8 /10
Overall Rating

WorldMarkets Review

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Read this Worldmarkets broker review before opening your account. Is this a Scam or Reliable Forex Broker? Find out more with AtoZ Markets Forex broker review of World markets.

World Markets is an online retail broker that provides bullion physical trading. Moreover, in recent years, they have extended their business and started to provide online trading opportunities, including forex, stocks, indices, commodities, and cryptocurrencies. The unique feature of the company is AI managed accounts and Security Tokens (STOs) trading.

We have carried out an extensive review of this company and found it legit and recommendable. This broker is famous for its essential bullion trading service and some other unique trading features. Therefore, they provide a great variety of markets and products.

Overview

Company
8 /10
Trust
8 /10
Trading Platform
8 /10
Account Types
8 /10
Cyptocurrency
8 /10
Costs
8 /10
Customer Support
8 /10
Regulation
8 /10

At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly!

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this world markets broker review. Please go through this article on how we conduct our broker reviews.

Worldmarkets.com also provides some online products through its partnerships with Bitmex & HYCM. Bitmex is one of the largest cryptocurrency exchanges in the world. The broker also offers an artificial intelligence (AI) managed account that provides traders with top algorithms and trading of Security Tokens like UFX.

Company

8 /10

World Markets was Founded in 2003. This industry-leading brokerage is famous for specialization in the Bullion (Gold/Silver) and digital gold trading. At first, they have launched as a precious metal dealer. Then they expanded their operation and provide online trading services that include currency pairs, stocks, indices, commodities, and cryptocurrencies.

They are managing more than 30M assets while they have more than 50,000 clients worldwide.  This has a special AI trading system that usually provides an average monthly performance of more than 20%.

Worldmarkets.com also provides some online products through its partnerships with Bitmex & HYCM. Bitmex is one of the largest cryptocurrency exchanges in the world. The broker also offers an artificial intelligence (AI) managed account that provides traders with top algorithms and trading of Security Tokens like UFX.

Trading Platform

8 /10

Traders with World Markets have an option to choose multiple trading platforms. The broker has an in-house MQL Copy Trader for traders to trade through the AI managed accounts and the MetaTrader 4 and MetaTrader 5 for traders for those who prefer the self-trading account.

MetaTrader 4 & MetaTrader 5

MetaTrader 4 & 5 are the most common Forex trading platform among the retail traders, which is specially designed for Forex trading. These platforms are compatible with Windows, Mac, and on any web-browser. In the retail Forex industry, they are the most reliable third-party software.  This is very common and easy to use trading platforms for beginners. With this software, traders can easily access their trading accounts from a mobile trading application that is available on the Google Play & App Store. Moreover, MetaTrader 5 is the updated version of MT4 and has optimized trading tools, including built-in indicators, a built-in economic calendar, and advanced trading features.

MQL Copy Trader

This is a unique platform designed for those who choose to trade through the AI Managed account. Moreover, World Markets provides MQL Copy Trader that allows traders to track their trading account anytime. The AI managed account has high-frequency algorithms that automatically scan the market and find suitable trading opportunities.

This is a solid trading platform with real-time and quick access to all sorts of data, including the account balance, live charts, market data, and news feed. The features and outlook are very user- friendly and very easy to use.

To take advantage of the automatic trading account platform, traders should use the HYCM, which is a leading CFD and forex broker in the industry. Like other, forex and CFD broker, HYCM has MT4 and MT5 that is very user-friendly for traders.

Account Types

8 /10

World Markets platform offers three different types of trading accounts:

AI Managed account

With the AI Managed Account, traders can connect to the top algorithms that are used for trading millions of dollars and are directly supervised by World Markets’ analysts. The broker claims that they have generated some stable trading profits for its clients. Moreover, traders can track their trading performance through the MQL trading dashboard.

Self-Trading account (HYCM)

A self-trading account is for traders who would like to take control of their own trading activity. World Markets provides a self-trading account through its partner HYCM, which has three types of trading accounts: Fixed, Classic Raw and VIP account.

Traders can enjoy more than 40 forex currency pairs as well as stocks, indices, and commodities. They charge only 1.8 pips for their fixed spread account with no extra commission and variable spread from 1.2 pips in their Classic raw account. Moreover, the VIP account holder enjoys 0.2 pips of spreads with 4$ commission.

Cryptocurrency (BitMex)

Traders with World Markets can trade through BitMex, which is a leading cryptocurrency exchange in the world. BitMex allows traders to trade cryptocurrencies and exotic crypto coins with leverage.

Cryptocurrency

8 /10

Traders with World Markets can trade through BitMex, which is a leading cryptocurrency exchange in the world. BitMex allows traders to trade cryptocurrencies and exotic crypto coins with leverage.

Costs

8 /10

They don’t have any upfront fees associated with any World Markets trading accounts, AI Managed Accounts, as well as the Digital Gold and advanced trading instruments.

However, they have disclosed the pricing structure for the AI managed account:

  • For Standard accounts, they charge a 20% performance fee and a 1% Annual Management Fee.
  • For Gold Premier Accounts ($25,000+), they charge 10% Performance Fee and 1% Annual Management Fee.

The broker also operates a High Watermark principle to ensure that traders do not pay the performance-based fees repeatedly and fees are only paid from the profits.

Customer Support

8 /10

Worldmarkets.com has great customer support. Traders can reach them in several ways including email, ticket form as well as phone. The broker has phone numbers worldwide in 43 countries.

Regulation

8 /10

World Market’s regulatory framework is quite unclear. The company is transparent about the risks associated with online trading. Moreover, it ensures traders’ safety measurements. All funds are held with Tier-1 liquidity providers to ensure traders’ safety of funds. For the self-trading account, it allows traders to connect with their partner HYCM, which is regulated by the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) and, CIMA.

Conclusion

World Markets has won numerous awards from several industry agencies. The company provides unusual products like AI managed account and physical bullion trading. The broker has put a lot of effort into developing a great trading system with excellent customer service.

World Markets is an excellent platform for those who wish to use an automated trading system. We can consider this broker as a legitimate choice for all traders.

But, at last, we always recommend our readers to do their own research before opening a live account.

Reviewed By

Our Broker Review methodology

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  1. Eloise Reid says:

    A family member also invested in this scam AI trading, he got no access to withdraw, before the said 75days and got really hurt. He was scammed off over 52k which he was finally able to recoup within 2 weeks of hiring some private investigators on a platform called Forensic Pro, a simple search on google would find them. Worldmarkets agents are very cunning, stay away from this platform.

  2. Lama says:

    This a ponzi scam and should be shut down. Worldmarkets claim to be running since 2003 but there is no proof of them operating before Nov. 2019. DON”T INVEST PEOPLE you will not get your money back. I have been waiting over 6 weeks for a withdraw that was less than 10% of my total. They will ignore you if you ask any questions about your money. Many people are in the same boat and it is not just me. WorldMarkets mirror’s the Blue Trade scam and will more than likely shut down in Jan.

  3. WAYNE REIMER says:

    I HOPE PEOPLE DONT INVEST ON THEm

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