WesternFX Review: Rating, Fees, Withdrawal Experience and Customer Feedback

WesternFX is only registered with SVG FSA, but SVG FSA does not regulate forex trading. It can be lost so it can actually protect accounts from Margin Calls and Stop Outs during drawdown periods.c. The spreads are variable (also known as floating) so this means that when the markets are being volatile, the spreads will often be seen higher. It is also important to note that different instruments and assets have different starting spreads, so while EURUSD may start at 1.4 pips, other assets like GBPJPY may start slightly higher. The Standard and Prime accounts do not have any added commissions as they use a spread based system that we will look into later in this review. The VIP, ECN and Zero Spread accounts have an added commission for each trade.

Trade

The platform supports several currencies and offers 100+ trading markets. FXOpen is an ECN forex broker offering a range of CFD instruments using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. WesternFX offers our customers some of the best trading conditions available. Our clients have free access to a variety of trading instruments and state-of-the art information technology and software products from leading companies, such as the popular MetaTrader 5.

Trade with an award-winning, fully registered and globally-renowned Forex broker!

Along with Forex, we also offer services and solutions for CFD trading, stock trading, online trading, share trading and futures trading. WesternFX is an established Global STP forex broker serving both individual and corporate clients around the globe. We offer all of our customers a comprehensive range of trading options specializing in FX and CFDs (Contracts For Difference), precious metals, energy and indices. WesternFX’s technical support, and consulting services, with the goal of making the trading process efficient, hassle-free, and above all highly profitable for you.

There are a few analysis and information sections of the site, however, these have not been updated since 2014 so it appears that they are no longer active in their analysis, there are also a couple of calculators to help you work out trade sizes. There are no added fees for deposits from WesternFX, however, you should check with the bank or processor that you are using to see if they add any fees of their own. Start trading on your live account and access choice of your instruments.

Powerful Trading Terminals

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.

It will increase trading flexibility and easier to find the western group server in the android and iOS version ofmobile trading app. Support team is working hard to keep the trading environment safe and faster execution.For any further information please email us at Both WesternFx Standard and Raw Spread accounts are available on the MetaTrader  trading platform.

The WesternFX is composed of highly qualified specialists chosen from applicants all over the world. We combine the best trading options and outstanding customer service to create a holistic trading environment where our clients can achieve their goals to the maximum effect. Immediately before the open, the Trading Desk refreshes the rates to reflect current market pricing. At this time, trades and orders held over the weekend are subject to execution. Any new quotes made during this time are not executable for market orders.

Educational & Trading Tools

• These thinner markets may result in wider spreads and may increase the likelihood of orders being filled at a different price than the requested price, as there are fewer buyers and sellers.
• It is also important to note that different instruments and assets have different starting spreads, so while EURUSD may start at 1.4 pips, other assets like GBPJPY may start slightly higher.
• There is also a phone number available as well as individual email addresses for General Informal, Customer Support, Deposit/Withdrawal and also a contact name for Skype.
• Our order server located in the london LD4 data centre processes over 200,000 trades per day without any requotes coming from liquidity provider.
• 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.

WesternFX is one of the largest Forex CFD providers in the world by trading volume. WesternFX offers the award-winning MetaTrader 5 to facilitate trading through Windows, Mac, iOS and Android platforms. Withdrawal time will take between 2 to 7 working days for your withdrawals to be fully processed, this included both WesterFXs own processing and the processing of the method used such as your bank’s processing for Bank Wire Transfers. The minimum amount required to open an account is $25 which gets you the westernfx Standard account, if you want a different account the next requirement is for the ECN account which is $250.

• 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.
• Unfortunately, what the commission amount is is not known to us, we looked through the site and the terms of service but could not see any concrete information on how much they are, just that they exist.
• WesternFx offers its clients the opportunity to trade on the award-winning MetaTrader  platform.
• Evolve Markets is a crypto-first trading platform that was launched in late 2016.

Flexible Bonuses

All your trades will be executed instantly and confirmed online at once. The handy table below clearly demonstrates the major features and differences between our ranges of trading accounts we offer. You can choose your expected type of account to suit your trading needs. You can compare details information about different type of account from table bellow. The data contained in this website may not be real-time and accurate.

In this review, we will be looking into the services being offered to see if they are of the standard stated and so you can decide if they are the right broker for you. There are a lot of choices when it comes to WesternFX, lots of different accounts with varying trading conditions, spreads are reasonable however we do not know what the commission charged actually is. Plenty of ways to get in contact with the customer service team, WesternFX could be a decent broker to use as long as the commissions and withdrawal fees are in line with the industry standards. Forex trading has evolved tremendously in the last few decades, and today, with daily volumes exceeding $5 trillion per day, an increasingly large number of people are driven towards exploring its potential. At WesternFX, we help clients from across the globe leverage the volatility of the Forex market by providing a real-time trading environment and building effective Forex trading strategies to make the trading process efficient and easy. We are committed to empowering our traders, offering the best trading experience.

From new account registration to money withdrawal, superior customer service is our strategic priority. Trade sizes on all accounts start from 0.01 lots which are known as a micro lot, they then go up in increments of 0.01 lots so the next trade would be 0.02 lots and then 0.03 lots. It is also unknown how many open trades you are able to have at any one time. Swap charges are present on the VIP, ECN and Zero Spread accounts, these are interest charges that are incurred for holding trades overnight, they can be both negative or positive and can usually be viewed from within the trading platform of choice. WesternFx offers its clients the opportunity to trade on the award-winning MetaTrader  platform.

Does Forex Trade 24/7

After the open, traders may place new trades, and modify or cancel existing orders. Demo accounts can be accessed by filling in a form, you can select the deposit amount on this initial form. The trading conditions of the demo account are not stated so it is not clear which account they mimic, there may be a choice of this later in the signup process. There is also no mention of any expiration times so hopefully, they last indefinitely. Dear Valued clients,Western group MT5 server has been recompiled for better performance.

Unfortunately, what the commission amount is is not known to us, we looked through the site and the terms of service but could not see any concrete information on how much they are, just that they exist. The leverage can be selected when opening up an account, should you wish to change it on an already open account then you can do so by getting in touch with the customer service team with your request. There are 5 different accounts available, each one offering their own entry requirements as well as features and trading conditions. Our order server located in the london LD4 data centre processes over 200,000 trades per day without any requotes coming from liquidity provider. The information about which countries are accepted and which are not is not present on the website, so if you are interested in joining, be sure to get in contact with the customer service team to check if you are eligible for an account or not.

It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature rich environment and automated trading ability. Please know that during the first few hours after trading opens on Monday, the market will be thinner than usual until the London and Tokyo market sessions begin. These thinner markets may result in wider spreads and may increase the likelihood of orders being filled at a different price than the requested price, as there are fewer buyers and sellers.

All of our trading options are accessible when you open a WesternFX trading account online. If you want to get in contact with WesternFX you can do so by using the online submission form, simply fill in your query and you should get a reply via email. There is also a phone number available as well as individual email addresses for General Informal, Customer Support, Deposit/Withdrawal and also a contact name for Skype. The support team is open 24/5 and is closed at the same time as the markets over the weekend and on bank holidays.

The starting spread you get depends on the account you are using and are as follows.