WorldForex
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Open an accountWorld Forex (pronounced “World Forex”) is a broker with 17 years of experience in the market. The company operates in 50 countries and is a member of the Financial Commission, which specializes in resolving disputes in the sphere of financial services on the international currency market. World Forex cooperates with leading developers, implementing modern tools that provide traders with safe and smooth trading. The company is recognized as the best Forex broker for trading digital contracts.
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Account currency
USD, EUR, RUB
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Minimum deposit
from 1 USD
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Leverage
W-Cent, W-Profi, W-Instant: 1:33 - 1:1000; W-ECN: 1:50 - 1:500; W-Crypto: 1:1 - 1:25. The amount depends on the amount of equity on the account
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Spread
W-Cent, W-Profi - fixed from 1.8 p.; W-Instant - fixed from 2 p.; W-ECN - floating from 0.2 p.; W-Crypto - floating from 0 p.
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Instruments
Currency pairs, cryptocurrencies, metals, oil, stocks, digital contracts
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Margin call / Stop out
20% / 5%
Pros
- 100% Deposit Bonus: Every time you deposit into your account, you will receive a bonus of 100% of your deposit amount.
- Compensation of commissions: Depositing commissions are compensated by the company.
- Low entry threshold: The minimum deposit is only $1, making trading affordable for most users.
- Diversity of currency accounts: It is possible to open accounts not only in USD and EUR, but also in RUB.
- Safe account: High interest rates on trader's funds, free conversion and transfer of funds between trading accounts at official bank rates.
- ECN/STP technologies: Execution of transactions using ECN/STP technologies, which helps to avoid conflicts of interest between broker and trader.
- Autotrading capability: Supports autotrading to simplify trading processes.
- Wide choice of deposit and withdrawal systems: A variety of deposit and withdrawal methods.
- Proprietary training course: Developed "Forex Trader's Guide" course that helps users to master the Forex market.
- Trading digital contracts: Ability to trade digital contracts with potential profits of up to 100%.
Minuses
- Lack of a search box on the site: It can be difficult for users to quickly find the information they need.
- No forum for traders' communication: Although it is possible to use MOFT forum, where traders from Ukraine, Russia and CIS countries communicate, the lack of own forum limits the opportunities for internal communication and exchange of experience.
- Slow support responses: When contacting the support team in writing, it can take several hours to respond, which is inconvenient for users who need prompt assistance.
- Limited training section: The training section can be supplemented with video courses and training articles for more comprehensive and convenient training of traders.
Customer geography
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Russia67.51%
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Ukraine15.82%
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Thailand3.15%
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Belarus1.82%
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Uzbekistan1.45%
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Kazakhstan1%
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Brazil0.6%
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Mexico0.22%
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United Arab Emirates0.18%
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Australia0.1%
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Others0.15%
Expert evaluation
During the long-term cooperation World Forex (WForex) has established itself as a reliable MOFT partner. The company sets a low entry threshold, providing the opportunity to work with digital contracts and binary options. WForex also compensates payment system commissions when depositing, which makes cooperation with it especially profitable.
Thanks to attractive conditions, frequent contests and loyalty program, WForex is highly popular among traders and occupies leading positions in ratings of Forex brokers.
The broker creates comfortable conditions for beginners, offering free Forex trading training and a training account for practicing strategies. In addition, traders can work not only via MetaTrader 4 and WebTrader, but also via mobile applications for iPhone/iPad and Android, which provides convenience and flexibility in trading.
These features make WForex an attractive choice for both novice and experienced traders, providing high standards of service and support.
Analysis
Ribeit
MOFT clients who opened an account with World Forex (WForex) through an affiliate link receive a portion of the commission for each trade executed during trading. These compensations are transferred monthly and can be withdrawn without restrictions.
Compensation information
MOFT receives compensation from World Forex in the amount from 1.15 to 26 dollars for Forex trades, and 1-2% of the client’s turnover for binary options. For World Forex traders, compensation can reach up to 80% of the spread.
