First, you must know the symbol for the index that you want to trade. For example, if you are to trade DJI (Dow Jones Industrial Average), which is a basket of 30 major stocks in the US, the symbol for that is USA30 at worldtradex. Moreover, execution desk is available for all open orders, which means the clients can close or manage all their open positions over the phone. It is not available for Market orders or to open new positions. After you have submitted your documents, worldtradex will normally verify your account in business hours and revert to you on your email with account verified message. In case you don’t receive confirmation within this time, you should contact their support for an update.

The broker does not charge any deposit fees, making it cost-effective for traders to fund their accounts. worldtradex charges traders spread & commissions, depending on your account type. They have Zero Account which has Raw Spreads from 0 pips & upto $7/lot commission. Also, worldtradex doesn’t charge any extra fees for deposits or withdrawals from traders in South Africa. worldtradex is one of the few forex brokers that have local bank transfer option for funding & withdrawals. This makes them a better option than any foreign brokers, as you can deposit & withdraw funds in ZAR quickly without any extra fees.

Step 2: Go to the Deposit Section

• In our comprehensive worldtradex review we look into this broker’s account types, their trading fees, platform, ease of deposit & withdrawals, customer support, their bonus offerings & lot more.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• I was introduced to hotforex through an IB, and I am very pleased with how things turned out, excellent broker, tight spreads, fast execution and they even offer crypto trading.
• Upon successful completion, the funds should be credited to your worldtradex  trading account which allows you to start trading on the platform.

Once logged in, go to the deposit section within your worldtradex  account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.

What deposit methods are available at HF Markets?

• worldtradex has trading platforms for all kinds of trading needs, whether it be Desktop or on-the-go using mobile.
• For example, if you are to trade DJI (Dow Jones Industrial Average), which is a basket of 30 major stocks in the US, the symbol for that is USA30 at worldtradex.
• If you’re looking for a MetaTrader broker that provides any of the features mentioned in our review, HF Markets can definitely be a great choice for you.
• For Cent, Zero, and Premium accounts, no minimum deposit is required, while the Pro Account requires a deposit of $100 and the Pro Plus Account requires $250.
• There’s no minimum amount required with worldtradex, and the deposit methods accepted include wire transfer, debit card, credit card and eWallet.

worldtradex does charge an inactivity fee on all accounts that are inactive for more than a six-month time period. If an account is unused for between six months and one year, a $5 fee is charged. Non-trading fees are not directly related to trading and can include payment fees and inactivity fees.

How many instruments can be traded with worldtradex?

worldtradex is a well regulated broker (regulated by Top-tier regulators FCA, CySEC, FSCA), so we consider it very safe to deposit funds & trade with them for traders in Nigeria. They serve both retail as well as Profession traders, offering more than 1000+ asset choices including forex trading, and CFDs on commodities, energies, metals, popular stocks, and indices. The worldtradex Premium Pro account offers a range of base currencies including USD, EUR, and PLN. The Premium Pro account has a minimum deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only).

As per our research, the company’s deposit and withdrawal methods are good, and they even support local bank transfers (but they are little slower than some other brokers like FXTM). Both worldtradex PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250. The worldtradex Premium account supports multiple trading platforms, including MT4, MT5, and the worldtradex App. Additionally, the worldtradex Premium account is available as a swap-free option, accommodating traders of Islamic faith. worldtradex stands out as a versatile forex and commodities broker, offering comprehensive trading services for both retail and institutional clients across the globe.

Can I withdraw using the same method I deposited with?

HotForex or worldtradex is not licensed by any regulatory intuition in Nigeria. They are operating any license, and when you open you account, it is under “HF Markets (SV) Ltd”, which is an offshore entity. All your trades are being placed with this foreign entity, registered under the laws of St. Vincent & the Grenadines. It is important to note that Nigeria based clients on worldtradex are registered under HF Markets (SV) Ltd, which is an offshore regulation. Also, depending on the method there is a minimum withdrawable amount up to $100. worldtradex (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group.

They offer an unlimited demo account with a virtual balance of $100,000 and real-time data. For those just getting started or finding cards more convenient, the $5 minimum for credit/debit and Skrill can be a favorable entry point. For crypto users, a slightly higher amount of $30 will be required, while bank transfers have the highest minimum of $100. To open an account, simply click “Register” on the worldtradex homepage, complete your profile, upload the required documents, and choose your trading platform.

HF Markets offers a solid, flexible trading experience with a Worldtradex scammers variety of account types and accessible deposit requirements. Whether you are a beginner looking for a low-cost way to start trading or an experienced trader seeking advanced tools, worldtradex has something for you. worldtradex offers the full range of the MT4 and MT5 trading platforms.

The payment account holder must match the account holder’s name. For joint accounts, the worldtradex account must be opened in the name of any one of the joint account holders. To fund your worldtradex  account, you’ll first need to create your worldtradex  account or log in to your existing account. Open your preferred web browser and go to the official worldtradex  website. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.

Yes, worldtradex offers a good trading environment for all types of traders, from beginners to advanced. Deposit options made available by worldtradex include Bank wire transactions/transfers, Credit cards, debit cards, and alternative options like Skrill. This analysis provides an overview of worldtradex’s spreads for various asset classes tailored to South African traders. worldtradex will notify clients once it credits the deposit to the trading account.

Step 3: Choose Deposit Methods

We found worldtradex’s bonus is the best out of all the brokers that we have compared so far. We did not find any other regulated broker that offered better welcome bonus to Nigerian traders. worldtradex Top Up account is not available for traders in the EU, UK, and Australia. Traders can utilise both MT4 and MT5 trading platforms with the worldtradex Premium Pro account. Additionally, the Pro account is available as an Islamic swap-free option. If you deposit less than $100 with a bank wire (or less than $250 under the regulation of the Cyprus Securities and Exchange Commission, CySEC), you might be charged processing fees.

Typically, worldtradex’s deposit incentives have no direct influence on trading leverage. However, they may expand your available margin, allowing you to create greater bets. In addition to the benefits we’ve already mentioned, there are also daily cash rebates of $2 per lot traded, with a maximum limit of $8,000. 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.

You will receive a $100,000 virtual money when you open a Demo account where you can test your trading strategies under the close to real market conditions. But if you deposit in Rand to your ZAR account at worldtradex, there is no markup or conversion losses for SA traders using worldtradex’s platform. worldtradex South Africa is licensed by regulatory authority Financial Sector Conduct Authority (FSCA) with FSP Name HF Markets SA (PTY) Ltd since 2015. Plus, worldtradex Group is regulated by globally reputed Top Tier Regulators including FCA, CySEC.