Compare FXOpen vs WorldForex
What is FXOpen? What is WorldForex?
FXOpen is a forex broker that was established in 2003 and offers ECN, STP, and Crypto accounts with various trading instruments, platforms, and tools. World Forex is a forex broker that was founded in 2007 and offers Forex, Digital contracts, and Jet Trade accounts with low spreads, leverage, and commissions.
FXOpen vs WorldForex Regulation Comparison
FXOpen is regulated by FCA (UK), ASIC (Australia), and The Financial Commission (UK). World Forex is registered as an International Business Company (IBC) in Saint Lucia and Saint Vincent and the Grenadines. FXOpen has a higher level of regulation than World Forex.
FXOpen vs WorldForex Trading Assets Comparison
FXOpen offers more than 200 trading instruments, including 50 currency pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs, and commodity CFDs. World Forex offers over 200 trading instruments, including 50 currency pairs, gold and silver, and 43 pairs with BTC, LTC, EOS, PPC, ETH, DASH, EMC. FXOpen has a wider range of trading instruments than World Forex.
FXOpen vs WorldForex Trading Fees Comparison
FXOpen charges variable spreads from 0 pips and commissions from $1.5 per lot on ECN accounts. World Forex charges fixed spreads from 0.8 pips and no commissions on Forex accounts. FXOpen has lower spreads but higher commissions than World Forex.
FXOpen vs WorldForex Account Types Comparison
FXOpen offers three types of accounts: ECN, STP, and Crypto. The minimum deposit for ECN and STP accounts is $100, while for Crypto accounts it is $10. World Forex offers three types of accounts: Forex, Digital contracts, and Jet Trade. The minimum deposit for Forex and Digital contracts accounts is $1, while for Jet Trade accounts it is $10. World Forex has lower minimum deposits than FXOpen.
FXOpen vs WorldForex Deposit Options Comparison
FXOpen supports various deposit and withdrawal options, such as wire transfer, credit/debit cards, FasaPay, crypto currencies, WebMoney, and AdvCash.
World Forex supports several deposit and withdrawal options, such as wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, Qiwi Wallet, Yandex Money, Bitcoin Cash ABC (BCH), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether ERC20 (USDT). World Forex has more payment methods than FXOpen.
FXOpen vs WorldForex Trading Platforms Comparison
FXOpen provides trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader, and TradingView. World Forex provides trading platforms such as MetaTrader 4 (MT4) and WebTrader. FXOpen has more advanced and diverse trading platforms than World Forex.
FXOpen vs WorldForex Analytical Tools Comparison
FXOpen offers various analytical tools such as economic calendar, market news, technical analysis indicators, trading signals service, strategy tester, VPS service, MQL4/5 development environment. World Forex offers some analytical tools such as economic calendar, market news feed, technical analysis indicators. FXOpen has more comprehensive and innovative analytical tools than World Forex.
FXOpen vs WorldForex. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading style, preferences, goals, and risk appetite. However, here are some general suggestions:
- If you are looking for a broker with a higher level of regulation, more trading instruments, lower spreads, and more advanced and diverse trading platforms and tools, you may prefer FXOpen over World Forex.
- If you are looking for a broker with lower minimum deposits, no commissions, and more payment methods, you may prefer World Forex over FXOpen.
Ultimately, the choice is yours and you should do your own research and due diligence before opening an account with any broker.
