World Forex Rated 3/5

World Forex Guide - Read our In Depth 2024 World Forex Review

This detailed World Forex review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Learn more about World Forex.

Benefits of Trading with World Forex

World Forex Review 2024 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 10,000 World Forex users and traders
📆 Founded 2008
🌍 HQ Vanuatu
👮‍♂️ Regulation Vanuatu Financial Services Commission (VFSC)
🚫 Excluded Countries World Forex is not available in the following countries :

Open World Forex's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is World Forex?

World Forex are a worldwide financial trading platform and broker. founded in 2008

Over 16 years later World Forex now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

World Forex are a global broker. World Forex have a head office in Vanuatu.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this World Forex review and assess how well the World Forex platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like World Forex. Choosing or shortlisting a trading platform like World Forex can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like World Forex.

As a result, selecting the right trading platform like World Forex requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like World Forex available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like World Forex requires thorough due diligence and careful consideration. Some World Forex trading features can be complex when trading on mobile or using the World Forex online trading platform. Beginners and inexperienced traders must take the time to learn how to use the World Forex trading tools properly. In our review of World Forex we explain the pros and cons. What World Forex offer, countries World Forex are available in. Who World Forex are regulated by and more.

World Forex Review Screenshot

When it comes to online trading with brokers like World Forex, carefully review World Forex as your broker can make or break your success. Choosing the right broker is essential to ensure your World Forex investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your World Forex review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of World Forex. You must also ensure the World Forex broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, World Forex needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with World Forex into easily digestible information in this World Forex review. We want to ensure you have all the knowledge necessary to use the World Forex trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with World Forex are the key to successful trading, so we've provided this detailed World Forex review. So, take a seat, grab a cup of coffee, and dive in to learn about World Forex and how it can benefit you or if World Forex is not for you.

Online investing with World Forex can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with World Forex, evaluating the World Forex platform is important. Evaluation includes researching the World Forex management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with World Forex. That's why it's essential to understand the World Forex company policies and practices before making any investment decisions. By doing your due diligence and understanding World Forex platform, you can make informed investment choices that align with your financial goals. So take the time to research World Forex thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this World Forex review you need to determine if World Forex is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to World Forex, so you can make a more informed decision and compare other brokers against World Forex.

If you want to look at some World Forex alternatives that might better fit your needs, we list and compare some of the best World Forex alternatives further down this World Forex review.

Trading online with World Forex requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the World Forex trading tools and features. You must know what you are doing when trading with World Forex. That's why we've compiled this detailed World Forex review with some important information that will hopefully make you more informed when online trading with World Forex.

World Forex Review Table of Contents

World Forex review
World Forex is a Multi-Assets Trading Platform with over 260+ Assets

Learn more about World Forex. World Forex is a multi asset platform with 260+ tradable Assets. Assets available on World Forex include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

World Forex trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of World Forex

World Forex review
What you should know

World Forex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the World Forex trading platform depends on the region of the world, you are in and the World Forex entity you have an account.

With World Forex you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with World Forex platform.

World Forex are able to accommodate various levels of traders whether you are experienced or a beginner.

Are World Forex safe?

When considering World Forex for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as World Forex, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 16 years World Forex have a head office in Vanuatu.

World Forex is regulated. This means World Forex are supervised by and is checked for conduct by the Vanuatu Financial Services Commission (VFSC) regulatory bodies.

World Forex withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like World Forex are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. World Forex are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of World Forex and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. World Forex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, World Forex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like World Forex, you can enjoy peace of mind and focus on your trading activities. If World Forex violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with World Forex?

All payments made to World Forex by traders are securely held in a segregated bank account.

World Forex uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should World Forex use them?

World Forex partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their World Forex clients' funds.

World Forex clients can have greater confidence in their financial security when working with a Tier 1 bank because World Forex are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in World Forex deposited in a Tier 1 bank?

Depositing funds with World Forex ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if World Forex were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that World Forex is a secure and safe platform.

Please be aware that trading in financial assets with World Forex carries a risk of loss. World Forex trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

World Forex emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about World Forex, let's closely examine its features.

