| Forex broker | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St.Vincent and the Grenadines |
| Company owner | Existrade Limited |
| Types of support | [email protected][email protected][email protected]ChatFeedback form on the siteTelegramCallback from the websiteInstagramTelegramVkontakteFacebookClassmates |
| Phone Support | |
| Languages | Russian, English, Ukrainian, Thai, Armenian |
| Terminals | MetaTrader 4, WebTrader, FX Lite, MetaTrader 5 |
| Min. first deposit | From 1 USD |
| Min. rate | From 1 USD |
| Brokerage commission | Yes |
| Bonuses | Until 25 % Cashback up to 25$ for 1 lot of trading operations 100 % Deposit Bonus Until 25 USD Loyalty program cashback |
| Leverage | Until 1:1000Depends on the account |
| Spreads | From 0 pips, fixed from 1.8 pips |
| Free demo account | |
| Adjustable | Yes |
| Regulators | Finacom VFSC№ 300236 FSC№ 1420912 |
| Licenses | Licensed License issued by the international financial regulator VFSC (Vanuatu Financial Services Commission), registration number300236 (Active) |
| Types of accounts | Demo, W-CENT, W-PROFI, W-INSTANT, W-ECN, W-CRYPTO, W-DIGITAL |
| Transaction volume | 0.01 lot |
| Peculiarities of trade | Automated Trading |
| Order execution | Instant Execution (precise execution), Market Execution (at market price) |
| Methods of replenishment | Advcash, Moneta.ru, Perfect Money, Apple Pay, Samsung Pay, Qiwi, Webmoney, Payeer, Cryptocurrencies, WireTransfer, AlfaBank, PrivatBank, Promsvyazbank, Tinkoff, Russian Standard, Bank card (Visa/MC), Yumoney |
| Withdrawal methods | Advcash, Moneta.ru, Perfect Money, Qiwi, Webmoney, Cryptocurrencies, WireTransfer, AlfaBank, PrivatBank, Promsvyazbank, Tinkoff, Russian Standard, Bank card (Visa/MC), Yumoney |
| Number of assets | 100+ |
| Types of assets | Currency pairs Precious metals Cryptocurrency Stocks Oil CFD Digital contracts |
| Account Currencies | RUB, EUR, USD, UAH |
| Mobile apps | |
| Weekend trading | Cryptocurrency trading |
| Tournaments/competitions | Yes |
| Trader training | Trader's Guide, educational literature |
| Contract Difference Commission | Yes |
| Swaps | Yes |
| PAMM trading | No |
| Analytics | News, online quotes, market overview, calculator, etc. |
| Margin trading | Yes |
| Affiliate Program | Registration3-Level Affiliate Program |
| Advantages | Reliability and safety Quality technical support Fast order execution Fast withdrawal of earnings Bonuses and contests Affiliate Program Reliability of the terminal Weekend trading Cryptocurrency trading access |
| Company requisites | Legal name: Existrade Limited Company Legal address: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St.Vincent and the Grenadines |
| Date of update | April 16, 2024 |
| Overall assessment | 8.7/10 |
World Forex is this a scam? Review and Customers Reviews
World Forex is a well-established broker company with a solid reputation in both the Forex and binary markets, offering a wide range of services. Founded in 2007, WForex provides customers with quality service for binary trading and currency market earnings.
Initially based in the British Virgin Islands, the company’s main office relocated to Vanuatu after becoming a part of Existrade Limited in 2016. As a result, its business operations are regulated by the Vanuatu Financial Services Commission.
Terms of Trade with World Forex
WForex is a major international company with a long track record that offers users many options for gaining profit: trading binaries, cryptocurrencies in the Forex market, etc. As a mature broker with a large set of tools, the platform has training materials, analytics along with a free demo account to take initial steps as a trader.
The main direction of the broker is trading binary options. World Forex provides traders with convenient and powerful tools for profit. The WForex broker offers the following trading conditions:
- Minimum transaction amount: $1, €1, 10 rubles;
- Options types: European, American;
- Expiration: 7 days maximum, 1 minute minimum;
- Platform: MT4, WebTrader.
