Compare FX Choice vs WorldForex
What is FX Choice? What is WorldForex?
FX Choice is an online forex broker that offers trading services in forex, indices, metals, commodities, energies, and cryptocurrencies. FX Choice is regulated by the Financial Services Commission (FSC) of Belize and has been in operation since 2010.
WorldForex is an online forex broker that offers trading services in forex, digital contracts, stocks, indices, commodities, and cryptocurrencies. WorldForex is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines and Saint Lucia and has been in operation since 2007
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
FX Choice vs WorldForex Regulation Comparison
FX Choice is regulated by the FSC of Belize, which is a reputable regulator that requires brokers to adhere to certain standards of capital adequacy, segregation of client funds, anti-money laundering, and financial reporting. WorldForex is registered as an IBC in Saint Vincent and the Grenadines and Saint Lucia, which are offshore jurisdictions that do not impose any regulatory oversight or supervision on forex brokers. Therefore, FX Choice has a higher level of regulation than WorldForex.
FX Choice vs WorldForex Trading Assets Comparison
FX Choice offers trading in 36 currency pairs, as well as indices, metals, commodities, energies, and cryptocurrencies. FX Choice provides access to the interbank market through its ECN technology and offers leverage up to 1:1000. WorldForex offers trading in 36 currency pairs, as well as digital contracts, stocks, indices, commodities, and cryptocurrencies. WorldForex does not use ECN technology and offers leverage up to 1:1000. Therefore, FX Choice has a wider range of trading assets than WorldForex.
FX Choice vs WorldForex Trading Fees Comparison
FX Choice charges variable spreads that start from 0.5 pips on its Classic account, and commissions that start from $3.86 per lot on its Pro account. FX Choice also charges rollover fees for holding positions overnight and withdrawal fees for some payment methods.
WorldForex charges floating spreads that start from 1.3 pips on its Standard account, and commissions that start from $10 per lot on its ECN account. WorldForex also charges rollover fees for holding positions overnight and withdrawal fees for some payment methods. Therefore, FX Choice has lower trading fees than WorldForex.
FX Choice vs WorldForex Account Types Comparison
FX Choice offers three types of accounts: Classic, Pro, and Optimum. The Classic account has no commissions but higher spreads, the Pro account has lower spreads but commissions, and the Optimum account has no commissions but fixed spreads. The minimum deposit for all accounts is $100.
WorldForex offers four types of accounts: Standard, ECN, Pro-Cent, and StocksTrader. The Standard account has no commissions but higher spreads, the ECN account has lower spreads but commissions, the Pro-Cent account is designed for micro trading with cents as the base currency unit, and the StocksTrader account is dedicated for trading stocks only. The minimum deposit for all accounts is $10. Therefore, FX Choice and WorldForex have different account types that cater to different trading preferences and styles.
FX Choice vs WorldForex Deposit Options Comparison
FX Choice supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, Perfect Money), cryptocurrencies (Bitcoin, Ethereum), and local payment methods (PaySafeCard).
WorldForex also supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (WebMoney), cryptocurrencies (Bitcoin), and local payment methods (Qiwi). Therefore, FX Choice and WorldForex have similar deposit and withdrawal options that are convenient and secure.
FX Choice vs WorldForex Trading Platforms Comparison
FX Choice supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile devices. MT4 and MT5 are the most popular trading platforms in the world that offer advanced technical analysis tools, flexible trading systems, algorithmic trading features, and trading signals. WorldForex also supports the MT4 platform for desktop, web, and mobile devices. However, WorldForex does not support the MT5 platform. Therefore, FX Choice has more trading platform options than WorldForex.
FX Choice vs WorldForex Analytical Tools Comparison
FX Choice vs WorldForex Analytical Tools Comparison:
- FX Choice has more analytical tools than WorldForex.
- FX Choice provides the following analytical tools for its clients:
- Economic calendar
- Market news feed
- Daily market analysis
- Weekly market outlook
- Trading calculators
- VPS service
- Myfxbook AutoTrade
- ZuluTrade
- MQL5 signals
- FXChoice Copy Trading
- FXChoice Pips+ Loyalty Programme
- FXChoice Refer-and-Earn Programme
- FXChoice Welcome Bonus
- FXChoice Crypto Bonus
- WorldForex provides the following analytical tools for its clients:
- Economic calendar
- Market news feed
- Cashback Club
- Jet Trade
- 100% Deposit Bonus
- World Forex Education
FX Choice vs WorldForex. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