Calculation example
Let’s consider an example. You trade with the volume of 1 lot per day. For the EUR/USD currency pair, 1 lot is equivalent to 100,000 units of the base currency. The pip cost for 1 lot is 10 USD and the spread starts at 1.8 pips. If you were to trade directly with World Forex, your daily spread costs would be 18 USD.
MOFT receives compensation from the broker in the amount from 1.5 to 26 dollars per lot (on average – 10 dollars), of which 80% is transferred to the trader. Thus, the amount of your compensation will be 10 * 0.8 = 8 dollars. The real cost of a trader working through MOFT will be 10 US dollars.
Try using MOFT services and experience the benefits firsthand!
Trading conditions
WForex broker offers attractive trading conditions that meet the needs of both beginners and professional traders. World Forex strives to provide high quality services, clearly fulfilling its obligations. An additional advantage is the ability to open an account in local currency and work with digital contracts.
WForex uses ECN and STP technologies, offering clients six types of trading accounts, including cent accounts. The minimum deposit for all account types is only 1 US dollar. Clients can choose between accounts with floating spreads starting from 0.0 pips and fixed spreads starting from 1.8 pips.
All account types allow trading with the use of Expert Advisors and autotrading. The amount of leverage varies depending on the amount of equity in the client’s account. The maximum leverage for ECN-accounts is 1:500, for W-CRYPTO – 1:25, and for other types of accounts – 1:1000. There are no swaps on the W-DIGITAL account.
World Forex provides access to the “Trading Signals” service, which allows clients to copy trades of successful traders through the MetaTrader 5 platform. The company also offers a variety of bonuses, promotions and a REBATE CLUB loyalty program with cash rewards. For Islamic traders, cent and professional accounts are available without swap – a commission for position transfer.
Thus, WForex creates comfortable and flexible conditions for trading, providing high standards of customer service and support.
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Trading platform
MT4, WebTrader, мобильный терминал
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Accounts
W-Cent, W-Profi, W-Instant, W-ECN, W-Crypto, W-Digital
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Account currency
USD, EUR, RUB
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Deposit/withdrawal
Банковские карты, интернет-банкинг, платежные терминалы, электронные платежи
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Minimum deposit
От 1 USD
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Leverage
W-Cent, W-Profi, W-Instant: 1:33 — 1:1000; W-ECN: 1:50 — 1:500; W-Crypto: 1:1 — 1:25. Размер зависит от объема собственных средств на счете
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PAMM accounts
нет
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Minimum order
0.01
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Spread
W-Cent, W-Profi — фиксированный от 1,8 п.; W-Instant — фиксированный от 2 п.; W-ECN — плавающий от 0,2 п.; W-Crypto — плавающий от 0
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Instruments
Валютные пары, криптовалюты, металлы, нефть, акции, цифровые контракты
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Margin call / Stop out
20% / 5%
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Mobile trading
есть
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Affiliate program
есть
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Order execution
W-Cent — Instant Execution, Market Execution; W-Profi, W-ECN, W-Crypto — Market Execution; W-Instant — Instant Execution
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Trading features
Отсутствие свопов на исламских счетах; торговля цифровыми контрактами, программа лояльности и бонусов, VPS-сервер
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Contests and bonuses
Бонус +100% при пополнении депозита на сумму от 100 USD; возврат комиссии за пополнение депозита; конкурс на демо-счетах
Commission
MOFT analysts conducted a thorough study of the conditions offered by World Forex broker in order to identify hidden trading and non-trading commissions. The basis for assessing trading commissions was the spread, and withdrawal fees were analyzed to determine non-trading commissions. There is no deposit commission on all types of accounts, and no hidden commissions were detected.
W-Instant and W-ECN accounts have a commission for transferring trades to the next day (swap), while W-Cent and W-Profi accounts are swap free. Thus, World Forex provides transparent and competitive trading conditions without hidden fees, which is confirmed by independent research of MOFT analysts.
Broker Overview
World Forex broker enjoys wide popularity among traders of CIS countries due to its transparent conditions, constant improvement of trading conditions and implementation of modern solutions. The company is a current member of the International Financial Commission, which ensures quick resolution of disputes and insurance reimbursement from the compensation fund.
