The beginning of the 21st century marked some of the biggest changes that would occur, not just in personal and professional lives, but also in numerous industries. This was when technology advanced and the internet began to be widely used. Today, there have been massive changes in all processes and industries and things are no longer done the way they were. The same applies to the world of financial trading. There existed a time when people traded in the stock markets or forex markets by going out to see brokers, negotiating with them and then making their trades. Those who were looking for a full-time career in trading or had the capital to invest were the ones who usually took interest in this space.
However, things have changed drastically over the years and like many other processes, trading has also been simplified by the combination of technology and the internet. For one, it has become a lot more accessible because people no longer need to leave their homes when they have decided to venture into this space. You can access it right from the comforts of your living room, or even your office. But, that’s not all. The changes over the years have also eliminated a lot of complexities and barriers to entry that existed before. For instance, you no longer have to have a substantial sum of money to begin.
Even with a small amount, you can get things started and increase your investment as you go, if you are interested. If not, you can walk away any time and it wouldn’t be a problem. You don’t have to have any background, experience or even knowledge of trading to start and this one of its most appealing features. Plus, there is no denying the availability of countless opportunities of making profits. Who doesn’t want that? Yet, there is one important thing that you need to be aware of when you have decided to make your mark in this space; you will first have to find a broker.
Indeed, they are an essential part of the online trading process and you need to look for one because they can open all the doors for you. Finding options to explore is not that difficult because you just need to do a search on Google, but you will come to know that not all companies are reliable. It is the internet after all, which means you have to be cautious and not choose without knowing exactly what you are getting into. Cybercrimes have become widespread and you obviously don’t want to be a victim.
The good news is that not all brokerages are the same and you can find some very reliable options when you begin looking. One of the choices you will come across is WorldStocks, which claims to provide you access to the world’s biggest financial markets via its platform. It promises the ultimate trading experience, but whether it really does offer that or not can only be determined after finding out everything about a broker. Let’s read through this WorldStocks Review and find out more:
|Trading Accounts||Five Account Options; Essentials, Micro, Standard, Premium and Premium Pro|
|Assets Coverage||Forex, Commodities, Stocks, Cryptocurrencies and CFDs|
|Trading Tools||Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Algo Trading|
|Education and Training||Yes; , Glossary, e-books, online video courses, webinars, tutorials and expert sessions|
|Customer Support||24/5 through email, phone number, online contact form and live chat assistance|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||HF and Company Ltd.|
When you start looking for a broker for trading in the financial markets, you will discover that there are two categories that exist. There are regulated and unregulated brokerages in the market, with the former referring to registered and licensed companies that are monitored by reputable third-party authorities and subject to rules and regulations, while the latter do not answer to anyone. It is apparent that regulated brokers should be the top choice, but some people do opt for unregulated ones because of their appealing offerings. But, if you are looking for security and reliability, you need a regulated company because unregulated ones are mostly scams.
So, before you decide to use WorldStocks, you need to know its regulatory status. The brokerage was established by HF and Company Ltd and is based in Seychelles and it falls under the regulation of the Financial Services Authority (FSA). As far as the founding company is concerned, it has its offices located in Sofia, Bulgaria. The regulation is highly reassuring because it tells you that you can rely on this platform, as they are subject to appropriate rules and regulations. They will not up and disappear overnight and if you have any doubts, they have also provided their license and registration number on their website.
These can be used for quickly verifying their status and ensuring that WorldStocks is truly a regulated brokerage that can be used to access the financial markets.
Assessing the regulatory status of a brokerage is only the first step to finding out everything about it. The next step you should take is to take a look at their asset index, as this will tell you what you can trade and how much you can expect to make. If the company doesn’t give you access to the best markets or has limited instruments available for trading, it will directly impact your bottom line. Even if you are a newbie, you are probably aware that diversification can help you manage your risks a great deal and allow you to maximize your returns.
But, whether you can diversify or not will depend on the brokerage you select. As far as WorldStocks is concerned, you will find out that they are offering more than 200 assets for trading on their platform and they belong to some of the world’s biggest financial markets. Most importantly, they have put together the top options from every market in order to ensure that their clients can maximize their profits as much as possible. Some of the markets you can access are highlighted below:
Stock: Considered synonymous with trading, the stock market is positively brimming with profitable opportunities for everyone. It involves investing in stocks of some of the most well-known companies in the world, which can generate solid returns for the trader. You can opt to invest in stocks of firms, such as Apple, Google, Microsoft, Amazon, PayPal, Netflix, Aurora and Facebook.
