The base currency of all types of accounts can be either EUR or USD for all types of accounts for Malaysian traders. They offer spread-only accounts and offer commission-free trading on all tradable instruments. worldtradex promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.
Regular trading seminars connect Malaysian traders with market experts. Local trading communities receive support for educational initiatives. Social trading programs enable knowledge sharing between traders. Trading competitions create opportunities for skill demonstration.
We have designed our trading platformto meet all your trading needs.
Traders can withdraw the worldtradex bonus after they meet a trade volume requirement of half the bonus amount in lots. The first step to start copy trading is to fund your CopyTrading wallet with a minimum investment sum of $25, some Master Traders require higher minimum investments. If you have funds in your worldtradex trading account already, you can simply do an internal transfer to your CopyTrading wallet. worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks. You can also deposit via cards, e-wallets and cryptocurrencies. Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name.
worldtradex Deposit and Withdrawal
The overall fees that worldtradex charges are lower than most other brokers, which makes than an attractive choice for traders looking for a low-cost broker. The traders trading with worldtradex (worldtradexFX) in Malaysia are choosing them at their own risk as they are not regulated. Overall, FXTM offers a standard trading experience thanks to its use of the MT4, MT5, and cTader trading platforms.
- Overall, worldtradex is an okay broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts.
- This article delves into the reasons behind worldtradexFX’s popularity in Malaysia and how it caters to the needs of its diverse clientele.
- The base currency of all types of accounts can be either EUR or USD for all types of accounts for Malaysian traders.
- worldtradexFX is also known for its attractive promotions and bonuses, which add extra value to traders’ accounts.
- Local trading communities receive support for educational initiatives.
They also have separation of funds and anti-money laundering policies in place. There are both pros and cons to trading through worldtradex, but you must make your own decision given then risks. If you are holding 10 shares, then the cost in this example would be around USD 21. You can increment this to the number of shares you want to trade (calculated based on your CFD contract lot size). worldtradexFX is obviously a real and well-established international broker which has been working for more than 11 years. In this article, we will focus on worldtradexFX as one of the most prominent Forex brokers in Malaysia.
What makes the worldtradexBroker so good for traders?
Advanced risk management systems protect client positions and funds. Real-time monitoring tracks market exposure and margin levels. Automated warning systems alert clients about potential margin calls. Multi-level security protocols safeguard trading operations and client data.
A Trusted Name in Forex Trading
Our team tested the live chat and email support, here is our review. worldtradex is not regulated in Malaysia, and traders are trading at their own risk. They have low spreads, MetaTrader platform, copytrading & good support. Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official worldtradex broker app. Whether you are a novice trader looking to learn the ropes or an experienced trader seeking advanced tools and competitive conditions, worldtradexFX has something to offer. As the Forex market continues to grow in Malaysia, worldtradexFX remains at the forefront, helping traders achieve their financial goals with confidence.
Users have the option of using the MetaTrader 4, MetaTrader 5, or worldtradexTrader trading platforms (their fees is spreads only with all these accounts). worldtradex is relatively less regulated than other comparable brokers and holds licenses from Tier-2 CySEC and Offshore regulator Mwali International Services Authority. worldtradexFX is also known for its attractive promotions and bonuses, which add extra value to traders’ accounts. The broker regularly offers deposit bonuses, cashback promotions, and other incentives that can boost your trading capital. These promotions are particularly appealing to traders looking to increase their trading volume and potential profits.
- If you suffer a loss from an unsuccessful trade, any negative balance that accrue in your account will be reset to zero and you will not need to deposit any money to clear the negative balance.
- There is no commission or any other charge except for their spreads.
- The broker also offers support in multiple languages, including Malay, ensuring that local traders can communicate effectively with the support team.
- With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders.
Additionally, worldtradexFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards. To enhance safety, the broker requires identical payment details for both deposits and withdrawals. This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account. Furthermore, worldtradexFX employs 3D secure technology for credit and debit card processing, which guarantees the transparency and safety of all Visa transactions. Overall, worldtradex is an okay broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts. If there is any negative balance from an unsuccessful position, the account is reset back to zero balance.
Everything you need Worldtradex review to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading. The customer support offered through live chat is quick and helpful, and also available in the local language. Although worldtradex is a popular forex broker, but they score low in terms of overall trust score in our research. They are although regulated under CySEC & FSCA, which are Tier-2 regulators. In short, you will have to pay the variable spreads when you trade.
On worldtradex’s website, you can find their execution policy under their ‘customer agreement’ section. Here is a summary of how the forex broker handles your orders. CopyTrading on worldtradex is a feature that is designed for traders that do not want to trade on their own and would rather copy the trades of other traders, known as Master Traders. Here is a summary of payment methods for withdrawals accepted on worldtradex. Find a summary of the deposits/withdrawals options on worldtradex. Step 1) To open a trading account on worldtradex in Malaysia, go to their website homepage at and click on the ‘Open Account’ button, highlighted in blue colour, at the top right side of the home page.
These resources are designed to empower traders with the knowledge they need to make informed decisions and navigate the complexities of the Forex market. Additionally, worldtradexFX’s educational materials are available in multiple formats, including video tutorials and written guides, ensuring that traders can learn in the way that suits them best. One of the primary reasons for worldtradexFX’s popularity in Malaysia is its reputation as a trustworthy and reliable broker. Established in 2011, worldtradexFX has steadily gained the trust of traders worldwide, including in Malaysia, by offering a secure trading environment. The broker is known for its transparent operations, ensuring that traders have peace of mind when conducting transactions.
They have been operating since 2011, so have a track record. You can withdraw as little as MYR 100 or USD 5 on worldtradex, depending on the payment you are using. You can withdraw to your Malaysian bank account, card or e-wallet. After choosing a Master Trader, the Copiers are all set to copy their trades and benefit from the expertise of professional traders.
The contents of this website should not be considered as financial advice. The leverage that is offered depends on the type of account and the type of instrument that is being traded. To make money, you will need to make profitable trades on the platform. However, remember that trading involves risk and you can lose your money as well. Their spreads on gold on average are 2.8 pips, which is moderate.
For example, the typical spreads on trading Apple CFD is 2.1 pips. If the bid is 187.79, the ask price will be 188, to give you an understanding of the cost. With worldtradex, you can trade using your mobile, web browser, or desktop regardless of the trading platform. For users who want to trade stock CFDs, you would need to open MT5 account, because you cannot trade stock CFDs on worldtradex MT4. worldtradex does not charge any deposit or withdrawal fees which makes it highly attractive to open an account with them. However, there are several factors that new investors want to be sure of when entering the financial markets, and one of them is the trustworthy broker.
Top Trading Platforms
Some chat agents declined to answer some questions, claiming they could only give such information to registered worldtradex traders. The webinars have also been structured so that you can learn at your level. There are webinars for all levels of experience and there some for beginners. Note that you need to verify your account before you can initiate withdrawals. Here is a summary of payment methods accepted by worldtradex for deposits. Once your verification is complete, you will be able to fund your account with any deposit method and start trading.
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