Compare Land-FX vs WorldForex
What is Land-FX? What is WorldForex?
Land-FX is a forex and CFD broker that offers trading on the MT4 and MT5 platforms. Land-FX is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
WorldForex is a forex and digital contracts broker that offers trading on the MT4 platform. WorldForex is registered as an International Business Company (IBC) in Saint Lucia.
Land-FX vs WorldForex Regulation Comparison
Land-FX is regulated by the FSA of Saint Vincent and the Grenadines, which is a low-tier offshore regulator that does not provide much protection or oversight for traders.
WorldForex is registered as an IBC in Saint Lucia, which is also a low-tier offshore jurisdiction that does not require any license or regulation for forex brokers. Neither Land-FX nor WorldForex are regulated by any reputable authorities such as the FCA, ASIC, CySEC, or NFA.
Land-FX vs WorldForex Trading Assets Comparison
Land-FX offers over 200 trading instruments, including forex, metals, indices, commodities, and futures. WorldForex offers over 200 trading instruments, including forex, metals, indices, commodities, and digital contracts. Digital contracts are a type of binary option that allow traders to speculate on the direction of price movements of various assets.
Land-FX vs WorldForex Trading Fees Comparison
Land-FX charges variable spreads and commissions depending on the account type. The standard account has no commission but higher spreads, while the ECN account has lower spreads but a commission of $0.3 per lot per side.
WorldForex charges fixed spreads and no commission for forex trading, but charges a commission of up to 25% for digital contracts trading. The spreads and commissions of both brokers are not very competitive compared to other brokers in the market.
Land-FX vs WorldForex Account Types Comparison
Land-FX offers three account types: standard, ECN, and swap-free. The minimum deposit for the standard and swap-free accounts is $10, while the minimum deposit for the ECN account is $1000. The maximum leverage for the standard and swap-free accounts is 2000:1, while the maximum leverage for the ECN account is 1000:1.
WorldForex offers four account types: micro, mini, standard, and VIP. The minimum deposit for the micro account is $1, while the minimum deposit for the other accounts ranges from $100 to $5000. The maximum leverage for all accounts is 1000:1.
Land-FX vs WorldForex Deposit Options Comparison
Land-FX supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, WebMoney, Bitcoin, and more.
WorldForex supports fewer deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Bitcoin, and more. Both brokers claim to process withdrawal requests within 30 minutes, but some user reviews suggest otherwise.
Land-FX vs WorldForex Trading Platforms Comparison
Land-FX provides the MT4 and MT5 platforms for forex and CFD trading. The platforms are available for Windows, Mac, Linux, Android, iOS devices. WorldForex provides only the MT4 platform for forex and digital contracts trading. The platform is available for Windows, Mac, Android, iOS devices. Both brokers offer web-based versions of their platforms as well.
Land-FX vs WorldForex Analytical Tools Comparison
Land-FX and WorldForex both offer basic analytical tools such as indicators, charts, news feeds, and economic calendars on their platforms. However, neither broker provides advanced tools such as trading signals, social trading, market analysis, or education materials on their websites. Traders who want to access more sophisticated tools may need to use third-party sources or subscribe to premium services.
Land-FX vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, and preferences. Both Land-FX and WorldForex are offshore forex brokers that offer similar trading instruments and platforms but differ in terms of regulation, fees, account types, deposit and withdrawal options, and analytical tools. You should weigh the pros and cons of each broker carefully before making your decision. You should also do your own research and due diligence before opening an account with any broker. Trading forex involves high risks and you may lose more than your initial investment. Trade responsibly and only with money you can afford to lose.
