GMG Markets vs World Forex Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - GMG Markets or World Forex?
Our pick: World Forex
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - World Forex looks preferable to GMG Markets.
World Forex scored 4/5 and ranks 50 in our all Forex brokers list, whereas GMG Markets has 4/5 and ranks 51.
This is not financial advice. See the full comparison below.
Who is GMG Markets suitable for?
GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.
Who is World Forex suitable for?
World Forex is suitable for beginners and experienced traders thanks to narrow spreads and a wide selection of trading accounts.
Comparison Table of GMG Markets and World Forex
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Foundation Year | 2015 | 2007 |
| Regulated in Countries | United Kingdom | Saint Vincent and the Grenadines, Vanuatu |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:30 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | GMG Markets Review | World Forex Review |
GMG Markets Review
GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.
This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:200 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
Pros and Cons of GMG Markets
Pros
- Robust regulation — FCA license, segregated accounts, FSCS protection.
- Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
- MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
- VPS hosting — complimentary with required monthly turnover.
- 24/5 tech support — chat, phone, and e-mail typically respond within minutes.
Cons
- Limited instrument selection — only Forex, a few indices, and commodities.
- Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
GMG Markets is in the top 10 of the following ratings:
World Forex Review
World Forex offers traders a variety of trading accounts and competitive conditions with low spreads, making it an attractive choice for clients interested in saving on trading costs. Support for the popular MetaTrader 4 and MetaTrader 5 trading platforms guarantees a high level of convenience and functionality, while a large selection of payment systems and the broker's coverage of deposit fees simplify financial transactions.
WForex is best suited for active traders who prefer short-term trading and can take advantage of low spreads and a wide choice of payment systems. The broker will be less attractive for beginners due to the lack of training resources and for those looking for long-term investment opportunities due to high swaps.
Pros and Cons of World Forex
Pros
- Various trading accounts.
- Low spreads.
- Availability of popular trading platforms.
- A wide range of payment systems and broker-covered commissions on deposits.
Cons
- Limited selection of educational materials.
- There is an absence of soft commodities and indices.
- High swaps.
World Forex is in the top 10 of the following ratings:
Reliability
| Broker | GMG Markets | World Forex |
|---|---|---|
| Reliability | 5/5 | 3.6/5 |
| Foundation Year | 2015 | 2007 |
| Regulated in Countries | United Kingdom | Saint Vincent and the Grenadines, Vanuatu |
| Regulators |
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GMG Markets
Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.
Pros
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
Cons
- Single jurisdiction (FCA), no additional licenses
World Forex
World Forex is a member of the Financial Commission (FinaCom), and the quality of order execution on the broker's platform is analyzed monthly by the VerifyMyTrade service. However, WForex is regulated in offshore jurisdictions.
Pros
- Monthly audit and certification of orders.
- Trader protection through a compensation fund.
Cons
- Regulated in offshore jurisdictions.
Account Opening
| Broker | GMG Markets | World Forex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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GMG Markets
GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day.
Pros
- Online registration in 5–7 minutes
- Document verification within 1 day
Cons
- Detailed KYC form
World Forex
Considering that a minimal amount of information is required for registration and the verification process is standard, it can be said that the account opening process at WorldForex is quite simple and convenient.
Account Types
| Broker | GMG Markets | World Forex |
|---|---|---|
| Account Types | 3.8/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:30 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
GMG Markets
Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.
Pros
- Commission-free Standard, and zero-spread Raw account
- Islamic account and spread-betting options for niche segments
- Complimentary VPS with required turnover
Cons
- No cent/fixed-spread account
- Lack of copy trading, PAMM, contests
World Forex
WorldForex offers a variety of account types, meeting the needs of different traders, making it a versatile choice.
Pros
- Wide selection of account types, including specialized accounts.
- Availability of a demo account and copy trading services.
Commissions
| Broker | GMG Markets | World Forex |
|---|---|---|
| Commissions | 4/5 | 3.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | |
| Commission per Lot | $3.5 |
GMG Markets
GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.
Pros
- No inactivity fees
- Free deposits and withdrawals
Cons
- Swaps are above average
World Forex
Low spreads make trading accessible, but relatively high swaps and standard margin rates can increase the overall cost of trading, especially for traders using long-term trading strategies.
