World Company

World Forex Broker - Comprehensive Information Guide

1. Broker Overview

World Forex, established in 2007, operates as a global trading platform catering to diverse financial markets. The company is headquartered in the British Virgin Islands, with additional offices in various regions, including Vanuatu and Saint Vincent and the Grenadines. This broker is privately held, focusing on providing retail forex trading services to individual traders and institutional clients alike.

Over the years, World Forex has made significant strides in the forex trading industry. It has developed a comprehensive suite of services, including access to a wide range of trading instruments and advanced trading platforms. Key milestones in its development include the expansion of its trading services to include CFDs on various asset classes, such as commodities and cryptocurrencies.

The company operates under the parent organization Existrade Ltd, which holds regulatory licenses in offshore jurisdictions. World Forex primarily engages in retail forex trading, offering clients access to various currency pairs, CFDs, and other financial instruments. Its business model emphasizes user-friendly trading conditions, competitive spreads, and high leverage options, making it appealing to both novice and experienced traders.

2. Regulatory and Compliance Information

World Forex operates under the oversight of several regulatory bodies. It is registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and the Vanuatu Financial Services Commission (VFSC). The regulatory numbers for these licenses are 1420912 for SVG FSA and 300236 for VFSC. The licenses granted to World Forex are valid for a range of trading activities, primarily focusing on forex and CFDs.

The broker adheres to strict client fund segregation policies, ensuring that clients' funds are held in separate accounts from the company's operational funds. This practice is crucial for maintaining client trust and ensuring the safety of their investments.

Additionally, World Forex participates in investor compensation schemes, providing an extra layer of security for its clients. The broker follows Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring clients to verify their identities and source of funds before trading. This ensures that the broker operates within the legal frameworks established by the jurisdictions it is registered in.

3. Trading Products and Services

World Forex offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 55 major and minor currency pairs, catering to various trading strategies and preferences. In addition to forex, clients can trade Contracts for Difference (CFDs) on various asset classes, including:

• Indices: Major global stock indices.
• Commodities: Precious metals and energy products.
• Stocks: CFDs on shares from leading companies.
• Cryptocurrencies: A selection of popular digital currencies.

The broker frequently updates its product offerings, adding new instruments to meet market demand and client interests. Retail trading services are complemented by institutional services, allowing professional traders and organizations to access advanced trading tools and solutions.

World Forex also provides white-label solutions for businesses seeking to offer trading services under their brand. This includes access to the broker's trading technology, liquidity, and support services. Asset management services are available for clients looking for professional management of their investment portfolios.

4. Trading Platforms and Technology

World Forex supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their robust features and user-friendly interfaces. These platforms are available on multiple operating systems, including Windows, macOS, Android, and iOS, allowing traders to access their accounts anytime, anywhere.

In addition to the MT4 and MT5 platforms, World Forex offers a proprietary web-based trading platform, providing flexibility for traders who prefer not to download software. The platform is customizable, allowing users to choose their preferred chart types and color schemes.

The broker employs an ECN (Electronic Communication Network) execution model, ensuring fast order execution and minimal slippage. World Forex's trading infrastructure is supported by advanced technology, including high-speed servers located in strategic financial hubs to enhance trading performance.

API access is also available for clients interested in automated trading solutions, enabling them to implement their trading strategies seamlessly.

5. Account Types and Trading Conditions

World Forex offers a variety of account types to cater to different trading needs:

• Standard Accounts: Require a minimum deposit of $1, with competitive spreads starting from 0.6 pips.
• Advanced Accounts: Include VIP and professional accounts with enhanced features and lower trading costs.
• Special Accounts: Offer options such as Islamic accounts for traders seeking Sharia-compliant trading conditions.

The broker provides a demo account for new traders to practice without risk, allowing them to familiarize themselves with the trading environment. Leverage options vary by account type and asset class, with maximum leverage reaching up to 1:1000 for forex trading.

The minimum trade size starts at 0.01 lots, accommodating both small and large traders. Overnight fees are applicable, and the broker provides transparent information regarding swap rates for different instruments.

6. Fund Management

World Forex supports multiple deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• E-wallets: Such as Perfect Money, AdvCash, and more.

The minimum deposit requirement varies by account type, with the lowest being $1. Deposits are typically processed within one business day, and the broker does not charge deposit fees; however, third-party fees may apply.

Withdrawal methods include the same options as deposits, with specific limits and processing times depending on the chosen method. Withdrawals are generally processed within 24 hours, but clients should be aware of potential fees associated with certain withdrawal methods.

7. Customer Support and Educational Resources

World Forex provides comprehensive customer support through various channels:

• Phone Support: Available during business hours.
• Email Support: For detailed inquiries and assistance.
• Live Chat: Instant support for urgent queries.
• Social Media: Engagement through platforms like Facebook and Twitter.

The broker offers support in multiple languages, ensuring accessibility for a global clientele. Educational resources include webinars, tutorials, and e-books, aimed at helping traders enhance their knowledge and skills.

Market analysis services are also available, providing clients with daily updates, news, and research reports to assist in their trading decisions. Additional trading tools, such as calculators and economic calendars, are provided to support traders in their analysis.

8. Regional Coverage and Restrictions

World Forex primarily serves clients in various regions, including Europe, Asia, and the Americas. The broker has established a presence in multiple countries, ensuring compliance with local regulations.

However, there are specific countries where World Forex does not accept clients, typically due to regulatory restrictions. These regions may include countries under international sanctions or those with stringent financial regulations that the broker cannot comply with.

In conclusion, World Forex presents itself as a competitive option in the forex trading landscape, offering a variety of services and products tailored to meet the needs of diverse traders. With a focus on regulatory compliance, advanced technology, and customer support, it aims to provide a reliable trading environment for its clients.