World Forex is a well-established online broker that has been around since 2007 and can be utilized to speculate on assets such as forex, cryptocurrency, company shares, and commodities. It is based in Saint Vincent & the Grenadines – an island country in the Caribbean – and is regulated by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA).

World Forex´s main products are Digital Contracts and Contracts for Difference (CFDs). The Digital Contracts are similar to High/Low binary options. World Forex offers a lot of commission-free trading, but will charge commissions on certain cryptocurrency trading.

  • Over 50 different forex pairs are available for speculation.
  • Examples of cryptocurrencies that you can gain exposure to with World Forex are BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, and ZEC.
  • Examples of commodities that you can gain exposure to are silver, gold, palladium, platinum, and crude oil.

You can use the third-party platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with this broker, but it is not compatible with the platform cTrader.

The maximum leverage at World Forex is 1:1000.

A downside with World Forex is the withdrawal fees.

Bonuses and other perks

No-deposit welcome bonus

World Forex offers a no-deposit welcome bonus of either $10 or $20. As it is a no-deposit bonus, you do not need to make a deposit to get it, you only have to complete the sing-up process. The no-deposit bonus comes with some pretty strict terms and conditions, so read the fine print before you accept it. The bonus money can not be withdrawn from you account and it can only be used for forex trading and not for digital contracts.

Deposit bonus

World Forex frequently runs campaigns where they give people a 100% deposit bonus if the deposit exceeds $100.

Another popular deposit bonus is the one where your deposit gets you free access to a Virtual Private Server (VPS), a service that World Forex normally charges $5.99 for.


World Forex often runs trading tournaments with bonus money in the prize pot.


There is a cash-back program at World Forex.

Free Demo Account with unlimited play-money

The free Demo Account at World Forex comes with an unlimited amount of play-money which you can use to buy European-style Digital Contracts, American-style Digital Contracts and Digital Contracts 0-100.

You do not need to make a first deposit to open a demo account.

Ownership and regulations

World Forex was established in 2007 in the Britihs Virgin Islands.

The broker was aquired by the company Existrade Ltd in 2016. This company is based in Saint Vincent & the Grenadines – an island country in the Caribbean – and is regulated by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA).

This country and the SVGFSA are not considered top-tier when it comes to retail trader protection. However, if you are a retail trader and want a broker that is regulated by a strict top-tier authority you will probably not be able to engage in binary options trading or similar.

You will not have Negative Account Protection when using leverage at World Forex.

World Forex is a participant in the Financial Commission. If you have a complaint with this broker and they do not resolve it, you can escalate the complaint to the Financial Commission. The Financial Commission is not a governmental agency.

Digital contracts

World Forex offers a financial product named “Digital Contract” which is very similar to a classic High/Low binary options. Make sure you read and understand the terms and conditions before you risk any real-money.

Most of the Digital Contracts are for forex speculation, but you can also find some that will give you exposure to commodities such as gold and silver.

European-style and American-style Digital Contracts at World Forex

Payout: The maximum payout for American-style digital contracts is 100%, but for the European-style Digital Contracts it is only 85%.

Expiry: The contract length (lifespan) vary from 1 minute to 7 days.

Early close-out: With American-style digital contract, you can elect to close-out the contract early if it is in-the-money. You will take home the profit early and end the risk, but you will also pay a hefty 40% commission for using this feature. With European-style digital contracts, this feature is not available.

Investment caps: 300 USD per individual contract and 2,000 USD for the contracts combined

Digital Contracts 0-100

Payout: If this contract ends in-the-money, it will always pay 100%.

Expiry: The contract length (lifespan) vary from 1 hour to 5 days.

Early close-out: Not available

Investment caps: 1,500 per individual contract and 1,500 USD for the contracts combined

Contracts for Difference (CFDs)

With this broker, you can use CFDs to gain exposure to stocks, commodities, forex and cryptocurrency. Shares from over 40 different companies are avaialable as underlying assets, including household names such as Google and Amazon. Examples of available commodities are gold, silver and oil. The largest section is the one for forex; over 50 different pairs are represented. The section for cryptocurrencies is smaller and currently comprised of ten different cryptocurrencies.


The highest possible leverage at World Forex is 1:1000.

