WORLD QUEST
Basic Information
Pros and Cons
Pros
- Regulated by ASIC
- Supports MT5 trading platform
- Diverse range of trading instruments
- Low spreads starting from 0 pips
- Fast withdrawal processes
Cons
- Commissions may apply
- Regional restrictions for some countries
- Limited information on minimum deposit
Is WORLD QUEST Safe and Legit?
WORLD QUEST, established in 2019 and registered in Australia under the name World Quest LLC, is regulated by the Australian Securities and Investments Commission (ASIC) as an Appointed Representative. It offers a variety of trading instruments including Forex, CFDs, commodities, metals, indices, and stocks, with leverage up to 1:500 and spreads starting from 0 pips on the MT5 trading platform.
The broker operates legally under ASIC regulation, which provides a level of safety for investors. However, it is important to note that it also has regional restrictions affecting traders from the United States and several other countries, thereby limiting its global accessibility.
In the market, WORLD QUEST has garnered a positive reputation, with users frequently praising its efficient customer service and fast withdrawal processes. Community feedback highlights a generally transparent operating environment, although some users have raised concerns about commission fees. The overall trend indicates a high level of user satisfaction, particularly regarding the trading environment and support responsiveness.
Is WORLD QUEST a Regulated Broker?
What Are the Regulatory Licenses Held by WORLD QUEST?
WORLD QUEST is regulated by the Australian Securities and Investments Commission (ASIC) as an Appointed Representative. This regulation provides a level of safety for investors, ensuring that the broker operates within a legal framework. It is important to note that WORLD QUEST does not hold any offshore licenses, as it is fully regulated under ASIC, enhancing its credibility in the market.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
WORLD QUEST prioritizes the safety of client funds by holding them in independently regulated bank accounts, ensuring they are separate from the broker’s own assets. This segregation is in line with the regulations set forth by the Australian Securities and Investments Commission (ASIC), which enhances investor protection. Furthermore, WORLD QUEST does not participate in investor compensation funds or insurance schemes, relying instead on its regulatory framework to safeguard client assets.
WORLD QUEST Leverage
WORLD QUEST offers a maximum leverage of up to 1:500 for Forex, 1:200 for metals, and 1:100 for both commodities and indices. These leverage levels comply with the legal limits set by ASIC, ensuring that the broker adheres to local regulatory requirements. Clients are classified as retail or professional, which influences the leverage they can access.
WORLD QUEST Withdrawal Review
How to Contact WORLD QUEST?
Does WORLD QUEST Have Withdrawal Issues?
WORLD QUEST has received low volumes of complaints regarding withdrawal issues. Most user feedback is positive, emphasizing fast withdrawal processes and efficient customer service. Credible sources of complaints are limited, with no significant public complaints recorded that indicate repetitive issues. The broker handles complaints promptly, maintaining a generally transparent operating environment. Additionally, as of now, WORLD QUEST has not faced any regulatory penalties or warnings related to withdrawal or other operational aspects, reinforcing its reputation as a legit broker committed to client satisfaction.
Frequently Asked Questions
A1: Yes, WORLD QUEST is a legitimate broker regulated by the Australian Securities and Investments Commission (ASIC) as an Appointed Representative. This regulation provides a level of safety and credibility for investors, ensuring that the broker operates within a legal framework.
A2: WORLD QUEST prioritizes the safety of client funds by holding them in separately regulated bank accounts, ensuring they are distinct from the broker’s own assets. This segregation complies with ASIC regulations, thereby enhancing investor protection.
A3: WORLD QUEST has received low volumes of complaints regarding withdrawal issues, with most user feedback highlighting fast withdrawal processes and efficient customer service. The broker maintains a transparent operating environment and has not faced significant public complaints about withdrawals.
A4: You can contact WORLD QUEST via email at support@worldquestfx.com or by phone at +48 574758439. Additionally, their official website is https://worldquestfx.com/ where you can find more information.
A5: WORLD QUEST offers a diverse range of trading instruments including Forex, CFDs, commodities, metals, indices, and stocks. This variety allows traders to explore multiple markets and trading strategies.
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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.