World Forex Review

Why choose World Forex

Offers a wide range of trading instruments, including cryptocurrencies.

Pros

  • Diverse range of tradable instruments.
  • Multiple account types.

Cons

  • Limited regulatory oversight; primarily focuses on forex and CFDs.
World Forex

World Forex

Fee Level:

Medium

Inactivity Fee:

None

Index CFD Fee:

None

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Compensation schemes vary by jurisdiction.

Visit World Forex

Provides a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees.
  • Competitive spreads across various instruments.

Cons

  • Limited regulatory oversight; primarily focuses on forex and CFDs.

Regulated by SVGFSA; segregates client funds and offers negative balance protection.

Pros

  • Strong security measures, including SSL encryption and segregated client funds.

Cons

  • Regulated by the Vanuatu Financial Services Commission (VFSC), which does not offer strong investor protection​

World Forex supports bank transfers, cards, Skrill, Neteller, and crypto payments. Deposits are instant, withdrawals processed within 24–48 hours. Some withdrawal fees apply for international transfers.

Pros

  • Supports crypto payments, instant deposits, diverse payment methods.

Cons

  • Supports crypto payments, instant deposits, diverse payment methods.

World Forex offers a simple web-based registration, with account activation within 1–2 business days.

Pros

  • Fast onboarding with multi-currency account options.

Cons

  • Fast onboarding with multi-currency account options.

World Forex provides a proprietary mobile app that enables traders to access their accounts, execute trades, and monitor market movements. The app is designed for ease of use, catering to traders who require mobility.

Pros

  • Intuitive design, essential trading functionalities, account management on the go.

Cons

  • Lacks some advanced features and tools available on desktop platforms.

World Forex offers the MetaTrader 4 (MT4) desktop platform, a widely recognized platform in the trading community. MT4 provides robust charting tools, multiple order types, and supports automated trading through Expert Advisors (EAs).

Pros

  • Comprehensive charting capabilities, support for automated strategies, user-friendly interface.

Cons

  • Interface may appear dated compared to newer platforms.

World Forex offers a range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. While the selection covers major asset classes, the depth and variety within each class may be more limited compared to larger brokers.

Is World Forex a regulated broker?

World Forex is a brand owned by Existrade LTD, registered in Saint Vincent and the Grenadines (Company number 24441 BC 2018). Additionally, Exispro LTD, associated with World Forex, is registered in Saint Lucia (Registration number 2023-00137). However, it's important to note that these registrations do not equate to regulation by major financial authorities.

What is the minimum deposit required to open an account with World Forex?

The minimum deposit varies depending on the account type. For a W-CENT Account, you can start trading with a deposit as low as $1, making it ideal for beginners to test their strategies with minimal financial risk.

What trading platforms are available at World Forex?

World Forex offers the MetaTrader 4 (MT4) platform, known for its comprehensive functionality, advanced technical analysis tools, flexible trading system, and support for algorithmic trading and trading advisors. MT4 is available for various operating systems, including Windows, macOS, Android, iOS, and Linux.