FOREX

WorldForex Review: Is wforex.com A Legit Or Scam Broker?

WorldForex Review: This is a forex broker with an offshore background according to wforex.com. 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:

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

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.

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.

Support

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

Conclusion

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.

 

COMPARE WITH A TRUSTED BROKER

Fortrade

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

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

To recover your money from Scam Forex, Binary Options and Cryptocurrency brokerage or signals. Fill the form below to get help

powered by Typeform
Summary
Review Date
Reviewed Item
WorldForex
Author Rating
11stargraygraygraygray
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
error: Content is protected !!