Broker Summary
Summary of the broker
WorldFirst is a UK-based financial services provider that was established in 2004. In 2019, it was purchased by Ant Group, a subsidiary of Alibaba Group. WorldFirst seeks to provide competitive international payments and foreign exchange services primarily for small and medium-sized enterprises (SMEs) and individuals.
Key Summary Points:
Core Business: The Company offers currency exchange, international money transfers, and multi-currency accounts, with its primary focus on providing cost-effective solutions for smaller amounts (starting around £5,000).
Key Differentiators: The Company has established a competitive pace in pricing (through high-volume trading), customer service, and a strong, easy-to-use online platform that will handle nearly all transactions.
Recent Changes: In 2023, the business underwent significant restructuring to absorb its Asian operations directly under Ant Group and regulatory supervision, while exiting its previous UK operation structure.
Market Position: WorldFirst is a significant player in the fintech space and differs from competitors because of technology, and because of the large global network of Ant Group.
Regulatory Licenses
Compliance & oversight
FCATier 1Regulated
ASICTier 1Regulated
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
Bank Transfer (Domestic and International)
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with WorldFirst: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark WorldFirst at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
Corporate Network
Enterprise structure & relationships
WORLD FIRST PTY LTD
Registration
132 368 971
Established
2008-07-23
WORLD FIRST UK LIMITED
Registration
05022388
Established
2004-01-21
Comments
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