World Forex Review 2024 (Expert Review)
World Forex Review Summary
World Forex was founded in 2007, and has since grown to serve traders from over 50 different countries. It offers low trading fees and leverage in spot forex trading, and offers mobile apps that make it easier than ever to trade with your phone. This forex broker also offers a wide range of currency pairs and educational tools. If you are new to the currency trading market, you may be wondering whether World Forex is the right choice for you. It offers a range of trading tools for both experienced and novice traders. It offers a demo account, a web platform, and a mobile app. It also provides access to MetaTrader4 and ProRealTime platforms. Its trading systems offer a wide range of charting capabilities.
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World Forex Platform Features
| ๐บ๏ธ Country of regulation | Vanuatu Financial Services Commission (VFSC) |
| ๐ฐ Trading fees | No |
| ๐ฐ Inactivity fee | No |
| ๐ฐ Withdrawal fee | No |
| ๐ฐ Minimum deposit | 100 |
| ๐ Time to open a World Forex account | 1-3 Days. *A World Forex demo account can be opened in a few minutes, but live World Forex trading account creation times will vary depending on how long it takes to process your World Forex KYC documents. |
| ๐ณ Wire Transfer | No |
| ๐ Depositing with electronic wallet | No |
| ๐ฑ Number of base currencies supported | 1 |
| ๐ฎ Demo account provided | Yes |
| ๐๏ธ Financial Instruments offered | Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs |
World Forex review
World Forex Financial Regulation
World Forex is regulated by Vanuatu Financial Services Commission (VFSC).
World Forex review
World Forex Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using World Forex include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using World Forex can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
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World Forex Advantages
One of the main advantages of using World Forex is around the clock service and support as well as research offerings. Not only this, but World Forex has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of World Forex with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with World Forex makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. World Forex offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- World Forex has been in business over 10 years.
- World Forex offers Cryptocurrency Trading (Availability subject to regulation).
- World Forexoffers Islamic Accounts.
- World Forex offers ECN trading.
- World Forex offers Bitcoin Trading.
- World Forex offers a Apple Mac desktop trading platform.
- World Forex offers Spread Betting.
- World Forex offers Scalping.
- World Forex offers mobile trading applications.
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World Forex Disadvantages
Although World Forex has a lot of good points World Forex does not offer the below.
- World Forex does not offer Stock Trading (See World Forex alternatives who offer Stock Trading here)
- World Forex does not offer PayPal as a payment method (See World Forex alternatives who offer PayPal as a payment method here)
- World Forex does not offer Neteller as a payment method (See World Forex alternatives who Neteller as a payment method here)
- World Forex does not offer Skrill as a payment method (See World Forex alternatives who offer Skrill as a payment method here)
- World Forex does not offer the MetaTrader 4 platform (See World Forex alternatives who offer the MetaTrader 4 platform here)
- World Forex does not offer the MetaTrader 5 platform (See World Forex alternatives who offer the MetaTrader 5 platform here)
- World Forex does not offer the cTrader platform (See World Forex alternatives who offer the cTrader platform here)
- World Forex does not offer Hedging (See World Forex alternatives who offer Hedging here)
- World Forex does not offer mobile trading applications (See World Forex alternatives who offer mobile trading apps here)
- World Forex has inactivity fees (See World Forex alternatives who do not have inactivity fees here)
Risk Warning: Your capital is at risk.
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Things to understand when trading with World Forex
Online trading on trading platforms like World Forex have seen huge growth in the last 3 years. Trading with World Forex requires that you take the time to learn how financial markets work and are able to trade with World Forex using in depth technical analysis and World Forex risk management trading tools. Trading with World Forex involves risk. You should only risk capital with World Forex that you can afford to lose. Understand your risk tolerance with World Forex, and have a trading strategy that World Forex is able to help you execute. World Forex is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments World Forex give you access too.
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World Forex Trading Fees
Trading fees on World Forex are taken in the form of the spreads World Forex offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on World Forex. World Forex fees vary depending on the financial instruments traded and can include, World Forex overnight funding fees, spreads, margins and World Forex inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your World Forex account charged by your 3rd party payment provider if your World Forex base currency is different from your World Forex withdrawal method.
