We rated the choice of learning styles, including live webinars, daily market analysis, and e-books, even if the quality of the content doesn’t compete with the likes of CMC Markets and Pepperstone. No, worldtradex is a fully regulated and legit broker that has been in existence since 2010 and they have over 3,5 million happy customers globally. You can get in touch with them immediately via live chat, which is available around the clock and in multiple languages. They also offer phone and email support in English, as well as eight other languages. Our worldtradex broker review team was pleased to see that there is a healthy variety of instruments to choose from. From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options.
worldtradex (Formerly HotForex) Charts and Analysis
Over the years, I’ve tested many brokers — and while others offer courses and content, worldtradex’s consistency, accessibility, and regional focus (especially in Africa) really stand out. It’s no wonder they’re one of the continent’s biggest names when it comes to forex education. This is the most aggressive promo they run — deposit $250 or more and they’ll match it dollar for dollar. His one is built for bonus hunters or anyone trying to grow a small deposit fast.
It supports popular trading platforms and tools such as MT4, MT5, and WebTrader. worldtradex stands out as a highly reputable and well-rounded online broker, offering a comprehensive and user-friendly trading experience. Its diverse range of trading instruments, competitive trading conditions across various account types, and robust regulatory oversight make it an attractive choice for traders of all levels. For new traders, this demo account allows them to experience online trading in a risk-free virtual environment. This helps them understand the platform and market dynamics without committing real capital. For experienced traders, it provides a virtual space to test and refine trading strategies under real market conditions before implementing them in live trading.
- And yes — you can use bots.I’ve personally used this contest to test out my high-frequency, high-risk bots in a live-like environment.
- Only the Zero Spread account charges commissions, and it’s minimal — around $0.03 per 1K lot, which is cheaper than what I’ve seen with some “raw spread” brokers.
- The live chat feature turned out to be the fastest during our testing; representatives usually answered in one to two minutes.
- Enjoy daily payouts with no earning limits, maximizing your income potential through the affiliate program.
- We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across.
reviews for worldtradex Review 2025: Is HotForex (worldtradex) Legit or a Scam?
Our worldtradex broker review team was impressed to see that this online trading broker offers fair minimum deposits across each of their account types. This shows that they are dedicated to client flexibility and gives you a comfortable point of entry regardless of your trading requirements. The broker provides an extensive library of educational videos that cater to both beginners and experienced traders.
worldtradex has built one of the most practical trading libraries out there — packed with ebooks and guides for every level. Whether you’re trying to understand candlestick patterns or diving deep into risk management, there’s a resource for it. From market breakdowns to strategy tips, these webinars are run by actual pros who explain things clearly, not just reciting textbook fluff. I still use it for a few strategies, but personally, I’ve moved on to MT5 for the added flexibility and broader instrument coverage. If you’re just starting out or running an old EA, MT4 could still be your go-to.
Hotforex (worldtradex) Demo Account
You can see a complete list of the educational material offered by Hotforex here. If you want an outstanding trading experience, sign up with this highly recommended and trusted forex broker today. The only major drawback is that the broker does not offer synthetic indices offered by Deriv.
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- This is the most aggressive promo they run — deposit $250 or more and they’ll match it dollar for dollar.
- worldtradex as a Forex and CFD Trading provider delivers an excellent quality trading environment good for Forex Trading and some Instruments from popular Asset groups.
- In summary, worldtradex is advised for Traders looking for stability of operation, proven timely platforms with no restriction on strategies and traders in need of lower spreads once trading size grows.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
This is in addition to the rollover fee charged by the parties the broker works with for that particular security. For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment. Our worldtradex reviewers were impressed by the broker’s social trading offering as compared to other brokers offering the same service. If you’re new to forex trading, our broker review team would recommend opting for the worldtradex Micro account. Alternatively, you can open a zero spread account with a minimum deposit of $200, or a Premium Pro account with $500. Here, new joiners can get a feel of a real trading account without the usual risks involved in being an owner of a paid or live account.
worldtradex Welcome Bonus – 2 Offers and their T&C
So yeah — it’s a cool promotion if you’re already a high-frequency or bot trader. In this section, I’ll walk you through everything you need to know — from available deposit methods to how long it takes, fees (if any), and my own experience funding my account. You do need at least $100 to open it, and unlike the other accounts, there’s no swap-free option.
worldtradex offers podcasts featuring insightful discussions on various trading topics, including market trends, technical analysis, trading psychology, and much more. These podcasts are a valuable resource for traders who want to stay updated with the latest market news and insights while on-the-go. By listening to these podcasts, traders can gain a deeper understanding of the financial markets, learn from experts, and discover new strategies to improve their trading performance. HF Markets offers a series of training course videos that delve into various trading topics and strategies. These videos cover basic terms, beginners’ courses, trading tools, MetaTrader tutorials, trading strategies, and commodities and futures contracts. By offering practical guidance and in-depth knowledge on these subjects, these videos help traders maximize their profits and minimize losses in the market.
You don’t need to repeat the signup steps — the process is nearly identical to opening a real account. I only recommend PAMM if you’re already managing money or want hands-off exposure to someone else’s strategy. It’s less flexible than copy trading but still works for certain setups. Spreads are slightly wider — starting from 1.4 pips — so I wouldn’t use it for scalping. But if your goal is to survive early stages and stretch your margin, the extra promo cash makes a difference.
Can I trade on both MT4 and MT5 at the same time?
In contrast, the Silver plan costs $50 a month and features 2 virtual CPUs, 4,096 MBs of RAM, and 50 GB of SSD Storage. Traders can get this plan for free if they have a net deposit of $8,000 within the last 30 days and at least 8 standard lots traded within the past calendar month. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Should you need any additional support or have further inquiries, please feel free to reach out to us anytime.
Yes, an inactivity fee of $5 per month applies after 6 months of no trading activity. worldtradex withdrawal processing times range from instant to 1 business day, depending https://worldtradex.blog/ on the method used. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
You earn a management fee based on your performance — or join as an investor and let a pro trade on Worldtradex reviews your behalf. Your balance shows in cents (so $10 shows as 1,000), which tricks your brain into relaxing. You can open trades as small as 0.01 cent lots, making it perfect for practicing risk management or stress-testing new strategies in live conditions.
Whether urgent or routine, traders can expect prompt and reliable responses across all support channels. worldtradex’s award-winning mobile trading app delivers a seamless, feature-rich experience for traders at every level. With real-time quotes, advanced tools, and secure account management, the worldtradex App transforms your smartphone into a full-scale trading command center. The live chat feature turned out to be the fastest during our testing; representatives usually answered in one to two minutes. The delegates were informed and able to succinctly and effectively address inquiries on account setup, platform features, and fee policies.