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World Forex3 min read
Broker Review
The World Forex brand was founded in 2007 and initially specialized primarily in the provision of services in the foreign exchange market. And since 2013, trading in electronic contracts has become available to broker's customers. Clients can count on a wide range of services. To date, the number of accounts opened in the company already exceeds 250 thousand.
Platforms
71
Usability
63
Assets
80
Users rating25 Votes
54
Pros Broker
Convenient trading conditions
Fixed spreads
Fast withdrawals
Copying of transactions
Cons Broker
Small selection of assets to trade
Inability to trade news
Periodic malfunctions
No scalping allowed
69
Overall Broker Rating
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Review of the company

World Forex (WForex) is a kind of pass to the world of the international Forex currency market for traders living in many countries of the world. As customers write in the reviews, it is characterized by many advantages and advantages. In case of problems and all kinds of misunderstandings, the nuances of relationships with customers are clearly regulated and spelled out in the Public Offer Agreement. The place of registration of the WForex broker is the territory of the British Virgin Islands. Registration took place in full accordance with the Law on Commercial Companies of the BVI (Law on Commercial Companies) under the number 1420912.

The training from the WForex broker, repeatedly mentioned in user reviews, is worthy of the highest praise. It is available to all traders without exception and does not include attachments. The materials for training provided to the participants in the form of lectures are exclusively author’s.

Trading conditions

Platforms available to users of World Forex include MetaTrader 4, WebTrader, and the Linux compatible World Forex Trade Station terminal. Forex trading programs are divided into a cent and standard account, based on the Instant Execution model of execution, and an ECN account offering to work on the basis of Market Execution. The company receives a fee for its services in the form of fixed spreads (from 0.2 pips for ECN and from pips for other accounts).

The following benefits are mentioned on the WForex website:

  • Low starting deposit (from $1);
  • Support for 52 currency pairs, precious metals and options trading;
  • Leverage up to 1:500;
  • Execution of orders: instant, market;
  • Five digit quotes.

The brokerage company WForex could not stay away from the features and requirements of the market, and also ignore the wishes of its users. Therefore, the process of trading binary options has become quite natural. This gave the broker greater solidity and weight in the eyes of the public. For the operation of binary options in WForex, the MT4 platform (MetaTrader 4) was used. The W-Option account is designed specifically for working with binary options. As customers write in their reviews, when buying a financial contract, many nuances are important, first of all, the price of the underlying asset: will it be higher or, conversely, lower in relation to the one that is currently installed at the time of expiration.

We studied World Forex reviews of traders and we can say that in most cases, users trust the WForex platform. The positive aspects are usually the quality work of the support service managers, instant order processing, quick withdrawal of funds, work in the MT4 terminal, various bonuses, contests. Customers trust an honest and understandable brand.

Signal service

World Forex provides traders with the “Trading Signals” service, which allows them to earn money in the financial markets by automatically copying trades of successful traders to their trading account. Just select from the list of the trader that will meet your requirements and subscribe to signals.

Deposit and withdrawal of funds

You can fund your account in several ways – credit or debit cards, bank transfer, PayPal, YandexMoney, Webmoney. The withdrawal is carried out to the account from which there was a replenishment. Withdrawal time from 3 to 5 business days. In addition, a withdrawal fee is charged.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.