Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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WesternFX reviews

6/10 (votes 2374)

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On-line since: 2013
Country of origin: Canada
Regulation: FSA
Payment options: bank transfer, credit cards, UnionPay, Neteller, Payza, and Perfect Money
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:100
Spreads: floating

WesternFX is a reputable forex broker serving both individual and corporate clients. The broker offers its customers several types of accounts, including STP and ECN accounts. The company was established in 2013 by a group of professional traders who wanted to minimize some of the shortcomings existing in the trading industry. The broker is regulated by the Financial Services Authority of St.Vincent and the Grenadines.

Trading conditions

WesternFX offers a wide range of account types that serve as a perfect trading tool for working in international financial markets. All accounts ensure an effective trading environment and are designed to exclusively meet the needs of all clients. There are five different types of accounts available at WesternFX: Prime, Standard, VIP, ECN, and Zero Spread account. The leverage is set within the industry standards at 1:100. However, the leverage may change depending on the type of trading instruments or trade size. To open an account, customers should submit an application. The minimum deposit is $25.

The broker provides bonuses and rewards for participating in promotions and contests for demo accounts. The company’s website features analytics, an economic calendar, and other tools that help monitor the market.

Trading platforms

WesternFX provides its clients with desktop and mobile versions of the most popular trading platform MetaTrader 5.

Customer support

The customer support service at WesternFX is available round-the-clock and can be reached through Skype, live chat, or a callback form. On the Customer Support page, you can find the phone number, email, and the company’s official address.

Deposit and withdrawal of funds

You can withdraw or deposit funds on a trading account through bank wire, credit cards, and e-wallets such as UnionPay, Neteller, Payza, and Perfect Money.

Traders’ reviews

No traders’ feedback was found online.

Advantages and disadvantages

Advantages:

regulated broker
wide selection of trading instruments
advanced trading platform
affordable minimum deposit
$2,000 bonus for opening new account

Disadvantages:

no feedback available

Conclusion

WesternFX provides individual and corporate clients with direct access to trading precious metals, CFDs, and FX spot. WesternFX is a well-established forex broker that offers its customers a comprehensive range of trading options and favorable trading conditions.

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Comments about broker

Joo E trader

review WesternFX

15-08-22

They aren’t helpful at all and they also don’t provide bigger leverage. I once thought that this broker was very safe for me, and they were very enthusiastic about their clients. But after these 3 months, I always pay attention to some things that can make my trading a mess. And I also ask my brothers, they will gradually eliminate your money. Instead of losing my money, I must stop before I lose. I should have listened to the advice of my brother. But I have already experienced a huge loss. They are very cunning in playing my trading. In addition, Western Fx offered high spreads, slow executions, unstable trading platform, and delayed withdrawal system. And in the end I lost $650.

Deasy trader

review WesternFX

03-11-21

Been hoping for the last 3 months, they will improve, but its getting much worse now. Customer service was unable to help tp fix this problem as they keep diverging the topic away from them, telling me its my fault. Some strategies and market analysis that My charts freeze a lot of times, and it takes so long when I try to enter at market price. Western Fx used were not relevant with the real forex market so as makes me wrong in taking the step and suffered hefty losses. Nothing works normally on this broker's , everything is problematic and does not run smoothly.

Eloiza trader

review WesternFX

02-08-21

I can trade any asset at WesternFX because they have an abundant selection of trading instruments. Also, their platform has a great interface so the trading activities are done conveniently. As of now, I already made more than a hundred dollar of profits at this broker.

Joseph trader

review WesternFX

20-05-21

WesternFX is the first-class broker in the market I have ever seen, As my orders are executed within a moment and I can use a lot of tools in the popular MT4 platform. so here all of my deals are positive with no slippage. As a scalper, the trading environment in my favour, Beside WesternFX's signals are highly reliable, so I can easily decide to make a profitable trade. which make me proud to be a trader with WesternFX. Last two years I have been enjoyed this super-fast execution of MT4platforms with Mobile traders too. Besides Here I have customized an EA for scalping too, which gave me a profit of $259 So WesternFX are reliable to me so far.

Marvin trader

review WesternFX

10-02-21

They help is a bit slow and sometimes answer for more then an hour and don't work on weekends. I do not recommend them because I think good broker not only which set nice spreads from 0.1 pips, minimum lot size: 0.01 and minimum account size only $25, but also provide good service and support for their client. They adjusted my earnings. When I asked them an explanation, the staff accused me that I employed a prohibited trading strategy. I didn't use any method that could endanger my account and ruin my trading plan. I decided to leave and withdraw the funds left in my account.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

WesternFX reviews

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