Your capital is at risk.
WOORI BANK Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Proprietary WOORI WON platform
- Samil Pricewaterhouse Coopers
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Proprietary WOORI WON platform
- Samil Pricewaterhouse Coopers
Our Evaluation of WOORI BANK
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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.
Brief Look at WOORI BANK
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).
WOORI BANK Summary
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.
| 💻 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 |
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.
Share your experience
- Best
- Last
- Oldest
Comparison of WOORI BANK with other Brokers
| WOORI BANK | RoboForex | Pocket Option | Exness | Tickmill | Libertex | |
| 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, MT5, Tickmill Mobile App | Libertex, MT5, MT4 |
| Min deposit | No | $10 | $5 | $10 | $100 | 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 1:500 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | Yes | No |
| 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 0.1 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 100% / 30% | 50% / 50% |
| Execution of orders | No | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | $30 | No |
| Cent accounts | No | Yes | No | No | No | No |
User Satisfaction