Using 28 different variables, we have created a proprietary score the higher the better of overall trustworthiness, which we call the Trust Score. Clear, competitive pricing and superior trade executions Sophisticated trading platforms, designed for active currency traders Market leader with proven record of financial strength and security.
FX trading is unique in that there is no centralized exchange for transactions. Currencies are traded over the counter, which simply means pricing comes directly from market participants. Brokers offer clients margin trading in order to facilitate currency transactions. Many brokers offer multiple margin options which will determine what percentage of your equity you will be using for trade placement.
This allows clients to hold a position that is of greater value than the equity in their account. Risk management is an essential part of Forex trading. WorldWideMarkets offers various orders types to help traders manage their risk. Trading in Forex involves various strategies, including fundamental analysis, technical analysis, and model trading.
One should study the basics of Forex Trading and a good way to get familiar with the Forex market is by practicing on a demo account. Total forex trading volume is well over three times the total of the stocks and futures markets combined. Looking at the full picture, WorldWideMarkets is expensive, lacks quality customer service, boasts a narrow offering of trading platforms and tools, and provides clients a limited number of instruments to trade despite its offering of US exchange-traded securities and a cryptocurrency CFD on bitcoin.
Overall, it is no surprise that WorldWideMarkets finished 42nd out of 43 brokers in our Review. For our Forex Broker Review we assessed, rated, and ranked 43 international forex brokers.
Each FX broker was graded on variables. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. The trading costs at WWM depend on the trading platform used and whether pricing is fixed or variable, as highlighted below:.
All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
Best in Class 42 of 43 Overall. The trading costs at WWM depend on the trading platform used and whether pricing is fixed or variable, as highlighted below: Fixed MT4 or AlphaTrader: Average spread data were not available from WWM.
Average spreads data were not available from WWM. Regulated in Major Hub. Regulated in Emerging Hub. Authorised in the European Union. Currency Pairs Total Forex pairs. Cryptocurrency traded as actual. Cryptocurrency traded as CFD. Forex News Top-Tier Sources. Social Sentiment - Currency Pairs. Videos - Beginner Trading Videos. Trade Ideas - Backtesting. Charting - Drawing Tools Total.
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