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World Wide Markets Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: B
Open WWW's Website

Losses can exceed deposits

Overview

World Wide Markets is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.

To open a live account, you’ll need a minimum deposit of at least $50. Alternatively, World Wide Markets offers 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 has 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.

Open a demo account Visit WWW

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

World Wide Markets screenshot

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority
  • Min. deposit from $50

CONS

What are World Wide Markets's spreads & fees?

Like most brokers, World Wide Markets takes 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' spreads are in comparison to other popular brokers featured on BrokerNotes.

World Wide Markets variable spread is not available. If you believe this is incorrect please fill in our form

Spreads 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.

See all Spreads
Losses can exceed deposits

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 $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

World Wide Markets XTB City Index
Spread from: N/A $ 2.00 $ 5.00
Typical overnight fee: N/A $ 7.94 $ 20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $ 9.94 $ 25.6
Visit WWW Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Losses can exceed deposits

General Fees

  • World Wide Markets doesn’t charge inactivity fees*
  • World Wide Markets doesn’t charge withdrawal fees*

Commissions

  • World Wide Markets does charge commission on CFD shares

What can you trade with World Wide Markets?

World Wide Markets offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by World Wide Markets below, along with the instruments offered by XTB and City Index for comparison.

FX / Currencies WWW XTB City Index
# of forex pairs offered 48 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs World Wide Markets XTB City Index
# of commodities offered 21 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs World Wide Markets XTB City Index
# of Stocks offered 1606 4500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See WWW's InstrumentsSee XTB's InstrumentsSee City Index's Instruments
Losses can exceed deposits

What’s the World Wide Markets trading experience like?

1) Platforms and apps

World Wide Markets offers 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 Screenshot See WWW 's Platforms

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
Losses can exceed deposits

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit

Accounts offered:

  • Demo account

Still not sure?

Open a practice account & learn to trade

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 has larger capital and minimum trade requirements. Market makers typically have a 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.

Funding methods:

  • Credit cards
  • Skrill
  • Neteller

3) Client support

World Wide Markets support a limited number including .

World Wide Markets has 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 August 23, 2018.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.