To conclude a deal on the World Forex, you need to complete just three simple steps:
- select the required amount,
- determine the time of expiry,
- specify direction.
The educational section on Wforex is composed of a series of articles describing the basic principles of trading. This section is useful for beginners who are more interested in these topics. The broker offers specially designed materials, discussing the foreign exchange market, trading binary options, and the basic techniques for working with them. Great attention is paid to the rules of trading. Detailed articles that describe how to properly execute transactions are conveniently available for everyone’s daily reading.
With the depositing of money in your trading account, you will have a special bonus, in the form of additional funds, credited to your trading account. This offers a good chance to increase your income. The bonus amount can be more than $100 and is determined individually for each client.
WForex Platform
World Forex provides binaries for trading within the popular MetaTrader 4 terminal, favored by many users for its familiarity and extensive range of tools. Within this platform, users have access to an impressive array of indicators, widgets, complete trading systems, a wide range of assets, expiration settings, news and analytics, signals, and robots.
MetaTrader 4 is a solution with advanced trading techniques implemented, the program allows testing of any strategies (from scalping to long-term trading) and above all others is interesting for professional players.
The platform tools are:
- 2 performance modes,
- 2 market orders,
- 4 pending orders,
- 2 stop-orders and trailing stops,
- 9 time frames,
- Over 20 analytic objects,
- Over 30 technical indicators etc.
You are invited to set the plug-in FX LITE for options investments, which requires the .NET 4.5 program (provided with the plug-in). There is «single-click-ease» trading available in the terminal, all orders are processed rapidly. The insight into its capacities happens quickly, especially for novices of the options, thanks to the intuitive interface and clear settings. Simply set up the program and start trading. The software is compatible with popular operating systems such as Windows, Linux, and MAC.
Additionally, you can utilize the WebTrader platform on the broker’s website, which offers all the necessary services for effective trading. Its options are comparable to MetaTrader 4, ensuring a seamless trading experience.
World FOREX Quotations
Wforex broker is a major international company cooperating just with proven agencies, including reliable liquidity providers. The quotations are provided by popular companies, characterized by accuracy, and relevance in market operations. The broker makes every effort for gainful trading on the platform, including the instant processing of orders.
WForex Demo Account
The broker offers the chance to get to know the platform on a training account. This solution is appreciated by traders and lets them avoid risks of money loss caused by ignorance of terminal operation aspects. The free demo account of WForex will help you not only in studying the broker’s platform but also in testing here the strategies, and indicators, try first trading in the market with the virtual capital. And you can start real trading with confidence, moreover with the broker you trust, as you learned by experience, that it is a fair and reliable company.
World FOREX Mobile Application
The company follows contemporary trading trends. The user can set the free application FX Lite BO (iPhone, iPad, Android) on a tablet or mobile device. The program lets the customer get access to the market wherever. The application has all useful functions and options for work: trade, analysis, deposit, and withdrawal.
World FOREX Bonuses
World FOREX works out specific loyalty programs and gainful offers to encourage its customers. For instance, the bonus is +100% for every deposit made into the system. Also, a free VPS server is provided on a deposit of over 100 USD.
Another profitable offer is payment systems commission canceling in case of cash-in by the broker. This timeless campaign allows you to save your funds due to reimbursement of all commissions of the payment systems by the company. This money is fully available for withdrawal or trading in the terminal. Here also many contests take place offering impressive monetary prizes.
Deposit and Withdrawal
Wforex, like many serious binary options brokers, offers its clients many options for depositing and withdrawing funds. Among them are:
- Bank transfers, bank cards (VISA, MasterCard),
- Internet banking (Sberbank Online, Privat24, Sberbank Online Wire, Alfa-bank, etc.),
- E-payments (WebMoney, Yandex Money, Single Wallet, OKpay, Qiwi, Bitcoin, Perfect Money, etc.).
