GMG Markets vs World Forex Comparison

Last updated May 30, 2025
GMG Markets LogoGMG Markets
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
World Forex LogoWorld Forex
4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of GMG Markets and World Forex

BrokerGMG MarketsWorld Forex
Rating
3.9/5
4/5
Foundation Year20152007
Regulated in CountriesUnited KingdomSaint Vincent and the Grenadines, Vanuatu
Minimum Deposit
  • 200 USD
  • 1 USD
  • 1 EUR
  • 1 RUB
  • 1 UAH
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:301:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Forex
  • Precious Metals
  • Energy Carriers
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 5
  • MetaTrader 4
  • WebTrader
ReviewGMG Markets Review World Forex Review

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.

World Forex is suitable for beginners and experienced traders thanks to narrow spreads and a wide selection of trading accounts.

GMG Markets Review

GMG Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices
Trading Platforms
MetaTrader 5
compare GMG Markets trading accounts

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 1:100 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

  1. Robust regulation — FCA license, segregated accounts, FSCS protection.
  2. Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
  3. MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
  4. VPS hosting — complimentary with required monthly turnover.
  5. 24/5 tech support — chat, phone, and e-mail typically respond within minutes.

Cons

  1. Limited instrument selection — only Forex, a few indices, and commodities.
  2. Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
  3. Minimum deposit of $200 — higher than brokers offering cent/micro accounts.
  4. No e-wallets or cryptocurrencies available for transactions.
  5. Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.

World Forex Review

World Forex Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4WebTrader
compare World Forex trading accounts

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

  1. Various trading accounts.
  2. Low spreads.
  3. Availability of popular trading platforms.
  4. A wide range of payment systems and broker-covered commissions on deposits.

Cons

  1. Limited selection of educational materials.
  2. There is an absence of soft commodities and indices.
  3. High swaps.

World Forex is in the top 10 of the following ratings:

Reliability

BrokerGMG MarketsWorld Forex
Reliability
5/5
3.6/5
Foundation Year20152007
Regulated in CountriesUnited KingdomSaint Vincent and the Grenadines, Vanuatu
Regulators
-

GMG Markets

Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.

Pros

  1. FCA License — Tier-1 regulator
  2. Funds segregation + FSCS compensation up to £85,000
  3. STP/NDD model without dealer intervention

Cons

  1. 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

  1. Monthly audit and certification of orders.
  2. Trader protection through a compensation fund.

Cons

  1. Regulated in offshore jurisdictions.

Account Opening

BrokerGMG MarketsWorld Forex
Account Opening
4.5/5
5/5
Minimum Deposit
  • 200 USD
  • 1 USD
  • 1 EUR
  • 1 RUB
  • 1 UAH

GMG Markets

GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day. However, a $200 deposit and extensive KYC may deter beginners.

Pros

  1. Online registration in 5–7 minutes
  2. Document verification within 1 day

Cons

  1. Minimum deposit of $200
  2. 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

BrokerGMG MarketsWorld Forex
Account Types
3.8/5
5/5
Trading Accounts
  • Standard
  • RAW Spread
  • W-CENT-fix
  • W-PROFI-fix
  • W-CENT
  • W-PROFI
  • W-CRYPTO
Minimum Deposit
  • 200 USD
  • 1 USD
  • 1 EUR
  • 1 RUB
  • 1 UAH
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:301:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Forex
  • Precious Metals
  • Energy Carriers
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 5
  • MetaTrader 4
  • WebTrader
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

  1. Commission-free Standard, and zero-spread Raw account
  2. Islamic account and spread-betting options for niche segments
  3. Complimentary VPS with required turnover

Cons

  1. No cent/fixed-spread account
  2. 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

  1. Wide selection of account types, including specialized accounts.
  2. Availability of a demo account and copy trading services.

Commissions

BrokerGMG MarketsWorld Forex
Commissions
3.5/5
3.5/5
Spreadfrom 0 pointsfrom 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

  1. No inactivity fees
  2. Free deposits and withdrawals

Cons

  1. 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

BrokerGMG MarketsWorld Forex
Rating
4/5
4.5/5
Account Funding Methods
  • Bank Transfer
  • Visa
  • Mastercard
  • Payeer
  • Perfect Money
  • AdvCash
  • Moneta.ru
  • Apple Pay
  • Google Pay
  • Wallet One
  • Swift
  • Visa
  • Mastercard
  • Сбербанк Онлайн
  • Тинькофф Банк
  • Альфа Банк
  • Промсвязьбанк
  • Русский Стандарт
  • Homebank.kz
  • Privat24

GMG Markets

Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.

Pros

  1. Commission-free transactions
  2. Instant card funding

Cons

  1. No e-wallets
  2. 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

BrokerGMG MarketsWorld Forex
Markets and Products
2.5/5
3/5
Forex6455
Precious Metals134
Energy Carriers32
Indices17-
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

  1. 64 currency pairs
  2. Major indices and metals

Cons

  1. No CFDs on stocks
  2. No cryptocurrencies
  3. Limited commodity selection

World Forex

The World Forex product range is limited but covers the main asset categories.

Pros

  1. A large number of currency pairs.
  2. Spot metals and oil.
  3. Availability of CFDs on cryptocurrencies.

Cons

  1. No soft commodities and indices.
  2. Relatively small number of CFDs on stocks.
  3. Lack of opportunities for extended portfolio diversification.

Trading Platforms

BrokerGMG MarketsWorld Forex
Rating
3.5/5
4.5/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 5
  • MetaTrader 4
  • WebTrader

GMG Markets

The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.

Pros

  1. Fully featured MT5
  2. Desktop, web, and mobile applications

Cons

  1. No MT4, cTrader, TradingView
  2. 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

BrokerGMG MarketsWorld 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

  1. Complimentary Autochartist
  2. Market news

Cons

  1. No proprietary research
  2. 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

BrokerGMG MarketsWorld 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

  1. Regular free webinars
  2. Novice-oriented article base
  3. Recordings available 24/7

Cons

  1. No advanced courses
  2. 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

BrokerGMG MarketsWorld Forex
Rating
4.5/5
4.5/5
Email Support
  • info@gmgmarkets.co.uk
  • support@wforex.com
  • money@wforex.com
Hotline Phones
  • +4402038653306
  • 88005557899
  • +74952666077
  • +380443395938
  • +448704798221
  • +66834600012
Social Media

GMG Markets

The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.

Pros

  1. Online chat and phone support 24/5
  2. Rapid response
  3. Competent representatives

Cons

  1. No weekend support
  2. 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

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.