World Forex vs Videforex

World Forex or Videforex – which is better for UK traders 2024? Compare World Forex and Videforex in this detailed breakdown of their platforms, features and fees.

World Forex vs Videforex Comparison Table 2024
World Forex Videforex
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4
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3.4
World Forex is ranked #10 among binary options brokers. Videforex is ranked #6 among binary options brokers.
Review
Review
World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets. Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
Pros
  • A wide range of assets to trade, including via digital contracts
  • Several different account types with varied pricing structures
  • MT4, MT5 and a proprietary trading terminal
  • Swap-free account available
  • 10+ accepted payment methods
  • Low deposit of $1
  • Copy trading solution
  • Educational content
  • STP/ECN technology
  • Demo account
  • VPS hosting
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • The firm facilitates both trading and binary options which is great for those looking to diversify their portfolios
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
Cons
  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$1 $250
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
SVGFSA
Mobile Apps
iOS, Android + Web Browser Android
Trading App

The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
iOS App Rating
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1.3
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4.1
Android App Rating
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1.3
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4.4
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Yes Yes
Copy Trading
Yes Yes
Copy Trading Platform
Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution. Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
Yes Yes
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • RUB
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Commodities
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Oil
  • Gold
  • Oil
  • Copper
CFD
World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances. Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage
1:1000 1:500
FTSE Spread
NA Floating from 0.2
GBPUSD Spread<
NA Floating from 0.1
Oil Spread
NA Floating from 0.05
Stocks Spread
From 0.03 NA
Forex
World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types. Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
Assets
53 35
GBPUSD Spread
From 0.6 Floating from 0.1 pips
EURUSD Spread
From 0.6 Floating from 0.1 pips
EURGBP Spread
From 0.6 Floating from 0.1 pips
Cryptocurrency
Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available. Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Spread
0 Floating
Coins
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry. Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
100% 98%
Expiration Times
1 minute - 7 days 5 seconds - 1 month
Boundary Options
No No
Ladder Options
No No
World Forex Videforex
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