Complaints about World Forex
We studied traders’ feedback across the Internet about the broker, we can point out that in most cases users, users trust the platform. Positive aspects typically highlighted include the quality performance of support service managers, instant order processing, rapid withdrawal, compatibility with the MT4 terminal, various bonuses, and contests. Customers trust the brand for its fairness and transparency.
However, there are also negative comments about the platform online, often related to account blocking, cancellation of profitable trades, perceived incompetence of support service managers, and withdrawal issues, particularly concerning the need to meet bonus requirements.
World Forex Broker Regulator
The company is licensed under number 300236 and regulated by the Commission for Supervision of Financial Services Markets of Vanuatu. The VFSC organization provides full control over the activities of market participants and ensures compliance with all international standards in the provision of brokerage services of licensed companies. The regulator ensures the integrity and transparency of licensees and confirms that only companies with a high degree of reliability have the right to obtain a license to perform financial activities in the registrar’s jurisdiction.
World FOREX User Agreement
The “User Agreement” between the broker and the customer is a crucial document that provides insight into the platform’s capabilities, as well as the obligations and responsibilities of both the company and the customer. It outlines the risks involved, the procedure for dispute resolution, and other important information that traders need to understand to navigate various situations, such as failures or force majeure events. Additionally, certain paragraphs of the agreement may have implications that are not necessarily in the trader’s favor, making it important to be aware of all terms and conditions outlined in the document.
For instance, the company is not responsible for her obligations before the customer to have not been carried out because of the lame connection or failures of the software used here, due to which the terminal displays inaccurate data:
The trader needs to keep in mind another clause of the document mentioning that the broker may cancel transactions of the customer or close his account if he takes advantage of the «situation» (these are trading conditions, equipment, and programs operation) and tries to absorb interest manipulating the information above. That means for example, that the market conditions, which are gainful for the trader and can bring him profit, may be considered by the company against the above background, and the earnings will be canceled:
The broker has every right to require the customer to stop using a trading adviser on the platform, if «the amount of requests to the server exceeds the reasonable limits» and it results in a high load on it:
In case of terminal failures or any other issues with the program the company may not process orders of the customers, or revise the opening or closing prices, which may be not gainful for the trader either, as it decreases the chance that the transaction will happen and be effective at all:
Is World Forex a Scam?
There is plenty of information about Wforex online, including user reviews. In the case of Wforex, such information is easy to find, as the company has been around for more than 10 years and its services are being used by a lot of people. Upon researching the forums and various sites’ reviews, it’s evident that positive client responses about this broker are prominent. After analyzing the main sources and forums, we found no serious negative remarks about Wforex. Most messages either express desires for additional trading options or praise Wforex for its prompt service. Traders often highlight Wforex’s seamless withdrawal process for earnings, as evidenced by numerous reviews.
Generally, Wforex is not a scam as the company is quite well known in the market, and provides good service to its customers, along with bonuses, promotional campaigns, etc.
Summary
Broker Wforex offers excellent capabilities for comfortable and successful trading, providing a strong foundation for beginners with the necessary training information to learn principles and various trading strategies. With good technical infrastructure and a lack of negative client feedback, Wforex emerges as a top choice in the market. The company is regulated and officially registered, maintaining a transparent and honest approach to business, which has garnered positive feedback and reviews from its users.
Reviews
- In ascending order of rating
- In descending order of rating
- New ones first
- First the old ones
- Popular ones first
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Inaccurate feedback Rate your review 00Good bonuses for new traders, excellent support
Good bonuses for new traders, excellent support, courteous staff, fast withdrawal, what could be better?
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Inaccurate feedback Rate your review 00Great trader with great bonuses and a...
Great trader with great bonuses and a good reputation
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Feedback approved for publication Rate your review 00I agree with Eugene, the broker is...
