White Forex Review - Does It Support MT4 and MT5? - WikiFX

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

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.

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.

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.

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.

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.

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.