Worldmarkets.com Review; World Markets Review 2021
Worldmarkets.com is a leading online brokerage platform that focuses on bullion trading (gold, silver, copper, rhodium, platinum, etc.) and other services like commodities (CFDs), stocks, currency pairs, and also digital gold like cryptocurrencies. the corporate uses the advanced AI trading to surpass human traders.
IMPORTANT: Have you lost money to World Market? You can recover all the money you lost to World Market, any other broker or investment/trading platform with the help of Broker Complaint Alert, visit – www.brokercomplaintalert.com
World Markets Review; All About World Markets
The company was launched in 2003. At then, they operate as precious metals dealer but afterward they expanded their operation and offer online trading services that include currency pairs, stocks, indices, commodities, and cryptocurrencies.
According to World Markets their platform is 100% transparent, and also you do not need to have experience in trading if you wish to use their platform. With their recent expansion in business World Markets has over 60,000 clients worldwide and has invested in more than 30 million assets. The platform has also partnered with esteemed firms like HSBC, CIMA, FXTM, etc.
The recent amalgamation with AI-based trading has revolutionized crypto trading that has maximized returns overcoming limits of traditional crypto trading platforms. Cryptocurrency traders can participate in cryptocurrency trading through BitMEX and as well trade STOs or security tokens through DX.Exchange.
WorldMarkets AI Managed Accounts
According to World Markets, their trading system can help any trader and forex brokers to realize reliable performance in trading. However, there’s proof available for this, based on the company official website, their ai-tool has won various awards.
In reality, whether you’re a beginner or professional trader, their artificial intelligence tool will be helpful for you.
Features
- World market customers get AI based automatic trading accounts with tools and functions that get traders updated with the current market trends and opportunities. After 24hours, users can start trading.
- All accounts are secured by a two-factor authentication process together with military-level encryption.
- The client funds are protected by tier-1 liquidity providers and every trade are done through HYCM under the regulation of FCA (Financial Conduct Authority) and CySEC (Cyprus Securities and Exchange Commission), and CIMA.
- The AI-based accounts make sure that the account holders get access to the best bids with maximum trading profits.
- HYCM provides multiple trading platforms together with MetaTrader 4 and MetaTrader 5 that are compatible with Windows, Mac, and other web browsers.
- The MQL Copy Trader is a dashboard that offers real-time data, market trends, and charts that keeps you updated on the recent trading opportunities and also allows you to see and manage your trading account.
- Round-the-clock live customer support from the technical team. you’ll be able to contact them through phone or email once you have a question. Company response to the e-mail within 1 to 2 hours World Market has customer service available in 43 countries.
- Account-holders can check their accounts 24/7 and digitally sign trading agreements.
- Accepts global payments via Credit Cards, wire transfer, Skrill, bitcoins, WebMoney, and Ethereum.
- All withdrawals or deposit are free except transactions made from credit cards. Maximum 6 withdrawals allowed per year.
What is The Minimum Deposit?
The minimum account deposit depends on the kind of account and also the plan you decide on. If you have got an HYCM trading account, the minimum deposit is as low as $100. For AI-based accounts, the minimum deposits is $2500. the various methods you’ll be able to deposit money are wire transfer, Bitcoin, Bitcoin Cash, Ethereum, Other Cryptocurrency Transfer Deposit, Skrill, Neteller, RapidPay, and Webmoney. All of these have a 0% deposit fees. you’ll be able to also deposit funds using Visa and Mastercard but this charges a 7% deposit fees. Cryptocurrency deposits are done by sending crypto to the wallets that are provided.
Pricing Structure
As such, World Markets doesn’t charge any upfront fees for AI-managed accounts or trading digital assets, like Digital Gold and advanced trading instruments. However, there are performance fees that are levied depending on the kind of AI-managed account you hold on the platform. All fees are paid on net profits. However, they already disclosed the pricing structure for the AI managed account:
- Standard Account holders: Performance fees are 20% and Annual Management fees are 1%.
- Gold Premier Account holders: Gold account holders with over $25,000 deposits are charged a performance fee of 10% and therefore the Annual Management fee is 1%.
Awards
On World Markets official website, it is clearly defined that the company have collaborated with various big brands like Crypto Group, BarcklayHedge and others. Moreover, the website also states that they’re the winner of multiple awards like:
- Best Bullion Exchange and also Best AI Company of the year 2019 by Global Brands Magazine.
- Best AI Company and Best Managed Account of 2019 at the 22nd China International Investments and Finance Expo.
- The World Forex Award in 2019 for Best Trading Performance.
- Best Gold Dealer and Best Managed Account in 2018.
Types of Accounts
- AI-managed accounts: The account holders are supervised by market analysts. The MQL dashboard offers them live updates of their trading performances and market trends.
- Self-trading accounts: These accounts are managed by HYCM and lets users to manage their trading activities and account. HYCM account holders can get access to three plans – VIP, Classic Raw, and Fixed.
- Cryptocurrency accounts: For those that want to trade cryptocurrencies, the corporate offer cryptocurrency trading by doing a partnership with BitMEX. So, if you would like to be trading cryptocurrency with World Markets platform, then you’ll open a cryptocurrency account through BitMEX. The exchange allows account holders to trade different cryptocurrencies in the market.
World Market Review; Pros & Cons of World Market
Pros
- Allows users to have AI-managed accounts leveraging the advantages of diverse AI tools and features of the market.
- one the leaders in bullion trading.
- Allows a low minimum deposit of around $100.
- Recognized by lots of prestigious financial firms and has won many awards.
- Partnered with a number of the leading financial firms like HYCM, BitMEX, DX.Exchange, TradingView, etc.
- The platform has been backed by multiple payment gateways for simple trading including cryptocurrencies like Ethereum and bitcoins.
- It provides educational resources just like the VOD library and live videos that are available on the MQL dashboard and broker’s websites.
Cons
- All credit card trades are subject to fees.
- No demo account is offered on the platform.
World Markets Review Conclusion
World Markets is safe once you consider that it uses trading platform and services provided by HYCM, which is a credible trading company with over twenty years and has won numerous awards from several industry agencies. World Markets provides unusual products like AI managed account and physical bullion trading. However, it’s important to know somethings. Very small, in terms of management and headquarters are known about the platform. Most of the claims on its website have not been verified. They claim that its algorithms perform well. However, this performance can’t be verified and there’s no evidence of its future performance.
Recover Money Lost to World Market
This broker has put lots of effort into developing a good trading system with excellent customer service. But, at last, we always recommend our readers to try and do their own research before opening a live account. Have you lost money to World Market? You can recover all the money you lost to World Market, any other broker or investment/trading platform with the help of Broker Complaint Alert, visit – www.brokercomplaintalert.com