Get the Inside Scoop on World Forex (WForex): How Do Customers Rate It?
This Trading Platform is available in Ukraine
* The amount that will be credited to the account in the case of a successful deal
*General Risk Warning: Your capital might be at risk
Trustpilot Real Time Reviews
The Trustpilot rating is 3.9,
according to 220 reviews
-
Jinia Shawdagor -
Hannah Jones - 6 min read
Trading forex can be fun and exciting if you do your homework and choose a reliable forex broker. When it comes to the most popular brokers, finding a balance between the fees and the reliability can be tricky.
It’s important to trust your gut to avoid scams, but it’s also essential to arm yourself with accurate information. Oftentimes, a broker with low affordable fees tends to be less reliable than a broker with higher fees. Fortunately, WorldForex (WForex) has managed to land in that happy medium.
WorldForex, or WForex, is an online Forex and CFD trading platform that is part of the HF Markets Group, which aims to establish a cohesive relationship between the regulators and brokers that helps ensure compliance with applicable regulations by working with multiple authorities in different countries.
With over 15 years of experience in financial markets, WorldForex offers low commission fees while still providing the security of a trusted broker. It is easy to fall for the slick marketing jargon of most brokers — who isn’t enticed by low/no fees? — but doing your research will help you make an educated decision and keep your funds save from unscrupulous brokers.
This is why I decided to take a look at World Forex (WForex). I have a few basic requirements for what I need in a broker, and WForex met them all. If you’re jumping into the world of forex trading, the last thing you want is to use a platform that comes with a high minimum deposit requirement. Luckily, WorldForex has a low minimum deposit requirement of just $100.
The platform you use is also important to consider. WForex has the Meta Trader 4 and 5 Trading platforms, which are user-friendly and come with an array of powerful features such as VPS hosting, in-built indicators, automated trading tools, advanced charting and strategy tools, multiple order types and 21 timeframes, to mention a few.
To top it all off, the customer service team at WForex is attentive and knowledgeable — always ready to answer questions and help you maximize your profits.
If you are still undecided about trading forex with WorldForex, then keep reading as we examine their trading terms and features. But first, let’s give a quick overview of the broker.
Overview of WorldForex
WorldForex was founded in 2007 and is owned by its parent company, Existrade LTD.
The company has grown exponentially since its inception and now offers a full suite of financial services for customers around the world. Some of the instruments available to traders include Forex, Crypto, Metals, Indices and Commodities, to mention a few.
WorldForex is also one of the only forex brokers that offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, suitable for the demands of both novice and experienced traders. Additionally, WForex offers a variety of account types to suit different customers’ needs.
Those who are still on the fence about opening an account may be interested to know that WForex provides various promotional bonuses and trading contests for both new and existing traders.
- Grand Capital Broker Overview - Pros, Cons, and Warnings
- Gerchik & Co - Review of the Well-Known Forex Brokers
- FreshForex Review: Is FreshForex Ideal for Forex and CFD Trading?
- Unbiased (2023) Review of IronFX Trading Platform
- City Index: Review & Trader Feedback of the UK Platform
- Binomo Review 2023: Is It Worth a Try?
Trading Platforms
WorldForex operates on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the world’s most widely used trading platforms.
Both of these platforms offer a wide range of features, such as automated trading tools, 21 timeframes with advanced charting, in-built indicators, multiple order types, and VPS hosting. In terms of security, both MT4 and MT5 are renowned for their reliable encryption systems that protect customers’ funds from unauthorized access.
In addition to MetaTrader, WorldForex also comes with a proprietary web trader platform that offers a clean, user-friendly interface and is great for beginners. With WorldForex’s web trader, you can access your entire trade history and analytical objects, customizable graphs, and informative charts, among other interactive features.
- Gerchik & Co - Review of the Well-Known Forex Brokers
- Option Robot Review - The Best Auto Binary Trading System?
- How to Read Candlestick Charts? (The Battle of 2 Species)
- Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker
- What to Do if a Broker Refuses to Pay – 3 Effective Methods
- Top Five Richest and Most Influential Traders Today
Account Types
WForex offers several account types, and the best account for you will depend on your trading style and strategy.
Each account features varying stop-out/margin call percentages, spreads and other features. Here is a breakdown of what to expect on some of WorldForex’s top accounts:
W-CENT
This account comes with a 5% stop out, zero commissions, a 100,000 cents contract size, spreads from 0.6 pips and access to trade currencies such as USD/EUR. You also get a 0.1 lots minimum volume per trade.
W-CENT-fix
This account type features a stop out of 5% with a contract size of 100,000 cents and spreads from 1.8 pips. Similar to the W-CENT account, you also get a minimum volume per trade of 0.1 lots, which is decent for beginners.
W-CRYPTO
This account is ideal for experienced crypto traders. It offers a safety net for traders with a stop-out set at 20%. You also get a contract size of 1-1000 coins to help you build a diverse portfolio. In addition, there are floating spreads with this account starting at 0.0 pips.
- ZENITH TRADING STRATEGY FOR BINARY OPTIONS
- Admiral Markets - Overview & Customer Ratings of the Broker
- Gerchik & Co - Review of the Well-Known Forex Brokers
- Exness Review: A Top-Notch Forex Broker and the Official Partner of Real Madrid
- Interactive Brokers Review: A Globally-Regulated Discount Broker
- 10 Best Crypto Signals 2023 (Free & Paid)
Supported Markets and Instruments
WorldForex offers a comprehensive range of instruments across multiple markets.
You can trade around the clock on Forex, Crypto, Metals, Indices and Commodities. All of these instruments come with high-quality execution and competitive spreads.
Customer Support
Lastly, WorldForex offers excellent customer service and is available 24/7 via a range of channels such as email, live chat, and phone. The team quickly responds to inquiries and provides helpful advice on getting the most out of your trading experience.
FAQs
What is the minimum deposit requirement to open an account with WorldForex?
The minimum deposit requirement to open an account with WorldForex is $100.
Can I use the MetaTrader platforms with WorldForex?
Yes, World Forex offers MT4 and MT5 trading platforms for customers to use.
Is there a demo account available?
Yes, you can take advantage of a free demo account to practice and test out strategies with virtual money.
Does WorldForex offer any bonuses or promotions?
Yes, WorldForex offers various promotional bonuses and trading contests for both new and existing traders. You can check the website for more details on what is currently available.
What are the various leverage levels offered by WorldForex?
WorldForex offers a range of leverage options, including up to 1:500. The exact leverage available will depend on your account type and the instrument you are trading.
Conclusion
WorldForex is a great broker for traders of all levels. From its user-friendly web trader platform and comprehensive range of trading instruments to its competitive spreads, excellent customer support, and various bonus offerings, there are plenty of reasons why this broker is worth checking out. So why not join WorldForex today and see for yourself?
- Interactive Brokers Review: A Globally-Regulated Discount Broker
- Unbiased (2023) Review of IronFX Trading Platform
- TD Ameritrade review 2023: should you sign up with this broker?
- FreshForex Review: Is FreshForex Ideal for Forex and CFD Trading?
- How To Identify Stocks Gaps Properly? (The 4 Gap Types)
- Using a Stochastic Oscillator - the Basics