To better understand the World Forex trading platform, you can create two separate accounts - one with real money and the other a World Forex demo account. A World Forex demo account provides a risk-free environment for experimenting with the World Forex platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in World Forex trading decisions.

Open a demo account Visit World Forex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How World Forex as a Company Compare Against Other Brokers

Broker worldforex IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office Vanuatu Australia Belize Cyprus, UK
Regulation Vanuatu Financial Services Commission (VFSC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ World Forex users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit World Forex Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider.

World Forex review
World Forex Pros and Cons

What we like about World Forex

  • Used by over 10,000 World Forex users and traders
  • Established in 2008
  • Regulated by Vanuatu Financial Services Commission (VFSC)
  • Min. deposit from $100

What we don't like about World Forex

World Forex review
World Forex Regulation and Licensing in more detail

World Forex is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of World Forex going into insolvency. World Forex compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like World Forex to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for World Forex traders.

World Forex is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like World Forex you should be sure they're legitimate online agent.

Is World Forex Global?

Yes, World Forex is global as World Forex is available in over 194 countries.

World Forex is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries World Forex covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. World Forex has a total of more than 10,000 users.

World Forex review
World Forex Fees Explained

  • World Forex withdrawal fees varies on payment method
  • World Forex does charge a fee for inactive accounts.
  • World Forex does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from World Forex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

World Forex Costs To Check

Modern brokers like World Forex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, World Forex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall World Forex trading profitability.

How World Forex Fees Compare Against Other Brokers

Broker worldforex IC Markets Roboforex eToro
Min Deposit 100 200 10 100
Withdrawal Fees $20 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

World Forex Minimum Deposit

World Forex requires a minimum deposit of 100 GBP/USD/EUR when opening an World Forex trading account.

A minimum deposit is the minimum amount of money required by World Forex to open a new online brokerage account with them.

Don't be scared off by brokers like World Forex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like World Forex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

World Forex Withdrawal Fees

The fees for withdrawing funds from your World Forex account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your World Forex withdrawal request is important.

World Forex Withdrawal rules may vary across different brokers when it comes to transferring funds from your World Forex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with World Forex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the World Forex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from World Forex. Researching and comparing World Forex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing World Forex funds frequently or dealing with large sums of money. Awareness of these World Forex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your World Forex funds.

For example, World Forex allows you to withdraw your funds to Bank cards, Internet banking, WebMoney, Yandex, Money, QIWI, PAYEER, Perfect Money, ADVCash, Bitcoin, Dash, Google Pay, Bank Wire transfer.

World Forex Inactivity Fees

World Forex does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by World Forex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all World Forex fees and services. It's recommended that you check the World Forex website before signing up. If you decide to close your World Forex account, it's important to do so with the World Forex broker customer support and obtain confirmation that no remaining World Forex fees are due.

Brokers like World Forex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

World Forex Deposit Fees

World Forex do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

World Forex Commission Fees

World Forex does charge commission on CFD instruments.

Brokerage firms like World Forex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the World Forex trading account level held by the trader.

World Forex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing World Forex terms and conditions to understand the commission fees and any other charges that may apply is essential.

World Forex review
What can you trade with World Forex?

It's essential to note that the trading instruments offered under the World Forex brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the World Forex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with World Forex over 260 instruments in fact.

If you want to trade currency pairs on global Forex markets, World Forex offer over currency pairs.

World Forex Compared To Other Brokers

Compare World Forex with IC Markets and Roboforex below.

Your capital is at risk

How World Forex Trading Options Compare Against Other Brokers

Broker worldforex IC Markets Roboforex eToro
Instruments Available 260 2250 100 5000
Platforms Android Apps,iPhone/iPad,Desktop MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit World Forex
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider.

World Forex review
Trading on World Forex web platforms and other applications

World Forex provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A World Forex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

World Forex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See World Forex's platforms

Is the World Forex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the World Forex trading platform to protect you on PC and mobile World Forex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using World Forex web trading platforms.

World Forex Trading Platform Options

World Forex does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

World Forex offers its custom trading platform developed and tested in-house. The World Forex trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The World Forex platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With World Forex, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the World Forex platform, including news and quotes. Discover possible trades with the strong charting tools found with World Forex. World Forex is available as downloadable applications or online through the cloud. Monitor your orders with World Forex and receive breaking news in your positions.