I agree with Eugene, the broker is great. In my experience, the technical support responds instantly. I contacted them a couple of times and they always helped me with my questions. A few days after the last contact I received a personal letter (!) with the solution of my problem. I thought that they… Read more
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Feedback approved for publication Rate your review 00Great broker. I can't say anything bad!!!
Great broker. I can’t say anything bad!!! Online support is always in touch! I recommend this trusted broker to everyone! In addition, the registration form is much easier than with some other brokers!
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Feedback approved for publication Rate your review 000A complete scam! I participated in their...
A complete scam! I participated in their contest for two months, winning first place with $100. The first time rejected the prize because there was no deposit. The second time they gave me a voucher and took it away after a couple of hours. In support silence. And I was active for two months in their… Read more
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Feedback approved for publication Rate your review 000I haven't had any problems with their...
I haven’t had any problems with their accounts for 5 years, they withdraw without any problems or delays. The only thing is when I started earning a lot on binary options at night, they lowered the payout on options at night to 30%. But changing the trading conditions is their right.
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Inaccurate feedback Rate your review 000And who and what can tell us...
And who and what can tell us about taxation when working with this broker?
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Feedback approved for publication Rate your review 000I have been working with World Forex...
I have been working with World Forex for more than a year. A reliable and growing company. I have never had any problems with the company, and if I have, I have solved them with the technical support. They always answered quickly and with pleasure. There were no problems with finances. No annoying and… Read more
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Rate your review 000I participate in the Cash Wars win-win-win...
I participate in the Cash Wars win-win-win contest all the time.
At the end of the contest they announce the winners of more than 20 places.
And even those who could not win for a variety of reasons will receive $10
to the account as a consolation for further trading -
Rate your review 000I have been with the broker for...
I have been with the broker for 4 years and my impressions are only positive. I started with an introductory bonus and have a real account. I regularly participate in contests, where the conditions are very suitable for me
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Rate your review 000Special thanks for the contest!
Special thanks for the contest!
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Rate your review 000I had an experience with this broker
I had an experience with this broker, I can say nothing bad, everything was good, but now I have switched to another broker where I can invest. Here I kept a small $100 account for training.
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Rate your review 000
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Rate your review 000For example, I only trade on a...
For example, I only trade on a crypto account, forex is not particularly interesting to me in the form in which it has now become, and in terms of trading conditions with crypto is more interesting here than with all sorts of cross pairs, where spreads are not as attractive as on the majors.
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Rate your review 000The company has developed all the services
The company has developed all the services, there are all the most popular payment systems, a wide range of trading accounts, all wisely divided, the output is smoothly debugged, affiliate programs are very profitable
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Rate your review 000Meanwhile, the company received a license from...
Meanwhile, the company received a license from the Financial Commission, have become an even more serious broker
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Rate your review 000I have a great broker, my affiliate...
I have a great broker, my affiliate here goes better than you can think of, for a year I have been recruiting referrals and can already boast a stable income of 100$ a month, at first of course everything was boring, but then I connected paid advertising to instagram and blog, as things immediately went… Read more
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Rate your review 000One of the best crypto accounts here
One of the best crypto accounts here, soon there will be another one with more advanced, looking forward to the release they promise to launch already by the fall, the broker is very interesting and solvency is on high.
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Rate your review 000In fact, the broker is very good
In fact, the broker is very good, at the weekend withdrawal, for the entry of interest is not taken, on bank cards interest is adequate, there is something to trade, unlike some firms 40 trading tools for the entire account))))
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Rate your review 000I work with Wforex. I have not...
I work with Wforex. I have not had any problems at all. I have never had any problems at all. The difference from pops and promoted Boo brokers is drastic and for the better. I recommend them.
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Rate your review 000Who does not know yet and safe...
Who does not know yet and safe there is a service where they charge 9.9% per annum in foreign currency, for those who have long been in the company is very good
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Rate your review 000Reliable broker, have an account with them...
Reliable broker, have an account with them for a long time, for a few years while trading here there were a few minor glitches, but they are insignificant, in general the trading is smooth and the server works fine, so I can only advise the company
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Rate your review 000BATTLE FOR TREND is a super contest...
