Founded in 2003, World Markets is an award-winning broker, offering a diversity of trading accounts and products. This broker was initially launched as a precious metals dealer, however, in recent years it has expanded its services into the online trading market including trading of currency pairs, stocks, indices, commodities, and cryptocurrencies. The broker operates worldwide with more than 50,000 clients and 30M assets under management. But is World Markets legit and can you trust this broker?
We have investigated WorldMarkets.com and found it to be legit and trustworthy. We have taken into consideration user reviews across the web, the broker’s compliance and legal framework, transparency and its general reputation in the online trading industry.
If you are keen to know more about this broker, keep on reading our comprehensive review of World Markets. In this review, we’ll cover the broker’s regulatory framework, trading platforms, account types, pros and cons, features, and more.
What Is World Markets?
World Markets is a physical and online broker that offers a diverse variety of investment products for retail investors, professionals, and beginner traders. The broker specializes in the Bullion (Gold/Silver) and digital gold trading since its establishment in 2003 with an outstanding amount of $225M of gold/silver bullions sold globally. The broker partners with some of the most well-known financial firms in the industry in order to provide the best service. Those include BullionVault, HYCM, Bullion By Post, BitMex, Barchart, TradingView, DX.Exchange, etc.
Apart from its Bullion and digital gold trading services, the broker connects traders with HYCM which is a highly regulated broker by FCA, CySEC, and CIMA, and providing trading services since 1977. Through World Markets’ partnership with HYCM, traders can trade a variety of CFDs products including stocks, indices, currencies, commodities, and cryptocurrencies.
World Markets also provides traders to physically trade cryptocurrencies through its partnership with Bitmex, which is one of the largest and most popular cryptocurrency exchanges in the world. Take note that Bitmex allows traders the opportunity to trade cryptocurrencies with a leverage ratio of up to 1:100.
Furthermore, the broker takes pride in its Trader-Operated Artificial Intelligence Managed Trading Accounts, which is an automated trading account based on high-frequency algorithms and has achieved consistent monthly performance returns of 21.67%.
The broker has registered offices and meetings in Norway, China, Switzerland, Iceland and additional representative offices in Bahrain and Panama. The broker also offers storage solutions in a variety of prestigious locations such as Zurich, London, Singapore, Toronto, and Hong Kong.
Is World Markets Broker Legit?
Following our in-depth review, we can confirm that World Markets appears to be a legit and trustworthy broker. The broker has a positive reputation and user feedbacks and partners with industry-leading financial firms, an indication of reliability and experience.
World Markets efforts to provide security measurements for its clients. All investors’ funds are being held with Tier-1 liquidity providers and banks to ensure traders’ safety of funds and for those who rather trading through HYCM, clients’ funds are protected by the following regulators – Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and, CIMA.
This review finds World Markets to operate fairly and in transparency. They have disclosed all legal requirements, pricing structure, and users’ security. Furthermore, they have a great customer service through email, submit a ticket form, and phone (available in 43 countries).
*Remember all trading risks and you shouldn’t risk more then you can afford to lose.
Markets and Products
Perhaps the biggest advantage of Worldmarkets.com is the selection and diversity of financial products. First, World Markets offers a diverse variety of bullion products including gold, silver, platinum, palladium, copper, and rhodium. The broker also efforts to provide the best spot market rates and to ship the products within 1-3 working days.
The broker is also offering to trade gold digitally through its partnership with BullionVault. “Digital Gold” is an asset-backed by actual gold and allows traders a secure and faster way of purchasing and selling gold.
Another option is to trade through HYCM, one of the leading CFD and forex brokers in the industry. The HYCM account allows you to trade a Contract for Difference (CFD) which enables two parties to enter into an agreement to trade on a certain instrument and speculates on the asset’s price movement. HYCM offers a wide selection of markets of products. Those include:
- 69 currency pairs
- 187 stocks
- 28 indices
- 14 cryptocurrencies
- 17 commodities
HYCM offers a leverage ratio of up to 1:500 depending on the underlying asset and the regulator in your region.
Moreover, WorldMarkets provides the opportunity to trade cryptocurrencies through BitMex, one of the largers crypt coins exhchanes in the world and the ability to trade Security Tokens (STos) via DX.Exchange.
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*Remember all trading risks and you shouldn’t risk more then you can afford to lose.