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| Name | World Forex | IC Markets | Roboforex |
| Account Fees | No | No | |
| Withdrawal Fees | $20 | No | Yes |
| Deposit Fees | No | ||
| Inactivity Fee | No | No | |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex review
World Forex Financial Instrument Fees
World Forex fees for Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs are listed below.
World Forex review
World Forex Stock Trading Fees
The majority of World Forex trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A World Forex stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
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World Forex Forex Fees
Commission on World Forex Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for World Forex Forex fees is based on their trade size. To calculate World Forex Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
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World Forex Cryptocurrency Fees
Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. World Forex cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. World Forex cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).
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World Forex Non Trading Fees
World Forex non-trading fees include a variety of World Forex brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the World Forex trading platform. The most common non-trading fees include World Forex withdrawal fees, World Forex deposit fees and World Forex inactivity fees.
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World Forex Deposit Fees
World Forex does charge deposit fees in some cases. When funding your World Forex account there may be some World Forex deposit fees which will vary depending on the payment method you use to deposit to your live World Forex trading account.
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World Forex Inactivity Fees
World Forex does charge clients an inactivity fees for dormant World Forex trading accounts. A World Forex inactivity fee is a sum charged on World Forex brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
World Forex review
World Forex Withdrawal Fees
World Forex does charge World Forex clients small withdrawal fees. Withdrawals fees vary between World Forex and World Forex alternatives depending on where you are located and how much money you are withdrawing.
World Forex review
World Forex Account Fees
World Forex does not charge account fees. Account fees charged differ between World Forex and other brokers. An account is a fee that World Forex and other brokers assesses on all accounts for the ability to keep an account on their platform.
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World Forex Account Opening
The World Forex account registration process is simple, user-friendly, and quick. Within 1-3 Days most World Forex trading accounts are ready for live trades. Our World Forex account was validated in 1 day, but live World Forex trading account verification times will vary depending on the time it takes to process your KYC documents and World Forex trading account application. A World Forex demo account can be opened in a few minutes.
World Forex trading accounts are available in over 194 countries. World Forex is restricted in the following countries.
Apart from the restricted countries a World Forex trading account can be opened globally.
The World Forex trading platform is available for residents in US. Some financial instruments World Forex offer may be restricted in your country.
- Fast World Forex account opening.
- World Forex accounts can be opened and KYC can be verified digitally.
- World Forex minimum deposit is 100 USD / GBP / EURO.
- World Forex trading account verification may be held up for longer than a day if there is an issue with verifying your account.
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World Forex Deposit And Withdrawal
World Forex Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
GBP, USD, EURO are supported by World Forex as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
World Forex offers the following account GBP, USD, EURO.
When trading make sure your World Forex trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. World Forex has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
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| Name | World Forex | IC Markets | Roboforex |
| Number Of Currencies | Yes | 10 | 4 |
| Base Currencies | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU | |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex review
World Forex Deposit Fees and Deposit Methods
Investors can log in to their World Forex trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their World Forex trading accounts from an existing bank account or send the funds through a wire transfer or online check.
World Forex Deposit Fees
Making a deposit on your World Forex account is free.
World Forex Deposit Methods
There are several methods through which you can deposit money into your World Forex account. One can use a credit or debit card and World Forex accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your World Forex account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your World Forex account. Funding methods for World Forex include Bank cards, Internet banking, WebMoney, Yandex, Money, QIWI, PAYEER, Perfect Money, ADVCash, Bitcoin, Dash, Google Pay, Bank Wire transfer,.
World Forex review
World Forex Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your World Forex brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open World Forex positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your World Forex account.
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| Name | World Forex | IC Markets | Roboforex |
| Funding Methods | Bank cards, Internet banking, WebMoney, Yandex, Money, QIWI, PAYEER, Perfect Money, ADVCash, Bitcoin, Dash, Google Pay, Bank Wire transfer, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
| Withdrawal Fee | $20 | No | Yes |
| Deposit Fee | Varies | No | |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex Fees When Withdrawing Your Account Balance
World Forex do not charge withdrawal fees. Some withdrawal fees are out of the control of World Forex and may be due to 3rd party payment providers and your account base currency.
