They are although regulated under CySEC & FSCA, which are Tier-2 regulators. Worldtradex primary offers their proprietary platform WorldtradexTrader, which is available on all devices. The platform has most of the features, but the downside is that you cannot trade CFDs on stocks on their proprietary platform. So, if you are trading GBP/USD for example on WorldtradexTrader, the typical spreads are 1.2 pips normally intraday during active sessions.
Educational Resources
Web Trading Platform – Their web trading platform be used if you want to trade through your internet browser. This offers a quick and convenient way for you to access the trading platform. The web trading platform supports all popular web browsers. The availability of instruments depends on the type of account that is being used. The MT5 account type offers the widest range of instruments to trade. Worldtradex offers a variety of deposit and withdrawal methods for traders in Malaysia.
We have designed our trading platformto meet all your trading needs.
Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation. If you are found using these strategies, Worldtradex might cancel your orders, cancel your profits, close all your trading accounts, and refuse to allow you to open a new one. Also, addition, orders less than 180 seconds can be considered abuse and canceled too. 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. Worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks.
They support deposits/withdrawals to Malaysian bank accounts, and has 24 hours live chat and email support from Mondays to Sundays. Advanced risk management systems protect client positions and funds. Real-time monitoring tracks market exposure and margin levels. Automated warning systems alert Worldtradex official site clients about potential margin calls.
Technology investments improve trading conditions and platform performance. Regular service updates respond to client needs and market changes. Local team growth supports expanding client base requirements.
- You can learn more about the bonus and the rules that apply in the promotions sections of the Worldtradex website.
- What is the minimum deposit for Malaysian traders at WorldtradexFX?
- The minimum deposit in Worldtradex is only $20 with their Metatrader 4 Account.
- Worldtradex withdrawal request can be submitted via the client panel.
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Because Worldtradex provides market execution, there is a high likelihood that your orders might be opened or closed at a price different from your requested price. Unlike some brokers who strive to get the next best price for you in this situation, Worldtradex deems this slippage natural and will not bear any responsibility for it. This is because the price deviation (opening/closing) is due to the available liquidity. Worldtradex provides Market Execution on all trading instruments. This means your orders are transferred to interbank liquidity providers.
- With Worldtradex, you can trade using your mobile, web browser, or desktop regardless of the trading platform.
- For example, the spreads on DE40 is 2 pips, which is the lowest compared to other CFD brokers.
- Server infrastructure ensures stable trading conditions.
- The Copier can choose to copy the Master Traders trade in equal volume or 2 times the volume of the trade or even three times.
- Client testimonials highlight platform reliability and support quality.
Forex basics
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Traders can get an idea of how much is the cost of trading at Worldtradex Malaysia by using a few benchmark examples. Note that with Worldtradex you are trading CFDs, which means when you are buying gold, you don’t own it. We recommend you can try the broker after researching their site and chatting to with support to answer any questions you may have. You can learn more about the bonus and the rules that apply in the promotions sections of the Worldtradex website. Read this review to know more about the trading conditions at Worldtradex. Their entity is registered in the Island of Moheli, Comoros Union as Worldtradex Markets Ltd.
Social trading programs enable knowledge sharing between traders. Trading competitions create opportunities for skill demonstration. Community feedback shapes service development directions. Everything you need to start trading from beginning to advance level, this website is providing you.
However, being licensed to operate by fewer financial authorities does not automatically mean that Worldtradex is not a safe broker. 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. The number of tradable instruments on Worldtradex is few, which means they may not have some instruments that you want to trade.
Long-term clients detail their trading journey development. 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. The minimum deposit in Worldtradex is only $20 with their Metatrader 4 Account.
Based on our research, the overall cost of trading CFDs at Worldtradex is not the highest, because other brokers like FXTM, Worldtradex charge higher or the same. Some instruments at Worldtradex have higher spreads compared to other brokers. For example, their GBP/USD spread is not the lowest, but their EUR/USD spreads are very competitive if you are trading on WorldtradexTrader.
Tutorial platform
When you trade with Worldtradex, it is at your own risk, because they are not regulated in Malaysia. Traders can withdraw the Worldtradex bonus after they meet a trade volume requirement of half the bonus amount in lots. The minimum withdrawal amount on Worldtradex is MYR 20 for local bank accounts, $5 for withdrawals to e-wallets, and $20 for cards (Visa). Spreads on this account start from 0.6 pips, you do not pay any commissions on trades, and no swap fees are charged for keeping an open position overnight. Regular trading seminars connect Malaysian traders with market experts. Local trading communities receive support for educational initiatives.
Worldtradex has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. 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. If there is any negative balance from an unsuccessful position, the account is reset back to zero balance.
In terms of regulation, Worldtradex is considered a moderate-risk forex & CFD broker for traders based in Malaysia. They are regulated with only two Tier-2 regulations and no Tier-1 regulation. Worldtradex offers 24/7 customer support https://worldtradex.live/ options for traders via 2 channels. Our team tested the live chat and email support, here is our review. The account has negative balance protection which means you cannot lose more than your deposits. 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.
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. Overall, Worldtradex is an okay broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts.