English

World Forex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://wforex.com/user/register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont Kingstown St.Vincent and the Grenadines.

World Forex Forex Broker

Basic Information

Registered Region

Saint Vincent and the Grenadines

Operating Period

Company Name

Existrade LTD

Abbreviation

World Forex

Company employee

Customer Service Email Address

support@wforex.com

Contact Number

+788005557899

Company Website

https://wforex.com/

Company address

Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont Kingstown St.Vincent and the Grenadines

Facebook

https://www.facebook.com/worldforexeu

Keywords

5-10 years

Suspicious Regulatory License

MT4 Full License

White label MT5

Global Business

High potential risk

Company profile

World Forex Review SummaryFounded2007Registered CountrySaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, Commodities, Share CFDs Demo Account✅LeverageUp to 1:1000SpreadFixed from 1.8 pips (W-CENT-fix account)Trading PlatformMT4, MT5Minimum Deposit$1Customer SupportLive ChatRussia: 8 800 555-78-99 / +7 495 266 60 77UK: +44 204 577 1496Email: support@wforex.comWorld Forex Information World Forex was established in 2007 and is registered in Saint Vincent and the Grenadines. It is not regulated by any top-tier organization, but it does provide a wide range of trading services such as forex, commodites, and share CFDs. The platform supports both MT4 and MT5, with leverage up to 1:1000 and a low entrance barrier of only $1.Pros and ConsProsConsVery low minimum deposit ($1)No regulationLive chat supportWithdrawal fees chargedMT4 & MT5 supported across all devicesDemo accounts availableLong operational historyVarious account choicesDiverse payment optionsIs World Forex Legit? World Forex is not regulated by any recognized financial authority. While the company claims to have an international financial license, it is not overseen by prominent regulators like the FCA (UK), ASIC (Australia), CySEC (Cyprus), or FINMA (Switzerland). According to WHOIS records, the domain name vtindex.com was registered on June 12, 2004 and last updated on November 3, 2023. It is now operational and protected, with the following restrictions: client deletion, client renewal, client transfer, and client update are all forbidden.What Can I Trade on World Forex? 52 currency pairs, key commodities, and CFDs on U.S. stocks are just a few of the many tradable products that World currency offers. Additionally, it allows digital contracts that have features like turbo options and early closing.Instrument TypeSupportedForex ✔Commodities✔Share CFDs✔Indices❌Cryptos❌Bonds❌Options❌ETFs❌Account Type World Forex provides six types of actual trading accounts and fully functional demo accounts. Two of the accounts (W-CENT and W-PROFI) provide swap-free choices for traders who want to avoid overnight interest payments. All accounts feature MetaTrader 4/5, mobile/web trading, and require a minimum deposit of $1, with leverage up to 1:1000.Account TypeTrading PlatformAccepted CurrencySpreadLeverageSwap-FreeMinimum DepositCommissionTrading InstrumentsW-CENT-fixMT4/MT5USD/EUR centsFixed from 1.8 pips1:33 – 1:1000✔$10Forex, CFDs, metals, oilW-CENTFloating from 0.6 pips✔Forex, metals, oilW-PROFI-fixUSD/RUR/EURFixed from 1.8 pips✔Forex, CFDs, metals, oilW-PROFIFloating from 0.6 pips✔Forex, metals, oilW-CRYPTOUSD/RURFloating from 0 pip1:1 – 1:25❌0.50%Cryptos (17 assets)W-DIGITALMT4USD/RUR/EURFixed from 1.8 pips–❌40% early close feeDigital contracts (Forex, metals, oil)Leverage World Forex provides leverage of up to 1:1000, allowing traders to manage larger amounts with a little initial commitment. This can greatly increase prospective gains and losses.World Forex Fees Compared to industry standards, World Forex has usually modest fees. Most account types lack trading commissions, close spreads, and inactivity fees. For some accounts, swap-free choices take the place of conventional swap fees with fixed overnight costs. Spreads & CommissionsAccount TypeSpread TypeSpreadCommissionW-CENT-fixFixedFrom 1.8 pips0W-CENTFloatingFrom 0.6 pipsW-PROFI-fixFixedFrom 1.8 pipsW-PROFIFloatingFrom 0.6 pipsW-CRYPTOFloatingFrom 0.0 pips0.5% feeW-DIGITALFixed (Digital only)From 1.8 pips40% early close fee (digital only) Swap Rates Standard accounts use market-based swap rates depending on the instrument and position size. Swap-Free Accounts (W-CENT, W-PROFI) replace swaps with a fixed overnight fee, which is payable daily at 00:00 server time. Traditional swaps are not used in cryptocurrency or digital accounts. Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4 (MT4)✔Windows, Mac, Android, iPhone/iPad, LinuxBeginnersMetaTrader 5 (MT5)✔Windows, Mac, Android, iPhone/iPad, LinuxExperienced tradersDeposit and Withdrawal World Forex does not charge any deposit fees for most methods, but withdrawal costs do apply and vary depending on the payment method. Depending on the method used, the minimum deposit amount can be as low as $1.Payment MethodTransfer CurrencyMinimum DepositDeposit FeeWithdrawal FeeDeposit TimeWithdrawal TimeVISA/MasterCardUSD, EUR30 USD/EUR04% + 5 USD/EURInstant30 minutesSberbank OnlineRUB1 USD or equivalent2.5% + 50 RUBUp to 24 hoursTinkoff BankAlfa-ClickInstantPromsvyazbankRussky StandartPayeer10 RUB1%Perfect MoneyRUB, USD, EUR1 USD or equivalent3.80%ADVcash1.50%DashDashVaries by providerUp to 6 hoursApple PayRUB, USD, EUR300 RUB2.5% + 50 RUBInstantGoogle PayRUBWire TransferRUB, USD, EUR, KZT200 USD or equivalentBank fees applyDepends on receiving bankUp to 5 days