World Forex Trading benefits

  • World Forex Allows scalping
  • World Forex Offers STP
  • World Forex Low min deposit

World Forex Trading Accounts Offered

Below we give an overview of the account types that World Forex offer. Whatever you are looking to trade, the varying World Forex account types will be able to provide you with what you need.

  • World Forex Demo account
  • Micro account
  • World Forex Standard account
  • World Forex ECN account
  • World Forex STP account
  • World Forex Islamic account

Can I try World Forex?

World Forex provides a demo account that enables individuals to explore trading before investing their funds. By creating a World Forex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the World Forex demo account can help individuals to make informed decisions before investing their money.

Open a demo World Forex account to practice and trade.

Your capital is at risk

World Forex withdrawal and funding methods

It's essential to remember that the payment methods provided by World Forex vary based on the World Forex entity and the World Forex client's country of residence. To view the World Forex payment options available, you can log into your World Forex member's area.

World Forex offers various funding payment methods listed in your World Forex dashboard if available in your region. To learn more about the World Forex funding and withdrawal options available in your area, you can explore the World Forex website.

World Forex provides several payment methods for funding your World Forex account. You may utilize any of these deposit options if they are available in your region. World Forex ensures that users have multiple payment methods to choose from, making it more convenient for verified World Forex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the World Forex user's location. learn more about World Forex funding and withdrawal methods.

World Forex Payment Methods

Some World Forex payment methods are local and are available only to specific regions. World Forex account holders should check which payment methods are provided in your region.
  • World Forex accepts Bank cards
  • World Forex accepts Internet banking
  • World Forex accepts WebMoney
  • World Forex accepts Yandex
  • World Forex accepts Money
  • World Forex accepts QIWI
  • World Forex accepts PAYEER
  • World Forex accepts Perfect Money
  • World Forex accepts ADVCash
  • World Forex accepts Bitcoin
  • World Forex accepts Dash
  • World Forex accepts Google Pay
  • World Forex accepts Bank Wire transfer
Broker worldforex IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available World Forex and other broker payment methods depend on the clients country of residence.

How can I start trading with World Forex?

To open a trading account with World Forex, individuals can sign up on the World Forex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for World Forex account validation and making a deposit. Once completed, World Forex users can download the trading platform of their choice.

It's important to note that World Forex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps World Forex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the World Forex trading platforms is available on their website.

Your capital is at risk

Performing trades with World Forex

When using World Forex, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. World Forex have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using World Forex can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, World Forex margin requirements can differ depending on the traded instrument.

CFD Trading on World Forex

We will show you an example of the basics of using World Forex leverage.

CFD trading on World Forex allows traders to speculate on the price movements of various financial instruments against the broker World Forex, without actually owning real assets. With CFDs, World Forex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

World Forex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, World Forex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the World Forex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, World Forex leverage magnifies both profits and losses in trading.

Trading CFD trades on the World Forex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced World Forex traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at World Forex

To trade effectively with World Forex, it's important to have a good understanding of the World Forex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with World Forex and externally.

World Forex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with World Forex. Familiarizing yourself with the World Forex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using World Forex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with World Forex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like World Forex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with World Forex. Explore the World Forex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with World Forex, before live trading.

Customer Support at World Forex

As part of our World Forex review, we review customer service options, response times and problem resolution effectiveness on the World Forex trading platform. The World Forex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

World Forex Available Support Types

World Forex have a B grade support rating because sometimes the response was slow or they didn't answer our query. World Forex offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at World Forex

Our experience with World Forex support was okay overall. We tested their live chat feature and received a response within 30 minutes. In addition, we communicated with their support team in multiple languages and countries, and World Forex successfully resolved our customer issues.

Email Support at World Forex

Our experience with World Forex email support was mixed. We sent 25 emails at varying times, and the fastest response was less than 50 minutes, but the slowest response took 2 days. However, the team successfully resolved and answered our queries. It's important to note that support response times may vary for you with World Forex.

Phone Support at World Forex

During our testing, we contacted World Forex by phone and were pleased with the quick response time of less than 10 minutes.

Their phone support team was able to successfully address our inquiries and concerns, and we tested their multilingual support by communicating in various languages. World Forex made an effort to ensure our questions were answered.

