SuperForex is not as well regulated as alternative bonus brokers on this list. The company holds a license with the International Financial Services Commission (IFSC) – which we do not consider a leading financial watchdog. This is a useful feature that we did not find at any other forex broker with bonuses that we tested. We don’t recommend WorldTradex for experienced traders looking for loyalty rewards and cash rebates – this broker does not offer them. WorldTradex will pay out bonus funds within 24 hours of receiving a qualifying deposit, which can be made via multiple zero-free payment methods. The broker’s bonus credit can also be used to speculate on a https://worldtradex.site/ full suite of popular asset classes, including forex, indices, commodities and crypto.

  • WorldTradex occasionally introduces other bonuses and promotions, which have included a $50 WorldTradex no deposit bonus or annual interest on free margin.
  • As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
  • They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
  • Alongside a generous welcome bonus, the brokerage offers great perks for high-volume forex traders.
  • Traders have access to numerous deposit and withdrawal options at WorldTradex.
  • It’s incredibly easy to dive into trading on the MT4 app through an WorldTradex account, with just 3 simple steps.

Is WorldTradex A Regulated Broker?

Webull only accepts traders from a few countries alongside the US, so clients from most other countries should consider alternatives, including those based in the EU. Webull also offers competitive interest on uninvested cash held in its brokerage accounts up to 5%+ APY. Having said that, we note that bonus funds cannot be withdrawn – they can mostly only be used to practice trading on the broker’s 400+ instruments, including 100+ forex assets. Security is a paramount concern for traders, and WorldTradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. However, traders seeking stocks or deep education and market research will need to look elsewhere.

Payment Methods

With no minimum deposit or transfer fees, it is also straightforward to claim a joining bonus and get started. Whilst we don’t consider these major drawbacks as many brokers have balance and volume requirements to access additional trading tools, it is worth noting before you sign up. We recommend Vantage because it is a trustworthy forex and CFD broker that offers attractive bonus deals with transparent terms and conditions. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

Is WorldTradex A Good Broker?

We also don’t recommend the broker for traders in countries where Vantage does not generally offer bonuses, including Australia, Turkey and Thailand. Traders from these countries should consider other brands in this list. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. WorldTradex enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. Still, WorldTradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.

WorldTradex Regulation and Security

This means that clients of WorldTradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. A Trader can deposit up to $2000 USD to earn a deposit of up to R29’500 ZAR. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Investing.co.uk has been helping British traders find the right broker for over 20 years.

Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. WorldTradex occasionally introduces other bonuses and promotions, which have included a $50 WorldTradex no deposit bonus or annual interest on free margin. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. From here, they can offer financial incentives that are not permitted by respected regulators in jurisdictions like Europe, Australia and the UK. The firm also offers excellent variety in its promotions, from welcome deposit bonuses for new clients to a loyalty scheme and free VPS for active traders.

Aside from the WorldTradex sign-up bonus of up to $2000 USD / R29’500 ZAR, no other bonus options are made available at this time. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it. We always recommend you read bonus terms and conditions carefully.

  • With a $0 minimum deposit, no funding fees, and the automatic distribution of credit funds, it is also straightforward to sign up and receive the joining bonus.
  • Security is a paramount concern for traders, and WorldTradex addresses this with a commitment to maintaining a secure trading environment.
  • Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must.
  • As payment options vary from country to country, we suggest creating a free account on WorldTradex.com to see which options are available to you.
  • Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers.
  • Another worthwhile consideration is the minimum qualifying deposit.
  • WorldTradex does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD.

The World Best Trading Account

Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, WorldTradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.