Overview of World Forex
The brokerage firm World Forex is dedicated to providing clients with optimal conditions to reach their financial objectives. With over 12 years of successful operation, the company boasts a client base exceeding 350,000 individuals. Its reputation for reliability spans across 50 countries globally, with ongoing efforts to enhance its market presence.
World Forex has been recognized for the excellence of its banking and brokerage services, continually striving to elevate the quality and efficiency of its operations.
Contact Information and Registration Details
World Forex is registered in the offshore jurisdiction of Saint Vincent and the Grenadines. The website is operated by Existrade Limited, a registered entity in Vanuatu.
The company maintains offices in Saint Vincent and the Grenadines, as well as in Vanuatu. Clients can reach out to company representatives through various phone numbers, including those for Russian and Ukrainian support, or by submitting a support email request.
World Forex is regulated by several authorities, including the Financial Commission, Vanuatu Financial Services Commission (VFSC), and Financial Services Authority – St. Vincent & the Grenadines. Each client is insured for up to 20,000 euros through participation in The Financial Commission program.
The company’s management operates multiple websites with domain addresses, such as ru.wforex.com, ce.wforex.org, wforex.ru, and ka.wforex.biz.
Trading Conditions Offered
World Forex’s platform facilitates trading with standard lot sizes or on a cent account with a micro-lot option. The brokerage offers 6 types of accounts, along with a demo account for practicing exchange trading using bonus funds.
Minimum transaction amounts on standard accounts are as follows: 1 dollar, 1 euro, 1 ruble, 1 hryvnia. Digital account types available include European and American options. All financial transactions are executed on the MT4 and WebTrader platforms.
The distinctions among accounts lie in the available trading currencies, leverage, spreads, and quote accuracy. Additionally, clients can participate in the partnership program, offering three partnership types: Internet partner, YouTube partner, and Representative partner.
Account Funding and Withdrawal Process
Clients can deposit funds into their trading accounts in dollars, euros, rubles, and hryvnias using various methods, such as bank cards (MasterCard, Visa), bank transfers, online banking, and electronic payments. No fees are charged for account funding.
For fund withdrawals, clients must submit a request through their personal accounts, with funds typically credited within 30 days. Clients are responsible for all fees associated with withdrawals and request processing. Specific commission percentages are not detailed on the website.
Client Reviews
If you have experience with the World Forex brokerage platform, we encourage you to share your feedback. Describe the convenience of working with the company and any nuances in your cooperation, aiding other traders in making informed decisions when selecting a broker for their trading activities.
This review has been prepared by the specialists at ExpertsReview.
My experience with World Forex has been nothing short of disappointing. There’s a severe lack of transparency and communication is far from impressive. The platform is convoluted, intimidating for beginners and lacks useful educational resources. Their customer service is also very poor, often leaving inquiries unanswered for long periods. The fees are higher than average and hidden costs are scattered throughout the proceedings. The withdrawal process is tedious and often delayed. I honestly wouldn’t recommend World Forex to anyone dealing with online trading. This was not a firm that provides a reliable, consistent, or user-friendly environment to its clients.