WorldMarkets Review 2020 – AI Managed Stock Broker Accounts

WorldMarkets Review 2020 AI Managed Stock Broker Accounts 1
WorldMarkets Review 2020 AI Managed Stock Broker Accounts 1

World Markets Review – WorldMarkets is an online retail broker specializing in bullion physical trading and in recent years has expanded its services to online trading including forex, stocks, indices, commodities, and cryptocurrencies. The company also provides AI managed accounts and Security Tokens (STOs) trading.

  • Platform Name: World Markets
  • Website: https://worldmarkets.com/
  • Registered Location: Tallinn, Estonia
  • Founded: 2003
  • Branches: Norway, China, Iceland, Switzerland, Bahrain, Panama
  • Minimum Deposit: EUR/USD 5000
  • Leverage: up to 50x
  • Supported Payments: Bitcoin, Ethereum, Visa, MasterCard, Skrill, WebMoney, Skrill and Wire Transfer
  • Trade Instruments: AI Managed Accounts, Gold & Silver Bullion, Exotic Metals, Digital Gold, STOs, etc.

We have carried out an in-depth WorldMarkets Review and found that this broker is recommendable and legit. This brokerage firm has made a name for itself with its essential bullion trading service as well as other unique trading operations and features. As a result, the broker provides a great variety of markets and products.

In this review, we will offer a concise overview of World Markets including markets and products, trading features, trading platforms, account types, pros and cons and more.

Review What is World Markets?

Founded in 2003, World Markets is an industry-leading brokerage specializing in the Bullion (Gold/Silver) and digital gold trading. Though the company was initially launched as a precious metals dealer, Worldmarkets.com has expanded its business to provide online trading services that include currency pairs, stocks, indices, commodities, and cryptocurrencies. World Markets has more than 50,000 clients worldwide and more than 30M assets under management. The broker also takes pride in its AI trading system that has an average monthly performance of 21.67%.

Worldmarkets.com provides a selection of online products through its partnerships with HYCM, a regulated broker since 1977 and Bitmex, one of the largest cryptocurrency exchanges in the world. The broker is also offering Artificial Intelligence managed account that allows traders to connect with top algorithms and trading of Security Tokens same as other brokers such as UFX.

The broker has registered offices in Norway, China, Switzerland, Iceland and additional representative offices in Bahrain and Panama.

WorldMarkets Performance

World Markets AI Managed Trading solution is a top performer in the market. The use of advanced machine learning and artificial intelligence combined with a team of highly skilled professional traders and analysts have managed to generate an average monthly return of over 20% irrespective of the market condition. The platform’s YTD compounded annualized returns stand at around 211%. The AI trading algorithm implemented in managed trades is designed to analyze the market conditions on-the-fly and generate the most profitable trades. The signals provided by this algorithm are further analyzed by the experts before opening trades on behalf of the investors who have put faith in them. They ensure that all such trades fall within the acceptable risk margin as a part of the advanced risk management protocol. Also, the MQL Copy Trading Platform offers investors access to the account 24/7 so that they can monitor the performance of their investment, check historic profit/loss statistics, implemented trading strategies, make deposits or withdrawals, etc.

While the Trader Operated AI Managed solution is ideal for those who would like better returns on their investments, users who would like to trade by themselves can make use of the tried and tested MetaTrader 4 and MetaTrader 5 to connect their respective accounts on World Markets and its partners to start trading on a familiar interface.

Review WorldMarkets Awards:

  • Declared Best Bullion Exchange and Best AI Company of the year 2019 by Global Brands Magazine
  • Awarded Best Managed Account and Best AI Company of 2019 at the 22nd China International Investments and Finance Expo
  • World Forex Award for Best Trading Performance in 2019
  • Best Managed Account and Best Gold Dealer in 2018

Markets and Products

Worldmarkets.com offers a unique selection of markets and products that differentiate its services from competitors in the industry. The broker offers the Artificial Intelligence (AI) managed account powered by Microsoft AI software and also offers a diverse variety of bullion products including gold, silver, platinum, palladium, copper, and rhodium. Furthermore, the broker provides the option to trade gold digitally.

When it comes to online trading, Worldmarkets.com directs its traders to HYCM, highly regulated broker by FCA, CySEC, and CIMA that is operating since 1977. This partnership allows traders to trade a variety of products through HYCM’s platform including currency pairs, stocks, indices, commodities (CFDs), and cryptocurrencies.

The broker also provides cryptocurrency trading through BitMex, one of the largest cryptocurrency exchanges in the world, and the ability to trade Security Tokens (STOs) through DX. Exchange.