World Forex Withdrawal Methods
Log into your World Forex trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your World Forex account to your bank account. To withdraw money from your World Forex account you can use credit or debit cards. World Forex processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as World Forex processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
World Forex review
World Forex Trading Platforms
As there are a number of tradable financial instruments available on the World Forex trading platform. Before investing in the World Forex platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The World Forex platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. World Forex offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on World Forex is available. Another thing to consider is your financial goals. Make sure that a World Forex account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a World Forex account. Ensure that World Forex allows you to focus on the type of trading that you want to focus on.
Make sure World Forex is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using World Forex, think about how easy it is to use for your personal needs. Does the World Forex platform offer real-time updates or delayed updates that are more informed? Remember to check if World Forex is well regulated, and what tradeable financial instruments World Forex has. Security is very important when it comes to trading with World Forex.
World Forex Web Trading Platform
A World Forex web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through World Forex which acts as a financial intermediary. World Forex is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the World Forex mobile trading platform.
World Forex Apple IOS Trading Platform
A World Forex iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
World Forex Google Play Android Trading Platform
A World Forex Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
World Forex review
World Forex Mobile Trading User Experience
World Forex mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. World Forex mobile trading refers to trading using a mobile phone.
Leading brokerages like World Forex offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire World Forex portfolio. All an investor needs is a Web-enabled smartphone and a trading account with World Forex. Once you have download the World Forex trading app, you are ready to begin.
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World Forex Desktop Computer Trading Platform
A World Forex computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The World Forex desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The World Forex desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
World Forex PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using World Forex. A trading computer with access to a World Forex PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
World Forex Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the World Forex trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the World Forex trading platform is very user friendly on a Mac device.
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World Forex Trading Look And Feel
The World Forex user interface (UI) is what World Forex traders will see and interact with first when trading with the World Forex trading platform. The World Forex is well designed. The goal of the World Forex trading UI is to make the World Forex user's experience intuitive. The World Forex application has good user experience and a good level of customer satisfaction.
World Forex Security
World Forex is a secure trading platform. World Forex offers traders security via 2 factor authentication, SSL encription when trading with World Forex. World Forex trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with World Forex. Rate limitation on World Forex suspicious account activities is another layer of protection that is provided for World Forex trading accounts, for example multiple failed login attempts with World Forex. You have the option to further safeguard your account by using World Forex Two-Factor Authentication (2FA), which provides an extra layer of security.
The World Forex trading infrastructure is constantly watched and guarded by a trained team at World Forex In addition, World Forex never send sensitive information without first encrypting on the World Forex trading platform using transport layer security (TLS) and SSL.
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Placing A Buy Or Sell Order On World Forex
Available World Forex order types. # market, limit, stop, stop limit, Good until end of day / canceled.
World Forex Market Order
A World Forex market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. World Forex market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. World Forex market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
World Forex Limit Order
A World Forex limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
World Forex Stop Order
A World Forex stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
World Forex Stop Limit Order
A World Forex stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The World Forex stop-limit order triggers a limit order when a stock price hits the stop level. A World Forex stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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World Forex Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
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World Forex Trading Platform Features
Online trading platforms like World Forex are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with World Forex. The World Forex trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using World Forex.
World Forex Margin Trading
World Forex margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, World Forex margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
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World Forex Account Types
World Forex Demo Account
World Forex offers demo accounts that gives traders the ability to purchase and sell World Forex financial instruments in a practice environment, using fake World Forex digital money and live market conditions and data. When you practise on a World Forex demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the World Forex platform. World Forex demo accounts allow you to experience and practice a variety of market charts, World Forex trading indicators, and trading strategies using World Forex.
World Forex Standard Account
World Forex offers a standard trading account, allowing World Forex traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich World Forex trading platform.
World Forex STP Account
World Forex STP (Straight Through Processing) account is a World Forex trading feature that involves sending World Forex client orders directly to the market without passing them through a dealing desk. A World Forex STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.
World Forex ECN Account
A World Forex ECN (Electronic Communications Network) account is a pure order-matching execution system, where World Forex, as a provider, charges a commission per World Forex trade instead of inflating the spread, occurring more naturally within the World Forex order-matching process. A World Forex ECN is a financial intermediary that uses electronic communications networks to give World Forex clients direct access to other participants in equity and currency markets. As an ECN broker, World Forex only matches World Forex trades between other market participants; it cannot trade against the World Forex client.
