WForex (World Forex): review of Forex broker, rating and customer reviews

29.07.2022

Year of foundation

2007

Site

https://wforex.com/

Software

MetaTrader 4, MetaTrader 5, WebTrader or FX Lite BO

Payment systems

Bank cards, Internet banking, payment terminals, electronic payments

Affiliate program

Да

Rating

6.6

  1. General information
  2. Advantages of the broker
  3. Disadvantages of the broker
  4. Investment programs
  5. Affiliate program
  6. Trading conditions
  7. Commissions
  8. Types of accounts
  9. Bonus Program
  10. Training materials
  11. Safety Guarantee
  12. Funds depositing and withdrawal
  13. Support service
  14. Overview of the personal account
  15. Contacts
  16. Reviews of WForex clients

General information

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.

Advantages of the broker

  • Low entry threshold (starting from $1).
  • Possibility of automatic trading.
  • Islamic accounts.
  • Multilingual support service WForex.

Disadvantages of the broker

  • The absence of a separate forum for traders.
  • The support team can take a long time to reply by e-mail.

Investment programs

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.

Affiliate program

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.

Trading conditions

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.

Commissions

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.

Types of accounts

WForex broker offers several types of accounts with different conditions. The company's clients can choose the appropriate type of account:

  • W-Cent: a universal cent account for beginners and experienced investors. This type of account features a fixed spread of 1.8 pips;
  • W-Profi: this account is popular with professional traders. Transactions in several currencies are available: dollar, euro and ruble;
  • W-Instant: this type of account offers instant order processing and spreads from 2 pips;
  • W-ECN: the account allows you to work with WForex execution system, which eliminates the conflict of interest between the investors and the broker. This tariff opens access to trading assets of Forex and commodities markets;
  • W-Crypto: the account is used for crypto-trading. Users can choose leverage up to 1:25;
  • W-Digital: the account is suitable for working with digital contracts. Traders can make a deposit of $1-300.

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.

Bonus Program

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.

Training materials

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.

Safety Guarantee

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.

Funds depositing and withdrawal

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.

Support service

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.

Overview of the personal account

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.

Contacts

Phone +7 495 266 60 77
E-mail [email protected]
Social media

https://www.facebook.com/worldforexeu

https://twitter.com/worldforex_eu

https://www.instagram.com/worldforex_eu/ 

Reviews of WForex clients

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.

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