World Forex Review

Overview

«World FOREX» — is a Company founded in 2007 on the territory of the British Virgin Islands according to BVI Business Companies Act, 2004. BVI Company № 1420912

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Details

Broker World Forex
Website URL www.wforex.com
Founded 2007
Headquarters Govant Building, Kumul Highway, Port Vila, Vanuatu
Support Number +44 870 479 8221
Trading Platform MT4, WebTrader, WFT Mobile, Mobile SE, iPhone World Forex MT4, Android Traider MT4, WForex FX LITE for MT4 (an addition to the МТ4 Binary options trade)
Minimum 1st Deposit $1
Minimum Trade Amount $1
Maximum Trade Amount $1500
Leverage Up to 1:500 (up to 1:200 for W-ECN)
Spread Narrow spreads from 0,2 pips
Free Demo Account Open Demo
Regulated Yes
Regulation Vanuatu Financial Services Commission (VFSC) №300236
Deposit Methods Credit/Debit Cards, Bank Wire, WebMoney, Yandex Money, W1, Privat24, Qiwi and other.
Withdrawal Methods Credit/Debit Cards, Bank Wire, WebMoney, Yandex Money, W1, Privat24, Qiwi and other.
Number of Assets 32 currency pairs, metals
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.7/10

Full Review

The World Forex is a broker firm, and it is not being new to the binary options market. The company with a good story, and with a fairly wide array of choices and specialization. The Wforex was established in 2007, and since then, offers its customers quality services to trade binary options, while also offering an access to the foreign exchange markets. The head office is located in the British Virgin Islands.

In 2016 the company came under the ownership of Existrade Limited, registered in Vanuatu. Its activities are governed accordingly to Vanuatu Financial Services Commission. Wforex is a fully-functioning broker with a wide range of services and tools for trading, including the essential demo account, which is easy to start with for beginners.

 

Features

The main direction of the broker is trading binary options. World Forex provides traders with all convenient and powerful tools for profit. Wforex Broker offers the following trading conditions:

  • Minimum transaction amount: $1, €1, 10 rubles;
  • Options types: European, American;
  • Expiration: 7 days maximum, minimum – 1 minute;
  • Platform: MT4, WebTrader.

To conclude a deal on the World Forex you need to do just three simple steps:

  • Select the required amount;
  • Determine the time of expiry;
  • Specify direction.

The educational section in Wforex composed of series of articles that describe basic principles of trading. This section is useful for those beginners who are just more interested in these topics. 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 follow the right to make deals, laid out for everyone for convenient daily observation.

With the depositing of money in your trading account, you will be able to get a special bonus. A bonus, in the form of additional funds, will be credited to your trading account, and it is a good chance to increase your income. The bonus amount can make more than $ 100 and is determined individually with each client.

 

Wforex, is this a scam?

The Internet contains plenty of information, including user reviews on Wforex and their services. In case of Wforex, such information is easy to find, the company has been around for more than 10 years, and its services are being used by a lot of people. Looking at forums and various sites reviews, we were not surprised to find that the positive responses of clients on this broker stand out in their majority. After analyzing the main sources and forums, we did not find any serious negative remarks about the object of our today’s review. Most of the messages were either with the wishes to add new options for trading or reviews about Wforex quick work. Traders often note that Wforex, without problems, let the customers withdraw earnings. You can read reviews to see this.

 

Deposits and withdrawals

Wforex, as many of serious binary options brokers, offers to its clients a sufficient number of options for depositing and withdrawing funds. Among them, basic and well-known: WebMoney, Yandex Money, VISA/Master Card, Qiwi and others.

Depositing into the account can be done in a variety of currencies, including the ruble, the euro and the dollar. Deposits with bank wire takes a couple of days. Doing deposit or withdrawal of funds via electronic payment systems, you can transfer money to your account in just a few seconds.

 

Regulator

The company licensed under number number 300236, and is 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 and have the right to obtain a license to perform financial activities in the registrar’s jurisdiction.

 

Conclusion

Broker Wforex is able to provide its customers with excellent facilities for a comfortable and successful work, but also gives a good start for beginners by providing the necessary training information, with which, the new traders can learn the principles and different trading strategies. Good technical equipment, the absence of negative feedback from clients, and honest approach to business, make Wforex the best choice for the market. The company is regulated and officially registered, Wforex’s activity is not suspicious or disappointing, and this suggests positive feedback and reviews about them.

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