WorldForex (WForex) review: Worldforex is an established online trading platform that offers a wide range of financial instruments for traders worldwide. Traders can access multiple markets, including forex, commodities, indices, and cryptocurrencies, allowing for diversification and trading opportunities across various asset classes.
Worldforex operates in compliance with applicable regulations to ensure a secure and transparent trading environment. By adhering to regulatory standards, the platform aims to provide traders with a reliable and trustworthy trading experience.
Competitive spreads and leverage options are offered by Worldforex, enabling traders to access favorable trading conditions. Tight spreads help minimize trading costs, while flexible leverage allows traders to amplify their trading positions, potentially maximizing their trading opportunities.
Trading Terminals:
| 💵 Currency: | USD, EUR, RUB, UAH |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Hodge Plaza 3rd. Floor, Road Town, Tortola, British Virgin Islands |
Overall Wforex.com Review
Overall, Worldforex offers traders a comprehensive trading platform with a wide range of financial instruments, competitive trading conditions, user-friendly interfaces, and dedicated customer support. Traders can access the markets, execute trades, and enhance their trading skills with the support of the platform's resources and services.
Go to Wforex.com website
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Geographic Distribution
Geography of clients (traders) Wforex.com
Top Reviews
Best customer reviews of WorldForex (WForex)
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
Worldforex has impressed me with its wide range of financial instruments. As a trader, I appreciate the diverse options available, including forex, commodities, indices, and cryptocurrencies. This allows me to explore various markets and diversify my trading portfolio. The user-friendly trading platforms have also made my experience seamless and efficient. The advanced charting tools and risk management features have helped me make informed trading decisions. Overall, Worldforex's offering of a comprehensive range of instruments and user-friendly platforms has positively impacted my trading experience.
Russia
I have had a negative experience with Worldforex due to its limited regulatory oversight. As a trader, I prioritize the safety and security of my funds, and the lack of specific regulatory information raises concerns. Furthermore, the platform's lack of transparency regarding account types and associated fees has been frustrating. I believe that clear and transparent information regarding account options and fees is crucial for traders to make informed decisions. Due to these issues, I am hesitant to fully trust Worldforex as a reliable trading platform.
United States
My experience with Worldforex has been relatively neutral. While the platform provides access to various financial instruments and the trading platforms are user-friendly, I have found that the educational resources and research tools are somewhat limited. As a trader, I value continuous learning and staying updated with market trends, and I feel that Worldforex could enhance its educational materials and provide more comprehensive research tools. However, the platform's execution of trades and customer support have been satisfactory, leading to a neutral overall experience.
Russia
Expert Review
Expert Review of WorldForex (WForex)
First and foremost, Worldforex prioritizes the security of client funds. The platform utilizes advanced security measures, including encryption protocols and segregated accounts, to protect clients' investments. This commitment to security instills confidence in traders, knowing that their funds are safeguarded.
Secondly, Worldforex adheres to strict regulatory requirements. It operates under the oversight of recognized regulatory bodies, ensuring compliance with industry standards and providing a level of accountability. This regulatory oversight adds an extra layer of trust and transparency to the platform.
Moreover, Worldforex emphasizes transparent pricing and trading conditions. The platform offers competitive spreads and leverages options, providing traders with fair and favorable trading opportunities. This commitment to fair pricing contributes to the overall reliability and trustworthiness of the platform.
Worldforex also demonstrates reliability through its reliable and responsive customer support. Traders can reach out to the support team via various channels, such as live chat, email, or phone, and receive prompt assistance. This dedication to customer service fosters trust and reliability in addressing traders' concerns and inquiries.
Lastly, Worldforex's longevity in the industry is a testament to its reliability. With a track record of successful operations, the platform has established itself as a reputable and reliable choice for traders worldwide.
In conclusion, Worldforex stands out as a reliable trading platform due to its commitment to security, regulatory compliance, transparent pricing, responsive customer support, and its established presence in the industry. Traders can have confidence in the platform's reliability and trustworthiness as they engage in their trading activitie
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on Worldforex involves inherent risks and may not be suitable for all investors. The volatility of the financial markets can result in potential losses that could exceed your initial investment. It is important to understand and carefully consider the risks associated with trading, including but not limited to market fluctuations, economic events, and regulatory changes.
