Brief informationWorld FOREX
World FOREX — is a «black» broker disguised as a decent company
World FOREX was founded in 2007 and is registered on the territory of the British Virgin Islands. In 2016, the broker was placed at the disposal of the international organization Existrade LTD, which is registered in the state of Vanuatu and is licensed by VFSC. World FOREX is also a part of Existrade LTD Company. The company is registered in Saint Vincent and the Grenadines. The license was issued by FSA.
Financial instruments
The broker offers trading in European and American digital contracts, as well as cryptocurrency. Trading is carried out with a usage of ECN and STP technologies. The advantages of such trading are as follows:
- deposit is from 1 dollar;
- 35 currency pairs, 4 metals and oil are available;
- spreads are from 0.2 pips;
- high speed of execution of orders;
- there is no commission fee.
What trading accounts does the broker offer?
- W-CENT — for this account deposit is in dollars or euros, execution of transactions is carried out within 1 second, security deposit for transaction is from 0.13 dollars, fixed spreads are from 1.8 pips, leverage is from 1:33 to 1: 1000.
- W-PROFI — deposit is in dollars, euros, rubles and hryvnias, execution of transactions is carried out within 0.9 seconds, security deposit for transaction is from 1.3 dollars, fixed spreads are from 1.8 pips, leverage is from 1:33 to 1: 1000.
- W-INSTANT — deposit is in dollars, euros, rubles and hryvnias, execution of transactions is carried out within 1 second, security deposit for transaction is from 1.3 dollars, fixed spreads are from 2 points, leverage is from 1:33 to 1: 1000.
- W-ECN — deposit is in dollars, hryvnias and rubles, execution of transactions is carried out within 0.7 seconds, security deposit for transaction is from $ 2.6, floating spreads are from 0.2 pips, leverage is from 1:50 to 1: 500.
- W-DIGITAL — deposit is in dollars, euros, rubles and hryvnias, execution of transactions is carried out within 0.9 seconds, security deposit for transaction is from $ 2.6, there are no spreads for American and European digital contracts, and for digital ones – spreads are fixed and from 2 pips, the account is without leverage.
- W-CRYPTO — deposit is in dollars, rubles and hryvnias, execution of transactions is carried out within 0.9 seconds, security deposit for transaction is from $ 2.6, floating spreads are from 0.25 pips, leverage is from 1: 1 to 1:25.
Trading terminals
The broker can offer traders four trading terminals:
- WebTrader — for online trading;
- MetaTrader4 — the platform needs to be downloaded and installed on a PC;
- FX Lite BO — terminal for mobile devices;
- Plugin FX LITE for МТ4 — it requires installation of NET 4.5, which comes bundled with the plugin.
- You can download the platforms and the plugin on the broker's website.
Website features
The World FOREX website is available in Russian, Ukrainian, English, Spanish and Arabic. The resource can hardly be called convenient, but a lot of information is presented. There are training materials and analytical section. You can learn the broker and the terms of cooperation with it better by reading the legal documents.
Conclusion
World FOREX seems to be a respectable broker, but you should not blindly trust the first impression. Black brokers often disguise themselves as respectable companies. World FOREX is under suspicion!
