WesternFX Journal

Journal status: live
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WesternFX Profile
Year
2013
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Canada, US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
5
LPs quality
Tier-1 Banks
LPs names
Barclays, Citibank, Deutsche Bank, JPMorgan, UBS

WesternFX Accounts
STP
ECN
Minimum Deposit
25 $
250 $
Leverage
500 : 1
100 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.4 pips
0.2 pips
Commission
0 $/lotRT
...
Volume
...
...
Margin Call
20 %
20 %
Stop Out
10 %
10 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, FasaPay, Payza
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is WesternFX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: ...

Is WesternFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: not so helpful ★★
  • WesternFX website: semi-detailed, updated ★★★
  • WesternFX popularity (by visitor count): low visits ★★

How WesternFX works



WesternFX does not allow all types of Trading Methods, Styles, and Misquotes Expert Advisors.


In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades.


Ultra-Fast Trade Execution: Straight-Through Processing means your orders are automatically sent directly to liquidity providers. Ethical Brokering: We don’t use a dealing desk, so we’re never taking the other side of your trades.



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