World Forex broker review

Is World Forex safe or scam

Rating Index

VISA

Minimum Deposit

equivalent 30 USD(EUR)

ADVCash

Minimum Deposit

equivalent 1 USD

How to login to World Forex?

World Forex Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a World Forex Account Creating a World Forex account is the first step towards trading in the forex market. Follow these detailed steps to ensure a smooth reg

World Forex Broker - Complete Information Guide

1. Overview of the Broker

　　World Forex, established in 2007, is a well-known online brokerage firm based in the British Virgin Islands. The company operates under the ownership of Existrade Ltd, which has expanded its presence to multiple regions, including Vanuatu, China, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, the United Arab Emirates, and the United Kingdom. As a private entity, World Forex caters primarily to retail traders, boasting a clientele of over 350,000 traders from more than 150 countries.

　　Since its inception, World Forex has made significant strides in the trading industry. The firm focuses on providing a user-friendly trading environment, particularly appealing to beginner traders. One of the key milestones in its development was the acquisition by Existrade Ltd in 2016, which enhanced its regulatory framework by obtaining a license from the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA).

　　World Forex operates on a multi-asset business model, offering services in retail forex trading, Contracts for Difference (CFDs), and binary options. The brokers appeal lies in its competitive trading conditions, including a low minimum deposit requirement of just $1, making it accessible for new traders looking to enter the financial markets.

2. Regulation and Compliance Information

　　World Forex is regulated by the SVG FSA, holding registration number 1420912. The broker also participates in the Financial Commission, which provides a compensation fund of up to €20,000 per complaint, ensuring a degree of investor protection. However, it is important to note that the regulatory oversight in Saint Vincent and the Grenadines is considered less stringent compared to major financial jurisdictions like the UK's FCA or Australia's ASIC.

　　The broker follows Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the legitimacy of its operations. This includes verifying the identity of clients and monitoring transactions for suspicious activities. Despite these measures, the lack of a top-tier regulatory framework raises concerns about the overall safety of trading with World Forex.

3. Trading Products and Services

　　World Forex offers a diverse range of trading products, catering to various trading preferences. The broker provides access to over 53 currency pairs, including major pairs like EUR/USD and GBP/USD. Additionally, traders can speculate on CFDs involving indices, commodities, stocks, and cryptocurrencies.

