WESTERN Forex broker specializes in providing foreign exchange trading services, the company's official website https://xbqh.cfmmc.com/, the company's legitimate regulatory information ChinaCFFEXFutures License, to enhance the security of the company's address 陕西省西安市新城区东新街319号8幢10000室9层、10层.
WESTERN Forex Broker
Basic information
China
5-10 years Regulated in China Futures LicenseCompany profile
Western Futures Information
Western Futures, founded in 2013, is an old brokerage registered in China. The trading instruments it provides cover Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.
Pros and Cons
| Pros | Cons |
| Regulated | Limited Trading Platforms |
| Diverse Market Instruments | Bank Transfer Only |
| Multiple Account Types | Limited Communication Channels |
| Competitive spreads from 0.0 pips | |
| Low Minimum Deposit |
Is Western Futures Legit?
Western Futures is regulated by China Finanicial Futures Exchange(CFFXE).
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| China | CFFEX | Western Futures | No Sharing | 0160 | Regulated |
Which Futures Can I Trade on Western Futures?
Western Futures offers traders the opportunity to trade Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.
| Futures | Supported |
| Crude Oil | ✔ |
| TSR 20 | ✔ |
| LSFO(Low Sulfur Fuel Oil) | ✔ |
| Bonded Copper | ✔ |
| lron Ore | ✔ |
| Palm Olein | ✔ |
| PTA | ✔ |
| Sugar | ✔ |
| Gold | ❌ |
Account Types
Western Futures offers 3 different types of accounts to traders -Standard Account, Pro Account, and VIP Account.It also provides demo account.
| Account Type | Minimum Deposit | Leverage |
| Standard Account | $100 | 1:30 |
| Pro Account | $500 | 1:500 |
| VIP Account | $10,000 | Negotiable |
Western Futures Fees
3 accounts are different in spreads and commission. Different futures have different spreads. VIP Account's spread is the lowest, starting with 0.0pips, and charges no fee. Standard Account's spread and fees are the highest.
| Account Type | Account Inactivity Fee | Typical Spreads (Examples) |
| Standard Account | $10 per month after 6 months of inactivity | Crude Oil: 1.8 pips, TSR 20: 2.2 pips, LSFO: 2.0 pips |
| Pro Account | $20 per month after 6 months of inactivity | Crude Oil: 1.2 pips, TSR 20: 1.6 pips, LSFO: 1.5 pips |
| VIP Account | No | Crude Oil: 0.0 pips + $3/lot, TSR 20: 0.0 pips + $2/lot, LSFO: 0.0 pips + $3.5/lot |
Western Futures Platform
Western Futures's trading platform is MT-professional, Western Futures, Futures trading terminal, and so on, which supports traders on PC, Mobile.
Deposit and Withdrawal
WESTERN provides bank transfers to traders. Traders can deposit and withdraw funds using the following banks:
Industrial and Commercial Bank of China (ICBC)
Agricultural Bank of China (ABC)
Bank of China
China Construction Bank
Bank of Communications
China Merchants Bank
China Everbright Bank
Shanghai Pudong Development Bank
Industrial Bank
CITIC Bank
China Minsheng Bank
Rating Index
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Latest Reviews
随╰☆风
Peru
I have been trading with this company for 2 months and so far I am satisfied and will continue to trade. It is effectively regulated by CFFEX. Among many factors, what impresses me the most is its transaction speed, which can be said to be second to none.
Positive
2022-11-22
orenr
Belarus
My WESTERN experience was a mixed bag. While the ambiance and staff were pleasant, the limited menu and high prices didn't justify the average food quality. Service was a bit slow, and overall, it didn't live up to the hype for me.
Neutral
2023-12-19