On-line since: About the company: WesternFX is a forex broker that offers trading services through the MetaTrader 4 and MT4 Mobile. Company. Funds safety WesternFX has its headquarters in an offshore zone, Saint Vincent and the Grenadines, and is regulated by a local supervisor. Offshore regulators, with a few exceptions, have very loose requirements. That is why it can be very risky to invest large sums in such companies. First, many of these companies are fraudulent. Second, client funds are hardly protected; in case of bankruptcy, no one will return money to clients. Trading platform WesternFX provides its clients with desktop and mobile versions of the most popular trading platform – MetaTrader 4. For over 10 years of its existence, MT4 has become the most welcomed platform between brokers and traders. The user-friendly interface has multiple functions. Besides, the platform supports third-party extensions, several order types, and automated trading. It also offers many charting and analytical instruments. MT4 allows account management. Trading conditions WesternFX has five types of trading accounts as well as the PAMM and free demo accounts. The broker’s asset kit includes currency pairs (majors, minors, and several exotic pairs), silver, gold, natural gas, CFDs on oil, indices, and shares. Promotions The broker runs different campaigns and trading contests for its clients. There is the 4-year anniversary Bonus Program as well as the 20% Rescue Bonus. Payment options WesternFX accepts standard payment methods. The broker receives deposits through bank wire, bank cards, and e-wallets: China Union Pay, Neteller, Perfect Money, FasaPay, and Payza. Advantages:
Disadvantages:
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WesternFX is a reliable trading broker for me so far. I can run my trade with a few investments of $25 in an account and I have found many bonus promotions at WesternFX. Also, my order is executed instantly in a live chat and I can use advanced tools and indicators. They have a free learning course too, so I can develop my trading skill by joining their course. I am totally satisfied with WesternFX's services.
WesternFX is an awful broker, with a slow server and it is very impossible to make profits with them. This was my worst experience with forex trading with this broker. During hot market time terminal could be easily disconnected. Constant requotes, server freezing, invalid price, and fake low spread - that's what I get from this broker.
A couple of months ago, I had been demo trading at WesternFX. It was a huge help for me because it allowed me to practice my trading skills and be fully familiar with how the system works. Now, that I am trading for real, I am not intimidated by the market anymore and the experience is quite the same, except for the involvement of real money.
The platform they provided works with instant execution and real time quotes so in my every trading. I haven't faced any type of problem. Spreads stayed fixed, stops were not hunted. They provided good leverage: 1:100 – 1:500 and make me got almost 45% profit in my every trading process. Besides, their always gives best execution that done very quickly and accurately. 2 days ago, I earned profit with $755 then I deposited $250 for trading.
Several times, I had tried WesternFX platform but they have failed to give me a reliable execution in the market. my experience is too bad, especially their platform is bogus and they didn't payment my profit. Last time I have found out their spot chart, which is different from the current market and my prices going to opposite direction too. When I have contacted their support, they are inactive or didn't respond. So I am thinking WesternFX broker are unprofessional.
I started an account with WesternFX about six months ago and so far, my trading activities are going smoothly. I appreciate that my trades are executed instantly and that the trading spreads are low. I can say that I am earning better than I expected and this is all thanks to the conducive trading environment of this broker.
Nice broker
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