　　The special product offerings include digital contracts, which operate similarly to traditional binary options. These contracts allow traders to bet on the price movement of underlying assets within specified timeframes, ranging from 1 minute to 7 days. The maximum payout for American digital contracts can reach 100%, while European contracts offer up to 85%.

　　World Forex continuously updates its product offerings to meet market demand, ensuring traders have access to the latest financial instruments. The broker also provides retail trading services that are beginner-friendly, along with institutional services for professional clients.

4. Trading Platforms and Technology

　　World Forex supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for download on Windows and MacOS, and they also offer mobile applications for iOS and Android devices. This ensures that traders can access their accounts and manage their trades on the go.

　　In addition to MT4 and MT5, World Forex provides a proprietary WebTrader platform that allows for browser-based trading without the need for software installation. This platform offers essential trading tools, including real-time quotes, a complete trading history, and customizable charts.

　　World Forex operates on an ECN (Electronic Communication Network) model, which enhances transparency and execution speed. The broker's servers are strategically located to ensure low latency and quick order execution, crucial for traders in fast-moving markets. The platform also supports API integration for automated trading solutions.

5. Account Types and Trading Conditions

　　World Forex offers several account types to accommodate different trading styles and preferences. The primary account options include:

W-Cent Account: Minimum deposit of $1, fixed spreads starting from 1.8 pips, and no commission.
W-Profi Account: Minimum deposit of $1, floating spreads starting from 0.6 pips, and no commission.
W-ECN Account: Minimum deposit of $1, floating spreads starting from 0.2 pips, and a commission structure.
W-Crypto Account: Minimum deposit of $1, floating spreads starting from 0 pips, with a 0.5% commission.
W-Digital Account: Minimum deposit of $1, fixed spreads starting from 1.8 pips, with a commission for early closing of 40% on American contracts.

　　The maximum leverage offered varies by account type and can go up to 1:1000 for standard accounts. The minimum trade size is 0.01 lots for most accounts, providing flexibility for traders with different capital levels. Overnight fees apply, depending on the account type and positions held.

6. Funds Management

　　World Forex supports a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets like Perfect Money and Bitcoin. The minimum deposit requirement is just $1, making it an attractive option for new traders.

　　Processing times for deposits vary by method:

Bank Transfers: Up to 5 days.
Credit/Debit Cards: Instant processing.
E-wallets: Instant processing.

　　World Forex does not charge deposit fees, although third-party charges may apply. However, when it comes to withdrawals, fees range from 1% to 4%, plus a fixed charge, which is a notable drawback compared to other brokers. Withdrawals are typically processed within 30 minutes, but clients must use the same method for withdrawals as they did for deposits.

7. Customer Support and Educational Resources

　　World Forex offers comprehensive customer support through multiple channels, including:

Email: support@wforex.com
Live Chat: Available on the website.
Phone Support: Numbers available for different countries, including Russia, Thailand, and the UK.

　　The support team is operational 24/7, catering to a global clientele. The broker supports multiple languages, including English, Russian, Thai, and more.

　　In terms of educational resources, World Forex provides a knowledge base filled with articles covering various trading topics, from basic concepts to advanced strategies. Additionally, traders can access market analysis, daily news, and research reports to enhance their trading decisions.

8. Regional Coverage and Restrictions

　　World Forex services a wide range of markets, including regions in Asia, Europe, and the Americas. However, the broker does not accept clients from certain jurisdictions, including the United States, Canada, North Korea, Iran, and other countries on sanction lists.

　　The broker's regional offices are strategically placed to support its diverse clientele, ensuring that traders can access local support and resources. However, potential clients should be aware of the regulatory limitations based on their geographic location.

　　In conclusion, World Forex offers a diverse range of trading options, competitive conditions, and a user-friendly platform ideal for both novice and experienced traders. However, the lack of stringent regulation and certain withdrawal issues should be carefully considered before engaging with this broker.

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