BATTLE FOR TREND is a super contest held on demo accounts, the prize fund 30k, I advise you to take part, it is not too late and the finals are two weeks.
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Rate your review 000All in all it is convenient and...
All in all it is convenient and the rates are adequate for transfers, the broker really copes with the withdrawal and deposit of money, I also have no problems with it
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Rate your review 000It does not matter who is from...
It does not matter who is from where, forex brokers work with the entire Commonwealth of Independent States, and there are no problems with it, I have so for 2 years with this broker, with payments are always all right, with the banks there are no obstacles
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Rate your review 000Bezdep is not enough, and so quite...
Bezdep is not enough, and so quite a decent company, popular in Ukraine
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Rate your review 000I think WForex is a very good...
I think WForex is a very good broker, it will be a year soon I am trading and working as an affiliate in this company. I think WForex is a very decent broker and I have been working as an affiliate broker for almost a year now.
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Rate your review 000I got registered and was pleasantly surprised
I got registered and was pleasantly surprised, there are 7 types of trading accounts including demo account, such a variety is basically rare, and market execution, and Instant, and cent accounts and USN accounts, separately crypto and stocks, generally cool.
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Rate your review 000I have all the luck here, the...
I have all the luck here, the broker does not let me down and there are no problems in trading and profit withdrawal, so you can work with them, I advise you!
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Rate your review 000For the second year I have been...
For the second year I have been using their services. The website has high quality support who can always explain or help. The company is constantly working to improve trading conditions, also provides a wide range of trading tools. They have regular contests for traders that give them the opportunity… Read more
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Rate your review 000I really liked this broker Expert option
I really liked this broker Expert option. In my opinion, out of all companies, this one at least does not lag behind, because the broker is very convenient, and most importantly – it brings normal money. In my opinion, the company is excellent.
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Rate your review 000I have only positive impressions from working...
I have only positive impressions from working with this company: low entry threshold to test my TS on the real account, fast and friendly support, no hangups and slippages, no phone managers, many ways of deposit/withdrawal without commission, additional features like safe deposit box and contests with… Read more
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Rate your review 000I like this broker. 1. The abundance...
I like this broker.
1. The abundance of payment systems.
2. Demo contests. It should be noted that there are not many of them. After all, it is clear that competitive trading has nothing to do with the real, so why throw money away.
There is no zombie-analysts. We need only news and technical analysis… Read more -
Rate your review 000I`ve known this company for more than...
I`ve known this company for more than 6 years. i have participated in contests and other promotions and i have simply traded with them. for this time i have never had any misunderstandings with this company. they always fulfill their obligations in full.
I don’t have any problem with them, during this… Read more -
Rate your review 000Good broker. I have been working with...
Good broker. I have been working with him for more than 3 years.
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Rate your review 000I did not like it at first
I did not like it at first, after I registered at World Forex, that they started calling me and giving me advice, motivating me to real trading. But after I explained that I was afraid to get in touch with them, because I did not understand anything in it, to which a girl consultant said that she would… Read more
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Rate your review 000Hello! I made a bid to buy...
Hello! I made a bid to buy audusd-bt at a price of 0.7238 volume 10.00 at 8:19:25, the price exactly one hour later at 9:19:25 was 0.7239 (I made a screenshot). But it closed at the price of 0.7238 for some reason. I’ve been working with you for a long time, I haven’t seen anything like that before… Read more
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Rate your review 000Andrew, the spread is fixed. Answered you...
Andrew, the spread is fixed. Answered you on another resource, where you copied your fake review.
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Rate your review 000Now there is an interesting thing: many...
Now there is an interesting thing: many offices pretend that they don’t understand Russian very well. This also applies to WordForex.
Regarding spreads they say: “spreads are fixed, but we can change them if the volatility is low. But in Russian
“fixed” means “unchangeable.” So if it’s written that it’s… Read more
World Forex reviews
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