Compare FXGiants vs WorldForex
What is FXGiants? What is WorldForex?
FXGiants is a trade name of Notesco Limited, a company registered in Bermuda that offers online trading of forex and CFDs on various assets, such as metals, indices, commodities, futures, and shares. FXGiants claims to provide competitive trading conditions, such as low to zero commission rates, leverage up to 1:1000, and various bonuses and promotions.
World Forex is a trade name of Existrade Limited, a company registered in Saint Vincent and the Grenadines that offers online trading of forex and digital contracts on various assets, such as metals, indices, commodities, and shares. World Forex claims to provide the best conditions for trade, such as low minimum deposit of $1, leverage up to 1:1000, and various bonuses and cashback programs.
FXGiants vs WorldForex Regulation Comparison
FXGiants is a member of the Financial Commission, an independent self-regulatory organization that resolves disputes in the financial services industry. FXGiants also holds licenses from the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC).
World Forex is also a member of the Financial Commission. However, World Forex does not seem to hold any other licenses from reputable regulators, which may raise some concerns about its credibility and safety.
FXGiants vs WorldForex Trading Assets Comparison
FXGiants offers over 200 trading instruments across six asset classes: forex, metals, indices, commodities, futures, and shares. FXGiants provides access to major, minor, and exotic currency pairs, as well as spot metals like gold and silver. FXGiants also offers CFDs on global indices, such as S&P 500 and FTSE 100, commodities, such as oil and natural gas, futures contracts on various markets, and shares of popular companies, such as Apple and Google.
World Forex offers over 200 trading instruments across four asset classes: forex, metals, indices, and commodities. World Forex provides access to major and minor currency pairs, as well as spot metals like gold and silver. World Forex also offers digital contracts on global indices, such as Dow Jones and DAX 30, commodities, such as oil and coffee, and shares of popular companies, such as Facebook and Microsoft.
FXGiants vs WorldForex Trading Fees Comparison
FXGiants charges different fees depending on the account type and the trading instrument. FXGiants offers six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero. The fees vary from zero commission with variable spreads from 1.0 pips to $9 per lot per side with fixed spreads from 0.0 pips. FXGiants also charges swap fees for holding positions overnight and may charge inactivity fees for dormant accounts.
World Forex charges different fees depending on the trading instrument and the trading platform. World Forex offers two trading platforms: MetaTrader 4 for forex trading and WebTrader for digital contracts trading. The fees vary from zero commission with variable spreads from 0.8 pips for forex trading to fixed commission of $0.5 per contract for digital contracts trading. World Forex also charges swap fees for holding positions overnight and may charge withdrawal fees for certain payment methods.
FXGiants vs WorldForex Account Types Comparison
FXGiants offers six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero. Each account type has different features and requirements, such as minimum deposit, leverage, execution type, trading platform, and available instruments. For example, the Live Floating Spread account requires a minimum deposit of $100, offers leverage up to 1:1000, uses market execution, supports MetaTrader 4 platform, and allows trading of all instruments except futures.
World Forex offers two account types: W-Cent and W-Pro. Each account type has different features and requirements, such as minimum deposit, leverage, execution type, trading platform, and available instruments. For example, the W-Cent account requires a minimum deposit of $1, offers leverage up to 1:1000, uses instant execution, supports MetaTrader 4 platform, and allows trading of forex and metals.
FXGiants vs WorldForex Deposit Options Comparison
FXGiants supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets, and local payment methods. FXGiants does not charge any fees for deposits and withdrawals, but some payment providers may charge their own fees. FXGiants processes deposits and withdrawals within one business day, but some payment methods may take longer to reflect in the account.
World Forex supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets, and local payment methods. World Forex compensates all commissions of payment systems for replenishing an account, but may charge withdrawal fees for certain payment methods. World Forex processes deposits and withdrawals within 30 minutes, but some payment methods may take longer to reflect in the account.
FXGiants vs WorldForex Trading Platforms Comparison
FXGiants supports MetaTrader 4 as its main trading platform for forex and CFDs trading MetaTrader 4 is a popular and user-friendly platform that offers advanced features, such as multiple chart types, technical indicators, trading robots, market signals, and one-click trading. FXGiants also provides a web-based version and a mobile app version of MetaTrader 4 for convenient access from any device.
