WesternFX Review
💲 Min Deposit $25
⌛ Year Established 2013
💼 Regulation
🌐 Website www.westernfx.com
🌎 Country
⚖ Max Leverage 1:500
💰 Bonuses
👨💻 PAMM
🏆 Trading contests
📁 Segregated accounts
📈 Managed accounts
📖 Free education
WesternFX is a well-established broker since 2013. WesternFX has a headquarter in St. Vincent & Grenadines. WesternFX to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by SVGFSA 21937.
Account Information
Apart from the forex demo account, this broker offers Standard, Prime, ECN and Zero Spread. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by WesternFX is up to 1: 500. Meanwhile, you can open an account with a starting capital of $25.
Min Deposit
$25
Max Leverage
1:500
Spread
Variable
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $25
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, WesternFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, WesternFX specifically provides it with the following instruments and leverage:
💲 Min Deposit $10000
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, WesternFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Prime account, WesternFX specifically provides it with the following instruments and leverage:
💲 Min Deposit $250
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, WesternFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, WesternFX specifically provides it with the following instruments and leverage:
Forex
1:100
Gold & silver
1:100
💲 Min Deposit $500
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, WesternFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Zero Spread account, WesternFX specifically provides it with the following instruments and leverage:
Forex
1:100
Gold & silver
1:100
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
WesternFX also provides payment with UnionPay, Perfect Money, Payza, Litecoin, Ethereum, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, WesternFX offers you MetaTrader 5.
Customer Support
Do you have any question or find any trouble related to WesternFX? If you do, you should reach WesternFX's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About WesternFX
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if WesternFX is a good broker for you or not by reviewing the criteria. In general, WesternFX provides trading service in Forex , Gold & silver , CFD and Oil . As for the payment methods, you can choose between Wire transfer, Credit/debit cards, Neteller, Payza, UnionPay, Perfect Money, FasaPay, Crypto, Litecoin and Ethereum. The customer support is available via Email, Web form, Phone, Callback, Live chat, Office and Skype.
The starting capital in WesternFX is $$25.
WesternFX is regulated by SVGFSA 21937. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
WesternFX is a brokerage company offering trading services for clients since 2013 with offices in St. Vincent & Grenadines.