WorldMarkets Partnerships

World Markets has a long list of reputed partners supporting its operations in every aspect. Starting with their core bullion trading business, the platform has direct suppliers in the form of Gold Republic, GoldCore, LegacyGold and The Royal Mint from where the physical gold, silver or platinum can be purchased and shipped to spot buyers. Similarly, the partnership with BullionbyPost allows World Markets to allow users access to the precious metals market which includes the likes of Platinum, Palladium, Copper, Rhodium, etc. The BullionVault is a secure precious metal storage facility and also the largest online investment gold service, which also plays a role in supporting Digital Gold trading and transactions on World Markets where the digital asset is backed by actual physical gold.

For those who want to trade on their own, without having to opt for the World Markets Trader Operated AI Managed accounts, the Self-Trading accounts in association with HY Markets is made available. HY Markets is one of the oldest trading services platforms operating since 1977, licensed and regulated by FCA, CySEC, and CIMA. By connecting to HY Market account through MetaTrader 4 or MetaTrader 5, users can start trading 40+ forex pairs, commodities, stocks, etc., with as less a $50 deposit. If the users wish to trade cryptocurrencies, then the partnership with crypto-heavyweight BitMEX allows them to buy, sell, exchange and trade a long list of cryptocurrencies including Bitcoin, Ethereum, Monero, Cardano, Tron, ETH Classic and more at maximum leverage.

Review WorldMarkets Trading Features

World Markets efforts to provide clients with the most robust set of trading features and tools. The broker offers traders trading features to improve their trading experience. Those include:

Automated Trading Account

The Artificial Managed account is the top feature offered by World Markets, offering an automated trading account utilized by advanced algorithms that allegedly scan the market and identify successful trading opportunities.

Safety Measurements

With the increasing risk of hacking attacks, World Markets offers 2-Factor Authentication, and military-grade encryption to prevent any account access breaches. The company also follows all security measures when it comes to clients’ safety of funds – All funds are held with Tier-1 Liquidity Providers and Banks to ensure the highest levels of security for clients.

Performance Statistics and Data

It seems that the World Markets’ model includes an analysis of its AI managed account performance. The broker uses strict risk management settings to ensure only the trades with the highest win percentage likelihood are executed and provides clients with relevant data.

WorldMarkets Trading Platforms Review

As previously mentioned, traders with World Markets can choose to trade on multiple platforms. The broker offers the in-house MQL Copy Trader for traders who choose to trade through the AI managed trading account and the MetaTrader 4 and MetaTrader 5 for traders who prefer the self-trading account via HYCM. 

Take note that MetaTrader 4 and MetaTrader 5 are compatible with Windows, Mac, and on any web-browser. With these platforms, you can also activate your trading account from a mobile trading application that is available on the App Store and Google Play. MetaTrader 4 is one of the most popular online trading platforms in the market, equipped with features, such as enhanced charting package, automated trading (Expert Advisors) and a selection of 85 trading indicators. The broker also supports the MetaTrader 5, which is the new version of MT4 and has optimized trading tools including built-in indicators, a built-in economic calendar, and advanced trading features.

World Markets Trading Dashboard – MQL Copy Trader

For clients who choose to trade through the AI Managed account, World Markets provides the MQL Copy Trader that allows you to view and track your trading account anytime you wish. The AI managed account claims to use high-frequency algorithms that automatically scan the market and identify trading opportunities.

The MQL Copy Trader is a solid trading platform where you can get real-time and quick access to all sorts of data including your account balance, live charts, market data, and news feed.

To take advantage of the self-trading account on the platform, traders are being directed to HYCM, one of the leading CFD and forex brokers in the industry. Similarly to other CFD brokers such as Markets.com, HYCM provides the MetaTrader 4 and MetaTrader5, two of the most widely used electronic trading platforms in the online trading market

Review WorldMarkets Supported Countries

World Markets accepts clients from any country except the following: the United States of America, Austria, Belgium, Cuba, North Korea, Syria, Iran, Libya, Somalia, Sudan, Myanmar, Yemen, or Russia.

Review WorldMarkets Fees and Commissions

The broker states on its website that there are no upfront fees associated with any World Markets trading accounts, including AI Managed Accounts, as well as Digital Gold and other advanced trading instruments.

The broker, however, does disclose the pricing structure for the AI managed account:

  • Standard Accounts are charged a 20% performance fee and a 1% Annual Management Fee.
  • Gold Premier Accounts ($25,000+) are charged 10% Performance Fee and 1% Annual Management Fee.

The broker operates also the High Watermark principle to ensure that traders do not pay performance-based fees repeatedly and the accounts are only subject to fees on net profits.

