CMC Markets vs World Forex
CMC Markets Review 2023 | World Forex Review 2023 |
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4.7
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4
World Forex is #6 in our binary options broker rankings. |
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CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders. |
World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets. |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
Bonus Offer | |
100% Deposit Bonus | |
Promotions | |
Comment by Reviewer | |
"CMC Markets is a great option for active traders with thousands of instruments, spreads from 0.0 pips and an award-winning trading platform." | "World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, MAS, CIRO | SVGFSA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1% | |
STP Account | |
No | Yes |
ECN Account | |
No | Yes |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS, Android + Web Browser |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Yes |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | Yes |
VPS Hosting | |
No | Yes |
Tournaments | |
No | Yes |
Demo Competitions | |
Yes | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CMC Markets offers leveraged CFDs on an extensive list of 12,000+ instruments with transparent pricing, powerful trading software and ultra-fast execution speeds. Out-of-hours trading on CFD indices is also available, plus 24/5 award-winning customer support. | World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances. |
Leverage | |
1:30 (Retail), 1:500 (Pro) | 1:1000 |
FTSE Spread | |
1 pt | NA |
GBPUSD Spread | |
0.9 | NA |
Oil Spread | |
3.5 | NA |
Stocks Spread | |
0.02 | From 0.03 |
Forex Trading | |
CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals. | World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types. |
Forex App | |
CMC Markets deliver an award-winning app, compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators. |
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GBPUSD Spread | |
0.9 | From 0.6 |
EURUSD Spread | |
0.7 | From 0.6 |
EURGBP Spread | |
1.1 | From 0.6 |
Assets | |
330+ | 53 |
Currency Indices | |
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Cryptocurrency | |
CMC Markets offers trading on popular digital tokens and crypto indices for broader exposure to the market. There is minimal slippage and an excellent 99.9% fill rate. | Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available. |
Spread | |
from 1.3 | 0 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry. |
Payout | |
100% | |
Expiry Times | |
1 minute - 7 days | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
More Comparisons | |
CMC Markets vs |
World Forex vs |