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WesternFX

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4.4
(15 Reviews)

Founded: 2013 Min Deposit: 25 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 500

Risk Level I

WesternFX is only registered with SVG FSA, but SVG FSA does not regulate forex trading. CNMV adds it to warning list.

Score
Business Scope
0.0
Trading Cost
4.7
Trading Platforms
4.7
Support
4.3
Licence Status
SVG FSA 21937-IBC
Registered
Contact
+1 6467367401
support@westernfx.com
https://www.westernfx.com/
Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Deposit and Withdrawal

5.0

Score

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Company and Service

--

Score

Profile
Headquarters Address
Western Group Inc. Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Founded 2013
Broker Type
STP
Time Zone GMT+2,GMT+3
Credit Profile No information
Trading Platforms
MT5
Mac,  Windows,  iOS,  Android
Contact
No Data
Others
Website Language
Chinese,  English
Customer Service By
Phone,  Email,  Live Chat,  CallBack,  Web Form,  Facebook,  Twitter,  Instagram,  LinkedIn,  Youtube,  Skype,  Pinterest
Supported Language
English

Related Complaints

Q&A

I want to know whether Westernfx is regulated or not. Thank you!

ellieF
Haiti
2022-11-13
ANSWER WesternFX is not a licensed or regulated broker even though it states offers that look good to be true. WesternFX claims it is a trading name of Western Group Inc, a company regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with company number 21937 IBC. We indeed find a match result to Western Group Inc in SVG FSA. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. We keep on reminding traders to be wary of offshore brokers in SVG as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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Overall Score

4.4
15 Reviews

Cost 4.7

Platforms 4.7

Deposit & Withdrawal 5.0

Customer Support 4.3

Indicates the average level of Brokers

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15 Reviews Clear filter

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Muhammed Hussain
0-6 months ECN Account Angola
The withdrawal process with WesternFX was far from smooth. It took longer than expected, and the verification requirements were overly stringent, making it a cumbersome experience
2023-09-13
Reply
Faycal Mecnally
South Africa
WesternFX is registered in Saint Vincent and the Grenadines and does not have any regulatory license. I doubt the legitimacy of this company, so I will not invest here.
2023-09-06
Reply
Roger Alon
India
They Are Always Running After My SL.Creat fake candle and don't want to hit my tp.I hate this broker.I want to say people that don't stay with this broker.
2023-09-01
Reply
Piotr Skoury
1-3 years Standard Account Cambodia
I've been with WesternFX for two years now, and their fast execution and low spreads have been a game-changer for my trading. Their customer support team is responsive and has helped me navigate the markets effectively.
2023-08-31
Reply
John Yartsev
Japan
I did withdrawal of my deposit after few days of trading twice in a month for same amount. They send automated response it will be processed. Then nothing happens. They are scammers and no one should open account with them.
2023-08-29
Reply
John Joseph Jellicoe
1-3 years ECN Account Macedonia
WesternFX's MetaTrader platform is robust and easy to use. Their range of trading tools and analysis resources have given me a competitive edge, and I've seen consistent profits in my trades.
2023-08-28
Reply
FANCY USMAN
0-6 months ECN Account Marshall Islands
I appreciate WesternFX's transparency when it comes to fees and spreads. There are no hidden charges, and their real-time market data helps me make informed decisions. The withdrawal process is straightforward and hassle-free.
2023-08-24
Reply
Eva haishuang Kardilis
0-6 months Standard Account Angola
The educational webinars offered by WesternFX are informative and have improved my trading skills. The availability of a demo account allowed me to practice without risking real funds, which was essential as a beginner.
2023-08-21
Reply
newstyle
0-6 months VIP Account Singapore
A scam broker.They Are Always Running After My SL.Creat fake candle and don't want to hit my tp.I hate this broker. I want to tell people that don't stay with this broker.
2023-06-22
Reply
GinnyHoney
0-6 months Standard Account Bangladesh
westernfx is scam broker.... After profiting they disabled my account and do not pay my balance...
2023-06-22
Reply

1-10 of 15 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.