World Forex
- Trust score
- 3/10
- Legal simplicity
- 3/10
- Min. deposit
- 1
Features
- Low minimum deposit
- Islamic accounts
- Deposit bonuses
- Segregated accounts
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- No advantages identified.
Cons
- No drawbacks identified.
Updated:
World Forex is an offshore forex and CFD broker running through three regulated entities based in the British Virgin Islands, Vanuatu, and Saint Vincent and the Grenadines. Founded in 2007, it serves traders worldwide except the US, with a $1 minimum deposit and leverage up to 1:1000. It is also a member of The Financial Commission, an independent dispute-resolution body for client complaints.
A $1 minimum deposit, Islamic accounts, deposit bonuses, segregated funds, scalping, an affiliate program, and a wide range of trading instruments.
World Forex is an offshore forex and CFD broker operating through three regulated entities registered in the British Virgin Islands, Vanuatu, and Saint Vincent and the Grenadines. Founded in 2007, it serves traders worldwide except the US, with a $1 minimum deposit and leverage up to 1:1000.
Regulation and company structure
The World Forex Group runs three separate legal entities:
- World Forex Corp — British Virgin Islands, regulated by the Financial Services Commission of the British Virgin Islands (BVIFSC).
- Existrade Limited — Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
- Existrade LTD — Saint Vincent and the Grenadines, regulated by the FSA.
All three are offshore regulators with more limited investor-protection powers than EU or Australian regulators. World Forex is also a member of The Financial Commission, an independent dispute-resolution body that can award compensation of up to €20,000 per validated complaint against member brokers.
Trading instruments and leverage
World Forex offers around 30 forex currency pairs plus CFDs on cryptocurrencies, stock indices, and metals, along with binary options. Maximum leverage reaches 1:1000 on major currency pairs and is capped at 1:25 for cryptocurrencies.
Trading platforms
Clients trade on MetaTrader 4 and MetaTrader 5. A separate platform, FX LITE for MT4, is available specifically for binary options.
Account types
- W-CENT-fix — cent account, fixed spreads from 1.8 points.
- W-CENT — cent account, floating spreads from 0.6 pips.
- W-PROFI-fix — standard account, fixed spreads from 1.8 points.
- W-PROFI — standard account, floating spreads from 0.6 pips.
- W-CRYPTO — cryptocurrency account, floating spreads from 0 points, leverage up to 1:25.
- W-DIGITAL — account for binary options trading.
A free demo account and Islamic (swap-free) accounts are also available.
Deposits and withdrawals
The minimum deposit is $1. World Forex accepts international bank transfers, Visa and MasterCard, e-wallets (WebMoney, QIWI, PAYEER, Perfect Money, AdvCash), and cryptocurrencies. No withdrawal fee or inactivity fee applies.
Additional features
World Forex offers deposit bonuses, trading contests, a VPS service, and a spread-refund program, alongside segregated client accounts and an affiliate program.
World Forex at a glance
| General information | Details |
|---|---|
| Broker name | World Forex |
| Year founded | 2007 |
| Headquarters | British Virgin Islands |
| Regulation | BVIFSC, VFSC, FSA |
| Trading platforms | MT4, MT5 |
| EUR/USD spread | From 1.8 pips |
| Demo account | Available |
| Minimum deposit | $1 |
| Base currencies | USD, EUR |
| Maximum leverage | 1:1000 |
| Tradable assets | Currency pairs, indices, metals, stocks, cryptocurrencies |
| Deposit methods | Bank transfer, Visa/MasterCard, WebMoney, QIWI, PAYEER, Perfect Money, AdvCash, BTC |
| Withdrawal fee | None |
| Inactivity fee | None |
| Islamic accounts | Available |
| Segregated accounts | Available |
| PAMM accounts | Not available |
| Partner account | Available |
| Scalping | Allowed |
| Automated trading | Supported |
| Mobile trading | Supported |
| Web terminal | Available |
| Social trading | Not available |
| Trading signals | Not available |
| VPS service | Available |
| Deposit bonuses | Offered |
| Contests | Available |
Bottom line
World Forex suits traders who want a low entry bar, cryptocurrency CFD exposure, and MT4/MT5 access, and who accept the trade-offs of an offshore-only regulatory setup. Membership in The Financial Commission provides a dispute-resolution channel, but it does not replace the protections offered by tier-1 regulators.