Minimum Deposit

The minimum deposit at World Markets varies depending on your account type and the plan you choose. The minimum deposit for the AI managed account is $2500. For the HYCM online trading account, the minimum deposit requirement is as low as $100.

Review WorldMarkets Account Types

World Markets platform offers different types of trading accounts including:

AI Managed account

The AI Managed Account allows traders to connect with top algorithms used to trade millions of dollars while being directly supervised by World Markets’ analysts. The broker claims to have generated impressive trading profits for its clients. Traders can track the trading performance through the MQL trading dashboard.

Self-Trading account (HYCM)

Unlike the AI managed account, for traders who would like to take control of their trading activity, World Markets provides a self-trading account through HYCM that offers three types of trading accounts: Fixed, Classic Raw and VIP account.

Cryptocurrency account (BitMex)

Another option is to trade through BitMex, one of the leading cryptocurrency exchanges in the world. BitMex allows traders to trade cryptocurrencies with leverage including exotics crypto coins.

Safety and Security

When it comes to safety and security, the investors are always in control of their funds on World Markets. The platform employs safe trading practices and best-in-class trading software to mitigate losses. The overall trade quality is further enhanced by advanced risk management protocols followed by the team before executing each trade. The use of 2FA and military-grade encryption further enhances the security of account information and associated funds on the platform. The use of Tier-1 liquidity providers and banks as custodians of funds ensures that investors’ interests are always protected on World Markets.

Review WorldMarkets Customer Support

Being a truly global platform, World Markets has a strong customer support infrastructure in place. Users on the platform can directly call the customer support desk in their respective countries by dialling the country-specific phone number listed on the website. Alternatively, they can send an email to [email protected] or fill the contact form available on the platform. World Markets states that all emails will be answered within a timeframe of 1-2 hours. The desks will be open from Sunday 21:00 GMT till Friday 21:00 GMT, whereas any cryptocurrency trading related queries will be addressed 24/7.

In addition to managed trading, those who wish to master financial markets can avail a range of educational resources provided by World Markets. Anyone interested in exploring the markets themselves can pick any of the affiliate platforms to start trading forex, precious metals, exotics, security tokens and more.

Regulation

Though World Markets regulatory framework is unclear, the company is transparent about the risks involved with online trading and ensures traders’ safety measurements. All funds are being held with Tier-1 liquidity providers and Banks to ensure traders’ safety of funds. For the self-trading account, World Markets allows traders to connect with HYCM, which is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and, CIMA.

WorldMarkets Deposit and Withdrawal Review

There is an extensive list of payment methods for World Markets accounts. Those include:

  • Wire Transfer
  • Visa
  • MasterCard
  • Bitcoin
  • Ethereum
  • Skrill
  • WebMoney

World Markets does not charge any deposit and withdrawals fees besides credit card transactions and traders are eligible for six withdrawals per 12 months period.

Note that you can view your account balance in EUR, USD, AUD, CAD, SGD, HKD, or BTC.

Education

Worldmarkets.com has a useful section for educational resources that includes a huge VOD library categorized into the following topics: Basic Forex Education, Fibonacci, Understanding Candlesticks, Chart Formation Patterns, Forex Indicators, Timing in Forex, MetaTrader4, and Cryptocurrencies.

Review Worldmarkets Education

In addition, the broker provides traders with daily financial news videos from the World Market analyst team on the brokers’ website and the MQL Copy trading dashboard.

Review WorldMarkets Pros and Cons

Pros

  • World Markets offers the AI managed account, an automated trading software with impressive trading results
  • An industry leader in the Bullion (Gold/Silver) trading
  • World Markets has won numerous awards and recognition from financial agencies
  • A low minimum deposit of $100 required to get started.
  • World Markets partners with some of the most well-known financial firms in the industry such as HYCM, BitMex, Barchart, TradingView, DX.Exchange, etc.
  • Supports numerous payment options including Bitcoin and Ethereum.

Cons

  • No mobile Apple/Android app available for AI trading
  • Cannot accept credit card deposits/ withdrawals
  • No demo account

WorldMarkets Review Conclusion

World Markets is probably the only platform that offers a diverse range of trading instruments from some of the most reputed partners in the industry. The platform offers something for all, irrespective of their trading preference. Given that the barrier to entry is not set too high, anyone remotely interested in trading can create an account with World Markets and start investing in something or the other. Also, another added advantage is the fact that all World Markets partners are licensed and regulated by relevant authorities, which makes them a reliable option compared to a lot of others. It is worth giving a try. We also suggest you go through the Education section of the World Markets website.

Learn more about World Markets athttps://worldmarkets.com/

Create an Account on World Markets athttps://worldmarkets.com/AI-PAMM/accounts/registration