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WForex.com (.ru)
WForex.com (.ru) is a well-established forex broker that provides a range of investment and trading options for individuals. With their MT4 forex trading platform, WForex.com offers over 50 forex currency pairs, as well as CFDs, metals, oil, bitcoin, and other cryptocurrencies. The company, established in 2007, operates under the BVI Business Companies Act and is located in Tortola, Virgin Islands, British. They are regulated by FC # and have regional offices in various locations. WForex.com offers a variety of trading platforms, including MT4, WebTrader, and FX Lite BO. Their web and mobile trading options allow users to conveniently access their accounts from anywhere. With an ECN option available, traders can benefit from direct market access and competitive pricing. In terms of trading instruments, WForex.com offers a wide range of options. They provide trading in over 50 currencies, including cryptocurrencies like Bitcoin, Litecoin, and Ethereum. Additionally, they offer CFDs on gold, silver, other precious metals, stocks, oil, and other commodities. Traders can take advantage of favorable trading conditions, including the use of EAs/robots, news trading, and scalping. WForex.com also provides managed accounts and social trading options for those who prefer a more hands-off approach. When it comes to deposits and withdrawals, WForex.com accepts various methods, including VISA, MasterCard, Bitcoin, Dash, local bank transfers, OKPAY, Qiwi, WebMoney, Yandex Money, and Zpayment. Overall, WForex.com is a reputable forex broker that offers a comprehensive range of trading options and convenient platforms for traders of all levels.
WForex is a forex broker that offers a wide range of trading options for investors. With its user-friendly interface and advanced features, WForex.com has become a top choice for traders looking to enter the forex market. This review will provide an overview of the broker, including its trading platforms, available instruments, trading conditions, and deposit/withdrawal methods.
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 1000:1
- Minimum to Open Live Account: $1
- Established: 2007
- Address: BVI Business Companies Act, 2004. BVI, R.G. Hodge Plaza 3rd Floor, Road Town, Tortola, Virgin Islands, British
- Contact: support@wforex.com, 7 495 266 60 77
- Regional Offices:
- Regulators: FC #
- Prohibited Countries:
- Trading Platforms: MT4, WebTrader, FX Lite BO
- Web Trading: ✓ Yes
- Mobile Trading: ✓ Yes
- ECN: ✓ Yes
- Currencies: Trading Instruments (50 )
- Cryptocurrencies: (15 ) Bitcoin, Litecoin, Ethereum
- CFD: (50 ) Gold, Silver, Other Precious Metals, Stocks, Oil, Other Commodities
- Trading Conditions:
- EAs/Robots: ✓ Yes
- News Trading: ✓ Yes
- Scalping: ✓ Yes
- Managed Accounts & Social Trading:
- Deposit Methods: VISA, MasterCard, Bitcoin, Dash, Local Bank Transfers, OKPAY, Qiwi, WebMoney, Yandex Money, Zpayment (Z-payment)
- Withdrawal Methods: VISA, MasterCard, Bitcoin, Dash, Local Bank Transfers, OKPAY, Qiwi, WebMoney, Yandex Money, Zpayment (Z-payment)
Pros and Cons
Pros:
- Wide range of trading instruments, including currency pairs, CFDs, metals, oil, and cryptocurrencies
- User-friendly trading platforms, including MT4, WebTrader, and FX Lite BO
- High leverage of up to 1000:1
- Low minimum trade size and minimum deposit requirement
- Availability of EAs/Robots for automated trading
- Allows news trading and scalping
- Multiple deposit and withdrawal methods, including popular cryptocurrencies
Cons:
- No information provided about regional offices or prohibited countries
- Limited information available about the regulatory status
Scammer or Not
Based on the available information, there is no evidence to suggest that WForex.com is a scam. However, it is always recommended to conduct thorough research and exercise caution when dealing with any forex broker.
Safety Check
While WForex.com offers a range of trading options, it is important to consider the safety and security of funds. Traders should ensure that the broker has proper regulatory oversight and implements robust security measures to protect client funds and personal information.
FAQ
Q: Can I trade cryptocurrencies on WForex.com?
A: Yes, WForex.com offers a variety of cryptocurrencies for trading, including Bitcoin, Litecoin, and Ethereum.
Q: What trading platforms are available on WForex.com?
A: WForex.com provides traders with the popular MT4 platform, as well as WebTrader and FX Lite BO platforms.
Q: What is the minimum deposit requirement to open a live account?
A: The minimum deposit requirement on WForex.com is $1, making it accessible for traders of all levels.
Q: Can I use automated trading systems on WForex.com?
A: Yes, WForex.com allows the use of EAs/Robots for automated trading.
Q: What deposit and withdrawal methods are available on WForex.com?
A: WForex.com supports various deposit and withdrawal methods, including VISA, MasterCard, Bitcoin, Dash, local bank transfers, OKPAY, Qiwi, WebMoney, Yandex Money, and Zpayment (Z-payment).
