HF Markets HotForex Review 2024 Is WorldTradex a good broker?
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. Keep also in mind that bonuses and promotions are usually cyclical, meaning that they may not be available at all times. WorldTradex withdrawals are secure, but can be quite slow requiring up to 10 business days to get through. However, if you withdraw money with Skrill or Neteller, the withdrawal is instant.
Partnership Options
WorldTradex also provides free services such as Autochartist and premium trading tools. The WorldTradex Top Up Account is distinctive for offering a bonus on every eligible deposit but is exclusively for traders under the regulation of the Financial Services Authority (FSA) of Seychelles. WorldTradex Top Up account is not available for traders in the EU, UK, and Australia. Cent account includes transactions and balances in USD cents, with a minimum deposit requirement of $0. Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want. In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on WorldTradex (i.e. your personal information provided) is up to date.
We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. It is essential to note that the website is region-based, and the available support channels may vary depending on the region. However, for this specific region, Email, Phone, and Live Support are the primary methods of communication with the broker. WorldTradex ensures the protection of payment and data security by not receiving https://worldtradex.site/ or storing any personal credit card or payment details.
This diversity of assets allows traders to diversify their investment portfolio and explore various trading opportunities. WorldTradex, formerly HotForex, is a well-established and award-winning forex and commodities broker serving clients worldwide since 2010. With over 3.5 million live accounts opened, more than 200 employees globally, and support for over 27 languages, WorldTradex has solidified its position as a global market leader in the trading industry. Both platforms feature fast execution, advanced charting, and automated trading with Expert Advisors. The WorldTradex Affiliate Program stands out with its high earning potential, flexibility, and comprehensive support system. Affiliates can earn substantial commissions, with no ceiling on earnings, and can take advantage of daily payouts, multiple bonus opportunities, and a three-tier referral system.
On the other hand, WorldTradex does have a good reputation, and its other operations are overseen by some of the better regulators in Europe, including the UK’s FCA and CySEC of Cyprus. But Indian clients must rely solely on the reputation of WorldTradex as no additional measures exist to ensure client protection. As with any investment decision, potential clients should conduct their research and due diligence before committing to a particular broker. However, from the information available, this broker seems to be a viable option for those seeking a safe and reliable trading partner. 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.
- 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).
- The payment deposits are instant however withdrawing take up to one business day which is acceptable in my opinion.
- HF Markets delivers a comprehensive and secure trading environment with an array of features that cater to traders of all experience levels.
- MetaTrader 5 delivers multi-asset trading with access to over 3000 instruments and superior analysis tools.
- The swap-free account at WorldTradex is available to all clients, and they also provide trading conditions for those who adhere to Sharia law.
- Lastly, WorldTradex offers an exclusive range of merchandise, such as branded clothing and accessories, as a token of appreciation for its loyal traders and partners.
Popular Forex Broker Reviews
WorldTradex offers both MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the industry. Additionally, they provide a specialized mobile trading app for both Android and iOS users. Trade execution is good at Hotforex trading MT4 and withdrawals are easily processed.
WorldTradex (HF Markets) Review: is it a good broker for 2025?
- Although some past users of WorldTradex have reported difficulties dealing with the customer support of this broker, most customers report a positive experience without any major issues.
- All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders.
- Compare top platforms, fees and features to make an informed trading choice.
- These include your full name, gender, country of birth, phone number and the base currency you’d like your account to be held in.
- The account also comes with an Islamic swap-free option, accommodating a range of trading preferences and needs.
- Operating as an online business, this site may be compensated through third party advertisers.
For stock CFDs, no commissions are generally applied, while cryptocurrency trades may incur a small fee per round lot turn. So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Upon opening the WorldTradex demo account you can start with a virtual balance of up to $100,000 while also installing and trying EAs as we have explained in our WorldTradex demo account guide. WorldTradex enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and crypto.
WorldTradex Review – Analysis of Brokers’ Main Features
HF Markets is regulated by several authorities including the FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FCA (UK), and others across global jurisdictions. HF Markets also holds licenses in several other jurisdictions, including Seychelles, Mauritius, and Kenya, along with registrations in multiple European countries. Based on our outstanding experience, we strongly recommend trading with WorldTradex.
Bonus Offers and Promotions
However, Wire Transfer may involve some correspondent fees according to your bank and international policies. Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker WorldTradex. No, WorldTradex is not a scam, it is licensed by several top authrotiites including FCA, FSCA and CySEC. I had found out that it is honest broker with which I am trading for years now and i had noticed many improvements since i joined them. My trading career comprised of trading with Hotforex since 2019 start and it is almost one year now.
💳 Minimum deposit
MetaTrader 4 (MT4) is a popular trading platform that allows users to trade a wide range of financial instruments, including CFDs on Forex, commodities, metals, and more. It is known for its easy-to-use interface, advanced charting tools, and fast execution speeds. HF Markets offers a variety of bonuses including deposit bonuses, loyalty rewards, and promotional contests. These bonuses are automatically applied to eligible deposits, providing traders with additional funds to trade. HF Markets places a strong emphasis on safety and security, offering a trustworthy environment for traders.
Starting this Friday, we’re launching a 100% Deposit Bonus promotion, where you can receive up to $200 on your deposits! It’s a great way to boost your trading journey.Feel free to reach out if you’d like more details, and we’ll be happy to assist you further. Of course, spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account obviously offers 0 fee which averages spread from 0.2 pips most often. However, the difference between trading costs also defined by the margin requirements, which increase almost double in case you wish to trade with 0 spread.