World Forex is a comprehensive trading platform that provides traders worldwide access to the global foreign exchange market. In addition to Forex, World Forex also offers digital contracts for trading, keep on reading our World Forex Review to find out more about this Forex and binary option broker!
If you are looking for a good broker for digital or binary options as well as Forex trading, World Forex may be the way to go! Keep on reading to learn more about the advantages and disadvantages this broker has to offer
The platforms offered by World Forex include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary webtrader.
Both MT4 and MT5 can be downloaded for free on desktop computers (Windows and Mac). Traders can also access the terminals through major web browsers or by downloading mobile apps.
World Forex offers mobile trading solutions for its clients by providing MetaTrader 4 and 5 as iOS, Android, and Huawei-compatible mobile applications.
These apps deliver all the features and functionality of their desktop counterparts, allowing traders to easily manage their profiles and execute trades on the go.
Additionally, day traders can benefit from the FX Lite BO app, available for both iOS and Android (APK) devices.
This intuitive and convenient application enables users to trade digital contracts seamlessly from their tablets or smartphones, ensuring continuous access to the markets and trading opportunities wherever they are.
World Forex provides an extensive range of trading assets and instruments for traders to choose from:
World Forex’s digital contracts are a notable feature that allows traders to speculate on whether the price of an underlying asset will be higher or lower than the current price when the contract expires.
These contracts are similar to traditional binary options, with three key components: amount (trade size), direction (up or down), and time (contract expiry).
Expiries range from 60 seconds to seven days, with maximum payouts of 100% for American contracts and 85% for European contracts.
One of the main advantages of digital contracts is that the profit potential is displayed before opening a position, allowing traders to make informed decisions.
World Forex also offers a preliminary calculator, enabling traders to estimate potential gains or losses before executing a trade.
Other notable features include:
WorldForex offers high-margin trading opportunities with leverage up to 1:1000, depending on the account balance.
Accounts with balances between $1 and $1000 can access 1:1000 leverage, while those with balances between $1001 and $5000 have access to 1:500 leverage. The lowest leverage of 1:33 applies to balances of $100,000 or more.
For the W-CRYPTO profile, leverage varies based on the total volume of opened positions, with a maximum of 1:25 for positions of 20 lots or less and 1:1 for positions of 100 lots or more.
A 5% stop-out level applies to all accounts except for the W-CRYPTO account, which has a 20% stop-out level.
World Forex has six live accounts to choose from. How you trade and what you want to trade will determine which profile is best for you to open.
Conditions and costs are different for each profile, but all of them offer market execution, access to MT4 and MT5 (except for W-DIGITAL), a $1 minimum deposit, and flexible leverage.
World Forex also offers non-trading accounts in the form of savings client accounts available in USD, UAH, RUR, and EUR currencies. These accounts provide clients with high interest rates, making them an attractive option for those looking to grow their capital outside of trading activities.
Additionally, clients can benefit from the flexibility to convert and transfer funds between trading accounts within the Trader Room at official central bank rates, free of charge. This feature ensures that clients can efficiently manage their funds and optimize their financial strategies, all within the World Forex platform.
World Forex offers a transparent fee structure for its account types, ensuring that traders are aware of the costs associated with each account. Here’s a breakdown of the spreads and withdrawal commissions for each account type:
There are no hidden commissions associated with these accounts. However, it is essential to note that a commission is charged for transferring transactions to the next day (swap) in W-Instant and W-ECN accounts.
In contrast, W-Cent and W-Profi accounts offer swap-free trading.
World Forex offers a wide range of deposit options, impressing experts with a variety of accepted payment methods. These include:
There are no deposit fees charged by World Forex, but third-party charges and exchange rate fees may apply. The minimum deposit requirement for all account types is $1 or equivalent currency, although some payment methods may have their own minimums.
Processing times vary depending on the method used, with instant processing available for most methods, while others, such as bank wire transfers, may take up to five working days.