Exactly how much leverage that will be available for a specific trade will depend on various factors, including the account balance of the trader. The 1:1000 leverage is never available when the account balance is above $1,000. When the account balance is $1,001 – $5,000 the maximum possible leverage is 1:500. If the account balance exceeds $5,000 the maximum leverage will drop even lower. For accounts where the balance is above $100,000 the maximum leverage is just 1:33.

Leverage for cryptocurrency positions

The maximum leverage for cryptocurrency posistions depends on the number of lots.

Up to 20 lots = maximum leverage is 1:25. For a higher number of lots, the maximum leverage will be lower. For a position of at least 100 lots, only 1:1 leverage is possible.

Stop-out level

In forex trading, the Stop-Out Level is when your Margin Level falls to a specific percentage level in which one or all of your open positions are closed automatically. This forced close takes place because there is no longer enough margin to support the open position(s).

At WorldForex, the stop-out level is at 5% for most trading, but at 20% for crypto trading.

Trading platforms

MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

These are two very well-known and popular trading platforms. They were not developed by World Forex; they come from an independent third-party developer and they are utilized by a huge number of online brokers around the world. The MT4 was developed chiefly for forex trading, while the MT5 was created to cater to a more broad range of assets and products. The platforms can be downloaded and installed on desktop computers.

Both platforms come with excellent support for technical analysis.

MT4: 9 timeframes for charts, 24 graphical objects, 30 integrated indicators
MT5: 21 timeframes for charts, 44 graphical objects, 38 integrated indicators

Copy trading is available on the MetaTrader platforms and you can select from a broad assortment of signal-providers.


The WebTrader opens directly in the web browser. It doesn´t matter if your computer is running Windows or not.

FX Lite BO App

The FX Lite BO App is a mobile trading app available for Android and iOS.

Account types

This broker offers several different account types. One of the key differences between the accounts is the pricing model, i.e. it concerns variable spreads, fixed spreads and commissions.

Examples of available account types:

W-DIGITAL Account, with fixed spreads from 1.8 pips
W-CRYPTO Account, with floating spreads from 0.0 pips
W-CENT Account, with floating spreads from 0.6 pips
W-CENT-fix Account, with fixed spreads from 1.8 pips
W-PROFI Account, with floating spreads from 0.6 pips
W-PROFI-fix Account, with fixed spreads from 1.8 pips

STP and ECN Accounts

STP Accounts and ECN Accounts are available at World Forex.

You can not obtain a DMA, MAM, PAMM, or LAMM Account.

Is a Halal Account available?

Yes, it is possible to sign-up for a Halal / Sharia / Muslim / Islamic Account. The customer support can provide your with more detailed information about how to get this special type of account.

Deposits and withdrawals

Deposit and withdrawal fees

World Forex does not charge a fee for processing deposits, but will charge a fee for processing withdrawals for most transaction methods avaialable. Withdrawal fees ranges from 1% to 4% of the withdrawal amount + a fixed charge. This is a downside with this broker, especially since many of the competitors do not charge withdrawal fees.

Conversion fee

Only the Euro, the United States dollar and the Russian ruble are available as account currencies. If you send a currency to your account that is not your account currency, you may be charged a conversion fee.

How small is the smallest permitted deposit?

The smallest permitted deposit is just $1.

Which transaction methods can I use?

Examples of accepted deposit methods at World Forex:

  • If you want make a quick deposit, you can for instance use VISA, MasterCard, Google Pay, Apple Pay, ADVcash, Perfect Money, Promsvyazbank transfer, Alfa-Click, Payeer, or Russkiy Standart.
  • How quickly the cryptocurrencies Bitcoin or Dash can be transferred depends chiefly on the blockchain situation. Sometimes it is really quick, sometimes is takes several hours.
  • Using Tinkoff or a Sberbank transfer takes up to 1 day.
  • With a Wire transfer, it can take up to 5 business days before the money becomes available in your trading account.

Customer support

Live chat: You can open up the live chat window at the World Forex web site.

Email address:

Phone support:

  • Great Britain: +44 870 479 8221
  • Russia: +7 495 266 60 77
  • Thailand: +66 093 181 4643

Phone support is only available during office hours (in those respective countries).

Questions & Anwsers

Is automated trading available?


Is P2P trading available?


Does World Forex offer Ladder Binary Options?


Does World Forex offer Boundary Binary Options?


Does World Forex offer Virtual Private Server (VPS) hosting?

Yes, it costs $5.99.

Will I have Negative Account Balance Protection?


Is World Forex a Market Maker?