Company profile
White Forex Review Summary Founded2013 Registered Country/RegionSaint Lucia RegulationNo regulation Market InstrumentsForex, metals, cryptocurrencies, energies, stocks, indices Demo Account✅ LeverageUp to 1:2000 SpreadFrom 0.2 pips (Standard account) Trading PlatformMT5 Minimum Deposit$10 Customer SupportPhone: +44 7366 382168, +44 7366 382168 Email: document@whiteforex.com, support@whiteforex.com Facebook, Instagram, Twitter Company address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-/islet, Saint Lucia Regional Restrictionsthe United States, Cuba, Iraq, Myanmar, North Korea, Sudan White Forex, founded in 2013 and registered in Saint Lucia, is an unregulated brokerage. It offers various market instruments like forex, metals, and cryptocurrencies on the MT5 trading platform, with various account types and different leverage options. It supports multiple deposit and withdrawal methods such as Mastercard and bank transfer. However, it has regional restrictions and has no regulations.Pros and Cons Pros Cons Security measures offeredNo regulation Low spread setRegional restrictions No commission charged for funding MT5 platform providedIs White Forex Legit? White Forex claims it protects your trading accounts from unauthorized access by selecting a preferred security option. However, it is not regulated well by any institution.What Can I Trade on White Forex? White Forex offers over 1000 assets including forex, metals, cryptocurrencies, energies, stocks, and indices. Tradable Instruments Supported Forex✔ Metals✔ Indices✔ Stocks✔ Cryptocurrencies✔ Bonds❌ Options❌ ETFs❌ Mutual Funds❌Account Type White Forex offers the Standard, Low Spread, Zero, and Professional Accounts with the minimum deposit of $10, $500, $2,000, and $1,000 respectively. Account TypeMinimum Deposit Standard Account$10 Low Spread Account$500 Professional Account$1,000 Zero Account$2,000Leverage The leverage for Standard and Low Spread accounts is 1:2000, while the Zero account and the Professional account have a leverage of 1:1000. Account TypeLeverage Standard Account1:2000 Low Spread Account1:2000 Zero Account1:1000 Professional Account1:1000White Forex Fees The Standard and Low - Spread accounts both start at 0.2 pips spread and have no commission. Meanwhile, the Zero and Professional accounts offer spreads starting from 0 pips, but with commissions of $4.5 and $3.5 per lot respectively. Account TypeSpread Commission StandardFrom 0.2 pips❌ Low SpreadFrom 0.2 pips❌ ZeroFrom 0 pips$4.5 per lot ProfessionalFrom 0 pips$3.5 per lotTrading Platform White Forex supports MT5 trading platform. On the MT5 platform provided by White Forex, traders can access a wide range of financial instruments. In terms of analysis tools, the MT5 platform offers in - depth technical analysis capabilities. Trading PlatformSupported Available Devices Suitable for Web✔Web/ MT4❌/Beginners MT5✔Web/Phone/DesktopExperienced tradersDeposit and Withdrawal White Forex supports MasterCard, Perfect Money, and bank transfer to make a deposit or withdrawal. They accept USD and charge no commission. The processing is carried out in an instant.
Is White Forex safe or scam
rj8620
United Arab Emirates
"They are literally scammers. I’m facing issues with them. Anyone who becomes profitable on this platform cannot withdraw their funds. I currently have around $6000 in my wallet, and they won’t let me withdraw, claiming that I have high-frequency trades on my account. What’s the issue with high-frequency trades? Will they return my money? NEVER. This is how they scam people. I will raise my voice against them on every platform I can to prevent others from falling victim to them. One more thing: they don't care about your emails, support tickets, or live chat. It’s a humble request to everyone here: choose your broker wisely before depositing your hard-earned money."
Exposure
03-21