SmartFX vs World Forex

SmartFX vs World Forex Comparison Table 2023
SmartFX	World Forex
Review 1.3	Review 4 World Forex is #7 in our binary options broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).	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.
Bonus Offer
	100% Deposit Bonus
Promotions
	World Forex Cashback Club: Earn $25 Per Lot Traded
Comment by Reviewer
"Based on my time using the platform, I think SmartFX is a good choice for new traders looking for multi-asset trading opportunities on the MT5 terminal. However, the offshore VFSC regulation doesn't fill me with confidence and I don't appreciate the lack of transparency on the website."	"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
I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods I like that beginners can access copy trading opportunities via the Social Trading network	A wide range of assets to trade, including via digital contracts Several different account types with varied pricing structures MT4, MT5 and a proprietary trading terminal Swap-free account available 10+ accepted payment methods Low deposit of $1 Copy trading solution Educational content STP/ECN technology Demo account VPS hosting
Cons
I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me There's barely any additional tools and resources available, and the educational content is weak compared to top brands I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands	Weak regulation Withdrawal fees apply No negative balance protection
Instruments
Forex, CFD-indices, CFD-equities, futures	Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
Yes	Yes
Minimum Deposit
$500	$1
Trading Platforms
MT5	MT4 MT5
Payment Methods
Neteller Skrill Visa Wire Transfer	ADVcash Apple Pay Bitcoin Payments Credit Card Debit Card Google Wallet Mastercard Perfect Money Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	SVGFSA
Margin Trading
No	Yes
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
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	iOS, Android + Web Browser
Auto Trading
Yes	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
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR RUB
Stock Exchanges
	Nasdaq S&P 500
Commodities
Gold Silver	Gold Oil Palladium Platinum Silver
CFD Trading
I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies.	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
1:400	1:1000
FTSE Spread
Floating	NA
GBPUSD Spread
Floating	NA
Oil Spread
Floating	NA
Stocks Spread
Variable	From 0.03
Forex Trading
I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots.	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.
GBPUSD Spread
Floating	From 0.6
EURUSD Spread
Floating	From 0.6
EURGBP Spread
Floating	From 0.6
Assets
43	53
Cryptocurrency
Crypto trading not offered	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.
Coins
	BTC DSH LTC ETH ZEC XRP BCH XMR EOS NEO
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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