White Forex Review - Does It Support MT4 and MT5? - WikiFX

White Forex | 2025-04-30 13:49

Abstract：White Forex is a broker founded in 2013 and registered in Saint Lucia, offering trading in forex, metals, and cryptocurrencies on the MT5 trading platform.

White Forex Review Summary
Founded	2013
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	Forex, metals, cryptocurrencies, energies, stocks, indices
Demo Account	✅
Leverage	Up to 1:2000
Spread	From 0.2 pips (Standard account)
Trading Platform	MT5
Minimum Deposit	$10
Customer Support	Phone: +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 Restrictions	the 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.

Pros and Cons

Pros	Cons
Security measures offered	No regulation
Low spread set	Regional 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.

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 Type	Minimum Deposit
Standard Account	$10
Low Spread Account	$500
Professional Account	$1,000
Zero Account	$2,000

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 Type	Leverage
Standard Account	1:2000
Low Spread Account	1:2000
Zero Account	1:1000
Professional Account	1:1000

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 Type	Spread	Commission
Standard	From 0.2 pips	❌
Low Spread	From 0.2 pips	❌
Zero	From 0 pips	$4.5 per lot
Professional	From 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 Platform	Supported	Available Devices	Suitable for
Web	✔	Web	/
MT4	❌	/	Beginners
MT5	✔	Web/Phone/Desktop	Experienced traders

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.