Note: Forex World's official site - https://forexworld.uk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Forex World？
Forex World is an unregulated trading platform based in United Kingdom that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex, CFD Stocks, Metals, Energies, Cryptos, and Digital Contracts. It provides several account types with minimum deposit requirements to cater to different investor needs and styles. The platform also provides MT4/5 trading platforms for added convenience.
Pros & Cons
Pros:
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability.
Is Forex World Safe or Scam？
Forex World currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
Forex World provides traders with a comprehensive range of trading instruments spanning diverse asset classes. These include traditional Forex pairs, CFD Stocks, Metals, Energies, as well as modern options like Cryptocurrencies and Digital Contracts. This expansive selection ensures that traders have access to a wide array of market opportunities, enabling them to diversify their portfolios and capitalize on various market trends and trading strategies across global financial markets.
Leverage
Forex World provides traders with the opportunity to utilize leverage up to a maximum of 1:1000. This high level of leverage allows traders to amplify their trading positions, potentially increasing both profits and risks. With a leverage ratio of 1:1000, traders can control larger positions with a relatively smaller amount of capital, thereby magnifying their potential returns. However, it also amplifies the potential for losses.
Trading Platforms
Forex World caters to its clients' diverse needs by offering multiple trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their advanced charting tools, technical indicators, and automated trading capabilities, providing traders with a robust and customizable trading experience.
Deposits & Withdrawals
Forex World facilitates deposits and withdrawals through a wide range of convenient payment methods, including Wire Transfer, Debit Card, Credit Card (Visa and Mastercard), Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, and ADVcash. This diverse selection of payment options ensures flexibility and accessibility for clients worldwide, allowing them to easily fund their accounts and withdraw profits using their preferred payment method.
Customer Service
Phone: +44 75 2968 3050
Email:Info@forexworld.uk
Conclusion
In conclusion, Forex World offers diverse trading instruments to cater to different trading needs and allows trading with high leverage. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
