World Wide Markets one way: Forex.
To open a live account, you’ll need a minimum deposit of at least $50. Alternatively, World Wide Markets offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 604779 ). World Wide Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. World Wide Markets have been established since 2010, and have a head office in .
Before we dive into some of the more detailed aspects of World Wide Markets’s spreads, fees, platforms and trading features, you may want to open World Wide Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from World Wide Markets.
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Your capital is at risk.
What are World Wide Markets's spreads & fees?
Like most brokers, World Wide Markets take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum fixed spreads listed on World Wide Markets’s website. The colour bars show how competitive World Wide Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $0.00 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $0.00 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $0.00 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, World Wide Markets's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with World Wide Markets vs. similar brokers.
How much does World Wide Markets charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with World Wide Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.
|World Wide Markets||Plus500||AvaTrade|
|Typical overnight fee:||$0.00||$9.40||$5.00|
|Total cost of a 100k trade:||$0||$15.4||$12|
|$15.40 more||$12.00 more|
|Visit WWW||Visit Plus500||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.
What can you trade with World Wide Markets?
|FX / Currencies||WWW||Plus500||AvaTrade|
|# of forex pairs offered||61||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|Commodity CFDs||World Wide Markets||Plus500||AvaTrade|
|# of commodities offered||17||16|
|Indiced & Stock CFDs||World Wide Markets||Plus500||AvaTrade|
|# of Stocks offered||1816||99|
|See WWW's Instruments||See Plus500's Instruments||See AvaTrade's Instruments|
What’s the World Wide Markets trading experience like?
1) Platforms and apps
World Wide Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. World Wide Markets also offer their custom AlphaTrader platform. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
World Wide Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See WWW's platforms Your capital is at risk.
2) Executing Trades
With World Wide Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As a market maker World Wide Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that World Wide Markets offers its traders on the right.
3) Client support
World Wide Markets support a limited number including
World Wide Markets have a BrokerNotes A support rating because World Wide Markets offer over three languages and
4) What you’ll need to open an account with World Wide Markets
As World Wide Markets is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore World Wide Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with World Wide Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.worldwidemarkets.com/ on March 21, 2018.