Score
WorldQuest FX
1-2 yearsRegulated in Australia
Appointed Representative(AR)
MT5 Full License
Influence
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Comparison
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Exposure
Score
Regulatory Index3.51
Business Index5.03
Risk Management Index9.21
Software Index8.49
License Index5.60
Licenses
Single Core
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40G
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| WorldQuest FX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Australia |
| Regulation | Regulated by ASIC |
| Market Instruments | Forex, CFDs, Commodities, Metals, Indices, Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | MT5 |
| Minimum Deposit | / |
| Customer Support | Contact form |
| Phone: +48 574758439 | |
| Email: support@worldquestfx.com | |
| 2A/5, Sadowa Street, 50-046, Wroclaw, Poland | |
| Regional Restrictions | The United States, Belgium, North Korea, Iran |
WorldQuest FX, founded in 2019 and registered in Australia, is regulated by ASIC. It offers a diverse range of market instruments through the MT5 trading platform via web, desktop, or mobile devices. While it has advantages like low spreads from 0 pips, it also has some drawbacks, including commissions and regional restrictions in countries like the US and Belgium.
Pros and Cons
| Pros | Cons |
| Regulated by ASIC | Commissions charged |
| MT5 supported | Regional restrictions |
| A lot of trading assets | |
| Low spread set |
Is WorldQuest FX Legit?
WorldQuest FX is regulated by the Australian Securities and Investments Commission (ASIC). It holds Appointed Representative(AR) License with No. 001313435.
| Australian Securities and Investments Commission (ASIC) | |
| Regulatory Status | Regulated |
| Regulated by | Australia |
| Licensed Institution | WORLD QUEST PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001313435 |
What Can I Trade on WorldQuest FX?
WorldQuest FX offers trading in forex, indices, stocks CFD, commodities, and CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account
To open an account of WorldQuest FX, the procedures are simple. You can click “register” and fill in your information including name, mobile number and so on.
Leverage
WorldQuest FX provides traders with different leverage ratios for various financial instruments.
For Forex, it offers a leverage of 1:500. Meanwhile, for metals, commodities, and indices, it offers leverages of 1:200, 1:100, and 1:100 respectively.
| Financial Instrument | Maximum Leverage |
| Forex | 1:500 |
| Metal | 1:200 |
| Commodities | 1:100 |
| Indices | 1:100 |
WorldQuest FX Fees
WorldQuest FX offers spread from 0 pips and commission of $7/Lot.
Trading Platform
WorldQuest FX offers MT5 trading platform. With ultra - fast trade execution and the ability to trade via smartphone or tablet, MT5 provides high - speed and convenient trading experiences.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Web/Desktop/Phone | Experienced traders |
Deposit and Withdrawal
WorldQuest FX offers VISA, tether, BPay, FASAPAYS, MasterCard, Perfect Money, and Bank Wire to make a deposit or withdrawal. It does not charge fees for deposits and withdrawals. However, tt is noted that if you order a withdrawal without having made a total of 5 transactions since your previous deposit, or if the withdrawal is of a value under $50.