Overall, our experience with World Forex's phone support was average.

See how World Forex Support Compares Against Other Brokers

Broker worldforex IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit World Forex Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with World Forex

As World Forex is regulated by Vanuatu Financial Services Commission (VFSC).

As a new client of World Forex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with World Forex in your region. During the World Forex account opening process, you will be asked to provide World Forex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with World Forex have the following documents available.

  • World Forex require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for World Forex compliance. This must be dated within the last six months.
  • If you plan to fund your World Forex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the World Forex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under World Forex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring World Forex's platform.

However, remember that you won't be able to make trades on World Forex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the World Forex KYC compliance process as soon as possible to avoid any delays in accessing the World Forex platform's features.

It is important to note that World Forex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the World Forex platform and features immediately. However, you must pass the verification process to start live trading with World Forex, which can take up to a few business days.

To start the process of opening an account with World Forex you can visit the World Forex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://wforex.com/ on March 26, 2024.

Is World Forex A Good Broker?

We have spent over 5 years examining World Forex in depth. Although we found some very useful aspects of the World Forex platform that would be useful to some traders. We feel that a alternative to World Forex may better suit you.

  • World Forex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • World Forex has a history of over 16 years.
  • World Forex has a reasonable sized customer support of at least 10.
  • World Forex are regulated by the Vanuatu Financial Services Commission (VFSC). World Forex is subject to strict regulatory oversight from its respective jurisdiction, which holds World Forex (the broker) accountable for misconduct. This regulatory framework helps ensure that World Forex operates fairly and transparently and provides World Forex customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and World Forex.
  • World Forex have regulation from reputable regulators.
  • One of the advantages of using World Forex is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from World Forex are particularly important as World Forex traders want to receive their money quickly. With the efficient World Forex payment processing system, traders can enjoy faster access to their World Forex funds.
  • World Forex have an international presence in multiple countries. Including local World Forex seminars and training.
  • World Forex can hire people from various locations in the world who can better communicate in your local language.

World Forex Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

World Forex not quite right?

If after reading this World Forex review, World Forex does not fulfill your needs check out these World Forex Alternatives.

Click here to view the best World Forex Alternatives

We have spent years researching the best alternatives to World Forex. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective World Forex alternatives available today. If you are unsatisfied with World Forex or want to explore other options, we recommend checking out our carefully curated list of highly-rated World Forex alternatives. Follow the links below to learn more about these World Forex broker alternatives and choose the one that best suits your trading needs.

Related World Forex Vs Comparisons

Throughout our comprehensive World Forex review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing World Forex against other popular brokers in the industry, check out our World Forex Vs pages. Our team has compiled a series of detailed World Forex comparison articles, pitting the World Forex platform against some of the best-rated World Forex competitors in the market. Dive into our informative World Forex Vs pages below to find out how World Forex stacks up against other leading brokers.

World Forex review
WORLD FOREX Frequently Asked Questions

Read our detailed World Forex FAQ Section updated for 2024.

Can I try World Forex?

World Forex offer a demo account so you can try the World Forex platform with virtual trading before you put down a payment. Virtual trading with World Forex is zero risk. Learn more here

What funding methods do World Forex accept?

Please note that the list of payment methods below depends on the World Forex Entity and the client's Country of Residence.

World Forex offer the following funding payment methods Bank cards, Internet banking, WebMoney, Yandex, Money, QIWI, PAYEER, Perfect Money, ADVCash, Bitcoin, Dash, Google Pay, Bank Wire transfer, among other payment methods.
Learn more here

Your capital is at risk

Is World Forex safe?

World Forex have over 10,000 users. World Forex are considered reliable as they are regulated by and checked for conduct by the Vanuatu Financial Services Commission (VFSC). Any payments funded to World Forex accounts by traders are held in a segregated bank account. For added security,World Forex use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with World Forex is risky, and because the market is so volatile, losses could happen at any time. Do not invest with World Forex unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is World Forex trading good?

World Forex is considered good and reputable to trade with World Forex. World Forex is used by over 10,000 traders and World Forex users. World Forex offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with World Forex is 100.

Is World Forex trading Legit?

