Investors retain control over their funds, and money managers may only invest in the pooled account and not withdraw funds. No, worldtradex does not charge registration fees, ensuring a cost-free onboarding experience. Crucially, by being swap-free, the account aligns with Sharia laws, eliminating interest-driven transactions and highlighting worldtradex’s focus on honoring the diverse beliefs of its clients. Although there are no strict minimums, affiliates are encouraged to promote worldtradex actively to increase their earnings.
One broker that has garnered massive attention in the forex environment is worldtradex which was formerly known as HotForex. The multi-jurisdictional regulation of worldtradex means that traders from different regions can choose the regulatory body that best aligns with their preferences and requirements. This flexibility enhances worldtradex’s global appeal, making it a preferred option for traders seeking a broker with comprehensive regulatory oversight. Considering all this, it’s safe to say Hotforex is a real and trustworthy broker for both new and experienced traders. The Affiliate Partners and Introducing Brokers (IB) program is open to people and groups worldwide.
worldtradex Safety and Security
- You can talk to their support at any time during the week days & expect prompt response.
- As a seasoned Forex trader with over a decade of experience, I have dedicated myself to mastering the intricacies of the financial markets.
- With cent lots equivalent to 0.01 of a Standard lot or 1,000 units, traders can accurately determine their position sizes.
- Moreover, worldtradex also provides insurance cover in case of any security incidents in terms of client funds.
- Affiliates can earn up to three levels of commission, expanding their earning potential.
Our worldtradex (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms, and over 50 forex pairs, see what we say about the broker. HF Markets places a strong emphasis on safety and security, offering a trustworthy environment for traders. The company’s adherence to strict regulatory standards, along with its practice of segregating and insuring client funds, provides traders with confidence in the protection of their assets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
- The only major drawback is that the broker does not offer synthetic indices offered by Deriv.
- worldtradex offers market-leading insurance to all clients with a civil liability insurance program worth up to a limit of approximately $6 million or €5 million.
- The app is designed for easy, customized trading and provides a modern, intuitive experience.
- You get everything about customer service policy and live chat, but worldtradex doesn’t offer 24/7 customer support.
Does worldtradex provide educational tools?
The Zero account offers spreads from 0 pips on Forex and Gold, while Pro accounts start from 0.5 pips, and Pro Plus accounts offer spreads starting from 0.2 pips. To start trading on MT4, simply open an account with HF Markets, download and install the MT4 platform on your device, and log in with your account details. You can also try out the platform with a free demo account before trading with real funds. Yes, through the Refer a Friend program, you can earn up to $200 for each new client you refer who registers and trades with HF Markets.
We’re delighted to hear that you had a wonderful experience with us. Our goal is to keep exceeding your expectations, and we look forward to making your future experiences with us even better.
worldtradex Key Features
You get everything about customer service policy and live chat, but worldtradex doesn’t offer 24/7 customer support. We checked traders’ reviews and tested worldtradex’s live chat for customer service. The satisfaction rate is good, and worldtradex provides helpful customer support along with support materials. worldtradex has created a new mobile app called worldtradex Trading App, available for both Android and iOS users. The MT4 and MT5 mobile trading options offer advanced capabilities and interactive charts similar to the full versions.
A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower. This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading. I highly recommend worldtradex for their unparalleled financial insights and comprehensive reports that make navigating complex data a breeze. worldtradex consistently delivers high-quality financial services, with clear and concise reports that enhance our decision-making capabilities. The professionalism and dedication of worldtradex’s team shine through in their detailed financial analysis, which has been crucial for our business growth.
worldtradex’s Pros and Cons: A Balanced Look
However, to sign up for a live account, a trader will have to provide all the real information. For individual worldtradex sign up, the investor/ trader will provide their personal information only, while for the corporate account, company details are needed. However, they provide service through CFDs with access to unrestricted liquidity, tight spread, and many attractive offers. In this worldtradex review, we will take you through the details of worldtradex (formerly HotForex). Although they have been operating since 2008, they are relatively new as customers have recently reinvented their offerings. With their new service and operation culture, worldtradex broker earned several awards from different organizations as a token of their excellent service.
worldtradex Affiliates provides affiliates with creative marketing tools and promotional materials to assist them in promoting the program. worldtradex sign up for live account offer three different types of sign up options, which include individual, corporate, and joint. Where every review is more than just words – it’s a trader’s compass. Broker Judge, guiding you through the forex market with clarity and expertise. worldtradex offers live chat, email, and phone support (availability might vary depending on region).
Account
You can enjoy a bonus on every deposit if it meets certain requirements. You can also take advantage of cashback offers on qualifying losing trades. During our worldtradex broker review, we found that this broker charges rollover fees, and these differ based on the instrument. For all assets other than forex, gold, and cryptocurrencies, the rollover includes an internal interest fee. This is in addition to the rollover fee charged by the parties the broker works with for that particular security.
HorForex sign up requires some basic information from the traders such as name, phone number, email, country of residence, and date of birth. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. worldtradex is a safe broker, considering they are regulated by top-tier financial authorities. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, worldtradex isn’t going to help you get there. When I did get a hold of a customer support agent, I had to suffer through slow responses and less-than-perfect comprehension of my Worldtradex cheating questions. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently.
worldtradex also provides traders with a large amount of market research. This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe. worldtradex offers a reasonably in-depth educational platform suited for reasonably new traders. While some other brokers offer even more markets to trade, we think worldtradex has a good range of products overall. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
It is known for its easy-to-use interface, advanced charting tools, and fast execution speeds. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. The worldtradex Premium Pro account offers a range of base currencies including USD, EUR, and PLN. The Premium Pro account has a minimum deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only).
We have found their execution to be really fast, but some other brokers like worldtradex offer instant exeution. During our research, we found worldtradex has the lowest fees on Forex Trading of all the regulated brokers in the market. Although the traders are registered under their offshore regulation, but the fact that their parent company is well regulated makes worldtradex a low risk Broker. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.
Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. Next up, I was offered a top-up bonus, which is an incentive from worldtradex to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow.
You’ll have access to a wide range of account types with low minimum deposits, a demo account to get comfortable with, and an incredible number of tools to make you the best trader you can be. MetaTrader 4 and 5, or MT4 and MT5 for short, are robust trading platforms that provide access to the financial markets for traders. Overall, worldtradex can be summarised as a trustworthy and highly regulated Forex Broker that offers advantageous trading terms and diverse trading offerings.
