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WHITEFOREX -

Score

1.77 /10
Danger

WHITEFOREX

Saint Lucia

2-5 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

https://whiteforex.com

Influence

D

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index3.60

Business Index5.59

Risk Management Index2.11

Software Index4.45

License Index2.69

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

White Forex Limited

Company Abbreviation

WHITEFOREX

Platform registered country and region

Saint Lucia

Company website

X

Facebook

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2026-08-18
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • WikiFX has recorded a total of 7 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal pending and no

Withdrawal pending and I cannot find a solution from the support team and no one responds

2026-08-15 10:23
Scam

ALLERT!!

they held ndb, but they withdrew all my profits on the grounds that my profits exceeded the maximum limit of $50, I really don't recommend them for you to use this broker, their customer service didn't answer anything either

2024-12-10 05:34
Scam

This is a scan broker and fraud broker

I opened my account with this broker and deposited $1000 in that account. I made a profit of $104 in that account. But this broker deleted my profit of $104 and blocked my account. This is a scam broker. So I request you to stay away from this broker. Do not open an account with this broker and do not make any deposit.

2024-11-26 16:19
Unable to Withdraw

withdrawal scam

I deposited funds with WhiteForex and have been completely unable to withdraw my money. When I submitted a withdrawal request, they did not process it and stopped responding to all my messages and emails entirely. They gave no valid reason for blocking my withdrawal. Their registered address is Ground Floor, The Sotheby Building, Rodney Bay, Saint Lucia — registration number 00475 — but there is no real regulatory protection for clients. This broker is operating as a scam. They accept deposits easily but block all withdrawals without explanation and then go silent. I have screenshots of my deposit, withdrawal request, and their lack of response as proof. I am also filing complaints with FIA Pakistan Cybercrime Wing and SECP. I strongly warn all traders: DO NOT deposit with WhiteForex. This is a withdrawal scam.

2026-05-01 02:56
Scam

Fraudulent broker

Never deposit to this broker, scam, unable to pay even though it's only $40, I was blocked. Poor broker

2025-01-10 04:21
Unable to Withdraw

Withdraw Scam

White forex is a fraud company they didn,t giving withdraw even my initital deposit was stuck and when i send email they said that our Liquidity provider didn,t giving withdaw what a joke of the year and the owner of this broker name ibtisam is on tiktok with channel name Dollar factory club scamming innocnet people

2025-12-14 16:50
Unable to Withdraw

They are literally scammers

"They are literally scammers. I’m facing issues with them. Anyone who becomes profitable on this platform cannot withdraw their funds. I currently have around $6000 in my wallet, and they won’t let me withdraw, claiming that I have high-frequency trades on my account. What’s the issue with high-frequency trades? Will they return my money? NEVER. This is how they scam people. I will raise my voice against them on every platform I can to prevent others from falling victim to them. One more thing: they don't care about your emails, support tickets, or live chat. It’s a humble request to everyone here: choose your broker wisely before depositing your hard-earned money."

2025-03-21 01:08
    WHITEFOREX · Company summary
    White Forex Review Summary
    Founded2013
    Registered Country/RegionSaint Lucia
    RegulationNo regulation
    Market InstrumentsForex, metals, cryptocurrencies, energies, stocks, indices
    Demo Account✅
    LeverageUp to 1:2000
    SpreadFrom 0.2 pips (Standard account)
    Trading PlatformMT5
    Minimum Deposit$10
    Customer SupportPhone: +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 Restrictionsthe 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.

    White Forex's homepage

    Pros and Cons

    Pros Cons
    Security measures offeredNo regulation
    Low spread setRegional 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.

    Is White Forex Legit?

    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 TypeMinimum Deposit
    Standard Account$10
    Low Spread Account$500
    Professional Account$1,000
    Zero Account$2,000
    Account comparison

    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 TypeLeverage
    Standard Account1:2000
    Low Spread Account1:2000
    Zero Account1:1000
    Professional Account1:1000

    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 TypeSpread Commission
    StandardFrom 0.2 pips❌
    Low SpreadFrom 0.2 pips❌
    ZeroFrom 0 pips$4.5 per lot
    ProfessionalFrom 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 PlatformSupported Available Devices Suitable for
    Web✔Web/
    MT4❌/Beginners
    MT5✔Web/Phone/DesktopExperienced traders
    MT5

    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.