World Forex Islamic Accounts
World Forex islamic accounts respect Islamic finance law. World Forex swap free accounts do not accumilate interest and World Forex transactions are actioned immediately. A World Forex Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using World Forex following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with World Forex Islamic accounts do not pay or receive interest rates.
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World Forex Tradable Financial Instruments
World Forex tradable financial instruments are the financial instruments that are specifically available to trade on the World Forex trading platform. This refers to the different types of financial markets you can trade with through World Forex. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on World Forex.
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| Name | World Forex | IC Markets | Roboforex |
| CFD Trading | Yes | Yes | Yes |
| Stock Markets | No | 2100 | 53 |
| ETFs | No | ||
| Fractional Shares | No | Yes | |
| Cryptocurrencies | Yes | Yes | No |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex review
World Forex Trading Stocks
Stock trading with World Forex is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with World Forex; if you possess the stock on World Forex, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on World Forex involves purchasing and selling stocks and share using World Forex periodically in order to time trades against the stock markets, with the aim of using World Forex to profit from your stock trading. World Forex stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on World Forex. Stock traders on World Forex conduct significant study, frequently dedicating several hours every day to market monitoring using World Forex trading tools.
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World Forex Trading ETFs
What Are ETFs
World Forex does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
World Forex does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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World Forex Trading Cryptocurrencies
World Forex offers cryptocurrency trading.
Cryptocurrency trading can be conducted using World Forex to buy and sell the cryptocurrency financial instruments on World Forex. Cryptocurrency trading can also be done using a cryptocurency CFD World Forex trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using World Forex. A CFD is a high risk leveraged trade between the trader and the World Forex brokerage. No underlying assets are exchanged with a World Forex CFD contract, it is purely speculation on the crypto financial instruments price movements with World Forex. World Forex CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if World Forex CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with World Forex. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with World Forex.
Cryptocurrency trading is not offered by World Forex, so you will need to find a World Forex alternative that allows you to buy and sell the underlying cryptocurrency assets. World Forex CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a World Forex alternative and make sure you undertand the risks fully before trading.
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World Forex Forex Trading
Forex trading with World Forex is a method through which to invest money which involves trading one currency for another in a Forex currency pair with World Forex. The main aim of World Forex Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with World Forex. As a World Forex Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like World Forex. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like World Forex. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on World Forex.
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World Forex Commodities Trading
Commodity trading is a type of trading available on World Forex where individuals or businesses buy and sell financial instruments using World Forex related to commodities, such as metals or oil.
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World Forex Options Trading
World Forex options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. World Forex option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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World Forex Futures Trading
Futures trading with World Forex is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using World Forex to facilitate the trade. A World Forex futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on World Forex. Typically, futures contracts are traded on an exchange such as World Forex; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling World Forex trader to the contract agrees to provide it.
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World Forex Bonds Trading
Bonds trading on World Forex is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the World Forex trader. Bonds can be bought and sold on World Forex after they are issued. While some bonds are traded publicly through World Forex, most trade over-the-counter between large broker-dealers like World Forex acting on their clients' or their own behalf. Yield is therefore based on the World Forex purchase price of the bond as well as the coupon.
World Forex CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
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| Name | World Forex | IC Markets | Roboforex |
| Forex CFD | 61 | 35 | |
| Index CFD | 25 | 30 | |
| Stock CFD | 110 | 8400 | |
| ETF CFD | 30 | 50 | |
| Commodity CFD | 20 | 20 | |
| Crypto CFD | Yes | Yes | No |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex review
World Forex Trading Research Tools
Taking advantage of World Forex trading research tools which are designed to help traders analyse potential investments using the World Forex trading platform. Some World Forex research tools include charts, technical analysis, and World Forex trading indicators.
World Forex Trading News
Traders can follow the markets and make wise investment decisions on World Forex by using the news to help form a strategy when it comes to choosing investments. A World Forex news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
World Forex Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A World Forex economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
World Forex Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. World Forex fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
World Forex Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on World Forex are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
World Forex portfolios
Trading portfolios are useful when trading with World Forex.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A World Forex trading portfolio is a traders collection of investments, which may include a variety of World Forex financial instruments.
World Forex review
World Forex Payment Methods
A World Forex payment method is required to fund your World Forex trading account before placing a buy or sell order on a financial instrument.