World Forex requires clients to withdraw funds using the original deposit method. Withdrawals are typically processed within 30 minutes, which is faster than most industry standards. There are no minimum or maximum withdrawal limits, but fees do apply:
World Forex’s extensive range of payment methods and quick withdrawal processing times provide clients with flexibility and convenience. However, it’s crucial for traders to be aware of the associated fees and processing times for each method to ensure smooth and efficient transactions.
Note that the availability of specific payment methods may vary depending on your location.
World Forex offers various bonuses and promotional programs to incentivize and reward their clients. Here’s an overview of the bonuses provided by the broker:
World Forex provides a free demo account for all account types, allowing users to practice trading risk-free under real market conditions with unlimited virtual funds and flexible leverage.
These demo accounts are an excellent tool for both novice and experienced traders to familiarize themselves with the features and functionalities of the trading platforms, including indicators, signals, graphical objects, and charts.
To register for a demo account, clients simply need to log in to the client portal, select the desired demo profile via the trading accounts tab, and choose the leverage, account currency, and virtual balance. This valuable resource helps traders gain confidence and develop their trading strategies before transitioning to live trading.
World Forex offers a range of additional features to enhance the trading experience for its users. These include:
Pocket Option is a popular online trading platform that offers a wide range of trading instruments, including forex trading. Traders can access over 40 currency pairs, including major, minor, and exotic pairs, along with a variety of analytical tools, educational materials, and trading signals.
With a user-friendly interface and a minimum deposit of only $50, Pocket Option is an excellent alternative to World Forex for traders who want to trade forex and other financial instruments.
Pocket Option and Quotex are two excellent alternatives to World Forex for traders who want to trade digital options. Pocket Option provides traders with access to over 100 digital options instruments, including currencies, stocks, cryptocurrencies, and commodities. The platform also offers a demo account, educational materials, and advanced analytical tools to help traders make informed decisions.
Quotex, on the other hand, offers traders over 50 assets, including currency pairs, cryptocurrencies, stocks, and commodities. The platform provides traders with a user-friendly interface, real-time market data, and the option to participate in tournaments and win cash prizes.
With low minimum deposits and various trading instruments, both Pocket Option and Quotex are excellent alternatives to World Forex for digital options trading.
World Forex is a reliable and reputable broker that provides traders with a variety of trading instruments, innovative trading platforms, and extensive educational resources.
The broker’s low entry barrier and flexible leverage make it accessible to both novice and experienced traders, while its diverse payment methods and quick withdrawal processing times ensure smooth and efficient transactions.
World Forex’s digital contracts and forex trading options provide traders with the opportunity to diversify their portfolios, while its auto trading options and VPS service offer advanced traders the tools to optimize their strategies.
While there are some areas that World Forex can improve, such as website navigation and customer support response times, overall, the broker offers a comprehensive trading experience that caters to the needs of traders worldwide.
If you’re interested in trading with World Forex and taking advantage of their impressive range of features, we encourage you to sign up for a free account today.
Plus, don’t forget about the bonus offers available, including a +100% deposit bonus on deposits of $100 or more and free VPS access. Don’t miss out on this opportunity to enhance your trading experience with World Forex. Sign up now!
Yes, World Forex offers a free demo account for all account types. The demo account provides users with unlimited virtual funds and flexible leverage to practice trading risk-free under real market conditions.
Yes, World Forex is a regulated broker that is authorized and licensed by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA). Additionally, World Forex is a member of The Financial Commission, which provides retail clients with fund protection in case of any disputes between customers and brokers. The commission offers compensation up to €20,000 per client to ensure their financial security.
Yes, World Forex offers several bonuses and promotional programs to incentivize and reward their clients. These include a 100% deposit bonus on $100 or more deposits, cashback up to $12 per 1 lot, and contests for demo account users.
World Forex accepts a wide range of payment methods, including bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. There are no deposit fees charged by World Forex, but third-party charges and exchange rate fees may apply.
WorldForex is a broker for digital contracts (digital options) as well asd Forex trading, read our whole World Forex Review to find out more about this Broker!
The minimum deposit amount is just 1 USD, depending on the method you are using!
Yes, for sure is Forex legit! Forex (Currency Exchange trading) is done for decades now! Forex trading carries a specific amount of risk of losing, but overal its completely legit and can be used to earn money!
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