Compare MTrading vs WorldForex
What is MTrading? What is WorldForex?
MTrading is a forex broker that provides trading services for various instruments, such as forex, CFDs, crypto, indices, commodities, and metals. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize and is a member of The Financial Commission, an independent dispute resolution organization.
WorldForex is a forex broker that offers trading services for forex, digital contracts, stocks, and futures. WorldForex is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines and Saint Lucia, and is also a member of The Financial Commission.
MTrading vs WorldForex Regulation Comparison
Both MTrading and WorldForex are regulated by the IFSC of Belize, which is a reputable regulator that ensures the safety and security of traders’ funds and transactions. Both brokers are also members of The Financial Commission, which provides protection and compensation for traders in case of disputes or issues with the brokers.
However, MTrading has an additional regulation from the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which is another offshore regulator that oversees the financial activities of brokers in the jurisdiction. WorldForex does not have any other regulation besides the IFSC and the IBC registration.
MTrading vs WorldForex Trading Assets Comparison
MTrading offers more than 200 trading instruments, including forex, CFDs, crypto, indices, commodities, and metals. MTrading also offers leverage up to 1:1000 for some instruments, which can increase the potential profit or loss of traders.
WorldForex offers fewer trading instruments than MTrading, with only forex, digital contracts, stocks, and futures available. WorldForex also offers leverage up to 1:1000 for some instruments, but only for forex and digital contracts.
MTrading vs WorldForex Trading Fees Comparison
MTrading charges variable spreads for its trading instruments, which means that the spreads can change depending on the market conditions and liquidity. MTrading also charges commissions for some instruments, such as CFDs and crypto.
WorldForex charges fixed spreads for its trading instruments, which means that the spreads are constant regardless of the market conditions and liquidity. WorldForex does not charge any commissions for its trading instruments.
MTrading vs WorldForex Account Types Comparison
MTrading offers four types of accounts for its clients: Standard Account, ECN Account, Crypto Account, and Invest Account. Each account has different features and requirements, such as minimum deposit, spread type, commission rate, leverage level, and available instruments.
WorldForex offers three types of accounts for its clients: Standard Account, Pro Account, and VIP Account. Each account has different features and requirements, such as minimum deposit, spread type, commission rate, leverage level, and available instruments.
MTrading vs WorldForex Deposit Options Comparison
MTrading offers various payment methods for depositing and withdrawing funds from its clients’ accounts. These methods include credit/debit cards, Skrill, Neteller, local bank transfer, crypto, and Tether (USDT). MTrading does not charge any fees for deposits or withdrawals.
WorldForex also offers various payment methods for depositing and withdrawing funds from its clients’ accounts. These methods include credit/debit cards, Skrill, Neteller, UnionPay, and wire transfer. WorldForex does not charge any fees for deposits or withdrawals either.
MTrading vs WorldForex Trading Platforms Comparison
Both MTrading and WorldForex use MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and reliable platform that offers advanced features and tools for technical analysis, automated trading, strategy testing, and more. MetaTrader 4 is available for desktop (Windows/Mac/Linux), web browser (WebTrader), and mobile devices (Android/iOS).
However, WorldForex also offers MetaTrader 5 as an alternative trading platform. MetaTrader 5 is an enhanced version of MetaTrader 4 that offers more features and tools for multi-asset trading (forex/stocks/futures), technical analysis (21 time frames/80+ indicators), automated trading (built-in VPS/trade alerts), strategy testing (built-in strategy tester), and more. MetaTrader 5 is also available for desktop (Windows/Mac/Linux), web browser (WebTrader), and mobile devices (Android/iOS).
MTrading vs WorldForex Analytical Tools Comparison
Both MTrading and WorldForex provide their clients with various analytical tools and resources to help them with their trading decisions and strategies. These tools and resources include market news, economic calendar, trading signals, trading indicators, trading robots, trading advisors, and more.
However, MTrading also offers a unique feature called Autotrade, which allows its clients to copy the trades of successful traders and investors on the MTrading platform. Autotrade is a fully automated platform that enables clients to choose from a list of masters (traders/investors) based on their performance, risk level, and trading style. Clients can then follow the masters’ trades and earn profits without having to monitor the market or execute the trades themselves. WorldForex does not offer any similar feature for its clients.
