Established in 2007, World Forex is an online broker headquartered in St. Vincent and the Grenadines, with a broad operational history serving over 350,000 traders across more than 150 countries. The broker operates under the auspices of Existrade Ltd and is registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). Although not regulated by major authorities like FCA or ASIC, World Forex is a member of the Financial Commission, which provides a degree of oversight and allows for compensation of up to €20,000 in case of disputes, enhancing its credibility in the forex market.
World Forex offers a diverse range of trading instruments, including forex, commodities, cryptocurrencies, and CFDs, alongside its unique digital contracts resembling binary options. Traders can utilize popular platforms such as MetaTrader 4 and 5, which are equipped with advanced tools and analytics. The broker provides 24/7 customer support in multiple languages and distinguishes itself with features like low minimum deposits starting at $1, competitive spreads, and various account types tailored to different trading needs. While it lacks robust regulatory scrutiny, the broker’s long-standing presence and user-friendly services make it a noteworthy option for both novice and experienced traders looking to engage in forex trading.