If there is any negative balance from an unsuccessful position, the account is reset back to zero balance. Additionally, worldtradexFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards. To enhance safety, the broker requires identical payment details for both deposits and withdrawals. This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account.
- 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.
- Step 5) Select the account type you want to open (worldtradexTrader or MT5), select Live Account, choose your preferred account currency, set a leverage limit and click ‘Make a deposit into account’.
- This, however, doesn’t mean that all the companies on the lists are frauds or scams.
- To make money, you will need to make profitable trades on the platform.
- worldtradex offers 24/7 customer support options for traders via 2 channels.
The lists simply state that those entities are not licenced in Malaysia. We are constantly improving our product to make your trading experience better. The calculation is based on the maximum margin used by the Master as well as the orders’ lot sizes that the Master places within the last 7 active days.
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. On worldtradex’s website, you can find their execution policy under their ‘customer agreement’ section.
You have no real account to deposit
Furthermore, worldtradexFX employs 3D secure technology for credit and debit card processing, which guarantees the transparency and safety of all Visa transactions. worldtradex also has negative balance protection, low spreads 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. They offer spread-only accounts and offer commission-free trading on all tradable instruments.
If you have funds in your worldtradex trading account already, you can simply do an internal transfer to your CopyTrading wallet. The minimum withdrawal amount on worldtradex is MYR 20 for local bank accounts, $5 for withdrawals to e-wallets, and $20 for cards (Visa). Step 5) Select the account type you want to open (worldtradexTrader or MT5), select Live Account, choose your preferred account currency, set a leverage limit and click ‘Make a deposit into account’.
Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation. If you are found using these strategies, worldtradex might https://worldtradex.site/ 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. The next step is to select a Master Trader whose trade you want to copy from the ranking list.
Swap kosong
The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum. Demo accounts are available for new traders on worldtradex to help them understand the trading platform before they open a live account and put in their money. Note that because the broker is not regulated in Malaysia, trading with them from Malaysia is at your own risk as the foreign regulations customer protection policies may not cover traders based in Malaysia. worldtradex is not regulated in Malaysia, and traders are trading at their own risk. They have low spreads, MetaTrader platform, copytrading & good support. worldtradexFX is an online Forex broker that has been providing access to financial markets worldwide since 2011.
worldtradex Leverage
The customer support of worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory. After https://worldtradex.club/ 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. Note that you need to verify your account before you can initiate withdrawals. The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide.
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. Here is a summary of payment methods accepted by worldtradex for deposits. Find a summary of the deposits/withdrawals options on worldtradex. worldtradex is legit forex broker that is regulated in multiple jurisdictions. Forex trading has become increasingly popular in Malaysia.
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. In terms of regulation, worldtradex is considered a moderate-risk forex & CFD broker for traders based in Malaysia. 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. They support deposits/withdrawals to Malaysian bank accounts, and has 24 hours live chat and email support from Mondays to Sundays.
worldtradex is not regulated in Malaysia & they are not licensed by the SCM. Malaysian traders at worldtradex are registered under offshore regulation, so you are trading at your own risk. Furthermore, worldtradex does not allow the use of arbitrage strategies.
worldtradex provides Market Execution on all trading instruments. This means your orders are transferred to interbank liquidity providers. However, some orders may fail to offset or worldtradex might choose not to upset them. 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.
However, there are several factors that new investors want to be sure of when entering the financial markets, and one of them is the trustworthy broker. Choose from 300+ trading instruments, including shares, commodities, and indices. 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.
