worldtradex presents traders with a competitively priced, commission-free pricing environment. It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services. worldtradex promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.
How much money can we withdraw from worldtradex?
The broker also publishes free educational and analytical content, ranging from entry-level articles on trading to in-depth research and analysis of popular financial instruments and markets. 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. worldtradex offers https://worldtradex.space/ 24/7 customer support options for traders via 2 channels. Our team tested the live chat and email support, here is our review.
The overall fees are low for most Forex pairs & CFD instruments, and there are methods for local deposits & withdrawals in Malaysia. The broker offers automatic Islamic account with no swap fees and no commissions are charged on trades. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares.
All trading, fees, deposits/withdrawals, and profits/losses will be shown in your chosen currency. worldtradex is a forex broker that offers competitive spreads, flexible leverage, and copy trading. They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms. Overall, worldtradex is an okay broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts.
- If you have funds in your worldtradex trading account already, you can simply do an internal transfer to your CopyTrading wallet.
- The broker offers automatic Islamic account with no swap fees and no commissions are charged on trades.
- The lists simply state that those entities are not licenced in Malaysia.
worldtradex is not regulated in Malaysia & they are not licensed by the SCM. Malaysian traders at worldtradex are registered under offshore regulation, so you are trading at your own risk. Furthermore, worldtradex does not allow the use of arbitrage strategies.
worldtradex has also gone https://worldtradex.site/ above and beyond with its education materials which include live webinars and carefully crafted courses. 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. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. worldtradex features negative balance protection for all trader’s account types, which means customers cannot lose more than the money they have in their trading account in case a position is not successful.
Trade with a global broker
Over 11 years, it has gained the trust of millions of clients from more than 180 countries. In 2022, worldtradexFX was included in the Financial Consumer Alert List (FCA) of Bank Negara Malaysia (BNM) and the Investor Alert List of the Securities Commission Malaysia (SC), together with many other Forex brokers. 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. Let’s discover whether you can trust this broker or if worldtradex FX is a scam.
You have no real account to deposit
This generally means the broker is responsive in handling client issues. We recommend you can try the broker after researching their site and chatting to with support to answer any questions you may have. The number of tradable instruments on worldtradex is few, which means they may not have some instruments that you want to trade. You can learn more about the bonus and the rules that apply in the promotions sections of the worldtradex website. 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.
After choosing a Master Trader, the Copiers are all set to copy their trades and benefit from the expertise of professional traders. We compiled a summary of the trading fees and non-trading fees on worldtradex. It is important to note that worldtradex is not regulated or licensed in Malaysia. Both authorities (BNM and SC) indicate that inclusion in the alert lists is only meant to increase awareness of entities not licenced or regulated by them. This, however, doesn’t mean that all the companies on the lists are frauds or scams. Moreover, many of them—like worldtradexFX—have multiple international licences and incorporation documents that allow them to accept clients from all over the world.
worldtradex does not charge swap fees for overnight positions. Also, note that there are no foreign CFD brokers that are regulated in Malaysia. If you are trading with any foreign forex/CFD broker, you are doing so at your own risk. You account will be registered under the broker’s an offshore regulated entity (please note that this is the same for all forex brokers). Although worldtradex does not offer MYR account currency you can deposit Malaysian Ringgit via local banks and it will be converted into your chosen account currency.
Here is a summary of how the forex broker handles your orders. Here is a summary of payment methods for withdrawals accepted 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. Everything you need 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 copier does not need to copy the trades manually, it happens automatically.