World Forex supports MetaTrader 4 and WebTrader as its main trading platforms for forex and digital contracts trading respectively. MetaTrader 4 is a popular and user-friendly platform that offers advanced features, such as multiple chart types, technical indicators, trading robots, market signals, and one-click trading. WebTrader is a simple and intuitive platform that offers basic features, such as chart analysis, trade history, and risk management. World Forex also provides a mobile app version of MetaTrader 4 and WebTrader for convenient access from any device.
FXGiants vs WorldForex Analytical Tools Comparison
FXGiants provides various analytical tools to help its clients make informed trading decisions, such as economic calendar, market news, market analysis, trading signals, VPS hosting, PMAM software, and widgets. FXGiants also offers educational resources, such as webinars, seminars, ebooks, videos, tutorials, and articles to help its clients improve their trading skills and knowledge.
World Forex provides various analytical tools to help its clients make informed trading decisions, such as economic calendar, market news, market analysis, trading signals, AutoTrade service, VPS hosting, and widgets. World Forex also offers educational resources, such as webinars, seminars, ebooks, videos, tutorials, and articles to help its clients improve their trading skills and knowledge.
FXGiants vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on many different factors, such as your trading style, preferences, goals and risk appetite. There is no definitive answer as to which forex broker is better, as different brokers may suit different traders. However, here are some of the main advantages and disadvantages of FXGiants and World Forex, which can help you make an informed choice.
Some of the advantages of FXGiants are:
- FXGiants is regulated by multiple reputable authorities, such as ASIC, FCA, and CySEC, which may enhance its credibility and trustworthiness.
- FXGiants offers a wide range of trading instruments across six asset classes, including forex, metals, indices, commodities, futures, and shares. This may give you more opportunities and flexibility to diversify your portfolio and trade according to your interests and strategies.
- FXGiants supports MetaTrader 4 as its main trading platform for forex and CFDs trading. MetaTrader 4 is a popular and user-friendly platform that offers advanced features, such as multiple chart types, technical indicators, trading robots, market signals, and one-click trading.
- FXGiants provides various analytical tools and educational resources to help you make informed trading decisions and improve your trading skills and knowledge. For example, you can access economic calendar, market news, market analysis, trading signals, VPS hosting, PMAM software, widgets, webinars, seminars, ebooks, videos, tutorials, and articles.
Some of the disadvantages of FXGiants are:
- FXGiants charges different fees depending on the account type and the trading instrument. Some of the fees may be high or hidden, such as commission rates up to $9 per lot per side, swap fees for holding positions overnight, and inactivity fees for dormant accounts.
- FXGiants requires a minimum deposit of $100 for most of its account types. This may be a barrier for some traders who have a low budget or want to start with a small amount.
- FXGiants does not offer digital contracts as a trading instrument. Digital contracts are a type of derivative that allow you to speculate on the price movement of an underlying asset without owning it. They have a fixed expiry time and payout structure. Some traders may prefer digital contracts over CFDs because they offer more simplicity and transparency.
Some of the advantages of World Forex are:
- World Forex offers low minimum deposit of $1 for both of its account types. This may be attractive for some traders who have a low budget or want to start with a small amount.
- World Forex offers leverage up to 1:1000 for both forex and digital contracts trading. This may amplify your potential profits if you have a successful trade. However, leverage also increases your potential losses if you have an unsuccessful trade. Therefore, you should use leverage with caution and risk management.
- World Forex offers digital contracts as a trading instrument. Digital contracts are a type of derivative that allow you to speculate on the price movement of an underlying asset without owning it. They have a fixed expiry time and payout structure. Some traders may prefer digital contracts over CFDs because they offer more simplicity and transparency.
- World Forex compensates all commissions of payment systems for replenishing an account. This may save you some costs when you deposit funds into your account.
Some of the disadvantages of World Forex are:
- World Forex is not regulated by any reputable authorities besides the Financial Commission. This may raise some concerns about its credibility and safety. The Financial Commission is an independent self-regulatory organization that resolves disputes in the financial services industry. However, it does not have any legal power or authority to enforce its decisions or protect clients’ funds.
- World Forex offers a limited range of trading instruments across four asset classes: forex, metals, indices, and commodities. This may limit your opportunities and flexibility to diversify your portfolio and trade according to your interests and strategies.
- World Forex supports WebTrader as its main trading platform for digital contracts trading. WebTrader is a simple and intuitive platform that offers basic features, such as chart analysis, trade history, and risk management. However, it may lack some advanced features that other platforms offer, such as technical indicators, trading robots, market signals, and one-click trading.
