WorldQuest FX Review - Does It Support MT4 and MT5? - WikiFX

WorldQuest FX, founded in 2019 and registered in Australia, is regulated by ASIC. It offers a diverse range of market instruments through the MT5 trading platform via web, desktop, or mobile devices. While it has advantages like low spreads from 0 pips, it also has some drawbacks, including commissions and regional restrictions in countries like the US and Belgium.

Pros and Cons

Is WorldQuest FX Legit?

WorldQuest FX is regulated by the Australian Securities and Investments Commission (ASIC). It holds Appointed Representative(AR) License with No. 001313435.

What Can I Trade on WorldQuest FX?

WorldQuest FX offers trading in forex, indices, stocks CFD, commodities, and CFDs.

Account

To open an account of WorldQuest FX, the procedures are simple. You can click “register” and fill in your information including name, mobile number and so on.

Leverage

WorldQuest FX provides traders with different leverage ratios for various financial instruments.

For Forex, it offers a leverage of 1:500. Meanwhile, for metals, commodities, and indices, it offers leverages of 1:200, 1:100, and 1:100 respectively.

WorldQuest FX Fees

WorldQuest FX offers spread from 0 pips and commission of $7/Lot.

Trading Platform

WorldQuest FX offers MT5 trading platform. With ultra - fast trade execution and the ability to trade via smartphone or tablet, MT5 provides high - speed and convenient trading experiences.

Deposit and Withdrawal

WorldQuest FX offers VISA, tether, BPay, FASAPAYS, MasterCard, Perfect Money, and Bank Wire to make a deposit or withdrawal. It does not charge fees for deposits and withdrawals. However, tt is noted that if you order a withdrawal without having made a total of 5 transactions since your previous deposit, or if the withdrawal is of a value under $50.