World Forex Review 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

4 / 5
World Forex is #8 in our binary options broker rankings.

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.

- Tobias Robinson, Reviewer

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.

MT4, MT5
Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
100% Deposit Bonus
Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet

Trading App

The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.

iOS App Rating
Android App Rating

Binary Options Trading

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.

Forex Trading

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.

Stock Trading

World Forex traders can speculate on price movements of 40+ stocks with CFDs and digital contracts with no commissions, tight spreads and high payouts. You can take positions on big names like IBM and American Express.

CFD Trading

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.

Crypto Trading

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.

Copy Trading

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.

✓ Pros

  • 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

  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection

World Forex is a multi-asset brokerage offering trading opportunities on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus a proprietary platform. Users benefit from a commission-free pricing structure, copy trading, 30-minute withdrawals, plus welcome bonuses. But is World Forex trustworthy and reliable?

Our experts tested the broker’s account types, market access, digital contracts, live signals, and more. Read our 2024 review of World Forex to find out if you should open a trading account.

Company Details

World Forex was established in 2007 in the British Virgin Islands. In 2016, the company was acquired by Existrade Ltd, an international trading group regulated by Saint Vincent & The Grenadines Financial Services Authority (SVGFSA).

Today, the broker offers trading services on a global scale, serving over 350,000 traders in 50+ countries. Account holders benefit from ECN technology, 24/7 customer support, plus a $1 minimum deposit.

Retail clients can access several asset classes, including forex, stocks, cryptocurrencies, and commodities. The broker also offers digital contracts, providing a straightforward financial instrument for those new to trading.

Trading Platforms

World Forex offers several platforms; MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary webtrader.

MT4 and MT5 are available for free download to desktop devices (Windows and Mac). Alternatively, traders can access the terminals via major web browsers or download mobile applications.

MetaTrader 4

FX Lite plugin is also available for MetaTrader 4, allowing users to trade digital contracts. Installation links and a useful download guide are available on the broker’s website.

MetaTrader 5

How To Place A Trade On MT4 & MT5

Once you have verified your World Forex account, you can begin trading. You will need to fund your profile with a minimum deposit of $1.

To make a trade:

  1. Download the respective platform or log in to the browser terminal
  2. Choose the asset/market you wish to trade using the drop-down list or search bar
  3. Select ‘new order’
  4. An order screen will pop out. You can also open a new position directly from the chart
  5. Enter the order details including order type (pending or instant), volume and risk management parameters (take profit and stop loss)
  6. Select ‘buy’ or ‘sell’
  7. Confirm the order

Note, opening and closing trades on MT4 and MT5 are similar.


World Forex review

How To Place A Trade On WebTrader

  1. Log in to the WebTrader
  2. Select the asset/market you wish to trade using the list of instruments on the left-hand side of the platform
  3. Enter the volume/position size
  4. Select ‘buy’ or ‘sell’
  5. Select ‘open order’
  6. An order screen will appear. You can add a stop loss and take profit or create a pending order
  7. Confirm the trade

World Forex Instruments & Markets

World Forex offers a wide selection of trading assets and instruments:

Note, access to instruments varies by account type.

Digital Contracts

A stand-out feature of World Forex is its digital contracts. This straightforward financial instrument asks whether the price of an underlying asset will be higher or lower than the current price when the contract expires.

Similar to traditional binary options, the broker’s digital contracts have three key components; amount (trade size), direction (up or down), and time (contract expiry). Expiries range from 60 seconds to seven days. Maximum payouts for American contracts are 100% and for European contracts, it’s 85%.

A key benefit of digital contracts is that the profit potential is displayed before opening a position. World Forex also provides a useful preliminary calculator so you can work out what you stand to win or lose before you make a trade.

Other key features include:

How To Buy A Digital Contract

  1. Login to your client portal and then open your trading profile
  2. Select the asset/market you wish to trade using the list of instruments on the left-hand side of the platform (digital contracts tab)
  3. Select ‘Make Investment’
  4. An order window will pop-out
  5. Enter the trade size, expiry time, and pending order if required
  6. Review the payout percentage
  7. Select ‘up’ or ‘down’
  8. Confirm the trade
World Forex binary options review
How To Trade Digital Contracts

Spreads & Fees

Fees vary by account type and instrument. All profiles are commission free except for W-CRYPTO.

Swap rates apply for positions held overnight.

Withdrawal fees also apply – see the ‘Payment Methods’ section below for details.

Leverage Review

When we used World Forex, we were offered high margin trading opportunities up to 1:1000.

