WORLD QUEST

WorldQuest FX is a retail forex and CFD broker that commenced operations in October 2024, according to its registration records. Despite the recent founding, the broker's website claims over ten years of market experience, a discrepancy that potential traders should note. The broker is officially registered in Australia and operates under the brand name WORLD QUEST.

The broker’s physical addresses are listed in Kyiv, Ukraine (Naberezhnaya Street, Building 23A, Office 328, 02000) and Wroclaw, Poland (2A/5, Sadowa Street, 50-046). This geographic spread, combined with its Australian registration, suggests a multi-jurisdictional presence. WorldQuest FX offers trading in forex, CFDs, commodities, metals, indices, and stocks.

According to known regulatory records, WorldQuest FX holds an Australian Securities and Investments Commission (ASIC) licence as an Appointed Representative (AR). The status is listed as 'Regulated', but the exact licence number is not provided in our records. This AR structure means the broker is authorised by an ASIC-licensed principal, which may provide a degree of oversight.

However, the broker’s operating addresses in Ukraine and Poland, rather than Australia, raise questions about the practical extent of ASIC’s supervision. Traders should verify the specific AR arrangement and the identity of the licensing principal. The regulatory framework is thus a mix of Australian authorisation and offshore operations.

WorldQuest FX offers a single account type under the name 'Plan'. According to the broker's website, there is no minimum deposit requirement, making it accessible to traders of all capital sizes. Maximum leverage varies by asset class: up to 1:500 for forex, 1:200 for metals, and 1:100 for commodities and indices.

The broker advertises spreads starting from 0 pips and commissions from $7 per lot. A step lot of 0.01 allows small trade sizes suitable for beginners or risk management. The margin call level is set at 100%, and the stop-out level at 50%, indicating a relatively aggressive risk management policy. Overnight swap rates are described as competitive.

Trading on WorldQuest FX is conducted exclusively via the MetaTrader 5 (MT5) platform. MT5 is widely recognised for its advanced charting, multiple timeframes, and algorithmic trading capabilities. The broker highlights features such as one-click trading, additional pending order types, and improved Expert Advisors.

MT5 also includes an economic calendar and additional technical analysis tools. The platform is available for desktop, web, and mobile devices, though specific system requirements are not detailed. No alternative platforms like cTrader or proprietary software are mentioned.

WorldQuest FX provides a range of tradable assets covering major asset classes. These include forex pairs, CFDs on indices, commodities (such as gold and oil), metals, and stock CFDs. The broker’s website lists Forex, Commodities, Indices, and Stocks CFD categories with high percentage ratings for trading activity.

Specific instruments or contract specifications are not fully disclosed on the visible pages. For instance, the number of forex pairs or individual stock CFDs is not listed. Traders would need to log in or contact support for detailed instrument lists and trading conditions.

The broker has published a Deposit & Withdrawal Policy, but specific payment methods are not advertised on the main website. The policy indicates that all deposits must come from a verified account in the client’s name, implying bank transfers or similar methods. No mention is made of popular e-wallets, credit cards, or cryptocurrencies.

The absence of clear funding information is a gap for traders evaluating ease of use. Withdrawal policies also lack detail on processing times and fees. Potential clients should seek clarification from the broker before opening an account.