The customer support of Worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory. After every chat and email, the system sends a feedback form, for users to rate the support received with a thumbs-up or thumbs-down, and a space for comments which is optional. Some representatives could not answer some questions and referred us to send an email enquiry instead. Some chat agents declined to answer some questions, claiming they could only give such information to registered Worldtradex traders. On Worldtradex’s website, you can find their execution policy under their ‘customer agreement’ section.

• Social trading programs enable knowledge sharing between traders.
• The customer support of Worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory.
• The MT5 account type offers the widest range of instruments to trade.
• 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.

Traders from Malaysia are registered under ‘Worldtradex Markets Incorporated’, which is registered offshore. Worldtradex also has negative balance protection, low spreads https://worldtradex.club/ and offers commission-free and swap-free trading which will al contribute to lower fees as a beginner. However, it’s important to do your own research and practice with the demo account before trading with real money. Worldtradex is a forex broker that offers competitive spreads, flexible leverage, and copy trading.

Make trading work for you

WorldtradexFX Malaysia continues expanding services and market presence. Strategic partnerships enhance local market penetration and service quality. 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. Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official Worldtradex broker app.

You account will be registered under the broker’s an offshore regulated entity (please note that this is the same for all forex brokers). Worldtradex promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50. The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum.

Fundamental analysts track economic events and their market impact. Research distribution ensures clients receive timely market insights across multiple channels. 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.

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. After choosing a Master Trader, the Copiers are all set to copy their trades and benefit from the expertise of professional traders. The copier does not need to copy the trades manually, it happens automatically. The Copier can choose to copy the Worldtradex scammers Master Traders trade in equal volume or 2 times the volume of the trade or even three times.

Worldtradex Trading Instruments

Join an intenational broker with 12 yearsof experience and 60+ industry awards. Trade with a 100% deposit bonus and get a chanceto win an iPhone 15 Pro, a merch pack and many more.

Worldtradex does not charge any deposit or withdrawal fees which makes it highly attractive to open an account with them. For example, the spreads on DE40 is 2 pips, which is the lowest compared to other CFD brokers. Other brokers charge more than 20 pips on trading DE30 & DE40. Overall, Worldtradex does not charge any hidden fees that we noticed. Plus they have an option to open an Islamic account for Swap Free trading.

Service

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. 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 clients about potential margin calls. Multi-level security protocols safeguard trading operations and client data.

Here is a summary of how the forex broker handles your orders. The webinars have also been structured so that you can learn at your level. There are webinars for all levels of experience and there some for beginners. Note that you need to verify your account before you can initiate withdrawals. Here is a summary of payment methods accepted by Worldtradex for deposits.

Deposit & Withdrawal

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. 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.

• Compared to other CFD brokers, Worldtradex offers a limited number of currency pairs for trading.
• 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.
• Also, note that there are no foreign CFD brokers that are regulated in Malaysia.
• Also, Worldtradex is less well-regulated than comparable brokers and is only regulated by a single Tier – 1 regulator.
• Other brokers charge more than 20 pips on trading DE30 & DE40.

Based on the overall reviews, we have found fewer complaints regarding issues with Worldtradex from traders. This generally means the broker is responsive in handling client issues. 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.

The minimum deposit at Worldtradex Malaysia is $20 with all accounts. The base currency of all types of accounts can be either EUR or USD for all types of accounts for Malaysian traders. Compared to other CFD brokers, Worldtradex offers a limited number of currency pairs for trading. But otherwise, they have wide number of CFD instruments including & 10+ CFDs on commodities, 30 cryptocurrencies, 150+ stock CFDs and 10 indices. Also, note that there are no foreign CFD brokers that are regulated in Malaysia. If you are trading with any foreign forex/CFD broker, you are doing so at your own risk.

How much does it cost to start with Worldtradex?

Read our guides on how you can get started with forex trading. Plus, refer to our broker comparison lists for finding trusted forex brokers. But, many traders will find that the instruments that they offer are quite limited compared to other brokers. Also, Worldtradex is less well-regulated than comparable brokers and is only regulated by a single Tier – 1 regulator.

Their spreads on gold on average are 2.8 pips, which is moderate. The first step to start copy trading is to fund your CopyTrading wallet with a minimum investment sum of $25, some Master Traders require higher minimum investments. If you have funds in your Worldtradex trading account already, you can simply do an internal transfer to your CopyTrading wallet.

Success cases demonstrate effective use of trading tools and resources. Client testimonials highlight platform reliability and support quality. Trading competition winners share their experience and strategies. 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.