In this section we will analyze the World Forex broker (also called wforex.com), is a Forex and CFD broker. Is World Forex really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on World Forex. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: World Forex Corp, Existrade LTD and Existrade Limited.
As to its location, the broker mentions being based in: British Virgin Islands, Saint Vincent and the Grenadines and Vanuatu.
If we analyze broker regulation: they mention being regulated in Vanutau, although we consider this regulation as one of the least secure.
If now we go on to analyze account types offered by World Forex, we noticed that they offer 4 different types of account / plans: the W-Cent Account, the W-Profi Account, the W-ECN Account and the W-Option Account. We leave an image with a little information about each type of account.
Account W Cent- $ 1 minimum initial deposit, up to 1: 500 leverage, financial advisor, no commission.
W-Profi account- $ 1 minimum initial deposit, up to 1: 500 leverage, financial advisor, no commission.
W-ECN account- $ 1 minimum initial deposit, up to 1: 500 leverage, financial advisor, no commission.
W-Option account- $ 1 minimum initial deposit, up to 1: 500 leverage, financial advisor, no commission.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that World Forex offers are: MT4 platform.
We will now analyze the different resources and aids for the trader that World Forex provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
World Forex provides the following help or resources to traders or interested parties: explanation of basic concepts of the world of investments, educational sections, economic calendar, trading hours, glossary, really not much more than this.
| Other information about World forex |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+44 870 479 8221
>>> Assessment on World forex <<
Ending with this section, in our opinion Do we believe that the World Forex company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker that mentions being regulated, it is not clear where it really has a base, when looking for reviews about World forex we really did not find any other reviews, which makes us think that it is a broker without a track record. We suggest using caution. ATTENTION: the CNMV (Spanish financial regulator) has added World Forex to its black list of unauthorized brokers.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.