worldtradexFX Minimum Deposit Guide, Incl Copy Trading

You can make online transactions through your debit or credit card. The platform also allows https://worldtradex.blog/ you to deposit through Neteller, Skrill, BTC, and wire transfer. worldtradexFX only supports two deposit currencies to fund traders’ accounts.

Initial deposits are not too high and a variety of instruments for trading. The overall trading fees is quite low with all 3 accounts, plus they are also a CYSEC regulated broker. This is a huge advantage and a big reason why brokers like worldtradexFX are able to bring much lower minimum deposits to additional regions than might have been the original target. worldtradex provides an accessible trading environment with a low minimum deposit of just USD 25 for all account types. This allows traders to easily get started and choose an account that fits their needs.

Lowest spreads with low commissions

Apart from these two currencies, no other currency can raise funds. The minimum deposit in a trading broker is one of the conditions that help each broker to specify the portion of the deposit. In the case of many customers, the minimum deposit plays an important role. Ensuring minimum deposit usage before any client uses the broker for the first time.

Traders are also provided with the best value services with the environment including a dynamic trading experience. The following are the minimum deposit methods for an worldtradexFX account. You can deposit an worldtradexFX deposit using any one of the methods from here.

worldtradexFX Payments Processing Times

Clicking it will direct traders to the deposit interface, where they see all available payment processors, potentially this may be restricted by geographic location. Depositing at worldtradex is a simple process, but traders should get verified first, as it is a requirement for withdrawals. Most traders pass regulatory-mandated verification in compliance with AML/KYC stipulations by sending a copy of a government-issued ID and one proof of residency document. Therefore, traders should verify their accounts in compliance with international AML/KYC regulations when they open their worldtradex account. A copy of a government-issued ID and one proof of residency document are needed, which traders may upload via the back office.

• This is a requirement of financial regulators that worldtradexFX are monitored by.
• Apart from these two currencies, no other currency can raise funds.
• Among the financial service providers, there are fraudsters that we promptly report.
• This account offers only a floating spread that begins with 0.2 pips.

The recommended level of minimum deposit with worldtradexFX is $100 but to be clear, this is the brokers’ recommendation and not required to be followed. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. When signing up with worldtradexFX you are required to provide certain personal information, such as your date of birth, proof of ID and address in order to open a worldtradexFX account. This is a requirement of financial regulators that worldtradexFX are monitored by. Typically, you will be required to upload a photo of your identification card to worldtradexFX in order to pass worldtradexFX KYC verification.

Accepts Nigerian Traders

I thrive on translating intricate financial data into accessible insights, making complex topics understandable for both experts and the general public. 👉 However, despite this, worldtradex is regulated by St. Vincent and the Grenadines Financial Services Authority (FSA SVG). worldtradex Markets Cyprus Ltd, which is based in Cyprus, is regulated by CySEC, the Cyprus Securities and Exchange Commission.

worldtradex had to close its UK offices and switch to the CySEC regulator because of Brexit. While you want to deposit the worldtradexFX, you will be allowed to use two currencies. If you belong to a country with any other money, you have to deposit the equivalent of $100 or 100 euros. Yes, worldtradex processes withdrawals instantly or within 30 minutes, depending on the method chosen. Deposit methods may vary depending on the country, but popular ones include Visa, Mastercard, local banks, Skrill, Neteller, Bitcoin, Ethereum, and many more. My name is Bontle Phike, I traded with worldtradexFX I am still waiting for my withdrawal till today.

easyMarkets Broker Min Deposit

Overall, with good support accompanied by low trading fees, abundant tools, worldtradex offers a great trading platform for beginner traders as well as Pros. There are no commissions charged by worldtradex, and there is zero Swap (you don’t pay it nor do you get paid any positive swap). You only pay the variable spreads on every instrument worldtradex has on their trading platforms. There is the similar range of withdrawal methods offered by worldtradexFX as the deposit methods, only the minimum withdrawal is even lower. You can see in the image below that you can effective make a minimum withdrawal with worldtradexFX from $5, and all with commission free processing.

It is great for you at the beginning of the trade that worldtradexFX does not charge any commission for depositing or withdrawing money. worldtradexFX only covers the fees applicable to the payment https://worldtradex.world/ system here, also by paying a much lower fee. There is no limit to the number of deposits on worldtradexFX so this is a great account for traders. worldtradexFX credit card /debit card and e-wallet deposits submitted are very quick.

Step by step guide to depositing the minimum amount

We will break each of these different levels out separately to make identifying your real minimum deposit worldtradexFX will need a little easier. worldtradexFX deposit bonuses are unfortunately unavailable to traders who are based in the EU and trading within this regulatory area. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.

The account types that worldtradexFX offer are called Micro, ECN, and Pro and they can be easily operated in USD or EUR. The minimum deposit worldtradexFX set for each account is consistent across the Micro and ECN, both remaining at $25. When it comes to qualification for the Pro account, you will need to deposit with worldtradexFX minimum of $500. As touched on above, it can be close to impossible to manage your risk effectively and have a reasonable drawdown percentage on your account if the minimum trade size also matches your account balance. This would effectively mean that you are committed to going 100% in on almost every trade until you are able to grow your account.

While account verification for deposits except for bank wires does not require account verification, only verified accounts may request withdrawals. Since the US Dollar accounts for 80% of daily Forex trading volumes, either as a quote or base currency, most traders prefer the US Dollar as their account base currency. It can help lower potential currency conversion fees and increase overall profitability. Another option to decrease currency conversion costs, lower transaction fees, and receive more competitive exchange rates is a multi-currency account either online or via a traditional bank. A multi-currency account is ideal for traders who regularly transact in multiple currencies. If you plan to start trading in a foreign currency account, you must first deposit to earn money.