    Deposit and Withdrawal

    News

    ExposureWHITEFOREX Review: Is Your Deposit Safe?

    WHITEFOREX draws repeated user complaints about blocked withdrawals and silent support, and no regulatory record was found in WikiFX's data. This review sets out what the records show before you deposit.

    WikiFX
    2026-08-18 18:00
    WHITEFOREX Review: Is Your Deposit Safe?

    ExposureWHITEFOREX Review 2026: I Am Not the Only Victim of Its Profit Seizure Activity; Users Say This!

    This is allegedly the case for most traders at WHITEFOREX, a Saint Lucia-based brokerage entity, as we look at real user reviews on broker investigation platforms such as WikiFX. Regardless of the profit seizure amount, whether it's $100 or $5,000, traders have expressed their utter frustration over this suspicious trading activity by the broker. Other complaints, such as poor customer support service, further add to traders’ woes. In this WHITEFOREX review 2026, we have investigated reported cases against the brokerage firm.

    WikiFX
    2026-07-01 20:06
    WHITEFOREX Review 2026: I Am Not the Only Victim of Its Profit Seizure Activity; Users Say This!

    ExposureWHITEFOREX Review: Do Traders Face Withdrawal Issues & Unaccounted Profit Deletions?

    Have you had a miserable trading experience with WHITEFOREX, a Saint Lucia-based trading enterprise? Did the forex broker make you wait for a long time to access withdrawals? Did it cancel your profits illegitimately? Was the WHITEFOREX customer support team incompetent in resolving your fund withdrawal queries? These issues are no longer with you alone. Many traders have taken strong exception to these while sharing the WHITEFOREX review. This article sheds light on user allegations. Keep reading!

    WikiFX
    2026-05-12 20:13
    WHITEFOREX Review: Do Traders Face Withdrawal Issues & Unaccounted Profit Deletions?
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    FX3236806672
    0-3months
    سحب قيد الانتضار ولا اجد حل من فريق الدعم ولا احد يستجيب
    سحب قيد الانتضار ولا اجد حل من فريق الدعم ولا احد يستجيب
    Translate to English
    2026-08-15 10:23
    Reply
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    0
    FX3264448663
    3-6months
    I deposited funds with WhiteForex and have been completely unable to withdraw my money. When I submitted a withdrawal request, they did not process it and stopped responding to all my messages and emails entirely. They gave no valid reason for blocking my withdrawal. Their registered address is Ground Floor, The Sotheby Building, Rodney Bay, Saint Lucia — registration number 00475 — but there is no real regulatory protection for clients. This broker is operating as a scam. They accept deposits easily but block all withdrawals without explanation and then go silent. I have screenshots of my deposit, withdrawal request, and their lack of response as proof. I am also filing complaints with FIA Pakistan Cybercrime Wing and SECP. I strongly warn all traders: DO NOT deposit with WhiteForex. This is a withdrawal scam.
    I deposited funds with WhiteForex and have been completely unable to withdraw my money. When I submitted a withdrawal request, they did not process it and stopped responding to all my messages and emails entirely. They gave no valid reason for blocking my withdrawal. Their registered address is Ground Floor, The Sotheby Building, Rodney Bay, Saint Lucia — registration number 00475 — but there is no real regulatory protection for clients. This broker is operating as a scam. They accept deposits easily but block all withdrawals without explanation and then go silent. I have screenshots of my deposit, withdrawal request, and their lack of response as proof. I am also filing complaints with FIA Pakistan Cybercrime Wing and SECP. I strongly warn all traders: DO NOT deposit with WhiteForex. This is a withdrawal scam.
    Translate to English
    2026-05-01 02:56
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