With that said, the leverage available depends on your account balance. Accounts with a balance of $1 – $1000 can access 1:1000 leverage. This drops to 1:500 for balances between $1001 – $5000. The lowest leverage available is 1:33, which applies to balances of $100,000 or more.

With the W-CRYPTO profile, leverage varies by the total volume of opened positions. Maximum leverage of 1:25 is available on positions of 20 lots or less. A 1:1 leverage applies to positions of 100 lots or more.

A 5% stop-out level applies to all accounts except the W-CRYPTO at 20%.

Mobile App

MetaTrader 4 and 5 are available as iOS, Android, and Huawei-compatible mobile applications. The apps are designed with all the features and functionality of desktop devices but with smaller screens in mind so you can manage your profile and trade on the go.

Day traders can also download the FX Lite BO app to iOS and Android (APK) devices. This is an intuitive yet convenient application that allows you to trade digital contracts from your tablet or smartphone.

Payment Methods


Our experts were impressed with the list of accepted payment methods. This includes bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies.

World Forex does not charge any deposit fees, though third-party charges may apply. Exchange rate fees may also apply if you are depositing in a currency other than your account denomination.

The minimum deposit requirement for all account types is $1 or equivalent currency, however, some payment methods may have their own minimums.

Note, availability may vary depending on your location.

How To Transfer Money To Your WorldForex Account

  1. Sign in to the client portal with your login credentials
  2. Select the ‘Transaction’ tab
  3. Choose the profile to fund from the account drop-down menu
  4. Select the payment method or transfer funds held in your client account
  5. Enter the amount
  6. Select ‘Deposit Funds’


Clients must withdraw funds using the original deposit method.

World Forex usually processes withdrawals within 30 minutes, which is impressive compared to most of the industry.

There are no minimum or maximum withdrawal limits, however fees apply:

WorldForex Demo Account

World Forex offers a free demo profile, available with all account types. Practice trading risk-free with real market conditions, unlimited virtual funds, and flexible leverage. You can learn all the features and functionality of the trading platforms including indicators, signals, graphical objects, and charts.

To register, log in to the client portal. Select the demo profile you wish to open via the trading accounts tab. You can then select the leverage, account currency, and virtual balance.

World Forex broker review
Demo Account Registration

Deals & Promotions

As an offshore broker, World Forex is able to offer financial incentives and bonuses to retail traders. Our experts found several deals for new and existing traders, including a no-deposit bonus, trading contests, a cashback club, and more.

A +100% deposit bonus is available on deposits of $100+, with free VPS access (usually $5.99).

Retail clients can also win up to $1400 as prize money with the 21-day demo trading championship. It is free to participate and a good way to put your skills to the test.

Note, always check terms and conditions before signing up.

Regulation & Licensing

World Forex operates under Existrade Ltd, regulated by Saint Vincent & The Grenadines Financial Services Authority (SVGFSA), registration number 24441. Our experts checked the registered entity list and can confirm incorporation took place on 1st March 2018.

Although it is good to see that the broker is regulated by a financial body, this is not a leading financial agency with relatively lax joining requirements. This means the broker does not have to follow the same strict retail trading safeguards that regulators like the FCA and ASIC mandate.

With that said, World Forex is an official participant of The Financial Commission. Compensation up to €20,000 is available per client in the event of a dispute.

The broker also undertakes monthly audits in association with VerifyMyTrade. Certification and ranking are renewed monthly using comparisons with other broker-dealers. Note, this service does not include a declaration of capital reserves.

Additional Features


As well as all the features and functionality available on the World Forex trading platforms, day traders can access live market news streams, research analysis, and asset reviews. A forex calculator and live price quotes are also available on the official website.

World Forex trading tools
Forex Calculator


While using World Forex, we were impressed with the educational content and resources available. For beginners, World Forex offers a comprehensive yet digestible question-and-answer ‘knowledge base’.

This is a great tool to refer back to throughout your investment journey. Details include market opening times, exchange rates, basic forex charting functionality, and platform user manuals.

A free trading course is also provided by the broker. It contains all the information you need to start a successful trading journey in the forex market, including several examples and practical instructions. Subscribe with your email address to receive access.

A glossary of key terms and step-by-step guides on how to place a trade are also offered.


Connect trading signals to your MetaTrader account and copy successful investors.

Ideal for beginners, the copy trading service allows users to view detailed statistics about signals, visualize performance on charts and graphs, and view the risks and opportunities before subscribing.

You can also monitor performance in real-time and receive a written follow-up report on the copied position.


