An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. Worldtradex add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates. Worldtradex can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. If you are a high-volume investor, then the Active Trader account may be for you.
A $40 withdrawal fee will be charged for all Bank Wire requests. Neteller If you have funded via NETELLER you may withdraw via NETELLER. Skrill If you have funded via SKRILL you may withdraw via SKRILL. Please log in to MyWorldtradex to then click on ‘Withdraw’ to view instructions on how to submit a SKRILL withdrawal request. In order to be fair to all of our clients, deposits are processed in the order that they are received. When you withdraw funds, the amount deposited from each card will be returned to each card.
The fifth step in the application process is to complete both contact and employment information, followed by questions in regards to the applicant’s trading history. The following step is for the applicant to complete a selection of general information, including their preferred account option. Worldtradex also provides negative balance protection to retail clients. Yes, however the corporate bank account name must match the corporate name with Worldtradex.
Skrill is a third party online payment provider that allows you to securely send and receive funds electronically. In order for you to fund your Worldtradex trading account via Skrill, you must first open https://worldtradex.club/ and fund an account with Skrill. Worldtradex does not allow pre-paid credit or debit cards as a form of deposit. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
There are no fees for withdrawals by credit card or debit card. Most credit or debit card deposits are processed within 1 business day, if not sooner. Bank Wires Approximately one to two business days (domestic) and three to five business days (international), often less, to arrive and process into your trading account.
もくじ
How much can I fund at one time via Skrill?
The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. Worldtradex standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Yes, Worldtradex is a well-regulated service provider that offers negative balance protection for retail clients under selected regulated entities. However your bank may charge you for service fee and verification fee.
What are the different categories of accounts supported on Worldtradex?
In addition ,they offer several trading facilities on shares, stock indices, forex, commodities, and cryptos to a global market. Overall, the minimum deposit amount required to register an Worldtradex live trading account range from $50 scammed by Worldtradex USD to $300 USD. Traders should also consider potential third-party payment processing charges. Worldtradex does not levy internal deposit fees except for a currency conversion fee on deposits below $10,000.
How much can I fund at one time via credit or debit card?
In order for you to fund your Worldtradex trading account via NETELLER you must first open and fund an account with NETELLER. If funds are received, Worldtradex will require the client to complete the Skrill application within 10 business days. If the application is still incomplete after the holding period, funds will be returned to the originating Skrill account.
In these cases, please allow up to 1 full business day for your deposit to be reviewed. Should we need any additional information from you, we will contact you via email. You may deposit by card by logging into MyWorldtradex or using Worldtradex’s Mobile App. For a complete list of the options available to you, please log onto MyWorldtradex and click “Deposit Funds”.
This simplified trading process makes the platform a great tool for beginner traders. Worldtradex is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from Worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients.
- You can deposit funds to the Worldtradex Broker by wire bank transfer, Credit Cards or Debit Cards, Skrill and Paper Cheque.
- Once this step has been completed, the applicant will be met with an explanation page with a larger Open Account Button.
- You can also withdraw funds to the local bank account used in funding your Worldtradex trading account.
- The minimum deposit is one of the lowest in the online broker’s industry.
- However, it’s important to choose a deposit amount that makes sense for your individual trading goals and financial situation.
Wire FAQs
No, there are no fees or charges for making deposits at Worldtradex. However, fees may still be applied by the payment systems used. For example, credit card transactions can incur an average fee of 1-3% from the provider. If the broker does not separately compensate for this amount, you should be prepared for these additional costs.
The deposit currency for Worldtradex will be dependent on the base currency a trader has chosen. Log into the Worldtradex client portal and navigate to “Deposit” next to the trading account you wish to deposit. You will be redirected to log into your online banking account to authorize the payment and the requirements may vary by bank. However, the transaction limits may differ based on the bank you select. Yes, if you have funded via NETELLER you may withdraw via NETELLER.
- To avoid delays in depositing, you should complete the account verification process with Skrill prior to submitting a deposit.
- You should consider whether you can afford to take the high risk of losing your money.
- It is important to highlight that the most famous payment methods are offered with no fees charged from Worldtradex’s part.
- So most new traders in brokers look for forex and minimum deposit terms.
- The same amount applies whether you are using cards, e-wallets or bank transfers to deposit funds to your trading account.
I would like to send funds using a different method other than the options you provided. How can I do this?
The list may vary depending on the account type and the Worldtradex Group entity you are trading with. Click here to go deeper on the Worldtradex account types guide in case you want to find more on the topic.
The Worldtradex platform offers various deposit options, each with their own fee structure. For instance, while bank transfers may have lower fees, they usually take more time to process. Credit card deposits are faster but often involve higher fees of up to 5% of the amount. All transactions are automatically converted to the base currency of your trading account. You may incur additional fees charged by your bank, credit/debit card issuer, or NETELLER for currency conversion.
With the right strategy and risk management techniques, forex trading can be a profitable venture for those who are willing to put in the time and effort. Worldtradex offers bank wires, credit/debit cards, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and cryptocurrencies, as deposit methods. Only verified accounts can make the Worldtradex minimum deposit, and the name on the payment processor must match that of the Worldtradex account. Worldtradex credits most deposits within 24 hours, but e-wallets and credit/debit cards usually take minutes.
