It also provides an opportunity to test trading platforms and strategies in a cost-effective way. WorldTradex features six different accounts that traders can choose from. These include the cent, the premium, the zero, the top-up plus, the pro, and the pro-plus accounts. https://worldtradex.site/ Notably, this broker does not have a minimum deposit on four of its trading accounts. Only the pro and the pro-plus accounts have a minimum deposit requirement.
Loyal Customers and Major Banks rate WorldTradex among the best International Brokers. The minimum deposit required to open an WorldTradex Pro Forex Trading Account starts at $5/R90 ZAR and will differ depending on the account choice. There are nolimits on commissions or on how to manage your business. HF Affiliates is oneof the leading Partner Programs in the industry featuring competitivecommissions, marketing tools, and exceptional support.
How much should I deposit in my WorldTradex account?
WorldTradex Pro account is not available for traders in the EU, UK, and Australia. The WorldTradex Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The Premium account still maintains an accessible entry point with a minimum deposit of $0.
WorldTradex Minimum Deposit
The WorldTradex App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App. The list may vary depending on the account type and the WorldTradex Group entity you are trading with. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading. To fund your WorldTradex account, you’ll first need to create your WorldTradex account or log in to your existing account.
Pro Tip
The Cent, Zero, and Premium accounts do not have any minimum deposit requirements, allowing traders to start with any amount they choose. However, for those looking for more advanced features, the Pro Account requires a minimum deposit of $100, while the Pro Plus Account necessitates a minimum deposit of $250. An WorldTradex deposit functions similarly to online banking via myHF, the secure and user-friendly WorldTradex back office, which handles all financial transactions. The WorldTradex minimum deposit amount depends on the account type and ranges between $0 and $500. Customer service is a key aspect of choosing the best forex broker.
Step 5: Choose a suitable payment system and click on it.
- The processing time for your deposits to show in your account depends on your chosen deposit method.
- WorldTradex offers both Meta Trader 4, Meta Trader 5 and WorldTradex Application trading platforms.
- The good news is that all HF Markets accounts offer swap-free alternatives, making them a suitable option for traders who cannot pay swap fees for religious reasons.
- Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.
- We verify some of our data for quality control but there are slight variations occasionally.
Now that you know the minimum deposit amount you can delve into the individual WorldTradex account types offered before opening one. Now that we know how to make deposits and how much is accepted per deposit method, let’s shift our focus to the offerings of this broker to its traders. Bank wire transfer deposits will take between five to seven days to reflect in the trading account, while all other methods (Credit/Debit Card and Skrill) will take up to 10 minutes. WorldTradex provides access to a wide range of markets including Forex, Commodities, and Cryptos, as well as innovative trading tools like Autochartist and the HFcopy trading platform.
- However, it is essential to conduct thorough research and consider your trading needs before making a decision.
- All these regulations support WorldTradex’s longevity, which we will try to verify through the following WorldTradex review criteria.
- This guide highlights the top 5 forex brokers offering low or no minimum deposit requirements in 2025.
- HF Markets offers several deposit options, including Bank Transfers, Debit/Credit Cards, and Cryptocurrency, allowing traders to choose the method that best suits their needs.
- ➡️ Enter the personal information required and log in to the user account.
- MT4, MT5 and WorldTradex Application are easy to use, so anyone can use them regardless of their experience.
Deposit fees and deposit methods
Also important to note, WorldTradex charges swap fees for positions held open overnight. These fees depend on the specific asset you’re trading and the size of your position. The good news is that all HF Markets accounts offer swap-free alternatives, making them a suitable option for traders who cannot pay swap fees for religious reasons. The minimum deposit amount required to register a WorldTradex trading account is $5, this minimum deposit is equivalent to 599 KES. WorldTradex formerly Hotforex is considered trustworthy, with an overall Trust Score of 9 out of 10.
However, the minimum deposit may vary based on account types and tradable asset types. Below are the minimum deposits for all types of accounts of WorldTradex. Since 2014, Trade Nation is known for its low-cost, fixed spreads and a platform focused on transparency and fairness. They offer traders advanced charting tools, daily reports and unmatched support from a 24/5 customer success team. Retail, Affiliates, and White Label clients can access various spreads and liquidity via state-of-the-art automated trading platforms in a tailored trading experience. WorldTradex minimum deposit required to register an WorldTradex live trading account is $0 USD.
It is regulated by FCA, CySEC, CMA, FSC, SVGFSA, FSA-S, FSCA, DFSA etc. The minimum deposit offered by a broker is one of the most important things to consider when selecting a trading partner. For traders in South Africa, WorldTradex is one of the most attractive forex brokers to use. This broker supports the ZAR as a base account currency and provides a ton of other attractive features. Nonetheless, understanding the minimum deposit requirements is crucial.
Besides, the WorldTradex leverage structure intends to increase potential gains. Sometimes, the gains can be multiplied by a certain number of times. Depositing into your trading account in a currency different from your account basecurrency attracts currency conversion fees and can reduce your trading capital. You cannot transfer money directly from your bank into your trading account. You must transfer to your My HF Wallet first and when you want to trade you transfer from wallet to your trading account.
Is WorldTradex suitable for both retail and institutional clients?
Upon successful completion, the funds should be credited to your WorldTradex trading account which allows you to start trading on the platform. 👉 Negative balance protection is a risk management strategy made accessible to all retail trading accounts by WorldTradex. Regardless of market volatility, WorldTradex’s negative balance protection is in force, which ensures that if a client’s account goes negative, they are not required to pay the broker back.
If you do need to get in contact with the support team, you will find them readily available in English through live chat, email, or phone. Lastly, WorldTradex earns from B-book execution of some trading orders where WorldTradex acts directly as counterparty, earning on losing trades. WorldTradex is a CFD (Contract For Difference) Forex broker with execution style based on ECN (Electronic Communications Network) and STP (Straight-Through Processing) models. Also, depending on the method there is a minimum withdrawable amount up to $100. It is primarily a CFD broker and applies overnight fees, which are not favourable for long-term investment strategies.