In 2007, World Forex, an online retail broker, was launched in Kingstown, Saint Vincent and the Grenadines. The broker is bent on offering seamless access to various financial instruments across different asset classes, forex, indices, commodities, stocks, and cryptocurrencies. All trades are carried out using the MT4 and MT5 trading platforms, which are the choicest trading platforms in the industry. Their clients are provided a range of favorable trading conditions, such as tight spreads, multiple account types, leverage of up to 1:1000, and more. The minimum deposit required to start trading is $1.
World Forex Review Introduction
In this World Forex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including World Forex.
World Forex Platforms & Tools
World Forex allows traders to buy and sell various financial assets using the MT4 and MT5 trading platforms. These are advanced trading platforms that were developed by the Russian software company known as MetaQuotes. The MT4 trading platform is packed with advanced trading tools and offers unhindered access to various financial markets, while the MT5, which was developed to succeed the MT4, has even more trading tools and capabilities, including nine chart types and 21 timeframes. MT5 is a more advanced multi-asset platform for trading currencies, metals, stock exchange instruments, and hundreds of other derivative assets. The Mt4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS mobile devices.
To ensure that traders get the most out of their trades, the broker provides traders with various standalone trading tools, including Autotrade, VPS Server, Trading Calculator, and more.
World Forex Research & Education
There is a good selection on the website; they are designed to help traders make informed trading decisions. These educational resources include the following: learning articles, trading guides, market reviews, trading sessions, a knowledge base, a glossary, and company news that keeps traders in the know of the latest happenings in the financial markets.
World Forex Trading Accounts
The following trading account options are available at World Forex: W-Cent Fix, W-Cent, W-Profi Fix, W-Profi, W-Crypto, and W-Digital Accounts. The minimum deposit to start trading is $1.
World Forex Account Funding
World forex accepts credit/debit cards, online payments processors, and bank wire transfers for account deposits and withdrawals.
Some payment methods may be unavailable in specific countries, and the time taken to process transactions may vary depending on the payment method in use.
World Forex Customer Service
There is a knowledgeable client support team on the broker’s website to help traders with any assistance they may need. The support team is always available and can be reached via telephone, email, Live Chat, or by visiting their physical offices in Vanuatu and Saint Vincent, and the Grenadines.
World Forex Regulation
World Forex is a trading name of Existrade limited, an international broker regulated by the International Financial Commission FSA (Financial Services Authority – St. Vincent & the Grenadines) that ensures the company’s services transparency and conformity to international standards. (Registration number: 24441 IBC 2018).
Existrade Limited Company is also registered in Vanuatu jurisdiction and regulated by Vanuatu Financial Services Commission (VFSC). (Registration number: 300236).
World Forex Review Summary
With its offices in Vanuatu and Saint Vincent and the Grenadines, World Fore is an online retail broker that ensures the ease of trading multiple financial instruments. They provide traders with the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. The minimum deposit required to start trading is $1, and leverage of up to 1:1000 is available. The VFSC and SVGFSA regulate the broker.
It is worth mentioning that some of the trading products and services in this World Forex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the World Forex broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.