Copy Trading
Investment Programs
ZuluTrade is a popular social trading platform that enables users to follow and copy the trades of successful traders. It operates as a separate entity from Worldforex and provides a bridge between traders and various partnering brokers, including Worldforex.
With ZuluTrade, traders can browse through a diverse pool of experienced signal providers and choose to automatically replicate their trades in their own Worldforex trading accounts. The platform allows users to assess the performance, risk profiles, and trading strategies of different signal providers, helping them make informed decisions on whom to follow.
ZuluTrade is a platform that allows you to automatically copy the trades of successful traders.
Once a trader selects a signal provider on ZuluTrade, the platform will execute the provider's trades in the follower's Worldforex account in real-time. The replication of trades occurs automatically, allowing followers to benefit from the expertise and trading success of the chosen signal provider.
ZuluTrade offers various features to enhance the copy trading experience, such as risk management tools, customizable settings, and performance monitoring. Traders can set risk parameters, adjust trade sizes, and apply filters to tailor the copying process according to their preferences and risk tolerance.
It's recommended to visit the official websites of both ZuluTrade and Worldforex for detailed information on their partnership, the specific features available, and any requirements or limitations associated with using ZuluTrade's copy trading functionality with a Worldforex trading account.
Remember, copy trading carries risks, and it's important to carefully consider your personal circumstances, risk appetite, and financial goals before engaging in copy trading activities on Exness.com or any other platform.
Please note that the specific steps and processes may vary slightly depending on the integration between ZuluTrade and Worldforex. It's recommended to visit the official websites of both platforms or contact their customer support for detailed instructions on how to use ZuluTrade specifically with your Worldforex account.
The key difference of ZuluTrade from other platforms is its focus on social trading and the ability to automatically copy trades from other successful traders. ZuluTrade offers a wide selection of signal providers that traders can choose from based on their trading strategies, risk tolerance, and performance. This social aspect sets ZuluTrade apart from traditional trading platforms and provides an opportunity for less experienced traders to benefit from the expertise of more seasoned traders.
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Conditions
Trading Conditions for Wforex.com Traders
Trading Terminals:
Wforex offers a range of trading conditions tailored to meet the diverse needs of traders. They provide various types of trading accounts, including Standard, Cent, ECN, and VIP accounts. Each account type is designed to accommodate different trading preferences and strategies. Traders can choose the account that aligns with their trading goals and risk tolerance.
In terms of leverage, Wforex offers a flexible leverage system. The leverage ratio can vary depending on the trading instrument and the selected account type. Leverage options range from 1:1 to 1:1000, allowing traders to amplify their trading positions and potentially increase their profit potential. It's important for traders to understand the risks associated with leverage and use it responsibly.
Wforex operates with variable spreads, meaning the spread can fluctuate based on market conditions and liquidity. Spreads typically differ among trading instruments and account types. Traders should be aware of the specific spread values applicable to their chosen markets and accounts. Access to a wide range of markets is available on the Wforex platform, including Forex (currency pairs), Stocks, Indices, Commodities, and Cryptocurrencies. This allows traders to diversify their portfolios and explore various trading opportunities.
To facilitate account funding and withdrawals, Wforex supports multiple payment methods, such as bank transfers, credit/debit cards, and electronic payment systems. Traders can choose the most convenient option that suits their needs. It's recommended to review the available payment methods and any associated fees on the Wforex website.
It's important to note that trading conditions can be subject to change and may vary depending on the specific account type and regional regulations. For accurate and up-to-date information, traders should visit the official Wforex website and consult with their customer support to ensure they have the latest details regarding account types, leverage options, spreads, and commission fees relevant to their trading preferences.
| 💵 Currency | USD, EUR, RUB, UAH |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, bank transfers, Skrill, Neteller, and other electronic payment systems |
| 🏦 Broker Type: | Market Maker |
| 📞 Customer Service | Forums, Call Back, Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ❌ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Hodge Plaza 3rd. Floor, Road Town, Tortola, British Virgin Islands |
Risk Warning
Comparison
Comparison of Wforex.com with other FOREX Brokers
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Broker comparison table of trading instruments
Commissions
Wforex.com Accounts, Commissions & Fees
Worldforex offers a range of account types to cater to the diverse needs of traders. The W-Cent Account is designed for beginners, offering a low minimum deposit starting from $1. It provides a suitable environment for new traders to learn and practice trading strategies. The W-Profi Account is designed for more experienced traders who require advanced trading features and tools. It also offers a low minimum deposit requirement.
