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 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 9.3/10

Full Review

The World Forex is a brokerage firm that is not new to the binary options market. The company possesses a good story offers a fairly wide array of choices and specializations. The Wforex was established in 2007, and since then, has offered its customers quality services to trade binary options, while also offering 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 the 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 for beginners to start with.

 

Features

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; and
  • Specify direction.

The educational section on Wforex is composed of series of articles that describe basic principles of trading. This section is useful for those 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 transaction 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 is this a scam?

The Internet contains plenty of information about Wforex, 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. Looking at the forums’ and various sites’ reviews, we were not surprised to find that the positive responses of clients on this broker stand out. After analyzing the main sources and forums, we did not find any serious negative remarks about Wforex. Most of the messages were either wishes to add new options for trading or reviews about Wforex’s quick work. Traders often note that Wforex let the customers withdraw earnings without issue. You can read reviews to see an illustration of this.

If we find complaints about Wforex, we will post it on social media. Follow us to be well informed:

 

Deposits and withdrawals

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

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

 

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.

 

Conclusion

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

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