Trading platform:
- Proprietary WOORI WON platform
- Samil Pricewaterhouse Coopers
- 0%
WOORI BANK Review 2024
Trading platform:
- Proprietary WOORI WON platform
- Samil Pricewaterhouse Coopers
- 0%
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Summary of WOORI BANK Trading Company
WOORI BANK is a broker with higher-than-average risk and the TU Overall Score of 3.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by WOORI BANK clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. WOORI BANK ranks 250 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
WOORI BANK was incorporated in April 1999 following the merger of the Commercial Bank of Korea and Hanil Bank. Now it is a part of Woori Financial Group and is among the top 10 world’s major banks and top 5 commercial banks of South Korea with the highest revenue performance. WOORI BANK focuses on investing in various funds, buying/selling foreign currencies, capital management, insurance, and real estate. The company provides its services to residents of Korea and other countries through its representative network in Asia, Europe, Africa, and both Americas. In South Korea, WOORI BANK is supervised by the FSC (Financial Services Commission) and the FSS (Financial Supervisory Service).
💰 Account currency: | KRW |
---|---|
🚀 Minimum deposit: | No |
⚖️ Leverage: | 1:1 |
💱 Spread: | No |
🔧 Instruments: | Forex, stocks, ETFs, index funds, foreign direct investments (FDI), securities funds, money market funds, real estate funds, and special and mixed asset funds |
💹 Margin Call / Stop Out: | No |
Evaluation of the most influential parameters of WOORI BANK
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Dynamics of WOORI BANK’s popularity among
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Trading Conditions for WOORI BANK Users
WOORI BANK provides for buying and selling foreign currencies at preferential rates. For GBP, AUD, CAD, NZD, SGD, NOK, CHF, HKD, CNY, SEK, and DKK it is 30%, for USD, EUR, and JPY, it is 50%. Trading is executed real-time via online banking on workdays from 9:00 to 02:00 of the next working day, but before weekends and holidays — from 9:00 to 24:00 (GMT+9). Also, currency exchange at the reserved rate, which is forward exchange, is available on workdays from 9:00 to 17:00 (GMT+9). WOORI BANK allows traders to invest in various funds. Moreover, the company is engaged in capital management and building model portfolios, including by means of artificial intelligence.
💻 Trading platform: | Proprietary WOORI WON platform |
---|---|
📊 Accounts: | Investment |
💰 Account currency: | KRW |
💵 Replenishment / Withdrawal: | Bank transfers and bank cards |
🚀 Minimum deposit: | No |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 Spread: | No |
🔧 Instruments: | Forex, stocks, ETFs, index funds, foreign direct investments (FDI), securities funds, money market funds, real estate funds, and special and mixed asset funds |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | No |
⭐ Trading features: | No Forex exchange limits for South Korean residents |
🎁 Contests and bonuses: | No |
Comparison of WOORI BANK with other Brokers
WOORI BANK | RoboForex | Pocket Option | Exness | FreshForex | Tickmill | |
Trading platform |
Proprietary WOORI WON platform | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MT5, Tickmill Mobile App |
Min deposit | No | $10 | $5 | $10 | No | $100 |
Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 30% |
Execution of orders | No | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | $30 | $30 |
Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
WOORI BANK | RoboForex | Pocket Option | Exness | FreshForex | Tickmill | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | No | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | No | Yes |
CFD | No | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | Yes | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
Contacts
Registration address | 대한민국: 서울 |
Regulation |
Samil Pricewaterhouse Coopers |
Official site | https://www.wooribank.com/ |
Contacts |
Phone:
080-365-5000
|
Disclaimer:
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. WOORI BANK and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
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FAQs
Do reviews by traders influence the WOORI BANK rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about WOORI BANK you need to go to the broker's profile.
How to leave a review about WOORI BANK on the Traders Union website?
To leave a review about WOORI BANK, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about WOORI BANK on a non-Traders Union client?
Anyone can leave feedback about WOORI BANK on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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