MTrading vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as each broker has its own strengths and weaknesses, and may suit different types of traders.
However, here are some possible factors that you may want to consider before making your choice:
- Regulation: Both MTrading and WorldForex are regulated by the IFSC of Belize, which is a reputable regulator that ensures the safety and security of traders’ funds and transactions. Both brokers are also members of The Financial Commission, which provides protection and compensation for traders in case of disputes or issues with the brokers . However, MTrading has an additional regulation from the FSA of Saint Vincent and the Grenadines, which is another offshore regulator that oversees the financial activities of brokers in the jurisdiction. WorldForex does not have any other regulation besides the IFSC and the IBC registration. If you value having more regulatory oversight and protection, you may prefer MTrading over WorldForex.
- Trading Assets: MTrading offers more than 200 trading instruments, including forex, CFDs, crypto, indices, commodities, and metals. MTrading also offers leverage up to 1:1000 for some instruments, which can increase the potential profit or loss of traders. WorldForex offers fewer trading instruments than MTrading, with only forex, digital contracts, stocks, and futures available. WorldForex also offers leverage up to 1:1000 for some instruments, but only for forex and digital contracts. If you want to have more variety and flexibility in your trading portfolio, you may prefer MTrading over WorldForex.
- Trading Fees: MTrading charges variable spreads for its trading instruments, which means that the spreads can change depending on the market conditions and liquidity. MTrading also charges commissions for some instruments, such as CFDs and crypto. WorldForex charges fixed spreads for its trading instruments, which means that the spreads are constant regardless of the market conditions and liquidity. WorldForex does not charge any commissions for its trading instruments. If you want to have more transparency and predictability in your trading costs, you may prefer WorldForex over MTrading.
- Account Types: MTrading offers four types of accounts for its clients: Standard Account, ECN Account, Crypto Account, and Invest Account. Each account has different features and requirements, such as minimum deposit, spread type, commission rate, leverage level, and available instruments. WorldForex offers three types of accounts for its clients: Standard Account, Pro Account, and VIP Account. Each account has different features and requirements, such as minimum deposit, spread type, commission rate, leverage level, and available instruments. If you want to have more options and customization in your trading account, you may prefer MTrading over WorldForex.
- Deposit and Withdrawal Options: Both MTrading and WorldForex offer various payment methods for depositing and withdrawing funds from their clients’ accounts. These methods include credit/debit cards, Skrill, Neteller, local bank transfer, crypto, and Tether (USDT) for MTrading; and credit/debit cards, Skrill, Neteller, UnionPay, and wire transfer for WorldForex. Both brokers do not charge any fees for deposits or withdrawals . If you want to have more convenience and accessibility in your payment methods, you may prefer either broker depending on your preferred method.
- Trading Platforms: Both MTrading and WorldForex use MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and reliable platform that offers advanced features and tools for technical analysis, automated trading, strategy testing, and more. MetaTrader 4 is available for desktop (Windows/Mac/Linux), web browser (WebTrader), and mobile devices (Android/iOS) . However, WorldForex also offers MetaTrader 5 as an alternative trading platform. MetaTrader 5 is an enhanced version of MetaTrader 4 that offers more features and tools for multi-asset trading (forex/stocks/futures), technical analysis (21 time frames/80+ indicators), automated trading (built-in VPS/trade alerts), strategy testing (built-in strategy tester), and more. MetaTrader 5 is also available for desktop (Windows/Mac/Linux), web browser (WebTrader), and mobile devices (Android/iOS). If you want to have more functionality and versatility in your trading platform, you may prefer WorldForex over MTrading.
- Analytical Tools: Both MTrading and WorldForex provide their clients with various analytical tools and resources to help them with their trading decisions and strategies. These tools and resources include market news, economic calendar, trading signals, trading indicators, trading robots, trading advisors, and more . However, MTrading also offers a unique feature called Autotrade, which allows its clients to copy the trades of successful traders and investors on the MTrading platform. Autotrade is a fully automated platform that enables clients to choose from a list of masters (traders/investors) based on their performance, risk level, and trading style. Clients can then follow the masters’ trades and earn profits without having to monitor the market or execute the trades themselves. WorldForex does not offer any similar feature for its clients. If you want to have more assistance and guidance in your trading journey, you may prefer MTrading over WorldForex.
