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WorldFirst Review
WorldFirst is a UK regulated business payments company now owned by Ant Group. It moves money for online sellers and importers, not retail forex trades.
Min Deposit
N/A
Spreads From
Not published as a fixed spread; FX margins vary by currency and volume
Max Leverage
Not applicable, WorldFirst does not offer leveraged trading
Platforms
WorldFirst web platform, WorldFirst mobile app
Pros
- Regulated in the UK by the FCA as an electronic money institution
- Backed by Ant Group, a large, well capitalized technology company
- Supports payments and collections in 100 or more currencies
- Currently offers new UK business customers a real cashback deal
Cons
- Not a leveraged trading broker, so retail forex traders should look elsewhere
- Its US business was shut down as part of the 2019 Ant Group sale
- Ownership by a Chinese technology group may concern some customers
- Full FX margins and pricing are not published upfront on the main site
WorldFirst is a UK company that helps businesses send and receive money in more than 100 currencies. It was founded in 2004 and built its name helping online sellers on Amazon, Shopify, and similar marketplaces collect payments and pay suppliers abroad.
In February 2019, Chinese technology group Ant Financial, now called Ant Group, bought WorldFirst for about 700 million dollars. To get the deal approved by US regulators, WorldFirst closed its United States business before the sale completed. WorldFirst kept its own brand and today appears alongside Alipay Plus and Antom as one of the international payment brands under Ant International.
World First UK Limited, company number 05022388, is authorised by the FCA as an electronic money institution, not as a leveraged trading broker. It says it serves more than 1.5 million businesses across over 210 countries and regions, and currently offers new UK business customers cashback for opening a free account.
Max Leverage
Not applicable, WorldFirst does not offer leveraged trading
Spreads From
Not published as a fixed spread; FX margins vary by currency and volume
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
