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White Forex -

Score

1.15 /10
Danger

White Forex

Saint Lucia

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://whiteforex.com

Influence

D

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.23

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many 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

White Forex

Platform registered country and region

Saint Lucia

Company website

X

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Fraudulent broker

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

Fx Muhammad Rizal
2025-01-10 04:21
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

raka257
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.

Ashish7595
2024-11-26 16:19
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."

rj8620
2025-03-21 01:08
White Forex · 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

User Reviews

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User comment

4

Comments

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rj8620
0-3months
"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."
"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."
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2025-03-21 01:08
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Fx Muhammad Rizal
3-6months
Never deposit to this broker, scam, unable to pay even though it's only $40, I was blocked. Poor broker
Never deposit to this broker, scam, unable to pay even though it's only $40, I was blocked. Poor broker
Translate to English
2025-01-10 04:21
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0
0
4