Day traders also benefit from access to the virtual private server (VPS). When using the World Markets VPS service, investors receive full data control, uninterrupted operations, and the possibility to control the trading system from iOS and Android devices.

You can register through the client portal. A standard $5.99 fee applies unless you qualify for the 100% joining bonus.

Account Types

World Forex offers six live accounts. The best profile to open will depend on your trading style and the asset you are interested in.

Conditions and costs vary, though all profiles offer market execution, access to MT4 & MT5 (except for W-DIGITAL), a minimum deposit requirement of $1, and flexible leverage.







A halal, swap-free account can also be activated at the time of registration. Open a W-PROFI or W-CENT profile and tick ‘Open Swap Free’.

How To Open An Account

It is quick and easy to register for a live profile. Visit the ‘Register’ link at the top right of each web page or select ‘Open an Account’ on the trading accounts page. Complete the application form (email address and password creation only).

Once you have signed up, World Forex requests identity verification. Although this does not need to be completed immediately, you will not gain access to all services, receive financial bonuses, or open and close trades without it. Withdrawals are also not available for unverified profiles.

Trading Hours

You can access the markets 24/5 at World Forex. However, it is worth noting that trading hours and timings will vary by instrument. Day traders can access a sessions calendar with scheduled updates and market closures.

A calendar of major events by country and time zone is also available on the broker’s website.

Customer Support

24/7 support is available to World Forex traders. Contact details:

When we tested the live chat function, we received a response within one minute, which is impressive vs competitors.

Although there is no standard FAQ section, we were pleased with the comprehensive help page including the ‘knowledge base’. This provides details of how to trade, payouts, a glossary of key terms, and platform installation support.

Security & Safety

World Forex is a legitimate and secure online brokerage.

The company complies with standard AML and KYC protocols. Payments are made via SSL encryption. Also all trading platforms offer security features, such as two-factor authentication (2FA) at the login stage.

World Forex Verdict

World Forex is a reliable broker with hundreds of thousands of customers. Our experts were impressed with the range of assets, payment methods, account types, and educational resources. The digital contracts are also a great addition to the line-up, with payouts of up to 100%.

The only major drawbacks are the withdrawal fees, offshore regulation, and lack of negative balance protection.


What Assets Does WorldForex.Com Offer?

Day traders can take positions on currency pairs, commodities, cryptocurrencies, and stock CFDs. European and American digital contracts are also available, which are similar to standard binary options.

Is World Forex Regulated?

World Forex is regulated by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA). It is also an official participant of The Financial Commission, a corporation offering retail clients fund protection in the event of any disputes between customers and brokers. Compensation up to €20,000 is available per client.

What Is The Minimum Deposit Requirement For A World Forex Account?

All World Forex accounts have a minimum deposit requirement of just $1 or equivalent currency. This is particularly low, making it a good choice for beginner traders.

What Payouts Does World Forex Offer On Its Digital Contracts?

World Forex offers a maximum payout of 100% on American digital contracts and 85% on its European contracts. A full refund is provided for contracts that result in a draw.

What Deposit Options Does World Forex Offer?

World Forex supports several deposit options, including bank wire transfers, Visa and Mastercard credit/debit cards, cryptocurrencies, Google Pay, Apple Pay, and online banking services such as Payeer and Perfect Money.

Top 3 Alternatives to World Forex

Compare World Forex with the top 3 similar brokers that accept traders from your location.

  1. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

  2. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

  3. Pocket Option – Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

World Forex Comparison Table

Compare World Forex With Similar Brokers
World Forex Videforex RaceOption Pocket Option
Rating 4 3.4 3.5 4.2
Markets Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto Binary Options, CFDs Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $250 $250 $50
Minimum Trade 0.01 Lots $0.01 $0.01 $1
Regulators SVGFSA MISA
Bonus 100% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% Deposit Bonus 50% Deposit Bonus
Education No No No No
Platforms MT4, MT5 TradingView TradingView Web, MT4, MT5
Leverage 1:1000 1:500 1:500
Payment Methods 10 8 9 13
Visit Visit Visit Visit Visit
Review Videforex
Pocket Option

Compare Trading Instruments

Compare the markets and instruments offered by World Forex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare World Forex Trading Instruments
World Forex Videforex RaceOption Pocket Option
Binary Options Yes Yes Yes Yes
Expiry Times 1 minute – 7 days 5 seconds – 1 month 5 seconds – 30 days 5 seconds – 4 hours
Ladder Options No No Yes No
Boundary Options No No No No
CFD Yes Yes Yes No
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes No Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No No No No
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

World Forex vs Other Brokers

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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.