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WorldWideMarkets vs FXOpen 2019

ForexBrokers.com

Is FXOpen better than WorldWideMarkets? After grading forex brokers on nearly 100 different variables, FXOpen is better than WorldWideMarkets. FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature WorldWideMarkets FXOpen
Overall 2.5 3
WorldWideMarkets Review FXOpen Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature WorldWideMarkets FXOpen
Trust Score 47 74
Year Founded
2011 2003
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
0 1
Tier-2 Licenses
0 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature WorldWideMarkets FXOpen
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses

Feature WorldWideMarkets FXOpen
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature WorldWideMarkets FXOpen
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature WorldWideMarkets FXOpen
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
20 95
CFDs - Total Offered
15 16
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 2.5 3
Winner check_circle

Cost

Feature WorldWideMarkets FXOpen
Average Spread EUR/USD - Standard
3 N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
No Yes
Commissions & Fees 3 3.5
Winner check_circle

Funding

Feature WorldWideMarkets FXOpen
Minimum Initial Deposit
$20.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature WorldWideMarkets FXOpen
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature WorldWideMarkets FXOpen
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
n/a 7
Charting - Indicators / Studies (Total)
78 51
Charting - Drawing Tools (Total)
37 31
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 2.5 3
Winner check_circle

Mobile Trading

Feature WorldWideMarkets FXOpen
Android App
No Yes
Apple iOS App
No Yes
Trading - Forex
No Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
No Yes
Watch List
No Yes
Watch List Syncing
No No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
No Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3 2.5
Winner check_circle

Research

Feature WorldWideMarkets FXOpen
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 2 2
Winner check_circle

Education

Feature WorldWideMarkets FXOpen
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
No No
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes No
Education 2 2
Winner check_circle

Major Forex Pairs

Feature WorldWideMarkets FXOpen
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes
USDCNH (or CNHUSD)
No Yes
USDSGD (or SGDUSD)
No Yes

Overall

Feature WorldWideMarkets FXOpen
WorldWideMarkets Review FXOpen Review
Overall 2.5 3
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FXOpen vs WorldWideMarkets.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. FXOpen is a better option with a 3.50 star rating over WorldWideMarkets's 3.00 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FXOpen and WorldWideMarkets both are regulated in a major hub. FXOpen nor WorldWideMarkets are publicly traded companies. How many currency pairs are available to trade? WorldWideMarkets trails FXOpen by 75 total currency pairs (for example, EUR/USD), with FXOpen offering 95 and WorldWideMarkets offering 20.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both FXOpen and WorldWideMarkets offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FXOpen trails WorldWideMarkets by 6 total charting tools, with WorldWideMarkets offering 37 and FXOpen offering 31. WorldWideMarkets boasts an offering of 78 different indicators (for example, moving averages) compared to FXOpen's 51 available indicators.

FXOpen Review
WorldWideMarkets Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. 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. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.



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