✔️ Information reviewed and updated in April 2024 by Eduardo López
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.
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
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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↓ ↓ ↓ Traders and users score
I have some acquaintances investing with them, I'm afraid, I don't want to lose my savings or be scammed. do you have information? Thank you so much!.
Hello Asher, WesternFX is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.
They create many positive comments about themselves that are LIES! They want to confuse investors and pretend to be a legal company but it is all LIES! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.