White Forex Review - Does It Support MT4 and MT5? - WikiFX
abstrak：White Forex is a broker founded in 2013 and registered in Saint Lucia, offering trading in forex, metals, and cryptocurrencies on the MT5 trading platform.
| White Forex Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex, metals, cryptocurrencies, energies, stocks, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.2 pips (Standard account) |
| Trading Platform | MT5 |
| Minimum Deposit | $10 |
| Customer Support | Phone: +44 7366 382168, +44 7366 382168 |
| Email: document@whiteforex.com, support@whiteforex.com | |
| Facebook, Instagram, Twitter | |
| Company address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-/islet, Saint Lucia | |
| Regional Restrictions | the United States, Cuba, Iraq, Myanmar, North Korea, Sudan |
White Forex, founded in 2013 and registered in Saint Lucia, is an unregulated brokerage. It offers various market instruments like forex, metals, and cryptocurrencies on the MT5 trading platform, with various account types and different leverage options. It supports multiple deposit and withdrawal methods such as Mastercard and bank transfer. However, it has regional restrictions and has no regulations.
Pros and Cons
| Pros | Cons |
| Security measures offered | No regulation |
| Low spread set | Regional restrictions |
| No commission charged for funding | |
| MT5 platform provided |
Is White Forex Legit?
White Forex claims it protects your trading accounts from unauthorized access by selecting a preferred security option. However, it is not regulated well by any institution.
What Can I Trade on White Forex?
White Forex offers over 1000 assets including forex, metals, cryptocurrencies, energies, stocks, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
White Forex offers the Standard, Low Spread, Zero, and Professional Accounts with the minimum deposit of $10, $500, $2,000, and $1,000 respectively.
| Account Type | Minimum Deposit |
| Standard Account | $10 |
| Low Spread Account | $500 |
| Professional Account | $1,000 |
| Zero Account | $2,000 |
Leverage
The leverage for Standard and Low Spread accounts is 1:2000, while the Zero account and the Professional account have a leverage of 1:1000.
| Account Type | Leverage |
| Standard Account | 1:2000 |
| Low Spread Account | 1:2000 |
| Zero Account | 1:1000 |
| Professional Account | 1:1000 |
White Forex Fees
The Standard and Low - Spread accounts both start at 0.2 pips spread and have no commission. Meanwhile, the Zero and Professional accounts offer spreads starting from 0 pips, but with commissions of $4.5 and $3.5 per lot respectively.
| Account Type | Spread | Commission |
| Standard | From 0.2 pips | ❌ |
| Low Spread | From 0.2 pips | ❌ |
| Zero | From 0 pips | $4.5 per lot |
| Professional | From 0 pips | $3.5 per lot |
Trading Platform
White Forex supports MT5 trading platform. On the MT5 platform provided by White Forex, traders can access a wide range of financial instruments. In terms of analysis tools, the MT5 platform offers in - depth technical analysis capabilities.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Web/Phone/Desktop | Experienced traders |
Deposit and Withdrawal
White Forex supports MasterCard, Perfect Money, and bank transfer to make a deposit or withdrawal. They accept USD and charge no commission. The processing is carried out in an instant.
Broker ng WikiFX
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