WorldForex Review Is A Legit Or Scam Broker

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WorldForex Review: Is A Legit Or Scam Broker?

WorldForex Review: This is a forex broker with an offshore background according to Is WorldForex a trusted broker or a scam?

The address gotten from the page places it at three different locations with the main one being at:

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World Forex Corp. Hodge Plaza, third Floor, Road Town, Tortola, British Virgin Islands.

Other addresses are at Saint Vincent and the Grenadines and Vanuatu, Republic of Vanuatu. All are offshore locations and it claims to be registered and licensed in all this places.

WorldForex was founded in 2007 and claims to offer up to 50 currencies pairs and CFDs on many other tradable assets.

WorldForex Trading Platform

World Forex Broker mentions that clients get to use the MetaTrader 4 platform for their trades.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

WorldForex claims to have a fixed spread of 1.25 pips which is encouraging as the industry average is 1.5 pips or lower. A leverage of up to 1:500 is also allowed, this is again an advantage for this broker.

Trading products are diverse and some named are 52 currency pairs, precious metals, Brent and WTI oil, CFD on American shares and cryptocurrencies.

Deposit and Withdrawal Methods on WorldForex

The broker allows payments and withdrawals via Visa, MasterCard, Bitcoin, and Dash.

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Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is so for WorldForex and this is a good sign.

Minimum deposit requirements are tagged at $1 for all account types. There is also an offer of 100% deposit bonus if clients invest $100 or above. Withdrawals are said to be easy and safe and as quick as 30 minutes. 0% commissions apply for payments.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is WorldForex Licensed?

No. WorldForex is not a regulated broker. Although it claims to be licensed in the three locations mentioned above, these offshore locations do not regulate brokers.

This kind of brokerages are not under the jurisdiction of any legit commission. They are therefore under no mandate to play fair.


There is no mention of how clients are to contact the customer care agents of this broker.


WorldForex gives god spreads and a minimum requirement that is readily affordable. The information on the site seems professional except the lack of contact details. It also lacks a demo account and it is an offshore broker holding no legit license.



Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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Name WForex
Founded 2004
Legal Entity WForex
Turnover 80%
Minimum deposit $1
Bonus 50%
Full Address British Virgin Islands, Road-Town, 3rd Floor, Geneva Place, Waterfront Drive
Phone +7 495 669-32-73
Regulation BVI Business Companies Act
E-mail [email protected]
Visit Broker

Opening a new account at Wforex is very straightforward. We started by registering for a demo account, a process which took us a few minutes.

After acquainting ourselves with Wforex trading platform, we seamlessly moved our activities to a live account to experience the offerings of the broker first-hand.

WForex Trading Platforms

WForex offers feature-rich trading platforms to cater for the various needs of traders. You can trade binary options on WForex WebTrader platform, MetaTrader 4 terminal, or the mobile trading platform. Importantly, the trading platforms have been designed to enable traders access the best conditions for making profitable trading decisions.

The trading platforms have a wide range of financial instruments so that traders can comfortable choose the assets that resonate well with their trading style and preferences.

The types of binary options available on the broker’s platforms are European options and American options with expiry periods ranging from one minute to seven days. You can earn up to 100% payout profit on American options and 85% payout profit on Eurooptions.

Deposits and Withdrawals

WorldForex offers various reliable and secure deposit and withdrawal options to customers. You can use debit/master cards, various electronic payment methods, or wire transfer for making your deposits and receiving your withdrawals.

Worth mentioning, the broker does not take any commissions and your money will be 100% intact, whether you are making a transfer to your trading account or requesting for a withdrawal. And, the process of withdrawing funds is normally completed within 30 minutes.

You can make a deposit of as low as $1 in U.S. dollars, euro, Ukrainian hryvnia, or Russian rubles and start trading straightaway. Furthermore, you will receive a deposit bonus of up to 50% anytime you replenish your account.

Types of Accounts

World Forex offers tailored account types, all with highly competitive and robust trading conditions, to suit the varying requirements of different traders, from beginner, intermediate, to more experienced traders.

Here are the main types of accounts World Forex offers for binary options trading:

  • W-PROFI Account—offers forex options
  • W-OPTION – offers American and European options


During our World Forex broker review, we did not find any proof that water down its credibility. World Forex is the brand name of Existrade Company, which is licensed and regulated by Vanuatu Financial Services Commission (VFSC) under registration number No. 300236.

Furthermore, we scoured different online forums and websites and failed to get any significant indications of the broker’s unfair practices, if any. Therefore, we can confidently affirm that World Forex is not a scam broker.

Nonetheless, we realized that the broker lacks sufficient regulation to operate in some countries in the world, such as the U.S.

Customer Service

Our assessment of World Forex revealed that it offers excellent, round-the-clock customer support in English, Russian, and Ukrainian. In case of any issues, you can contact the broker’s helpful customer support department through email, phone, or live chat.

In addition, after opening an account, the broker will allocate you an account manager to ensure you remain successful in your binary options trading.

Pros and Cons

  • Easy, quick account opening process
  • Low minimum deposit requirements
  • Different accounts in different currencies
  • Innovative, user-friendly trading platforms
  • Free demo account
  • Secure, efficient, and popular payment options
  • Supportive, friendly customer support
  • High payouts
  • Operates under regulatory conditions
  • U.S. traders not allowed
  • Has not received regulation from other notable authorities like CySEC

World Forex, launched in 2007, is a reputable broker known to provide secure, fast, and efficient conditions for trading both in the forex market and in the binary options market.

Particularly, we are impressed by the broker’s simple approach to trading and commitment to offering top-notch trading conditions, which could be the main reasons why more than 100,000 trust it for binary options trading. Why shouldn’t you trust it, then?

Range of Services

Your Rating

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Few months ago, i invested about $36,000 into this binary option platform with the aim of diversifying my trading portfolio. However, with my strict habits of growing my account 300% before taking profits, i never attempted any withdrawals, not until two months ago when i tried to withdraw but all effort was in vain. I called the account manager and explained the situation, he told me i would be able to withdraw after 4 working days which sounded shady to be very honest. 4days went by, still no withdrawals, i tried reaching out to the manager and customer service line but non of them were reachable till this moment. I shared my experience with my colleague at work, he introduced me to an International Recovery Firm (WWW.RECOVERYEMPIRE.COM). These people saved me and I had my claims after 6working days. Their professionalism was top notch.

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