World Forex Overview
| Website | wforex.com |
| Year Founded | 2007 |
| Countries of Registration | Saint Vincent and the Grenadines, Vanuatu |
| Website Languages | English, Russian, Thai, Arabic, Kazakh |
| Regulators | SVGFSA, VFSC |
| Broker Type | MM, STP |
| Dealing | A-book, B-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, RUB, UAH |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Metals, Energies, Stock CFDs, Indices, Cryptocurrencies, Digital Contracts |
In the heart of the global financial landscape, World Forex emerged as a beacon for traders seeking both accessibility and variety. Founded with a vision to democratize trading, this broker has cultivated an environment where both novice and experienced traders can flourish. With platforms like MetaTrader 4 and 5, along with a user-friendly WebTrader, World Forex provides tools that cater to diverse trading styles, whether one is venturing into forex, metals, or cryptocurrencies. Over the years, World Forex has built a reputation for low entry barriers and flexible account types, appealing to those just starting their trading journey as well as seasoned professionals looking to optimize their strategies. The broker's commitment to high leverage options and a range of deposit methods underscores its dedication to making trading accessible. As traders navigate the complexities of the market, World Forex stands by their side, offering support through features like copy trading and a responsive customer service experience.
Brief look at World Forex
World Forex (WForex) is a forex and CFD broker operating the World Forex brand since 2007. The broker offers MT4/MT5 and a WebTrader, plus a wide range of account types including Cent and PROFI with either floating or fixed spreads, a dedicated crypto account, and a separate ‘W-DIGITAL’ venue for American/European digital contracts. Minimum deposits start from $1 and maximum leverage on standard accounts can reach 1:1000 on a tiered basis. Corporate registration is in Saint Vincent and the Grenadines and Saint Lucia, and the broker is a member of The Financial Commission, providing access to its external dispute resolution and a compensation fund of up to €20,000 per complaint. World Forex additionally supports copy trading (WFCopy) and a broad set of deposit/withdrawal methods including bank cards, e-wallets, and crypto.
Pros
- Four main account types
- Very low entry requirements (from $1) and equity-tiered leverage up to 1:1000
- Copy trading via WFCopy; MT4/MT5 EAs supported; VPS option available
- Membership in The Financial Commission (compensation fund up to €20,000)
- Many funding options including cards, e-wallets and crypto
Cons
- No top-tier regulatory license
- Withdrawal commissions on several methods
- High swaps
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World Forex Reviews
I've been trading with World Forex for a few months now, and I must say, their MT5 platform is impressive. The spreads are competitive, and the minimum deposit is reasonable for new traders. The demo account helped me get comfortable before I signed up for a live account. Highly recommend!
9/15/2023World Forex offers a decent range of account types. I started with a basic account and later upgraded. The withdrawal time has been good, usually processed within a couple of days. I also appreciate the bonuses they offer. Just wish the app had more features.
10/1/2023While World Forex has a solid platform with both MT4 and MT5 available, I faced some issues with the login process initially. Their customer service was helpful, but it took a bit longer than expected. Overall, they have potential, but there's room for improvement.
8/20/2023The trading experience with World Forex has been quite good. I enjoy the leverage options they provide. The rebate system is also a nice touch for frequent traders. However, I did face a slight delay in my withdrawal, but nothing too concerning.
9/30/2023World Forex has exceeded my expectations. The demo account was a great way to practice trading without risk. The app is easy to download and use, and I'm impressed with the educational resources available. The sign-up process was smooth, and I'm loving my trading experience.