When trading with World Forex, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that World Forex do not have any control over.
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| Name | World Forex | IC Markets | Roboforex |
| Payment Methods | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money | |
| riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
World Forex review
World Forex Withdrawl Methods
When trading with World Forex at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your World Forex account balance. World Forex may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your World Forex account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
World Forex Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your World Forex account.
Withdrawal requests can take up to three business days to be processed by World Forex.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your World Forex should arrive in less than 24 hours.
World Forex review
World Forex Customer Support
Customer support represents the resources within the World Forex company that provides technical assistance to its customers after they use the World Forex service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
World Forex offer email, livechat, phone, customer support.
World Forex Email Support
World Forex offers email support.
Email support is a a convenient method of World Forex customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from World Forex regarding your support request.
World Forex Livechat Support
World Forex offers livechat support.
World Forex live chat support is a way for customers to obtain help from World Forex through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
World Forex Telephone Support
World Forex offers telephone support.
World Forex telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the World Forex call centre to give or take information.
World Forex review
World Forex Educational Resources
World Forex educational resources are used throughout the World Forex learning environment to help and assist with customer's development and learning of trading on World Forex. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using World Forex trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.
World Forex Trading Platform Tutorials
World Forex offer a range of learning resources and tutorials and guides made available to registered World Forex users. The World Forex guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate World Forex users on basic trading principles.
World Forex Trading Videos
World Forex offer a selection of online trading videos.
Trading videos on World Forex help new and even more experienced investors gain insights into World Forex technical analysis tools and how the different financial markets work when trading on World Forex.
World Forex trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some World Forex training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using World Forex to trade live financial markets.
World Forex Webinars
World Forex offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of World Forex clients who participate by asking questions, replying to polls, and using other interactive technologies available on the World Forex trading platform.
World Forex review
World Forex Financial Regulation When Trading
Financial regulations on World Forex protect consumers' investments. Regulations prevent financial fraud and limit the risks that World Forex as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. World Forex financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is World Forex Regulated?
World Forex is regulated by Vanuatu Financial Services Commission (VFSC).
World Forex is licensed by financial regulators in certain jurisdictions. You can find out if brokers like World Forex are licensed in your country, if they have had run-ins with regulators, or received serious complaints from World Forex investors, directly with financial regulators in your country.
World Forex Regulatory Protection Limits
When registering with World Forex you must check with regulatory body your World Forex trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your World Forex account is over seen by. World Forex client funds are stored in segregated 3rd party bank account in accordance with World Forex financial regulators.
| Client country | Investor protection amount | Regulator |
|---|---|---|
| United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
| EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
| Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
World Forex Trading Signals
World Forex does not offer trading signals in any form.Make sure you understand the risks of trading signals.
How does World Forex make money?
Because World Forex acts as an intermediary, World Forex gets compensated on buy and sell transactions of financial instruments. As a result, World Forex profit is determined by the volume and number of transactions. World Forex earns revenue to fund their World Forex platforms and wide range of trading services through market spreads.
Can you buy shares on World Forex?
World Forex does not provide customers with real company shares trading. World Forex offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and World Forex on the speculative up or down price movement on an agreed stocks price movement.
Does World Forex offer Cryptocurrency?
World Forex does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.
World Forex Lower fees, lower costs?
World Forex have reasonable trading fees and costs. World Forex do not charge a deposit fee. World Forex may charge a withdrawal fee. Some withdrawal fees are out of the control of World Forex and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
World Forex minimum deposit is 100 USD / GBP / EUR.
How to start your World Forex account?
You can sign up for a live or demo World Forex trading account by visiting World Forex and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an World Forex account here.
How's the World Forex trading app?
World Forex allow traders to trade financial markets on World Forex does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.
You can tryout the World Forex trading app here. Your capital is at risk
Is the quality of World Forex customer service satisfactory?
World Forex have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
World Forex is a good trading platform for new traders as World Forex offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from World Forex?
World Forex offer a good selection of withdrawal options. Once World Forex have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best World Forex Alternatives Reviews
If World Forex isnt quite what you are looking for you can check out some of the best World Forex alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best World Forex Alternatives In Detail
If you would like to see World Forex compared agains some of the best World Forex alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)
Ashly Chole - Senior Finance & Technology Editor