The W-Instant Account is designed for traders who prefer instant order execution. It allows for quick and efficient trading without delays. The W-ECN Account provides access to ECN trading, which offers direct market access and competitive pricing. This account type is suitable for experienced traders looking for enhanced execution speed and tighter spreads.
For traders interested in cryptocurrency trading, Worldforex offers the W-Crypto Account. It allows traders to access various cryptocurrencies and trade them against major fiat currencies. Additionally, the W-Digital Account is specifically designed for trading digital contracts, providing an opportunity to speculate on the price movements of various assets.
Commissions and fees vary depending on the chosen account type and the specific instrument being traded. It is important to review the official website or contact Worldforex's customer support for detailed information on commissions and fees associated with each account type.
Worldforex may also charge fees for services such as withdrawals, account maintenance, or inactivity. Traders should be aware of these potential fees and review the terms and conditions provided by Worldforex to understand the cost structure associated with their chosen account.
| Account Type | Minimum Deposit | Leverage | Spread | Instruments | Orders Execution |
|---|---|---|---|---|---|
| W-Cent | From $1 | 1:33 – 1:1000 | Fixed from 1.8 pips | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts | Instant Execution, Market Execution |
| W-Profi | From $1 | 1:33 – 1:1000 | Fixed from 1.8 pips | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts | Market Execution |
| W-Instant | From $1 | 1:33 – 1:1000 | Fixed from 2 pips | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts | Market Execution |
| W-ECN | From $1 | 1:50 – 1:500 | Floating from 0.2 pips | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts | Market Execution |
| W-Crypto | From $1 | 1:1 – 1:25 | Floating from 0 pips | Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts | Market Execution |
| W-Digital | From $1 | 1:1 – 1:25 | Floating from 0 pips | Digital contracts | Market Execution |
Worldforex offers different spreads depending on the account type. The W-Cent and W-Profi Accounts have fixed spreads starting from 1.8 pips, providing traders with predictability in their trading costs. The W-Instant Account also offers fixed spreads starting from 2 pips. On the other hand, the W-ECN Account features floating spreads starting from 0.2 pips, allowing for potentially tighter spreads during market conditions with high liquidity. The W-Crypto Account offers floating spreads from 0, providing traders with flexibility in trading cryptocurrencies.
As for the available instruments, Worldforex provides a wide range of options. Traders can access currency pairs, including major, minor, and exotic pairs, allowing for diverse forex trading opportunities. The platform also supports trading in cryptocurrencies, enabling traders to participate in the dynamic crypto market. Additionally, Worldforex offers trading opportunities in metals, oil, shares, and digital contracts, providing access to various markets and asset classes.
Risk Warning
Final review
Detailed review of WorldForex (WForex)
Wforex.com is a reputable online trading platform that offers a range of financial instruments for traders. With its user-friendly interface and comprehensive features, it has gained popularity among traders worldwide.
If you're a beginner, Worldforex is an excellent choice for a forex broker.
One of the key strengths of Wforex.com is its wide selection of tradable assets. Traders have access to a variety of markets including Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, and Cryptocurrencies. This allows for diversification and the opportunity to take advantage of different market trends.
The platform provides multiple account types to cater to the needs of different traders. From W-Cent and W-Profi accounts with fixed spreads to W-Instant and W-ECN accounts with floating spreads, traders have the flexibility to choose an account that aligns with their trading preferences.
Wforex.com offers competitive trading conditions, including leverage of up to 1:1000, which enables traders to amplify their trading positions. The platform also boasts tight spreads, starting from 0 pips, providing traders with cost-effective trading options.
Overall, Wforex.com is a reliable trading platform that offers a diverse range of assets, competitive trading conditions, advanced technology, and excellent customer support. Traders looking for a comprehensive trading experience may find Wforex.com to be a suitable choice.
