World Forex 24-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

World Forex 24 presents itself as a world-leading, trusted, and regulated brokerage. However, in fact, the broker isnt regulated. This is simply a scam website operating with the sole purpose to rip off unsophisticated investors.

Market Instruments

World Forex 24 says to offer Contracts for Difference (CFDs) in various asset classes, as well as binary options.

Minimum Deposit

Minimum initial deposit information is not given on the World Forex 24 platform. However, given the fact that this broker is not subject to any regulation, traders are not advised to register real trading accounts here.

Leverage

This is another piece of information we miss on World Forex 24 website. Unregulated brokers love to offer generous trading leverage to attract news traders. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

In terms of spreads and commissions, World Forex 24 does not make this part clear.

Trading Platform Available

This doesn‘t become clear from the broker’s website, but after we signed up with World Forex 24, we were presented with a disarrayed and cluttered user area. This is no actual trading platform, but a number of charts that don‘t do anything but reveal the quotes of some third parties. And trading isn’t even enabled.

Deposit & Withdrawal

The client dashboard we accessed after registration with discloses revealed that World Forex 24 accepts payments via Bank wire, credit/debit cards, PayPal, Skrill, Neteller, Moneygram, Western Union, G Pay, Express Money, Cash App. As for withdrawals, we dont think this broker has any intention to give any money back to you, let alone to pay out any profits.