WForex

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

Credibility

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

Pros

• 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

Cons

• 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?