Dove Options vs World Forex

Dove Options or World Forex – which is better for UK traders 2024? Compare Dove Options and World Forex in this detailed breakdown of their platforms, features and fees.

Dove Options vs World Forex Comparison Table 2024
Dove Options World Forex
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1.3
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4
Dove Options is ranked #11 among binary options brokers. World Forex is ranked #10 among binary options brokers.
Review
Review
Dove Options offers binary options and copy trading. World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Pros
  • A wide range of assets to trade, including via digital contracts
  • Several different account types with varied pricing structures
  • MT4, MT5 and a proprietary trading terminal
  • Swap-free account available
  • 10+ accepted payment methods
  • Low deposit of $1
  • Copy trading solution
  • Educational content
  • STP/ECN technology
  • Demo account
  • VPS hosting
Cons
  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, Stocks, Cryptos, Commodities Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
No Yes
Minimum Deposit
$500 $1
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
CySEC SVGFSA
Mobile Apps
No iOS, Android + Web Browser
Trading App

The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.
iOS App Rating
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1.3
Android App Rating
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1.3
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Yes
Copy Trading
Yes Yes
Copy Trading Platform
Dove Options offers copy trading on the broker's range of assets. Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution.
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
  • RUB
Commodities
  • Gold
  • Silver
  • Oil
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Oil
CFD
World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances.
Leverage
1:1000
FTSE Spread
NA
GBPUSD Spread<
NA
Oil Spread
NA
Stocks Spread
From 0.03
Forex
Take leveraged positions on popular currencies. World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types.
Assets
25+ 53
GBPUSD Spread
0.8 From 0.6
EURUSD Spread
0.8 From 0.6
EURGBP Spread
0.8 From 0.6
Cryptocurrency
Speculate on Bitcoin with low margin. Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available.
Spread
Fixed 0
Coins
  • BTC
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Dove Options offers multiple digital options products, including one touch and ladder assets. World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.
Payout
81% 100%
Expiration Times
1 minute - 7 days
Boundary Options
No No
Ladder Options
Yes No
Dove Options World Forex
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Review
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