Advantages and achievements of World Forex
- Wide client base: The broker’s services are used by 350,000 clients from 50 countries.
- Awards: Recognized as the best Forex broker for trading digital contracts in 2015 and the best trading platform of the year by LE FONTI in 2017.
World Forex offers excellent conditions for both active and passive investing. Traders can choose between MetaTrader 4 and WebTrader platforms, and trade metals, cryptocurrencies, currency pairs and digital contracts, allowing them to maximize modern trading opportunities.
Useful services of World Forex
- Events Calendar
- Trading Schedule
- Company news feed with up-to-date information
Instruction for a trader: how to start earning
World Forex offers several account options to suit the different needs of traders. The account currency can be selected from USD, EUR and RUB. Accounts are designed for both forex trading, digital contracts and cryptocurrencies.
Types of accounts
- W-Cent: A cent account suitable for beginners and experienced traders who do not like to take risks. Minimum deposit – 1 USD, fixed spread – from 1.8 pips.
- W-Profi: The most popular type of account designed for professional traders. Available in USD, EUR and national currencies.
- W-Instant: Account with instant execution of orders. Spread – from 2 pips, minimum deposit – 1 US dollar.
- W-ECN: An account for working with a trade execution system that eliminates conflicts of interest between brokers and traders. 35 currency pairs, 4 metals and oil are available. Low spreads.
- W-Crypto: Account for cryptocurrency trading. Leverage – from 1:1 to 1:25, minimum contract step – 0.01 coin.
- W-Digital: An account for working with digital contracts. Minimum deposit – 1 USD, maximum investment – 300 USD.
Before starting real trading, it is recommended to open a demo account to practice strategies without financial risks.
World Forex takes care of traders, providing tools and opportunities to develop their professional skills.
World Forex bonuses and loyalty programs
- Bonus +100%: For each deposit of $100 or more.
- Refund of deposit commission.
- WForex Rebate Club: Cashback up to $12 for 1 lot.
- Contest for demo accounts: Opportunity to win up to 1400 USD.
World Forex provides its clients with all the necessary tools for successful trading, making it convenient and profitable.
Advantages
- Ability to work with digital contracts: Clients can trade digital contracts, which opens up additional profit opportunities.
- Autotrading Service: Autotrading support allows traders to automate their trading strategies and save time.
- Availability of VPS-hosting: The broker provides VPS-hosting to ensure stable operation of trading platforms and execution of orders without delays.
- Licensing of order execution: Orders are executed in accordance with licensed standards to ensure their accuracy and reliability.
- Availability of Islamic accounts: Swap-free accounts are available for Islamic traders, which complies with Shariah requirements.
- Weekend Withdrawals: Clients can withdraw funds not only on weekdays but also on weekends, ensuring uninterrupted access to their funds.
WorldForex personal account overview
To start working with World Forex broker you need to register in the system and set up your personal cabinet. The registration procedure takes only a few minutes.
1. Logging in:
- Go to the broker’s home page and click the “Sign In” button.
2. Authorization:
- To authorize, choose one of the suggested methods or register by providing an up-to-date e-mail address and password.
Personal account features:
- In the World Forex personal cabinet a trader can access all the information related to his activity. Through the personal cabinet it is possible to:
- Open trading accounts.
- Track the history of deposit and transfer of funds.
- Open a personal account from which you can instantly transfer funds to various trading accounts.
- Track bonuses.
Additional features and services:
- Quotes of major currencies and metals.
- Latest market reviews and company news.
- Partner’s cabinet and other useful functions.
World Forex Personal Cabinet provides all necessary tools for convenient and efficient management of trading operations and accounting.
Answers to questions
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How to register and open a trading account with WorldForex
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What types of trading accounts does WorldForex offer and how to choose the right one
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What deposit and withdrawal methods are available at WorldForex
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Does WorldForex provide support for auto-trading and the use of trading advisors
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What bonuses and loyalty programs does WorldForex offer to its clients