World Forex was founded in Vanuatu in 2008. World Forex has been facilitating trade on the financial markets for over 16 years. World Forex offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to World Forex are held in segregated bank accounts for security. World Forex is regulated by Vanuatu Financial Services Commission (VFSC) so can be considered legit.

Is World Forex a good broker?

World Forex allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. World Forex is overseen by the top tier financial regulators Vanuatu Financial Services Commission (VFSC) so can be considered a good broker.

Is World Forex trustworthy broker?

World Forex is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to World Forex, money is in a segregated bank account that is separate from World Forex company's funds. As a regulated broker, World Forex cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by World Forex. Instead, your World Forex funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with World Forex. Also World Forex is regulated in its local jurisdictions including major financial regulators like Vanuatu Financial Services Commission (VFSC).

What is the minimum deposit for World Forex?

The minimum deposit to trade with World Forex is 100.

How long do World Forex withdrawals take?

Withdrawing money from World Forex processing time varies depending on the method but averages 1-5 days.

Is World Forex regulated?

World Forex is regulated by the Vanuatu Financial Services Commission (VFSC). Regulatory bodies conduct regular reviews and audits as part of World Forex maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is World Forex a market maker?

World Forex is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by World Forex even if no buyer or seller is lined up.

How can I start trading with World Forex?

When opening a trading account with World Forex, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on World Forex trading platforms, you can follow the link provided below: Learn more about signing up with the World Forex trading platform here. This will provide useful information and insights into the various trading platforms offered by World Forex, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with World Forex?

Yes your money is safe with World Forex.

Overall, strict financial regulation is essential for ensuring that trading platforms like World Forex operate fairly, transparently, and responsibly, which ultimately benefits all World Forex stakeholders involved.

Trading platforms like World Forex must have strict financial regulation for several reasons:

  • Protecting World Forex Investors: Strict financial regulation ensures that investors who use the World Forex trading platform are protected against fraudulent or unethical behavior by the World Forex platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the World Forex platform.
  • Maintaining World Forex Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the World Forex trading platform. Regulatory procedures reduce the likelihood of the World Forex platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing World Forex Transparency: Regulations require trading platforms like World Forex to maintain detailed records and disclose World Forex client information. Financial regulatory requirements enhances transparency and helps to build trust between the World Forex platform and its investors.

World Forex is regulated by the Vanuatu Financial Services Commission (VFSC). When selecting a broker such as World Forex, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, World Forex ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like World Forex.

Is World Forex a con?

World Forex is regulated and well established, having been in business for over 16 years. World Forex is not a con.

Can you make money with World Forex?

Although traders have had great success with World Forex, trading on the financial markets with World Forex is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does World Forex have fees?

World Forex withdrawal fees vary on payment method.World Forex does charge a fee for inactive accounts. World Forex do charge deposit fees.

When was World Forex founded?

World Forex was founded in 2008.

How many people use World Forex?

World Forex is used by over 10,000 registered World Forex users.

What is World Forex Headquarters country?

World Forex has its head quarters office in Vanuatu .

Does World Forex offer negative balance protection?

World Forex does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does World Forex offer guaranteed stop loss?

World Forex does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does World Forex allow scalping?

World Forex offers scalping.

Does World Forex allow hedging?

World Forex does not offer hedging.

Does World Forex offer CFD trading?

World Forex offers CFD trading.

Does World Forex offer STP?

World Forex offers STP trading.

How many people use World Forex?

World Forex is used by over 10000 World Forex users and traders.

Is World Forex an ECN broker?

World Forex offers ECN trading.

Does World Forex offer a demo account?

World Forex offers a demo account.

Does World Forex offer an Islamic account?

World Forex offers an Islamic account.

What are the funding methods for World Forex?

Please note that funding methods and options available with World Forex can be found in the World Forex Members area and depend on the World Forex client’s country of residence. Please check your specific available payment methods on the World Forex website. World Forex accept the following funding methods : Bank cards, Internet banking, WebMoney, Yandex, Money, QIWI, PAYEER, Perfect Money, ADVCash, Bitcoin, Dash, Google Pay, Bank Wire transfer.

World Forex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the World Forex brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

World Forex review written by Mark Hansen of Comparebrokers.co