Advantages:
Wforex.com Regulator
Worldforex operates under the regulation of the International Financial Services Commission (IFSC) in Belize. The IFSC is a regulatory authority responsible for overseeing financial services providers in Belize. Here are the key points about the IFSC and its impact on Worldforex:
- Regulatory Oversight: The IFSC ensures that Worldforex operates in compliance with the regulatory framework set forth by the commission. This includes monitoring the activities of the company, verifying its financial stability, and assessing its adherence to legal and operational requirements.
- Client Protection: The IFSC aims to protect the interests of clients by enforcing rules and regulations that promote fair and transparent trading practices. It sets guidelines for client fund segregation, ensuring that client funds are kept separate from the company's operational funds, thus providing an additional layer of security for traders.
- Dispute Resolution: In the event of any disputes between Worldforex and its clients, the IFSC serves as a regulatory authority to facilitate resolution. It offers a platform for clients to submit complaints and ensures that they are addressed in a timely and fair manner.
- Investor Confidence: Being regulated by a reputable authority like the IFSC enhances the credibility and trustworthiness of Worldforex in the eyes of potential investors. The regulatory oversight provided by the IFSC helps instill confidence in traders, knowing that the broker operates under established guidelines and is subject to regulatory scrutiny.
It's important to note that while regulatory oversight provides a certain level of protection, traders should still exercise due diligence and conduct their own research before engaging with any broker.
VISIT: Financial Services Commission (IFSC)
Risk Warning
Promotions
Bonuses Paid by the Wforex.com
Wforex.com offers various bonuses and promotions to its clients as a way to enhance their trading experience. These bonuses are designed to provide additional benefits and incentives to traders. Here are some of the bonuses that Wforex.com may offer:
Welcome Bonus
This is a bonus provided to new clients upon opening an account with Wforex.com. It is typically offered as a percentage of the initial deposit made by the client. The welcome bonus can vary in value and may have specific terms and conditions attached to it.
Deposit Bonus
Wforex.com may offer deposit bonuses to clients when they make subsequent deposits into their trading accounts. The bonus amount is usually a percentage of the deposited funds and can provide traders with extra trading capital.
Loyalty Programs
Wforex.com may have loyalty programs that reward clients based on their trading volume or activity. These programs can offer various benefits such as cashback, lower spreads, or exclusive promotions to loyal clients.
Education
Review of the Wforex.com Education Program
Wforex.com provides an extensive education program designed to enhance the trading knowledge and skills of its clients. The education program includes a variety of resources and tools that cater to traders of different experience levels. Here is a review of the Wforex.com education program:
The Wforex.com education program aims to empower traders with the knowledge and tools necessary to make informed trading decisions. It is important for traders to take advantage of these educational resources and continuously expand their trading knowledge to improve their overall trading performance.
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Rating and Comments
WorldForex (WForex) Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
My experience with the customer support at Wforex.com was disappointing. The response time was slow, and the support team lacked sufficient knowledge and expertise to address my concerns effectively. This lack of efficient and reliable support impacted my trading experience. Furthermore, I experienced occasional technical issues on the platform, including platform freezing and order execution delays, which affected my trading outcomes. Improvements in customer support and platform stability are necessary for a more satisfactory experience on Wforex.com.
The platform provides competitive trading conditions with reasonable spreads and leverage options. While the platform is functional, it may lack some advanced features and tools compared to other platforms. Additionally, the educational resources and market analysis provided could be more comprehensive. However, for traders seeking a straightforward trading experience with standard features, Wforex.com can be a suitable choice.
I encountered some technical problems, such as delays in order execution, which could have a negative impact on trading results. Also, the training materials and analysis could have been more complete. Overall, Wforex.com provides a decent trading experience, but better technical stability and educational resources would improve the overall trading experience.
Wforex.com is a reliable trading platform that offers a wide range of trading instruments and competitive trading conditions. The platform provides a user-friendly interface, making it easy for traders to navigate and execute trades. With tight spreads and flexible leverage options, Wforex.com creates favorable trading conditions. Additionally, their customer support is responsive and knowledgeable, providing prompt assistance when needed. Overall, Wforex.com is a trustworthy platform that offers a comprehensive trading experience for traders of all levels.