WesternFX opinion

Opinions and information about the WesternFX broker

 

¿It is the really reliable WesternFX broker (aka westernfx.com)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.

Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.

The WesternFX broker is a broker of: CFDs and Forex.

The broker mentions to be part of: Western Group Inc.

WesternFX is based in: Saint Vincent and the Grenadines.

If we talk about regulation, WesternFX is: they mention being regulated by the regulatory body of Saint Vincent and the Grenadines although in our opinion this regulation is equal to not having any regulation, we consider WesternFX as an unregulated broker.

WesternFX website
WesternFX website

 

We will continue to analyze the different account types that WesternFX offers. In the case of WesternFX we note that they have 5 different plans or types of account: Standard Account, Prime Account, VIP Account, ECN Account and Zero Spread Account.

Standard Account- $ 25 minimum initial deposit, up to 1: 500 leverage, fifth decimal place, bonus.

Prime Account- Minimum initial deposit of $ 10.000, leverage up to 1: 500, fifth decimal place, bonus, personal account manager.

VIP account- Minimum initial deposit of $ 20.000, leverage up to 1: 100, fifth decimal place, personal account manager, with commission.

ECN account- $ 250 minimum initial deposit, up to 1: 100 leverage, fifth decimal place, commissioned.

Zero Spread Account- $ 500 minimum initial deposit, up to 1: 100 leverage, personal account manager, fifth decimal place, commissioned.

 

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The trading platforms used are: the MT5 platform.

Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: some explanations of the products that WesternFX offers, frequently asked questions, live charts, explanation of basic principles of the world of trading. investments, educational sections, trader calculator, really not much else.

 

WesternFX Features

 

 

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Additional information about the company

 

Phone number: +1-646-755-9665, +1-646-736-7401

E-mail: [email protected], [email protected] and westernfx (Skype)

Website: westernfx.com

Clarification: The WesternFX investment company works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.

* Bonuses or promotions: None by the moment
 

 

WesternFX valuation

Caution: unregulated broker

With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.

Why? It is a regulated broker but in Saint Vincent and the Grenadines, which in our opinion is the same as not having any regulation, it is based in unsafe countries, when looking for information and other evaluations about WesternFX we could not find any other review, which makes us think that it is a "new" company. 

May 2020 update: CNMV, Spanish financial regulator, has Reported to WesternFX for fraudulent activities

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