Trading Features
World Markets offers advanced trading features and tools that help traders to maximise their trading potential. Some of these feature include:
- High Frequency Trading – Automated Trading Account
- Digital Gold trading
- Full monthly performance statistics
- Bullion cost calculator
- Providing Security Token (STO) trading
Regulation & Security
World Markets is not regulated by any major regulatory body, however, the broker is well-reputed in the financial industry and ensures transparency, full disclosure, and safety of funds for investors. In order to prevent hacking, World Markets offers 2-Factor Authentication and military-grade encryption. World Markets also ensures that investors’ funds are being held with Tier-1 Liquidity Providers and Banks.
Trading Platforms
World Markets offers a variety of three trading platforms: The in-house MQL Copy Trader that allows you to monitor the account balance for traders who choose the AI managed account and both the MetaTrader 4 and MetaTrader 5 for traders that prefer to trade CFDs via HYCM.
World Markets MQL Copy Trader
World Markets has developed the MQL Copy Trader, an in-house trading platform that allows traders to monitor the trading account and get real-time market data. The MQL Copy Trader is user-friendly and simple to use, providing the most essential trading tools and features such as live quotes, charting package, and market news feed.
The World Market MQL Copy Trader is essentially a trading dashboard, available on any web-browser. Deposits and withdrawals can also be made through the platform.
Meta Trader4 & Meta Trader 5
The MetaTrader 4 and MetaTrader5 are two of the most popular trading platform among forex and CFD traders. These platforms are compatible with Windows, Mac, and on any web-browser and can also be used from a mobile trading application that is available on the App Store and Google Play.
World Markets provide the MetaTrader 4 and MetaTrader 5 for traders that want to access the online CFD market via HYCM. These platforms also allows traders to automate trading by using the Expert Advisor, also known as EA, an automated trading robot for MetaTrader.
How To Open An Account With World Markets
Opening an account with World Markets is a fast and secure process. We remind you that there are several options to start trading with World Markets. In order to open a trading account with World Market, simply visit the broker’s homepage and click the ‘Open Account’ button at the top right corner of the screen. Then, you will have to choose your preferred trading account: $2500 Trial Account, $5,000 Standard Account, and $25,000 Gold Premier Account. Fill in your personal details and click Submit. Following that, you must submit documents to verify your identity. You can start trading the next day after your deposit is credited.
*Remember all trading risks and you shouldn’t risk more then you can afford to lose.
Education
World Markets has done an extraordinary job when it comes to educational resources. The broker provides an educational section on its website with an extensive VOD library that includes 68 lessons categorized into the following topics: Basic Forex Education, Fibonacci, Understanding Candlesticks, Chart Formation Patterns, Forex Indicators, Timing in Forex, MetaTrader4, and Cryptocurrencies.
Furthermore, the broker also provides a daily video that covers exactly what’s been happening and what is about to happen in the financial markets.
Pros and Cons
Pros
• ✅ World Markets provides the Artificial Intelligence managed account, an automated
trading software with consistent returns
• ✅ Offers a diverse variety of bullion products including gold, silver, platinum, palladium, copper, and rhodium
• ✅World Markets is an award-winning broker and has a positive reputation in the
industry
• ✅World Markets has more than 50,000 clients and 30M USD assets under management
• ✅ The broker provides MetaTrader4 and MetaTrader5
• ✅ World Markets partners with well-known financial firms in the industry such
as BullionByPost, HYCM, BitMex, Barchart, TradingView, DX.Exchange, etc.
• ✅ Traders can fund their account with Bitcoin and Ethereum.
Cons
• ❌ Not regulated by a major regulator
• ❌ The broker does not provide ETFs
Conclusion
There’s no doubt that World Market is one of the most diverse and unique brokers in the industry. Different from its competitors, World Markets has found a way to stand out with the AI managed account, a top-notch bullion trading service, and partnerships with well-known financial firms that eventually makes this broker a great choice for retail, professional and beginner traders.
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*Remember all trading risks and you shouldn’t risk more then you can afford to lose.
FAQs
Is World Markets Legit?
Absolutely. The broker operates since 2003 and has gained a positive reputation among investors and its competitors. World Markets is fully transparent about its services, fees, and charges, the safety of funds and users' security.
What is the minimum deposit requirement at Worldmarkets.com?
The minimum deposit requirement for the AI managed account is $2500. For the online trading account through HYCM, the minimum deposit requirement is $100
Does World Markets provide automated trading?
Yes, Worldmarkets.com allows traders to automate their trading via the Artificial Intelligent managed account. The broker claims to have a trading algorithm that uses high-frequency trading to identify successful trading opportunities.
How much does it cost to trade with World Markets?