WorldMarkets AI Managed Trading Full Review
Platform Name: World Markets
Website: https://worldmarkets.com/
Registered Location: Switzerland
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.
WorldMarkets the award-winning brokerage was founded in 2003 offers a wide range of trading products and investment strategies. The broker started with precious metals like Gold and Silver but over the years it has vastly increased the services to offer Forex trading, commodity trading, stocks, indices, and cryptocurrency trading.
With 17 years of experience and trust, WorldMarkets now has more than 50,000 clients and over 30 Million in assets management. WorldMarkets have partnered with industry leaders to increase their reach and trading experience. Users can trade on the WorldMarkets platform along with the partnered platforms like HY Markets, BitMEX, and others, based on their choice of trading instrument.
WorldMarkets Awards
- Win Best Bullion Exchange and Best AI Company of 2019 by Global Brand Magazine
- Win Best Managed Account and Best AI Company of 2019 at the 22nd China International Investments and Finance Expo
- Win World Forex Award for Best Trading Performance in 2019
- AtoZ Markets Annual Award Best Gold Trading Broker 2020
- Singapore Busines Award 2020
- Best Bullion Exchange 2020 ADVFN International Financial Awards
Previous Performance
WorldMarkets AI managed trading accounts is the top performer in the market. A highly skilled team of analysts and experienced trader along with advanced machine learning and Artificial Intelligence trading generates more than 20% average return monthly irrespective of market trends.
The Year to Date (YTD) compounded annualized return stand around 210%. The AI algorithm is designed in a way to find the best possible trades in every market condition. The signals generated by the AI algorithm further analyzed by the team of expert analysts before making a trader on behalf of investors. The expert team analyses the risk-reward ratio (R:R) for each trade to maximize the profits and minimize the risk.
The MQL copy trading platform allows users to access their accounts 24/7. Users can track the performance of the traders, recent profit/loss trades, implemented trading strategies, make deposits or withdrawals, etc.
While the AI managed trading accounts are best for those who don’t want to spend a lot of time on charts and trading and want better rewards on their investments. Users can trade by themselves using MetaTrader 4 and MetaTrader 5 trading platforms to connect their WorldMarkets account.
Partnerships
WorldMarkets has a long list of partners supporting and providing services in every aspect. Starting with their Bullion trading business, the platform has reputated partners and suppliers in the form of Gold Republic, GoldCore, LegacyGold, and The Royal Mint from where the precious metals Gold, Silver, or Platinum is purchased and delivered to spot buyers.
The partnerships with BullionbyPost allows WorldMarkets investors to access the precious metals markets like Platinum, Palladium, Copper, Rhodium, etc. Another partner BullionVault, a secure storage facility for precious metals allows users to trade digital Gold on WorldMarkets backed by physical Gold.
Users can trade on their own without adopting WorldMarekts AI managed trading accounts, the self-trading accounts are provided in association with HYCM. HYCM is one of the oldest trading platform providing its services since 1977, licensed and regulated by FCA, CySEC, and CIMA. By connecting with HYCM accounts using Meta Trader 4 or Meta Trader 5 users can trade more than 40 Forex pairs, Commodities, Stocks, etc. starting with a deposit of only $50.
WorldMarkets has a partnership with the leading derivative cryptocurrency exchange BitMex to provide cryptocurrencies trading to its investors. Users can trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash (BCH), and many more cryptocurrencies with leverage.
Account Types
WorldMarkets offers different types of trading accounts optimized according to every trader’s needs. The broker provides mainly two types of AI managed accounts — Standard account and Gold Premier Account. The minimum deposit for a standard account is $2500 and for a Gold Premier account, the minimum deposit amount is $25000.
WorldMarkets has a transparent fee structure, the broker has no upfront fees, no rebate, or markups on the spreads, the platform takes fee only on net profit not on losing trades. WorldMarekts takes a 20% performance fee and 1% annual management fee for standard accounts whereas the fee reduced to 10% performance fee and 1% annual management fee for Gold Premier accounts. The overall fee structure of WorldMarkets for managed accounts is much lesser than the industry standards, the average performance fee for other platforms is 30%.
Traders who want to choose the self-trading accounts can choose any of the four HYCM provided accounts. Basic Mini Account starts with a minimum deposit of $50, recommended for novice traders. Standard Account starts at a minimum of $750, Premium Account at an initial deposit of $2500 and the top of the line HY Pro Trader Account at a minimum deposit of $5000
Security
Security is a major concern for all investors. When it comes to the safety and security of funds, the funds are always in control of investors. The platform offers safe trading practices and best in class security software to handle any attack. The use of 2FA (2-Factor Authentication) and military-grade encryption methods ensures that all user’s funds and sensitive data are safe from any type of hacking attack. The broker uses Tier-1 custodians and banks to store users’ funds that make WorldMarkets safe haven for investors.
Customer Support
WorldMarkets is a worldwide platform and has customer support offices in many countries. Users can contact customer care by a direct phone call to their country office. The broker provides direct phone call contact of 43 countries on their website. Users can also contact the support via email to tradingdesk@worldmarkets.com or fill the contact us form available on the website. WorldMarekts stated that all the email queries are replied within 1-2 hours. The contact desks will be open from Sunday 21:00 GMT till Friday 21:00 GMT, whereas the cryptocurrency trading related support is working 24/7.
Final Thoughts
WorldMarkets is probably the only platform that provides almost all services including Bullion trading, Digital Gold, Forex, Commodities, Indices, Stocks, and cryptocurrency trading from reputed partners. The platform has something for every trader irrespective of their trading style. The minimum investment to open an account is also not too high, anyone can open an account and start investing in their favorite product.
All the partners are regulated and licensed by trusted third parties that give WorldMarkets an advantage over its competitors. Users can also check the education section of WorldMarkets to understand more about the markets. The final call is it’s worth to give it a try.
