WORLD QUEST
Pros and Cons
Pros
- Regulated by ASIC
- Diverse trading instruments: Forex, CFDs, Commodities, Metals, Indices, Stocks
- Trading platform: MetaTrader 5 with ultra-fast execution
- Low spreads starting from 0 pips
- Leverage up to 1:500 for Forex
Cons
- Unverified ASIC regulation claims
- Limited trading instruments (no cryptocurrencies, ETFs)
- High commission fees of $7 per lot
- Restricted access in major regions (US, Belgium)
- Lack of comprehensive educational resources
Basic Information
User Reviews
WORLD QUEST Overview
WORLD QUEST, established in 2019 and headquartered in Australia, operates under the regulation of the Australian Securities and Investments Commission (ASIC) with an Appointed Representative License (No. 001313435). This regulatory oversight ensures a level of trust and compliance with industry standards, offering traders a sense of security when engaging in forex trading. With a commitment to transparency, WORLD QUEST provides information on its services and regulatory status for potential clients to review and verify.
Is WORLD QUEST Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Appointed Representative (AR) License, Investor Compensation Scheme |
Is WORLD QUEST Regulated and How Are Client Funds Protected?
WORLD QUEST is regulated by the Australian Securities and Investments Commission (ASIC) under the Appointed Representative (AR) License number 001313435. This regulatory status indicates that the broker adheres to strict compliance standards enforced by ASIC, which is known for its rigorous oversight in the financial services sector. In terms of client fund protection, investors may benefit from the Australian Investor Compensation Scheme, which provides a safety net in the event of broker insolvency, ensuring that clients’ funds are treated with a high level of security. Additionally, the broker is required to maintain segregated accounts for client funds, further enhancing the safety of investors’ capital. Overall, WORLD QUEST demonstrates a commitment to regulatory compliance and investor protection, making it a legit and safe choice for traders.
Trading Products and Services
What Trading Instruments Does WORLD QUEST Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | N/A | N/A |
WORLD QUEST offers a diverse array of trading instruments that cater to various trader profiles, including beginners, professionals, and long-term investors. With a robust selection of Forex pairs, commodities, indices, and stocks, traders can effectively implement diverse strategies and enhance their portfolio diversification. The inclusion of major Forex pairs and popular commodity options allows users to engage with global markets confidently and flexibly. This variety ensures that traders can adapt their strategies according to market dynamics, making WORLD QUEST a suitable platform for both technical analysis and fundamental trading approaches.
Account Types and Trading Conditions
What Account Types and Fees Does WORLD QUEST Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low spreads, user-friendly platform | Ideal for small-capital practice |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients and businesses | Custom services, enhanced trading conditions | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Complies with Sharia law, no overnight interest | Available upon request, requires verification |
| Demo Account | All types of traders for practice | Risk-free environment, full access to platform features | Perfect for testing strategies before live trading |
Account Opening Process
To open an account with WORLD QUEST, traders need to follow a straightforward process. First, they must submit personal information, including name, contact details, and employment information. Next, financial details are required to assess suitability. To complete the registration, identity verification is necessary, which includes providing a valid ID and proof of address. Additionally, WORLD QUEST offers account flexibility, allowing users to upgrade to a professional account once they meet the required trading volume and experience criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for minor pairs |
| CFDs (Stocks) | 0.2% | $7 per lot | Standard commission applies |
| CFDs (Indices) | 0.1% | $7 per lot | Variety of indices available |
| CFDs (Commodities) | 0.3% | $7 per lot | Includes metals and energy products |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable based on market conditions |
Other Fees
In addition to trading fees, WORLD QUEST has other costs to consider. There are no deposit or withdrawal fees, making it cost-effective for traders. However, an inactivity fee may apply if an account remains dormant for a specified period. Platform usage fees are not applicable, and overnight interest, also known as swap rates, may be charged on positions held overnight. It is important to note that currency conversion fees may apply for deposits in a different currency than the trading account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does WORLD QUEST Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, technical indicators | Demo accounts, VPS |
| Web Version | Any device with a web browser | Login security, symbol lookup, price alerts | None |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | None |
WORLD QUEST offers a variety of trading platforms tailored to different trader needs. The MT4/MT5 platforms cater to advanced traders with robust features and tools, while the web version provides accessibility across devices. The mobile app enhances convenience, allowing traders to manage their accounts on-the-go. All platforms emphasize security through features like two-factor authentication and encryption, ensuring a safe trading environment. With real-time alerts and efficient search tools, WORLD QUEST supports effective trading strategies across all devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-3 days | No platform fee, 0.5% third-party fee | Min 100, Max 50k/day | EUR, USD |
| GrabPay | Instant | 1.5% charge | Min 20, Max 5k/day | MYR, SGD |
| SPEI | Instant | No platform fee | Min 200, Max 30k/day | MXN, USD |
| Bank Wire Transfer | 3-5 days | Flat fee of $30 | Min 500, Max 100k/day | USD, EUR, GBP |
| Alipay | Instant | No platform fee, 1% third-party fee | Min 50, Max 10k/day | CNY, HKD |
Minimum Deposit
WORLD QUEST requires a minimum deposit of $100 for standard accounts. This amount may vary depending on the payment method chosen; for example, deposits made via GrabPay have a lower minimum requirement of $20. Additionally, specific account types may have higher minimum deposit thresholds.
How to Withdraw
To withdraw funds from your WORLD QUEST account, follow these steps:
- Log in to your WORLD QUEST account.
- Navigate to the ‘Withdrawal’ section under the ‘Funds’ menu.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and submit.
- Check your email for confirmation and track your withdrawal status.
Customer Support
WORLD QUEST Customer Support Overview
Support Channels
WORLD QUEST offers a variety of support channels to ensure customers have access to the help they need. You can reach out to their support team via:
- Email: Contact support at support@worldquestfx.com for any inquiries or issues.
- Live Chat: Available on their website for immediate assistance.
- Telephone: For direct support, call +48 574758439.
- Social Media: Engage with WORLD QUEST on their social media platforms for updates and support.
Service Availability
Support is available 24/5, making it convenient for customers to seek assistance during trading hours. WORLD QUEST provides multilingual support, catering to diverse client needs. Supported languages include English and Polish.
Additional Resources
In addition to direct support, WORLD QUEST offers valuable resources such as video tutorials and webinars to enhance your trading skills. They also provide market analysis and trading signals to help traders make informed decisions.
Frequently Asked Questions
Yes, WORLD QUEST is regulated by the Australian Securities and Investments Commission (ASIC) under the Appointed Representative (AR) license number 001313435. This ensures that the broker adheres to strict compliance and operational standards to protect clients.
WORLD QUEST offers competitive trading conditions, including leverage up to 1:500 for Forex, spreads starting from 0 pips, and a commission of $7 per lot. The trading platform available is MetaTrader 5 (MT5), providing users with a fast and efficient trading experience.
WORLD QUEST prioritizes fund security by maintaining client funds in segregated accounts at reputable banks. Additionally, the broker complies with regulatory requirements set by ASIC, which includes regular audits and adherence to financial standards to safeguard client assets.
WORLD QUEST offers robust customer support via email at support@worldquestfx.com and phone at +48 574758439. The support team is responsive and available to assist clients with inquiries or issues related to their trading experience.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.