WorldFXM is a non-regulated CFDs and Forex broker who offers a free demo account, signals, several payment methods, supportive customer service as well as 3 account types for traders to choose from according to their experience and preference. Moreover, there are 65 currency pairs available as well as 33 CFDs products. WorldFXM is owned by CHO Development Ltd and they are located at: Ajeltake Road, Majuro, Marshal Islands.
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WorldFXM offers three options to its clients when it comes to account types. Traders are free to choose the one they like best based on their skills and preference. In addition, there is a free demo account so that traders can get familiar with the trading platform before they switch to live trading.
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Several trading platforms are available at WorldFXM. Traders get to choose between the popular MetaTrader4, or MT4 as it is popularly known, and several other options including the mobile platform, web trader, activ8 and the social trading. MT4 is one of the most powerful and reliable trading platforms on the industry. However, some traders, especially novices, might find it a bit complicated.
So, simpler trading platforms can be used instead, like the WorldFXM social trading platform where traders can even copy the trades from other competent traders from all over the world, not only from the ones who trade with WorldFXM but from other brokers too. This is quite interesting since beginners can follow successful traders in order to maximize profit until they feel confident to place their own trades.
Moreover, for those who do not want to download any software on their computer and prefer the simplicity of web trading they can use the web trader or the Sirix web platform. All they need is to login from their preferred web browser and start trading. This is a complete web-based platform meaning that traders can access their trading account it from anywhere in the world via their laptop, smartphone or even tablet as long as they have a fast internet connection and their login credentials.
Traders can also use the free demo account, trading signals, market analysis, technical analysis and the economic calendar to learn, practice and therefore improve their trading skills before they start risking their money. In addition, traders can choose between the 65 currency pairs and 33 CFD products available.
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Traders can easily contact WorldFXM via email, telephone or through their Live Chat. Those who prefer sending an email can do so at: [email protected]. A UK phone number is available for those who wish to speak with a live agent at: +44 20 3332 0870. There is even an online form available for easier access to the support team. Live chat is available too but please note that it is not always available. So, if a trader has an urgent issue with his or her trading account it will need to wait for an agent to become available in order to be solved.
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Visa, MasterCard, MegaTransfer and bank transfers are all available payment methods with WorldFXM. Currencies available are EUR and USD. Payments are instant except when bank transfers are used that take between 3 and 5 working days for the funds to show up. The minimum deposit is set at $250 as already explained.
To request a withdrawal, traders need to fill in the online withdrawal form which takes a few days to process. Then, it might take an addition couple of days for the funds to clear. Please note that withdrawals are only available by the same method that was used when making a deposit. For instance, if the trader made the deposit via a credit card, then the withdrawal should be made into that exact credit card.
WorldFXM is a promising broker and ticks few of the right boxes on our list. However, the fact that it is not regulated by any major regulated is a big minus. For this reason, we always recommend our readers to make a deposit with regulated brokers for added security and benefits.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
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award-winning broker
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