Deposit and Withdrawal
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
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GMG Markets
Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.
Pros
- Commission-free transactions
- Instant card funding
Cons
- No e-wallets
- No cryptocurrencies
World Forex
WorldForex provides convenient and fairly quick methods for depositing and withdrawing funds, but high commissions for withdrawals by payment systems can sometimes be an issue for clients.
Markets and Products
| Broker | GMG Markets | World Forex |
|---|---|---|
| Markets and Products | 2.5/5 | 3/5 |
| Forex | 64 | 55 |
| Precious Metals | 13 | 4 |
| Energy Carriers | 3 | 2 |
| Indices | 17 | - |
| Stocks | - | 46 |
| Cryptocurrency | - | 17 |
GMG Markets
The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.
Pros
- 64 currency pairs
- Major indices and metals
Cons
- No CFDs on stocks
- No cryptocurrencies
- Limited commodity selection
World Forex
The World Forex product range is limited but covers the main asset categories.
Pros
- A large number of currency pairs.
- Spot metals and oil.
- Availability of CFDs on cryptocurrencies.
Cons
- No soft commodities and indices.
- Relatively small number of CFDs on stocks.
- Lack of opportunities for extended portfolio diversification.
Trading Platforms
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Trading Platforms |
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GMG Markets
The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.
Pros
- Fully featured MT5
- Desktop, web, and mobile applications
Cons
- No MT4, cTrader, TradingView
- Essentially a single platform option
World Forex
World Forex trading platforms offer a wide range of functionalities and ease of use, although the broker lacks an alternative to MetaTrader for mobile and desktop devices.
Analytics
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 3/5 | 4.5/5 |
GMG Markets
Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.
Pros
- Complimentary Autochartist
- Market news
Cons
- No proprietary research
- Weak fundamental analysis
World Forex
World Forex offers a decent set of tools for market analysis. However, the analytics section could be more diverse and include additional analytical tools or signals to better support traders.
Education
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 4/5 | 2/5 |
GMG Markets
The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.
Pros
- Regular free webinars
- Novice-oriented article base
- Recordings available 24/7
Cons
- No advanced courses
- No podcasts or multilingual programs
World Forex
The education section of the World Forex broker provides basic information for beginners, but is limited in scope and learning formats. Expanding and diversifying educational materials could improve its usefulness and appeal to traders.
Customer Support
| Broker | GMG Markets | World Forex |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
LinkedIn
Telegram
VK
Twitter
OK
YouTube
TradingViewGMG Markets
The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.
Pros
- Online chat and phone support 24/5
- Rapid response
- Competent representatives
Cons
- No weekend support
- Delays during peak demand
World Forex
The technical support section of World Forex offers a variety of communication channels, ensuring accessibility and convenience for clients.
Comparisons of GMG Markets and World Forex with other brokers
Conclusion
World Forex stands out as the better overall pick, while GMG Markets trails on aggregate criteria.
World Forex scored 4/5 and ranks 50 in our rating; GMG Markets has 4/5 and ranks 51.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: GMG Markets or World Forex?
World Forex comes out ahead by overall rank (score 4/5, position 50) versus GMG Markets (score 4/5, position 51).
Which broker is better for beginners: GMG Markets or World Forex?
World Forex is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — GMG Markets or World Forex?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with GMG Markets and World Forex?
GMG Markets: MetaTrader 5. World Forex: MetaTrader 5, MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with GMG Markets and World Forex?
GMG Markets: Forex, Precious Metals, Energy Carriers, Indices. World Forex: Forex, Precious Metals, Energy Carriers, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by GMG Markets and World Forex?
GMG Markets: Standard, RAW Spread. World Forex: W-CENT-fix, W-PROFI-fix, W-CENT, W-PROFI, W-CRYPTO. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by GMG Markets and World Forex?
GMG Markets: Bank Transfer, Visa, Mastercard. World Forex: Payeer, Perfect Money, Volet, Moneta.ru, Apple Pay, Google Pay, Wallet One, Swift, Visa, Mastercard, Сбербанк Онлайн, Тинькофф Банк, Альфа Банк, Промсвязьбанк, Русский Стандарт, Homebank.kz, Privat24. Check method-specific fees/settlement times.
Which broker is safer — GMG Markets or World Forex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
