WesternFX review: Regulation, Platforms, Trading Instruments and Broker Ratings.

1.488 • 3 REVIEWS
Updated: Feb 27, 2024

What is WesternFX?

WesternFX is an online forex broker with MetaTrader 5 (MT5) as their trading platform in PC and Mobile version.

WesternFX.com offers over 30 forex currency pairs, gold, silver, CFDs, oil, indices, shares and commodities for your personal investment and trading options.

Please read WesternFX Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $25
Established: 2013
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent And Grenadines
Contact: info@westernfx.com, +1-646-736-7401
Regional offices:
Regulators: SVGFSA #21937/IBC
Prohibited countries:
Trading platforms: MT5
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (30+)
CFD: (20+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, MegaTransfer, Neteller, Payza, PerfectMoney, Transfer from Existing Broker, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, MegaTransfer, Neteller, Payza, PerfectMoney, UnionPay
* Please check broker website for more information
1.488 • 3 REVIEWS

Recent User Reviews of WesternFX

Chennai, India,
Oct 7, 2021,
Registered user

Non payment of withdrawal

Service use: Live Length of use: 0-3 Months
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.
Dhaka, Bangladesh,
Oct 31, 2018,

a good broker indeed

a good broker indeed. good service including deposit withdrawal and faster execution. Thank you WesternFX team.
1 trader has found this review helpful
Dhaka, Bangladesh,
Oct 5, 2018,
Registered user

A scam broker

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 say people that don't stay with this broker.