World Forex

Information

Overview of World Forex by Trade Forex

Global Presence and Regulation

World Forex, a global Forex and CFD brokerage firm, has its footprints in various offshore locations including the British Virgin Islands, Saint Vincent and the Grenadines, and Vanuatu. Catering to a wide international clientele, it operates with a few exceptions, notably excluding the USA due to local regulatory restrictions.

Regulatory Bodies

• World Forex Corp: Based in the British Virgin Islands and regulated by the Financial Services Commission of the British Virgin Islands (BVIFSC).
• Existrade Limited: Operating from the Republic of Vanuatu, under the regulation of the Vanuatu Financial Services Commission (VFSC).
• Existrade LTD: Located in Saint Vincent and the Grenadines, regulated by the FSA.

Established in 2007, the World Forex Group encompasses these three entities.

Supplemental Regulation

To enhance trust and security, World Forex has aligned with The Financial Commission, a private regulatory organization. This affiliation allows clients to lodge complaints against member brokers. Notably, this commission can award compensations up to 20,000 euros per validated complaint, adhering to its set guidelines.

Leverage and Trading Instruments

• Maximum Leverage: Up to 1:1000 for major currency pairs and a cap of 1:25 for cryptocurrencies.
• Trading Instruments: The brokerage offers a diverse range of options including traditional Forex currency pairs (about 30 in number), CFDs on cryptocurrencies, stock indices, and metals, along with binary options.

Trading Platforms

• MT4 and MT5: Both platforms are available for all clients.
• FX LITE for MT4: Specifically for traders interested in binary options.

Account Types Offered

1. W-CENT-fix: Cent account with fixed spreads starting from 1.8 points.
2. W-CENT: Cent account with floating spreads beginning at 0.6 pips.
3. W-PROFI-fix: Standard account with fixed spreads from 1.8 points.
4. W-PROFI: Standard account with floating spreads of 0.6 pips.
5. W-CRYPTO: Specialized cryptocurrency account with floating spreads starting from 0 points, leverage up to 1:25.
6. W-DIGITAL: Account tailored for binary options trading.

Additional offerings include free demo accounts and specially designed Islamic accounts.

Funding and Minimum Deposit

World Forex accepts a plethora of funding options: international bank transfers, major credit cards like Visa and MasterCard, various electronic wallets including WebMoney, QIWI, PAYEER, Perfect Money, AdvCash, and even cryptocurrencies. The entry barrier is low, with a minimum deposit requirement of just $1.

Added Benefits

Clients are treated to additional perks such as deposit bonuses, contests, VPS services, and a spread refund service.

Concluding Thoughts

World Forex emerges as a considerable choice for traders focusing on CFDs in cryptocurrencies with MT4 leverage. It’s crucial to note that being an offshore broker, World Forex may not offer all the securities found with EU or Australian brokers. However, its membership with The Financial Commission adds a layer of reassurance for potential grievances.

For a comprehensive decision-making process, it’s advisable to peruse reviews of World Forex and consult Trade Forex’s broker rating.

At a Glance: World Forex Profile