Compare Forex.com vs WorldForex
What is Forex.com? What is WorldForex?
Forex.com is a global online broker that offers trading services in forex, stocks, indices, metals, commodities, and cryptocurrencies. Forex.com is owned and operated by GAIN Capital Holdings, Inc., a publicly traded company listed on the New York Stock Exchange.
WorldForex is an online broker that specializes in forex trading, offering over 50 currency pairs, as well as CFDs on indices, metals, commodities, and cryptocurrencies. WorldForex is owned and operated by Existrade Limited, a company registered in Vanuatu and regulated by the Vanuatu Financial Services Commission.
Forex.com vs WorldForex Regulation Comparison
Forex.com is regulated by several reputable authorities in different jurisdictions, such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Japan Financial Services Agency (JFSA).
WorldForex is only regulated by the Vanuatu Financial Services Commission (VFSC), which is considered a low-tier regulator with lax oversight and minimal investor protection.
Forex.com vs WorldForex Trading Assets Comparison
Forex.com offers a wider range of trading assets than WorldForex, with access to over 80 forex pairs, over 4500 stocks, 17 equity indices, 4 metals, 8 commodities, and 5 cryptocurrencies. WorldForex offers only 52 forex pairs, 13 equity indices, 4 metals, 4 commodities, and 5 cryptocurrencies .
Forex.com vs WorldForex Trading Fees Comparison
Forex.com charges variable and fixed spreads, depending on the markets that you trade. Forex.com also charges commission on stocks only, ranging from 0.05% to 0.15% per trade.
WorldForex charges variable spreads only, which are generally higher than those of Forex.com. WorldForex also charges commission on all trades, ranging from $6 to $10 per lot.
Forex.com vs WorldForex Account Types Comparison
Forex.com offers two types of accounts: Standard and RAW pricing. The Standard account has no commission but higher spreads, while the RAW pricing account has lower spreads but commission charges. Both accounts have a minimum deposit of $100 and a maximum leverage of 1:500.
WorldForex offers four types of accounts: Micro, Mini, Standard, and VIP. The Micro account has a minimum deposit of $1 and a maximum leverage of 1:1000, but limited trading instruments. The Mini account has a minimum deposit of $10 and a maximum leverage of 1:500, with more trading instruments available. The Standard account has a minimum deposit of $100 and a maximum leverage of 1:500, with all trading instruments available. The VIP account has a minimum deposit of $1000 and a maximum leverage of 1:200, with lower spreads and commission fees.
Forex.com vs WorldForex Deposit Options Comparison
Forex.com supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay, BPay, FasaPay, Sofort Banking, Rapid Transfer.
WorldForex supports fewer deposit and withdrawal methods, such as bank wire transfer, credit/debit card, WebMoney, Qiwi Wallet.
Forex.com vs WorldForex Trading Platforms Comparison
Forex.com offers its own proprietary trading platforms (web-based platform or desktop platform), as well as the third-party MetaTrader 4 platform. All platforms are available on web, mobile and desktop devices. Forex.com’s platforms have advanced charting tools, streaming market commentary, Reuters news, economic calendar. MetaTrader 4 is a popular platform that supports automated trading (Expert Advisors), indicator creation. WorldForex also offers MetaTrader 4 as its main trading platform on web, mobile and desktop devices. However, WorldForex does not offer any other platforms or additional features for MetaTrader 4.
Forex.com vs WorldForex Analytical Tools Comparison
Forex.com provides various analytical tools to help traders make informed decisions. Some of these tools are proprietary one-click-to-trade signals (SMART Signals), technical insights from Trading Central (Quantitative & Technical Analysis), performance analytics that analyze your past trading behavior.
Forex.com also offers exclusive tools for MetaTrader 4 users such as trade sentiment tool (Speculative Sentiment Index), correlation trader tool (Correlation Matrix), indicator-based alerts tool (Alarm Manager). WorldForex does not provide any analytical tools apart from the basic ones available on MetaTrader 4.
Forex.com vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Forex.com seems to be a better forex broker than WorldForex in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Forex.com is more reputable, diverse, competitive, flexible, convenient, user-friendly, and helpful than WorldForex. However, the choice of a forex broker depends on your personal preferences, trading style, and risk appetite. You should do your own research and compare different brokers before making a final decision.
