WikiFX Visited British Forex Broker WorldFirst in London

Background

As China accelerates in opening up its financial sector to the world, forex is becoming a trendy type of investment among Chinese people, and the number of forex investors is growing every year. The British forex broker WorldFirst has expanded its influence on Chinas forex market since it was acquired by Alibaba Group this February, receiving wide acclaim among investors. Recently, WikiFX visited WorldFirst in London to bring investors more detail information of the broker.

Brokers profile

Name: WorldFirst

Time of establishment: 2004

Location: London, UK

Status: the broker truly exists

Website: www.worldfirst.com

Address: Millbank Tower 21-24 Millbank London, UK

Location

WorldFirst is located inside Milbank, a building alongside the Thames River and within 14-minutes‘ drive to the famous City of London. As the world’s largest forex trading centre, the City of London accounts for 32% of the global forex trade volume with a daily trade volume of over 1 trillion USD.

On-the-spot investigation

According to the regulatory information, WikiFX team arrived at Millbank Tower. We didn‘t find WorldFirst on the floor directory inside, so we consulted the reception and learned that WorldFirst’s office is indeed in this building and is in business. As the company was too busy to arrange a visit tour, our visit request was declined.

Online research shows WorldFirst has a global business scope, with a head quarter in London, UK and offices in UK, the Netherlands, China, Australia, Singapore and Japan. By checking regulatory website of FCA, we confirm that the broker holds FCA license with regulatory number 900508, and the information- including license type, regulatory number and contact-of WorldFirst all match that from its website. In addition to FCA license, WorldFirst also holds ASIC(Australia)‘s MM license and FINTRAC(Canada)’s license for generic financial services. Focusing on international transfer, forex option, international e-commerce platform collection and settlement, the company currently has over 80,000 active users across the world and an annual trade volume of over 10 billion GBP.

Investigation summary

Per investigation, the licensed office of WorldFirst in London truly exists. Though we didn‘t enter the company’s office, the furnishing and location of the office building both suggest the company is of considerable strength.

Conclusion

WikiFX App information shows WorldFirst, with a WikiFX rating of 8.6, is a well established broker that has been in business for 15 years. Its FCA(UK)‘s license and FINTRAC(Canada)’s license are not authorized in forex brokerage, and WikiFX reminds investors to mind the risk of the broker in overrun business. If you want to learn about more brokers in detail, please visit WikiFX App or website as we present your more forex information.