Profile
WorldForex is an offshore forex and CFD broker offering trading services since 2007. Operated by Existrade Ltd, the broker is registered in Saint Vincent and the Grenadines and serves clients globally with a proprietary platform alongside MT4 and MT5. This WorldForex review examines its regulation, execution model, platforms, markets, trading conditions, and client protection measures.
Regulation and Security
WorldForex is registered under Existrade Ltd in Saint Vincent and the Grenadines (SVG). SVG does not regulate forex brokers or provide investor protection frameworks. As a result, WorldForex is an unregulated broker in practical terms and does not offer:
- Segregated client funds under a regulated jurisdiction
- Negative balance protection
- Access to financial ombudsman or investor compensation schemes
While WorldForex claims to use segregated accounts and secure transactions, these measures are voluntary and not audited by any financial authority.
Execution Model
WorldForex offers multiple execution modes depending on the account type:
- STP accounts – Market execution with direct routing to liquidity providers
- Standard accounts – Instant execution with fixed spreads
The broker uses both STP and market maker models depending on the platform and account selected. Slippage and requotes are more common on instant execution accounts.
Trading Platforms
WorldForex supports the following platforms:
- MetaTrader 4 (MT4) – Available for desktop, web, and mobile
- MetaTrader 5 (MT5) – Enhanced with support for depth of market and more order types
- WForex Trader – Proprietary web platform offering binary options and simplified forex trading
Algorithmic trading is supported via MT4/MT5 Expert Advisors. There is no FIX API access or institutional-grade terminal support.
Supported Markets
WorldForex offers a range of CFD instruments across various asset classes:
- Forex – 40+ major, minor, and exotic pairs
- Indices – Global equity indices such as SPX, DAX, and FTSE
- Commodities – Gold, oil, and silver
- Cryptocurrencies – BTC/USD, ETH/USD, and others
- Stocks – Selected U.S. and European equities
- Binary Options – Available on the proprietary WForex platform
Account Types and Trading Conditions
WorldForex provides several account options tailored to different trader profiles:
- W-Cent – Cent-denominated for micro-lot trading
- W-Profi – Standard account with instant execution and fixed spreads
- W-Instant – Variable spreads, instant execution
- W-Crypto – Denominated in BTC or ETH
- W-Digital – Binary options trading via the proprietary platform
Key conditions include:
- Leverage up to 1:1000 (varies by asset and account type)
- Spreads from 0.6 pips (floating)
- Minimum deposit: $1 for W-Cent, $100+ for others
- Swap-free Islamic accounts available
Retail and Institutional Features
WorldForex primarily serves retail traders. Institutional offerings are limited, though the broker offers:
- Affiliate and Introducing Broker (IB) programmes
- Multi-account terminal (MAT) for managing sub-accounts
No MAM/PAMM, white-label, or FIX API services are available, making it unsuitable for hedge funds or advanced automation users.
Client Protection and Transparency
As an offshore and unregulated broker, WorldForex provides no statutory investor protection. Transparency is also limited:
- Limited disclosure of liquidity providers or execution venues
- Bonus terms and conditions may restrict withdrawals
- No third-party verification of order execution or pricing
Clients should review legal documents and bonus terms carefully before opening a live account.
Base Currencies, Order Types, and API Access
Account base currencies include USD, EUR, BTC, and ETH. Supported order types via MT4/MT5 include:
- Market, limit, stop, stop-limit
- Trailing stops and pending orders
No FIX API or direct market connectivity is provided. Automation is limited to EAs within MT4/MT5.
Pros and Cons
- Pros:
- High leverage up to 1:1000
- MT4 and MT5 support
- Multiple account types and crypto-denominated options
- Binary options via proprietary platform
- Low minimum deposits
- Cons:
- Unregulated broker (SVG registration only)
- Weak client fund protection and transparency
- Conflicts of interest on instant execution accounts
- No FIX API or professional-grade services
Frequently Asked Questions
Is WorldForex a regulated broker?
No. WorldForex is registered in Saint Vincent and the Grenadines but operates without formal regulation or investor protection.
Which trading platforms does WorldForex support?
WorldForex supports MetaTrader 4, MetaTrader 5, and a proprietary WForex Trader platform for binary options.
What is the maximum leverage at WorldForex?
Leverage is available up to 1:1000, depending on the instrument and account type.
Does WorldForex offer cryptocurrency trading?
Yes. Clients can trade crypto CFDs like BTC/USD and ETH/USD, and open crypto-denominated accounts.
Can I use Expert Advisors at WorldForex?
Yes. MT4 and MT5 platforms support algorithmic trading via EAs, but FIX API is not available.
