Forex World Broker Review

　　

Forex World 2025 Review: Everything You Need to Know

　　

Summary

　　Forex World has garnered mixed reviews, with users appreciating its low minimum deposit and wide range of trading instruments, but expressing concerns over its regulatory status and customer support. Key features include high leverage options and multiple trading platforms, including MT4 and MT5. However, the lack of robust regulation raises questions about the safety of funds and overall trustworthiness.

　　Note: It is important to recognize that Forex World operates under different entities across regions, which impacts its regulatory standing and user experience. This review aims to provide a fair and accurate assessment based on various sources.

　　

Rating Box

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	5
Trading Experience	6
Trustworthiness	4
User Experience	5

　　We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data derived from multiple sources.

　　

Broker Overview

　　Founded in 2007, Forex World operates under the umbrella of Existrade Ltd., with its headquarters located in Saint Vincent and the Grenadines. The broker primarily serves clients across various regions, offering access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Forex World provides a diverse range of trading instruments, including forex, CFDs, cryptocurrencies, and digital contracts. However, it is important to note that Forex World is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), which is not considered a top-tier regulatory body.

　　

Detailed Section

　　

Regulatory Regions

　　Forex World is registered in multiple jurisdictions, including the British Virgin Islands and Saint Vincent and the Grenadines. While it holds a license from the SVG FSA, this regulatory framework is often criticized for its lax standards, raising concerns about the broker's credibility and the safety of client funds. Additionally, Forex World is a member of the Financial Commission, which offers compensation up to €20,000 per client in case of disputes, providing some level of security to traders.

　　

Deposit/Withdrawal Currencies/Cryptocurrencies

　　Forex World supports a variety of currencies for deposits and withdrawals, including USD, EUR, and RUB. Clients can also use cryptocurrencies like Bitcoin for transactions. The minimum deposit requirement is just $1, making it accessible for new traders. However, withdrawal fees can apply, particularly for credit card transactions, which are charged at 4% plus $5.

　　

Minimum Deposit

　　The minimum deposit across all account types at Forex World is set at an attractive $1. This low entry point is designed to encourage new traders to enter the forex market without significant financial risk. However, some users have reported issues with withdrawal processes and the need to meet specific bonus requirements before funds can be accessed.

　　

Bonuses/Promotions

　　Forex World offers several promotional incentives, including a 100% deposit bonus for new clients and various cash-back programs. Promotions are often tied to specific deposit amounts, with the potential for additional benefits like free VPS access. However, the terms and conditions associated with these bonuses can be complex, and traders are advised to read them carefully to understand the implications.

　　

Tradable Asset Classes

　　Forex World provides a wide array of trading instruments, including over 50 currency pairs, CFDs on stocks, commodities, and cryptocurrencies. The availability of digital contracts, which function similarly to binary options, adds another layer of trading opportunities. However, some users have noted that the selection of assets may not be as extensive as that offered by more established brokers.

　　

Costs (Spreads, Fees, Commissions)

　　Forex World employs a commission-free trading model, but spreads can vary significantly depending on the account type. Fixed spreads start from 1.8 pips, while floating spreads can begin as low as 0.6 pips for certain accounts. Users should be aware of overnight swap rates, which can add to trading costs, particularly for long-term positions.

　　

Leverage

　　Forex World offers high leverage options, up to 1:1000, depending on the account type and balance. While this can amplify potential profits, it also significantly increases risk, particularly for inexperienced traders. The broker's flexibility in leverage allows traders to choose a risk level that suits their individual strategies.

　　

Allowed Trading Platforms

　　Clients can trade using the popular MT4 and MT5 platforms, known for their advanced charting tools and automated trading capabilities. Additionally, Forex World offers a proprietary web trader and mobile applications for trading on the go. However, some users have reported that the mobile app lacks the functionality and responsiveness of its desktop counterparts.

　　

Restricted Regions

　　Forex World does not accept clients from certain jurisdictions, including the United States and other countries subject to international sanctions. This limitation can restrict potential clients from accessing the broker's services, impacting its overall market reach.

　　

Available Customer Support Languages

　　Forex World provides customer support in multiple languages, including English, Thai, and Arabic. However, user reviews indicate that the quality of customer service can be inconsistent, with some clients reporting difficulties in reaching support or receiving satisfactory responses to their inquiries.

　　

Repeat Rating Box

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	5
Trading Experience	6
Trustworthiness	4
User Experience	5

　　

Detailed Breakdown

　　

Account Conditions

　　Forex World offers various account types catering to different trading styles, but its unregulated status raises concerns about the safety of funds.

　　

Tools and Resources

　　The broker provides useful trading tools, including MT4 and MT5, as well as educational resources, but the quality and depth of these resources could be improved.

　　

Customer Service and Support

　　Customer support is available in several languages, but user feedback suggests that response times and effectiveness can vary.

　　

Trading Experience

　　The trading experience on Forex World can be enhanced by its low minimum deposit and diverse asset offerings, though the trading platform's performance may not meet all users' expectations.

　　

Trustworthiness

　　The lack of robust regulation and mixed user feedback regarding withdrawals contribute to a lower trustworthiness rating for Forex World.

　　

User Experience

　　While many users appreciate the low barrier to entry, concerns about customer support and withdrawal processes can negatively impact the overall user experience.

　　In conclusion, Forex World presents an appealing option for novice traders due to its low minimum deposit and wide range of trading instruments. However, potential clients should carefully consider the risks associated with its unregulated status and mixed user reviews before opening an account. As always, conducting thorough research and considering alternative, more regulated brokers is advisable.