10/10/2023Leave a Review
Is World Forex regulated?
| Companies | Existrade LTD, Existrade Limited, World Forex Corp. |
| Countries | Saint Vincent and the Grenadines, Vanuatu |
| Regulators | SVGFSA, VFSC |
| Investor Protection | The Financial Commission Compensation Fund |
| Investor Protection Size | €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
World Forex Account Types
| Property | W-CENT | W-PROFI | W-PROFI-fix | W-CENT-fix | W-CRYPTO |
|---|---|---|---|---|---|
| Min Deposit | $1 | $1 | $1 | $1 | $1 |
| Lot Size | 0.1 | 0.01 | 0.01 | 0.1 | 0.01 |
| Spread Type | Floating | Floating | Fixed | Fixed | Floating |
| Execution | Market | Market | Market | Market | Market |
| Min Spread | 0.6 pips | 0.6 pips | 1.8 pips | 1.8 pips | 0.0 pips |
| Fee | No | No | No | No | 1% per 1 lot |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:25 |
| Stop Out | 5% | 5% | 5% | 5% | 20% |
| Margin Call | 20% | 20% | 20% | 20% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Binary Options
| Account | W-DIGITAL |
|---|---|
| Minimum Deposit | $1 |
| Option Types | American digital contracts; European digital contracts; 0–100 digital |
| Minimum Stake | $1 |
| Payout | from 40% to 100% |
| Expiration Time | from 60 seconds to 7 days |
World Forex Funding and Fees
| Base currencies | USD, EUR, RUB, UAH |
| Deposit and withdrawal methods | Visa/Mastercard, Apple Pay, Google Pay, Sberbank Online, Tinkoff, Alfa-Click, Promsvyazbank, Russkiy Standart, Payeer, Perfect Money, Volet, Bitcoin (BTC), Dash (DASH) |
| Inactivity fee | |
| Interest on margin | 8.5% |
| Withdrawal Fee | Varies by method |
World Forex Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
World Forex Trading Assets
| Currencies | 55 |
| Indices | 0 |
| Stocks | 46 |
| Cryptocurrencies | 17 |
| Bonds | 0 |
| Metals | 4 |
| Energies | 2 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| Welcome Bonus | 100%, up to $5000 | Learn More |
World Forex Support
| support@wforex.com | |
| Phone | +448704798221 |
| Telegram | Telegram |
| YouTube | YouTube |
World Forex Alternatives
| Broker | World Forex | RoboForex | AMarkets | Alpari | InstaForex | XM |
|---|---|---|---|---|---|---|
| Type | MM, STP | MM, STP, ECN | ECN, STP | ECN, MM | MM | MM |
| Minimum Deposit | $1 | $10 | $100 | $50 | $1 | $5 |
| Regulators | SVGFSA, VFSC | BFSC | FSC, MISA, SVGFSA | MISA, NBRB | BVIFSC, CySEC, SVGFSA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | low | low | low | average | high | low |
| Leverage | 1:1000 | 1:2000 | 1:3000 | 1:3000 | 1:1000 | 1:1000 |
| Assets | Currencies, Metals, Energies, Stock CFDs, Indices, Cryptocurrencies, Digital Contracts | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
Is World Forex Right for You?
World Forex stands out for its low entry requirements, allowing traders to start with as little as $1, and offers a diverse range of account types, including Cent and PROFI accounts. The broker supports popular trading platforms like MT4 and MT5, and provides access to a wide range of assets, from currencies to cryptocurrencies. Additionally, its membership in The Financial Commission enhances trader security with a compensation fund of up to €20,000 per complaint, alongside various funding methods including bank cards, e-wallets, and cryptocurrencies. However, potential clients should be aware of some drawbacks. World Forex does not possess a top-tier regulatory license, posing a risk for some traders. Furthermore, withdrawal fees may vary by method, and the broker has high swap rates, which could affect long-term trading profitability. These factors may deter those seeking a fully regulated and cost-effective trading environment. In conclusion, World Forex is well-suited for beginner traders looking for low deposit requirements and a variety of trading options, particularly those interested in leverage and copy trading. However, experienced traders or those prioritizing high regulatory standards and lower costs might want to consider other brokers. Overall, assess your trading needs and risk tolerance before deciding.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
