forex and commodities, worldtradex’s MT5 platform provides access to a broader range of financial instruments, such as stocks and futures.
worldtradex stands out as a highly reputable and well-rounded online broker, offering a comprehensive and user-friendly trading experience. Its diverse range of trading instruments, competitive trading conditions across various account types, and robust regulatory oversight make it an attractive choice for traders of all levels. Scrolling through the worldtradex reviews on FxVerify, you’ll find many traders sharing positive experiences. A common theme is fast withdrawals and easy deposits, which is always reassuring.
Trade with a Regulated Broker
Here, new joiners can get a feel of a real trading account without the usual risks involved in being an owner of a paid or live account. However, it is worth mentioning that worldtradex does not have a dedicated “Contact Us” page on their website, which could be deterring for some clients. A “Contact Us” page typically serves as a centralized location for users to find all the necessary contact information and support channels, making it easier for them to reach out to the broker for assistance. The absence of such a page might make it challenging for potential clients to find the required contact details and could result in missed opportunities for the broker. The Earnings Calendar at worldtradex keeps traders up to date with the latest earnings reports for the companies they care about. During the earnings season, high market volatility can create more profit opportunities but also higher risks of capital losses.
worldtradex (HF Markets) Pros and Cons
Always check the latest details on the worldtradex official website for methods available in your specific region. worldtradex’s swap rates vary – sometimes they might be more favourable than competitors, sometimes less, depending on the specific asset. Like most brokers, they charge triple swaps on Wednesdays to account for the weekend when markets are closed. Feel free to use the orange „Edit“ button to compare worldtradex’s swaps against other brokers or for different symbols. If you hold trades open overnight, you’ll encounter swap rates (also called financing or rollover fees). These fees can be a cost or a credit to your account, depending on the instrument, whether you’re buying or selling, and prevailing interest rates.
How long does the verification process take?
Commodities are physical goods, such as agricultural products or natural resources, that are traded on global markets. worldtradex offers its clients the opportunity to trade a variety of commodities as CFDs, including coffee, sugar, and cotton, with competitive spreads and flexible leverage. All information on this website represent subjective views of the authors and they are solely informational. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website. When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss. We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments.
By staying informed about the upcoming earnings announcements, traders can better prepare for market fluctuations and make informed decisions regarding their trades. To find more information about these trading platforms, visit the “platforms” section on the worldtradex website. They have dedicated pages for each platform, ensuring you can find all the information you need to decide which platform best suits your trading requirements. Energy commodities, such as crude oil and natural gas, are vital resources that drive the global economy. worldtradex enables its clients to trade these commodities as CFDs, benefiting from the price movements without actually owning the underlying assets.
Furthermore, worldtradex covers any fees charged by banks for wire transfers, ensuring that the funds allocated for deposits are credited to the client’s accounts without any deductions. HF Markets offers a series of training course videos that delve into various https://worldtradex.space/ trading topics and strategies. These videos cover basic terms, beginners’ courses, trading tools, MetaTrader tutorials, trading strategies, and commodities and futures contracts. By offering practical guidance and in-depth knowledge on these subjects, these videos help traders maximize their profits and minimize losses in the market.
How do I customize the interface of worldtradex’s trading platform?
No, worldtradex may levy inactivity fees on dormant accounts, but there are no account maintenance costs in general. This inclusivity demonstrates worldtradex’s dedication to meeting the different demands of Singapore’s multi-ethnic and multi-religious population, ensuring that all traders can trade per their values and preferences. A Cent Account is ideal for those new to forex trading or who want to test techniques with a small investment. No, the worldtradex Affiliate Program has no earnings cap and offers unlimited commission possibilities.
There are three account types available for both followers and strategy providers, which include Copy Cent, Copy Premium, and Copy Pro. For instance, a Copy Cent account holder can only follow a strategy provider with a Copy Cent account. worldtradex offers a powerful copy trading solution through its proprietary platform, HFcopy. This feature enables users to automatically replicate the trades of experienced strategy providers. With HFcopy, traders can browse a curated list of strategy providers, analyse their performance metrics, and seamlessly copy their trades. If you are a forex and CFD trader looking for a trusted broker, worldtradex (HF Markets) can be an ideal choice for your trading journey.
I also appreciated that there were no fees for deposits, as long as wire transfers are over $250. Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. With every trade, participants in the worldtradex Loyalty Program earn “worldtradex Bars,” which can be exchanged for trading credit, cash bonuses, or other services.
- worldtradex offers Autochartist as a free tool for its clients, integrated into both MetaTrader 4 and 5 platforms.
- worldtradex enables its clients to trade various cryptocurrencies as CFDs, offering exposure to this rapidly growing market without the need to own the digital assets themselves.
- We liked the detailed performance table of experienced investors, with details on gains, stability and maximum drawdown.
- worldtradex offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, two of the best third-party trading solutions.
- The demo accounts on worldtradex are available on MT4 and MT5, two of the most popular trading platforms.
We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity. Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights. Affiliates can earn more money by referring traders to worldtradex’s cashback rebates program. Affiliates who refer clients are eligible for a 60% revenue share based on the net spreads generated by their referred trader. worldtradex sets overnight charges and swaps for various trading tools, influenced by market dynamics and rates from pricing sources.
- The Full Margin Olympics is a competitive event where traders are ranked based on their trading performance.
- worldtradex, formerly HotForex, is a well-established and award-winning forex and commodities broker serving clients worldwide since 2010.
- Then you will need to fill in the criteria, which will include (for individuals) country of residence, phone number, name, birthdate, Email, and password.
- This includes Analytical Objects, Economic Calendar, various Trading tools included into the platform, which we find quite comprehensive and on good level.
In addition, the worldtradex App provides educational resources such as webinars suited to traders of varying skill levels. Yes, traders can diversify their portfolios by following the strategies of multiple experienced traders. worldtradex’s consistent effort to align the Practice and Live trading experiences showcases the broker’s commitment to integrity, clarity, and transparency. This approach guarantees a seamless shift for traders when they activate a Live Account and embark on actual trading. These exceptional features enhance the overall trading encounter by enabling experienced traders to flourish in showcasing their complete potential and refining their strategies. This particular account offers smooth market entry via renowned platforms such as MT4, MT5, WebTrader, or the worldtradex Application, ensuring a streamlined and user-friendly trading journey for retail participants.
Do I Have Negative Balance Protection with This Broker?
Ivory Coast traders who deposit or withdraw in XAF could face currency conversion fees. Stop-Loss Orders are always connected to an open, market, or pending order. The worldtradex platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met. However, executing at the requested price may be impossible under certain trading conditions. A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position.
How often does worldtradex update its market offerings for Singaporean traders?
HFCopy by worldtradex is a potent tool that can assist traders in improving their trading skills and achieving their financial objectives. worldtradex reserves the right to terminate accounts for prolonged inactivity, regulatory reasons, or violations of their terms of service. Finally, Malaysian traders can delve into trading in a simulated setting that mirrors real-market movements. Yes, worldtradex accepts deposits in multiple major currencies, allowing international traders flexibility.
A cent lot, equivalent to 0.01 of a Standard lot or 1,000 units, enables precise position sizing. Similar standards of transparency and fund segregation can be expected for traders in Ivory Coast, providing them with a secure trading environment. For traders in the UAE, worldtradex’s Dubai branch is licensed by the Dubai Financial Services Authority (DFSA), which adheres to regulations related to Sharia laws, including the provision of only swap-free accounts. worldtradex must also provide these premier regulators with daily updates on open and closed trades.