HF Markets HotForex Review 2024 Is Worldtradex a good broker?

Our documents were checked by the verifications department and were approved in around 48 hours, which is longer than other similar brokers. Note that any deposits will be credited to the account only after your documents have been approved and the myHF area is fully activated. So talking about trading software, Worldtradex provides an award-winning MT4 Platform and its newer version MetaTrader 5 as its trading software. It is not a surprise choice, as platforms enable one-click trading along with numerous tools and access to institutional quality technology through advanced configuration.

Worldtradex doesn’t ask extra questions, so it’s easy, and the back office is easy to use. But for Skrill, SGD wire transfers, and PayRedeem, you need at least $10. Video tutorials are available without registration; these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory. Yes, an inactivity fee of $5 per month applies after 6 months of no trading activity. Worldtradex withdrawal processing times range from instant to 1 business day, depending on the method used.

How does Worldtradex make money?

The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders. Yes, Worldtradex offers a range of educational materials, including webinars, e-courses, and seminars, to support traders in enhancing their knowledge and skills. Each account type is designed to cater to different trading styles and experience levels, ensuring that traders can select an account that aligns with their specific needs. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

Use our country selector tool to view available brokers in your country. Worldtradex operates six global entities including HF Markets https://worldtradex.pro/ (Europe) Limited, HF Markets (UK) Limited, and HF Markets (DIFC) Limited (Ltd). We particularly rated the forecast tool which provides expert price analysis by instrument for the upcoming week, month, and quarter.

With high leverage, diverse assets, and zero spreads, it caters to a broad audience, from beginners to experts. Worldtradex trading fees are competitive with pricing quoted directly from leading liquidity providers. Spreads are available from 0 pips alongside low commission charges. You can trade on the Zero profile with forex commissions from $0.03 per 1k lot. The Premium and Premium Pro accounts offer zero commissions and tight, floating spreads.

Trading Conditions

You can get you top 5 brokers that appeal to you do a simple comparison that you find more suited to your style of trading. 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.

• Overall, we found that Worldtradex provides a good selection of third-party platforms but lacks its own in-house trading platform, which is usually more user-friendly.
• Worldtradex claim to be a NDD & STP CFD broker, with market execution with all account types.
• To improve its rating further, it would be good to see demo trading contests with perks and rewards.
• Enjoy daily payouts with no earning limits, maximizing your income potential through the affiliate program.

You can choose between credit/debit cards, bank wire transfers, or e-wallet solutions like Neteller and Skrill. Keep also in mind that bonuses and promotions are usually cyclical, meaning that they may not be available at all times. The selection may slightly vary depending on your area and the account type selected. Worldtradex (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group. All information on 55brokers.com is only published for general information purposes.

You may refer herefor the full details on various Indices on offer on Worldtradex. Index trading involves speculation on the movement of asection of a market, instead of individual stocks. Depending on the marketmovement, there will be potential for profits. This account type is the same as the Premium or Zero SpreadAccount but follows Islamic law and therefore is a swap-free account. The broker can also help with calculations, give you software you need, and promise good service.

Additionally, it’s available as a swap-free option for Islamic traders. Worldtradex excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times. Fast execution speed of the platform provided by Worldtradex liquidity providers is conducive in volatile market situations so that traders may seize opportunities with good trading speeds.

Retail Trader Accounts

Toll-free local phone numbers and email addresses give clients direct, free access to quality customer service in their language. Worldtradex’s research and market analysis is divided into three main sections, each of which provides a specialised benefit for traders looking for market insight and trading opportunities. Of course, there is a mobile trading platform as well a Worldtradex Mobile Application with an option to trade “on the go”. MT4 and MT5 mobile trading are known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great. What is also great with MetaTrader is its computability with various devices.

• Some brokers charge extra hidden fees in the name of funds processing charges, annual fees etc.
• With no cap on commissions and bonus incentives like RevShare+, your income potential is substantial and scalable.
• I still count myself as a developing trader so i am only sticking to major pairs for at least one year more.
• 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.
• I always recommend that traders check them before evaluating the total trading costs.

What makes HF Markets a trusted online broker?

With faster and more accurate notifications, this tool would be essential. Today, the broker has more than 3.5 million client accounts, making it one of the larger and more established online brokers. Professional traders are permitted to set performance fees up to a 35% split of profits. The pattern recognition tool can help identify potential trades along with set-up guidance. You can integrate the tool directly into the MetaTrader platforms to provide continuous market scanning, 24 hours a day. We rated the choice of learning styles, including live webinars, daily market analysis, and e-books, even if the quality of the content doesn’t compete with the likes of CMC Markets and Pepperstone.

Both platforms offer a wealth of customizable features, superb charting and technical analysis tools, plus support for automated trading. Commissions apply to forex trades on the Zero Account only, in return for the tightest spreads from 0 pips. Fortunately, commission charges are decent, coming in as low as $0.03 per 1k lot on popular forex pairs like the EUR/GBP and USD/JPY. It is worth noting that all payment methods have a minimum deposit requirement, though there is no minimum to open a live trading account (Premium and Zero accounts). The cheapest account on Worldtradex is the Worldtradex Zero account with raw spreads starting from 0 pips and $6/lot commission round turn (14% cheaper than the standard industry commission of $7/lot). Traders can utilise MT4, MT5, and the Worldtradex App trading platforms with the Worldtradex Top Up account.

However, in the context of Cent Accounts, Worldtradex’s spreads are more competitive than its competitors. The Worldtradex Zero account features raw spreads from 0 pips and a trading volume commission of $6/lot round turn. They also offer fast execution times and the option to automate trades with Expert Advisors (EAs).

Because we opened a live account, we had access to the Worldtradex e-Course. We found that the course is well-structured and includes the basics of Forex theory and Forex trading, reading and Worldtradex reviews interpreting charts, trading strategies, trading psychology, and technical analysis. Worldtradex also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface.

For most assets, except Forex, Gold, and Cryptos, the rollover fee includes an internal interest fee plus or minus the rollover fee. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. 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. In addition, there is a VPS Hosting available, while free VPS packages provided to those who deposit from 5,000$. Also while placing an order you should manage your risks smartly while tools like Limit Order and the stop loss orders will assist you.