Forex: Recognized as the world’s largest financial market, the forex market is never short of trading opportunities. It involves buying and selling foreign currency pairs and there are literally thousands of those that can be traded by people. You can find a mix of major and minor currency pairs, and even exotic currency pairs also exist. EUR/USD, GBP/USD, USD/CHF, NZD/USD and USD/CAD are some of the choices you can try out.
Commodities: If you are interested in portfolio diversification and minimizing your risk, the commodities market is a safe bet and there are numerous commodities that you can choose. There are two categories i.e. soft and hard commodities. The former refers to agricultural items, such as rice, wheat, sugar, corn and coffee, while the latter refers to precious metals like gold, silver, platinum and copper. You can also invest in commodities like crude oil and natural gas.
Cryptocurrencies: One of the hottest trading instruments nowadays is none other than cryptocurrencies and WorldStocks has ensured that its customers will be able to trade the leading options in the market. You can choose from cryptocurrencies like Bitcoin, Ethereum and Litecoin and increase your chances of profit.
There is no feature offered by a broker that’s as important as their trading platform. It is the software used for trade execution, monitoring the market and making decisions, which means it will play a vital role in your trading journey. If the platform is lacking in any way, it will affect your trading performance and you don’t want that to happen because it can lead to losses. You don’t want a platform that doesn’t have the right tools for simplifying the trading process or breaks down and makes it difficult to monitor the market.
Thus, it is best to know what kind of trading platform to expect from a brokerage because this will help you in making up your mind. WorldStocks understands the role a trading platform plays and so, they have chosen to offer their clients one of the most renowned options that exist in the market; the MetaTrader4. If you have done any research into trading platforms, then you have probably discovered that the MT4 is considered the gold standard where platforms are concerned and is recommended by experienced and professional traders all around the globe.
The MT4 has become a popular choice due to its future-rich environment combined with its user-friendly interface. This makes it easy to use, which means it is a solid option not just for experienced traders, but beginners as well. You will find everything you need on a single platform and it allows you to trade multiple assets, which is undoubtedly convenient. It offers the latest market news to stay updated, advanced charting capabilities for tracking trends, 30 trading indicators, more than 20 technical analysis tools and one-click trading features.
You will be able to take advantage of ultra-fast trade execution, allowing you to capitalize on the smallest of market movements. The MT4 is available for both Windows and Mac and you can download it within a few seconds without any hassle. But, this is not the only option that WorldStocks is offering to you. Along with the desktop client of the MT4, they have also added the mobile trading apps to enable their clients to benefit from this technological solution. The apps are available for both iOS and Android and can be downloaded quickly.
With these apps, traders are able to enjoy trading on the go no matter where they are. Moreover, the apps are also equipped with some of the advanced features and tools of the desktop platform, making them quite efficient.
Once you are done checking the trading platform, it is now time to see what steps you will have to go through in order to register with a broker. You would obviously want to start trading as quickly as possible, but this is not always the cause because the registration process might take time. WorldStocks will surprise you in this regard because they allow their clients to register an account in less than five minutes, which is certainly a bonus. It means there is absolutely zero waiting time involved and you can begin trading as quickly as possible.
Moreover, you will be able to create an account on WorldStocks for free, as there are no registration fees involved here. If you want to register with this broker, you can visit their website and click on the Register option that can be found on the top right corner. As soon as you click this option, it will lead to an online form that you have to complete. There is no extensive information required here and you only need to put in the basics. These include your first name, last name, email address, phone number, country and an account password.
You will also be asked to choose an account currency and there are three options that WorldStocks has added in this regard. These are USD, EUR and GBP and you can pick one option, as per your preference. The last step that you have to complete is to agree to the Terms & Conditions that have been outlined by the broker on their website. You can go through them once in order to know what you are agreeing to. When the form is complete, you will be registered on the platform and can immediately jump to the next step.