If you have any personal experience or feedback about working with WForex.com, you can share it on the forexroboteasy.com website.
Please note that this review is independent and does not contain any personal recommendations or conclusions. It is solely based on the information provided for the assignment.
forexroboteasy.com
Forex trading is a complex world. It wouldn't make sense to venture into it without a reliable, efficient, and transparent broker like WForex.com by your side. This digital trading platform prides itself on its smooth execution. Yet beneath the shining veneer, there lurks an alarming concern for scalping traders that we're diving into today. WForex.com is not without its merits. Their remarkable execution speed recorded in our transactions manifests their commitment to providing a seamless trading experience. Quicker trade execution reduces slippage, ensuring that you're likely to trade at the price you want. However, something unnecessarily shocking has emerged in our review about this forex broker. Their seemingly favorable approach unwraps a conundrum if you're a trader with a penchant for scalping. Scalping, an effective day trading strategy, allows you to make profits from tiny price changes. It's an appealing way to beat the market. When pitted against WForex.com, however, this technique pierces an unexpected sore spot. Our encounter reveals a perplexing twist —this platform may nullify your profits, all under specific circumstances. This swift "robbing Peter to pay Paul" act happens a tad too swiftly, a practice that could potentially deter scalping traders. We bequeath our kudos to WForex.com for their uncompromised commitment to efficient trade execution. Still, their imposing conditions for scalping traders puncture their shiny armor. Scalping relies on tiny, rapid trades for profits. If such gains are threatened, it leaves one to question - can this platform really cater to all trading strategies? This exploration, therefore, prompts forex enthusiasts to weigh their options before plunging into the market. If you're a scalper, are the swift executions worth the trade-off of profit retention? This review leaves you to ponder that crucial question. Stay tuned in our ongoing series to discover more about the intriguing yet perplexing world of forex trading and the performance measurements of various brokers like WForex.com. Ultimately, it's your trading experience that matters. Making well-informed decisions is one step closer to ensuring that experience is a positive one.
1 review
When it comes to trading range and precision, WForex.com certainly catches the eye of the discerning trader, particularly with their razor-sharp execution speeds. However, the allure of fast-paced trading could arguably become a double-edged sword if your chosen strategy revolves around scalping. Scalping, a trading style that specializes in profiting off small price changes, is a strategy favored by many due to its potential for quick gains. However, with WForex.com, traders need to brace themselves for an unexpected twist. While the platform facilitates your scalping trades with impeccable execution, it appears to have a 'catch' that could potentially blot your profit canvas. In an unwelcome surprise for investors, WForex has an unconventional policy in place. Regardless of your trading skill or the scalping strategies you employ, your profit might end up being nothing more than a mirage in the desert of trading. Astonishingly, all your earnings could be wiped clean if you have been utilizing a scalping strategy. This unexpected hurdle certainly takes some sheen away from what would otherwise have been a gratifying trading experience at WForex. The challenge it poses becomes even more glaring when you realize that having your profit striped can be discouraging, especially for those who rely on scalping for returns. Nonetheless, if you are a trader who values excellent execution over other aspects of trading, there's still plenty to appreciate about WForex. But for those who consider scalping as their tool for reaping profits in the trading universe, this platform may spring up some unwelcome surprises. In conclusion, WForex offers an intriguing mix of features that could delight and disappoint in equal measures depending upon your trading style. A heads-up to all scalping enthusiasts, tread cautiously in this realm, as you might need to decode the mystery of disappearing profits.
In the bustling and dynamic world of forex trading, different tier brokers strive to offer the absolute best service to their patrons. WForex inevitably crafts the headlines amongst such entities, demonstrating an impressive performance in trade execution. Unfortunately, what could have soared as a potential contender in this competitive market falls short due to some restrictive policies tied to profit scalping. WForex manifests its promise with commendable trade execution. The immediacy and precision with which transactions are carried out echo superior adeptness. An exemplary alliance of technicality and competent risk management, they make significant strides in the right direction by delivering real-time accuracy to their traders. This nearly flawless execution has won them accolades that are hard to overlook and stakes that a distinct place within the trading fraternity. Yet, like a captivating narrative disrupted by an unexpectedly bitter climax, WForex unfolds a different story with its approach to scalping. This popular trading method, which seeks to profit from minor price changes, can reap substantial rewards for the savvy investor. Regrettably, WForex has a stringent policy that deprives scalping traders of their profits. The crux of this issue lies in WForex's policy of removing all profits made through scalping. This move can leave traders feeling frustrated and constrained, as the prospect of obtaining significant gains through a legitimate, well-recognized market strategy is ruthlessly dashed. It's a harsh disincentive and casts a cloud over the organization's otherwise sterling reputation. In conclusion, while WForex shines brilliantly with its superior execution, it's partially eclipsed by its stringent scalping provision. Prospective traders and clients must tread carefully, keenly assessing whether the advantage of accurate execution outweighs the drawback of profit scalping restriction.