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 countries
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
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.

https://www.westernfx.com/wp-content/uploads/2016/11/Trading-and-Execution-Risks.pdf

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.

https://www.westernfx.com/wp-content/uploads/2016/11/Terms-of-Business.pdf

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.

https://www.westernfx.com/why-choose-us/

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