Compare easyMarkets vs WorldForex
What is easyMarkets? What is WorldForex?
easyMarkets is an online trading broker that offers forex, CFDs, indices, metals, commodities, cryptocurrencies, options, and more. It was established in 2001 and is regulated by CySEC, ASIC, FSA, and FSC.
World Forex is an online trading broker that offers forex, digital contracts, stocks, and futures. It was established in 2007 and is a member of the Financial Commission.
easyMarkets vs WorldForex Regulation Comparison
easyMarkets has four regulatory licenses from CySEC (Cyprus), ASIC (Australia), FSA (Seychelles), and FSC (British Virgin Islands). World Forex is not regulated by any official authority, but it is a member of the Financial Commission, an international organization that resolves disputes in the financial services industry.
easyMarkets vs WorldForex Trading Assets Comparison
easyMarkets offers over 200 trading instruments, including forex, CFDs, indices, metals, commodities, cryptocurrencies, options, and more. World Forex offers over 200 trading instruments as well, including forex, digital contracts, stocks, and futures.
easyMarkets vs WorldForex Trading Fees Comparison
easyMarkets has fixed spreads that start from 0.8 pips for forex pairs and no commissions or hidden fees. World Forex has variable spreads that start from 0.5 pips for forex pairs and no commissions or hidden fees.
easyMarkets vs WorldForex Account Types Comparison
easyMarkets has three account types: Standard, Premium, and VIP. The minimum deposit for each account is $25, $2,000, and $10,000 respectively. World Forex has two account types: W-PROFI and W-CENT. The minimum deposit for each account is $1 and $0.01 respectively.
easyMarkets vs WorldForex Deposit Options Comparison
easyMarkets supports various deposit and withdrawal options, such as WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, Crypto, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay.
World Forex supports fewer deposit and withdrawal options, such as WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller and Bitcoin.
easyMarkets vs WorldForex Trading Platforms Comparison
easyMarkets provides trading with MetaTrader 4 (MT4), MetaTrader 5 (MT5), easyMarkets Web Platform (Web & App), and TradingView platforms. World Forex provides trading with MetaTrader 4 (MT4) platform only.
easyMarkets vs WorldForex Analytical Tools Comparison
easyMarkets offers various analytical tools to help traders with their strategies. Some of these tools are dealCancellation (a feature that allows traders to undo a losing trade within a certain time frame), Inside Viewer (a tool that shows the percentage of traders buying and selling a certain instrument), Freeze Rate (a feature that allows traders to pause the price they see for a few seconds), easyTrade (a tool that lets traders trade with limited risk and unlimited potential), and Vanilla Options (a powerful trading tool with a predefined risk amount).
World Forex does not offer any specific analytical tools other than the ones available on MT4 platform.
easyMarkets vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals, and risk appetite. There is no definitive answer to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, here are some possible factors that you may want to consider:
- Regulation: easyMarkets has more regulatory licenses than World Forex, which may indicate a higher level of trustworthiness and security for your funds. World Forex is not regulated by any official authority, but it is a member of the Financial Commission, which may provide some protection and dispute resolution for traders.
- Trading Assets: Both brokers offer a similar range of trading instruments, including forex, CFDs, stocks, and more. However, easyMarkets also offers options and cryptocurrencies, which may appeal to some traders who are interested in these markets.
- Trading Fees: Both brokers have no commissions or hidden fees, but they have different types of spreads. easyMarkets has fixed spreads that start from 0.8 pips for forex pairs, while World Forex has variable spreads that start from 0.5 pips for forex pairs. Fixed spreads may offer more stability and predictability, while variable spreads may offer lower costs in some market conditions.
- Account Types: easyMarkets has three account types with different minimum deposits and benefits. The higher the account type, the lower the spreads and the more features you can access. World Forex has two account types with very low minimum deposits and similar features. The main difference is that the W-CENT account allows you to trade with micro lots and cents.
- Deposit and Withdrawal Options: easyMarkets supports more deposit and withdrawal options than World Forex, including various e-wallets, cryptocurrencies, and local payment methods. This may give you more flexibility and convenience when funding your account or withdrawing your profits.
- Trading Platforms: easyMarkets provides more trading platforms than World Forex, including MT4, MT5, easyMarkets Web Platform (Web & App), and TradingView. These platforms may offer different functionalities and user experiences for traders. World Forex only provides MT4 platform, which is a popular and widely used platform among forex traders.
- Analytical Tools: easyMarkets offers various analytical tools to help traders with their strategies. Some of these tools are unique and innovative, such as dealCancellation, Inside Viewer, Freeze Rate, easyTrade, and Vanilla Options. These tools may give you an edge in the market or enhance your trading experience. World Forex does not offer any specific analytical tools other than the ones available on MT4 platform.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their services and features before committing to a real account. You can also read reviews from other traders who have used these brokers and learn from their experiences.