To start trading, you have to first complete the registration process, but then you also need to choose which account you want to open with a broker. It is standard for brokerages to offer several choices to their clients, particularly those that are catering to traders from different backgrounds. This is exactly what you will discover at WorldStocks, since they facilitate people from all walks of life. Whether you are a new trader or a veteran, they are offering their services to you, but the account options you choose may vary.
In order to make a choice, you have to know what options are available. WorldStocks has added a total of five options to their platform, which is a bit more than the usual three options that brokerages offer. Each of these accounts have been created for a specific category of trader and you can choose from these options. Let’s check them out:
Essentials: The first account option that has been provided by WorldStocks is known as Essentials, which has a minimum deposit requirement of $250. It is meant for newcomers in the trading world, so it comes with limited features. Traders can get leverage of up to 1:50, the lot size starts from 0.01 and the spreads from 3.0 pips and morning brief is also given. Plus, traders can enjoy dedicated customer support in this account.
Micro: The next account option that you will come across is for beginner traders with slightly more experience and exposure than complete newbies. The minimum deposit needed for the Micro account is $1,000 and the leverage in this account is now adjusted to 1:75. The spreads are also lowered to 2.5 pips.
Standard: The third account option that WorldStocks is offering is known as Standard and this one is ideally suited to intermediate traders. The minimum deposit they have to make with this account is $5,000 and there are some changes to the features. The leverage in this account is 1:100 and the spreads begin at 2.0 pips. Along with Morning Brief, trading signals access is also provided. Traders can also get free VPS and a premium trading education.
Premium: The Premium account is the next option you will come across and it is for advanced and seasoned traders. Therefore, it requires a minimum deposit of $40,000, but also offers better trading conditions in return. While the leverage remains same as the Standard account, the spreads are further reduced and now begin at 1.5 pips, which is quite impressive. MT4 indicators are also available in this account option.
Premium Pro: The last account option that you will find on WorldStocks is called Premium Pro and it comes with a minimum deposit of $200,000. The leverage in this account is 1:150 and the spreads start at 1.1 pips. Premium customer support is provided in this account, as it is for professional traders. It also comes with quarterly analyst sessions, exclusive events and commissions, all of which are great incentives.
Deposits and Withdrawals
When you are done with the step of account selection, it will be time to fund your account because you cannot start trading without money. In order to be able to do that, you have to know what methods are supported by a broker for deposits and withdrawals. It is necessary to find out the answer to this question because you want to be able to add your funds quickly, safely and easily. You don’t want to compromise even on a single aspect and so, it is a good idea to take a look at your choices.
The same applies to WorldStocks and when you check out their funding options, you will be pleased to know that they are offering quite a variety. For making deposits on the platform, you can choose to use wire/bank transfer, which is regarded as a risk-free method, but it does take 1 to 2 business days to process. You can use both EUR and USD for this purpose and the minimum amount of deposit via this method is 1000. But, you don’t have to pay any fee at all.
The second option for deposit is debit and credit card, which is regarded as the quickest method because it allows you to deposit funds instantly on WorldStocks. You can use USD, EUR and GBP for this purpose and the minimum deposit is 250, with no fees applicable. Moving onto withdrawals, you will come to know that there are more choices available in this regard. You can use bank transfer, which involves fee of 50 and processing time is 5 to 7 working days. Debit and credit cards incur a fee of 25 and processing time is 3 to 5 working days.
Online payment solutions like Neteller can also be used, which has the same charges and processing time as debit and credit cards. WorldStocks also allows its clients to use Bitcoin for making their withdrawals. The fees depend on the BTC rates and T&Cs and the processing time is 3 to 5 business days. You can submit withdrawal requests through your account on the platform easily. As long as your account is not dormant, has enough balance and is fully compliant, your request will be immediately approved. You need to leave the minimum trading balance in your account, or else there might be a problem.
Apart from these things, you should also be aware that WorldStocks has taken security of its clients quite seriously. They have implemented various security features for protecting those who sign up with them. They are also compliant with security policies like AML (Anti-Money Laundering) and KYC (Know-Your-Customer), which are also designed for ensuring safety and security. They also offer their users with access to educational resources that can be used for polishing your knowledge of the trading markets.
Furthermore, you will also find the facility of algo trading added to the mix, which allows traders to enjoy the benefits of automated trading. Add top-notch customer support and WorldStocks becomes a comprehensive broker for everyone.