Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Ashraf Shahhat
Within 1 year

Does WorldFirst charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
WorldFirst
Fees and Spreads
04-19
United States
WikiFX
Reply

In my experience researching WorldFirst and evaluating their offerings, I've found that their fee structure is quite different from what most forex traders—myself included—are used to seeing with standard ECN or raw spread accounts. WorldFirst is primarily tailored for business-to-business payment services, cross-border FX solutions, and multi-currency business accounts, not traditional retail forex trading. As such, the typical concept of per-lot commission charges on ECN or raw spread trading accounts doesn't really apply here. Instead, WorldFirst makes its money by charging transparent, capped percentage-based FX conversion fees on currency exchanges, as detailed in their public documentation. For major currency conversions, the maximum rate is generally up to 0.6%, and for minor currencies, it starts from 0.67%. There isn't a mention—or personal evidence I've encountered—of a fixed commission per lot as is standard with true ECN brokers. This is important because the mechanics and risks are quite different. From a risk-conscious perspective, I'd emphasize that if your priorities are institutional-level FX trading with a clear per-lot commission model, WorldFirst may not meet those requirements. For me, understanding exactly how fees are assessed is critical, and with WorldFirst, everything seems geared toward payments and currency conversion for business clients, rather than speculative trading. I would strongly advise fellow traders to confirm the suitability of WorldFirst for actual spot FX trading, as their structure does not match typical trading platforms that provide ECN or raw spread accounts with traditional commission schedules.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com