Year of foundation
MetaTrader 4, MetaTrader 5, WebTrader or FX Lite BO
Bank cards, Internet banking, payment terminals, electronic payments
More than 30 thousand traders from 50 countries cooperate with WForex. The company holds regular promotions and provides clients with bonuses. The trading conditions of the online broker are suitable for beginners and experienced investors. World Forex offers flexible trading conditions for classic and automated trading. The availability of analytical tools allows professional market players to conduct technical and fundamental analysis independently.
Beginner investors can work on the platform for social trading and copy profitable deals of other market players. In addition to bonuses and promotions WForex has a REBATE CLUB program, the participants of which receive monetary rewards.
The broker World Forex has developed a loyalty program, the participants of which receive bonus points. They can be converted into real money or used to make trades. The number of club bonuses depends on the length of existence of the trader's account, trading history, the amount of funds in all accounts of the investor.
WForex company offers a service for social trading. The broker forms the rating of successful investors whose profitable transactions may be copied by less experienced market players.
When participating in the WorldForex partnership program the broker's clients can get up to 85% of spread from the profits earned by the attracted clients. Only the registered traders can become partners of the company. You can earn money in this program by referring new clients or placing a link to the WForex broker's site on your own internet resources.
The company regularly updates software and introduces modern solutions, such as ECN and STP technologies. Traders may choose MetaTrader 4, MetaTrader 5, WebTrader or FX Lite BO for trading. The minimum deposit on all accounts of the broker is $1. WForex sets fixed and floating spreads. The former start at 1.8 pips, the latter at 0 pips. The leverage on the ECN accounts reaches 1:500, for W-CRYPTO the figure is 1:25.
The analysis of WForex commissions showed that the broker does not set hidden fees. When depositing funds, the company does not deduct any interest from the deposit amount. Non-trading commission of up to 3.5% is charged only when withdrawing money. As for trading commissions, the broker has a spread. Its size may vary between $1.8-20, depending on the type of account. WForex also sets swaps.
WForex broker offers several types of accounts with different conditions. The company's clients can choose the appropriate type of account:
You can test the trading conditions of the World Forex broker on a demo account. To get access to a demo account, you need to register on the company's website and log in to the trader's personal cabinet.
For every deposit amount of $100 and more the broker gives a 100% bonus. WForex compensates the commission charged by payment systems when depositing funds. The broker also offers the possibility of cashback. World Forex informs about all available bonuses and current promotions on its website and in social networks.
The official site WForex has a section with educational materials for novice investors. A full-fledged training course contains information about the secrets of trading on financial markets, popular assets, and trading strategies. Answers to frequently asked questions and the glossary of basic terms are placed on the broker's website in the "Help" section.
WForex activities are supervised by the Financial Services Market Supervision Commission (VFSC). The broker is also a member of The Financial Commission. This regulator is involved in resolving conflicts between World Forex and traders.
The broker WForex has a compensation fund of €20 thousand, which allows paying compensation to clients in case of bankruptcy. All of the traders' financial and personal data is encrypted and stored in a closed database.
WForex broker draws out clients' funds every day Monday through Friday. In order to withdraw the earned money, the trader must submit the appropriate application, which is processed within 30 minutes from the time of submission.
For financial transactions WForex offers bank cards, transfer via bank, online payment systems. Visa/MasterCard, ADVCash, Bitcoin, Moneta.ru and others are available among deposit and withdrawal methods. Deposits can be made in dollars, rubles, euros and other currencies.
Consultations of managers from the WForex technical support service are available 24 hours a day, 7 days a week. The broker's support service provides customer service in 5 languages. It is possible to contact the technical support service by phone, email or in the online chat on the World Forex website. The company also has a callback form. Traders can leave a request on the broker's website, after which a manager will call back at a convenient time.
After authorization on the website of the online broker WForex, new clients are given the data to enter the personal cabinet, which displays the information necessary for trading and managing the trader's account. Thus, in the tab "Open an account" you can see the list of accounts. Financial operations are available in the "Transactions" section.
Traders can replenish the deposit, withdraw funds, see the balance. In the personal account, you can choose a trading platform, set the necessary parameters of the account, take part in bonus programs. The personal account also contains the history on affiliate payments.
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In their reviews, WForex clients note the stable withdrawal of funds, user-friendly interface of the personal account, a large number of trading platforms. The disadvantages of the forex broker may include periodic technical failures in the web terminal.