Compare FP Markets vs WorldForex
What is FP Markets? What is WorldForex ?
FP Markets is an Australian-based online broker that offers forex and CFD trading on various platforms, including MT4, MT5 and Iress. WorldForex is a Belize-based online broker that offers forex and binary options trading on the MetaTrader 4 platform.
FP Markets vs WorldForex Regulation Comparison
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). WorldForex is regulated by the International Financial Services Commission of Belize (IFSC). FP Markets has a higher trust score than WorldForex, as it holds more tier-1 and tier-2 licenses from reputable regulators.
FP Markets vs WorldForex Trading Assets Comparison
FP Markets offers a wider range of trading assets than WorldForex, including over 10,000 instruments across forex, indices, commodities, shares, cryptocurrencies and futures. WorldForex offers only forex and binary options trading, with a limited number of currency pairs and expiry times.
FP Markets vs WorldForex Trading Fees Comparison
FP Markets offers lower spreads and commissions than WorldForex, as well as more transparent pricing models. FP Markets has an average raw spread of 0.09 pips on the EUR/USD pair, with a commission of $7 per lot round turn. WorldForex has an average spread of 1.5 pips on the EUR/USD pair, with no commission but a high swap fee of 0.5% per day. FP Markets also offers zero deposit and withdrawal fees, while WorldForex charges a 2% fee for withdrawals.
FP Markets vs WorldForex Account Types Comparison
FP Markets offers four account types: Standard, Raw, Raw Plus and Iress. The Standard account has no commission but higher spreads, while the Raw and Raw Plus accounts have lower spreads but a commission of $3 or $6 per lot respectively. The Iress account is designed for share trading, with a commission of 0.08% or $10 minimum per trade.
WorldForex offers only one account type: Standard. The Standard account has no commission but higher spreads and swap fees.
FP Markets vs WorldForex Deposit Options Comparison
FP Markets offers more deposit and withdrawal options than WorldForex, including credit/debit cards, bank wire transfers, e-wallets such as Skrill, Neteller and PayPal, and cryptocurrencies such as Bitcoin and Ethereum. WorldForex offers only credit/debit cards, bank wire transfers and WebMoney as payment methods.
FP Markets vs WorldForex Trading Platforms Comparison
FP Markets offers more trading platforms than WorldForex, including MetaTrader 4, MetaTrader 5, cTrader and Iress. These platforms are compatible with various devices such as desktops, laptops, tablets and smartphones. They also offer advanced features such as automated trading, social trading, custom indicators and analytical tools.
WorldForex offers only MetaTrader 4 as its trading platform, which is also available on various devices but has fewer features than the other platforms offered by FP Markets.
FP Markets vs WorldForex Analytical Tools Comparison
FP Markets offers more analytical tools than WorldForex, including market news, economic calendar, trading signals, market analysis, webinars, ebooks and videos. These tools can help traders stay updated on the market trends, learn new skills and strategies, and improve their trading performance.
WorldForex offers only an economic calendar and some basic market news as its analytical tools
FP Markets vs WorldForex . Which forex broker is better? Which forex broker should you choose?
It can be seen that FP Markets is a better forex broker than WorldForex, as it offers more trading assets, lower fees, more account types, more payment methods, more trading platforms and more analysis tools. However, the final decision depends on your personal preferences, trading style and goals. You should consider your risk appetite, trading capital, level of experience and goals before choosing a forex broker. You can also read some online reviews and feedback from other traders to better understand their reputation and customer service. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
