Does World Forex 24 a legitimate broker?
Whatever World Forex 24 claims, it isn’t even regulated. It’s just a fraudulent site with the sole aim of ripping off uninformed investors. It is best to choose a authentic broker and here’s an overview of the ones that are regulated across the UK
As you can see from the above photo, World Forex 24 claims to be located in the USA and is regulated under the Financial Conduct Authority (FCA) in the UK as well as which is the Cyprus Securities and Exchange Commission (CySEC) as well as The FSCA located in South Africa, as well as the DFSA in Dubai. These assertions turned out to be false.
To mislead customers into depositing money through them World Forex 24 obviously offers a variety fake claims. The claims are all false. This is a huge warning sign and a warning that we are dealing with a gang of swindlers who are brutal. If they make up lies about their financial regulations which is the primary aspect to be looking at in any financial service company – they will cover up every aspect of their business. Avoid World Forex 24, if you are concerned about your money.
Another thing to mention here: the broker has also stated that they provide binary options and this kind of trading is banned in the EU as well as the UK from the year 2018. For the US Binary options, trades in the US are only permitted on exchanges with a license to trade.
Can I earn money using World Forex 24?
No. It is not possible to make money using brokers like World Forex 24 that publishes explicit lies on its website due to obvious reasons. They will certainly scam you off and take cash from your. Be sure to use genuine brokers that are licensed in the European Union instead.
In addition to the obvious absence of a legitimate forex license as well as the myriad of fraudulent claims we have already discussed There are more warning signs about World Forex 24. One of them is the absence of legal documents like a the Client Agreement as well as Terms and Conditions of their website, and the other one is the lack of the existence of a real trade platform. However, more details on this are in the next paragraph.
What platforms for trading are offered on World Forex 24?
This isn’t apparent on the website of the broker, however, when we joined World Forex 24, we were confronted with a confusing and disorganized user interface. It’s not a real trading platform, just a variety of charts that do not provide anything other than the quotes of a few third-party companies. The trading feature isn’t even accessible. However, most forex brokers accept MetaTrader4 (MT4) and even some binary options brokers employ it.
What leverage options are offered on World Forex 24?
This is yet another detail that is not available on the World Forex 24’s website. In any event, if you are looking to use greater leverage ratios, take a an examination of established brokers with leverage levels that go as high one:500 and select one of them.
How much is the minimal amount of deposit for World Forex 24?
We’re not sure. However, we wouldn’t recommend trading in World Forex 24 at all If you want to begin small could opt for a old broker which offers micro-trade accounts. The accounts allow you to trade on tiny amounts of your typical lot, so that you do not put a lot in risk.
What payment options are available for purchase at World Forex 24?
The dashboard for clients we visited following registration, with the disclosures we provided, revealed the following: World Forex 24 accepts payments through Bank wire and credit/debit cards. PayPal, Skrill, Neteller, Moneygram, Western Union, G Pay, Express Money and Cash App. For withdrawals, we don’t believe this broker will ever intend to refund any money to you, or even to make any payments. They’ll provide a myriad of excuses and reasons.
| World Forex Summary | |
|---|---|
| World Forex Details | Information |
| Regulators | VFSC |
| Country |  Vanuatu |
| Base Currencies | EUR, USD |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2017 |
| Website Language | English, Chinese, Russian |
| US Clients | |
| World Forex Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.5 |
| Commission | |
| Fixed Spreads | |
| World Forex Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Visa Card, Master Card, Wire transfer |
| World Forex Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| World Forex Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $100 |
| Islamic Account | |
| World Forex Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| World Forex Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +44870479 8221 |
| support@wforex.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Govant Building, Kumul Highway Port Vila, Vanuatu PO BOX 1276 |
