Global Forex Broker Regulatory Inquiry APP


7.27 /10



10-15 years

Regulated in Australia

Market Making(MM)

Global Business

Suspicious Overrun

High potential risk


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License Index 8.36
Business Index 8.60
Risk Management Index 0.00
Software Index 7.63
Regulatory Index 8.33
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Contact number


+61 2 8298 4990


+61 2 8298 4997

Broker Information


Company Name

World First Pty Ltd

Company Abbreviation


Platform registered country and region


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Pyramid scheme complaint


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WikiFX Risk Alerts 3
Previous Detection : 2023-05-31
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 900508)Payment services Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
WorldFirst · Company summary
Registered Country/Region Australia
Regulation ASIC, FCA
Founding Time 2014
Minimum Deposit N/A
Trading Platform Non-MT4/MT5 trading platform
Demo Account No
Products & Services Money Transfer, Payment
Payment Methods Debit Cards, Online/Telephone Banking, BACS, Direct Debit, CHAPS
Customer Support Phone, Email

General Information & Regulation

WorldFirst was officially founded in London in 2004, with offices in Sydney, Australia in 2008, Singapore in 2013, and Hong Kong in 2014, making it one of the early payment service providers serving Chinese cross-border e-commerce merchants. In 2018, WorldFirst launched a new World Account and launched the Chinese brand name “Wang Li Hui WorldFirst”. In 2019, WorldFirst joined Ant Group as a wholly-owned subsidiary. WorldFirst currently holds a full license from ASIC (License No. 331945) in Australia and a payment license from the FCA (License No. 900508) in the UK.

Products and Services

Products and services provided by WorldFirst WanliHub are mainly in two major areas, namely cross-border e-commerce and foreign trade B2B.

Account Types

There are two distinct types of accounts are on offer: The WorldFirst International Payments Account and the WorldFirst International Collections Account. The first account is designed for business importing and paying overseas suppliers, and the second account is for business selling via online marketplaces and websites. Here some some features and offerings provided by each type of account.

The WorldFirst International Payments Account

  • Banking-beating exchange rates on international payments

  • International payments in 68 currencies

  • Send mass payments from a single transaction

  • Lock in an exchange rate for up to two years with a forward contract

  • Make transfers online 24/7 or through your account manager

The WorldFirst International Collections Account

  • Open locally-based currency accounts in USD, GBP, EUR, CNH, JPY, SGD, CAD, NZD, HKD & AUD

  • Collect overseas funds from marketplaces & payment gateways like Amazon and Stripe

  • Hold funds to pay suppliers and repatriare sales with ease at a great exchange rate

  • Use the funds you've collected to book prefunded spot contracts

  • Make transfers online 24/7 or through your dedicated acccount manager


Platform & Currency

WorldFirst supports more than 40 popular e-commerce platforms (Worten, Wayfair, Walmart, Shopline, AliExpress, etc.) and 30 payment gateways worldwide and supports 10 major global currencies: GBP, USD, CAD, JPY, EUR, NZD, SGD, AUD, HKD, and CNH.

Fees & Exchange Rates

Exchange rate

Despite adding a margin on their exchange rates, WorldFirst rates are still generally more competitive compared to banks. WorldFirst also has an exchange rate calculator on their webiste, but this does not accurately show the rates they offer for your personal transaction. They quote the interbank rate, which is not the rate you can make a transfer at.

Exchange rates are realtime and priced about 2% above the mid-market rate. The pricing comprises pay anything between $10 and $30 depending on the amount being transferred. Private clients transacting $100,000 and above do not pay any transfer fees.

Transfer Fees

WorldFirst does not charge any fees for personal wire transfers and payments. However, businesses pay anything between $10 and $30 depending on the amount being transferred. Private clients transacting $100,000 and above do not pay any transfer fees.

Other Fees

You may incur sending and receiving fees on either end of the transaction depending on the banks you use. To minimise these costs, transact using local banks within the worldFirst Network in the sending and receiving countries.

Payment Methods

When sending money using WorldFirst, you payment options are limited to bank transfers. In Fact, if you don't have a bank accont, it becomes almost impossible to transfer money through WorldFirst. The following are the payment methods you can use:

  • Debit Cards

  • Oonline/Telephone Banking

  • BACS

  • Direct Debit


Customer Support

Potential clients or existing WorldFirst clients who have any inquiries or payment-related issues, they can directly get in touch with this company through telephone in different regions.

Lines are open 8 a.m. until 6.p.m Monday to Thurday and 8 a.m. until 5.30 p.m. Friday AEST/AEDT time. Local call rates and chiliarges apply.

Or you can also follow this broker on some social media platforms, such as Twitter, Facebook.


Pros & Cons

Pros Cons
ASIC-regulated A minimum transfer amount of $2,000 is required, much higher than most money transfer companies
Cpmpetitive rates Limited currencies to transfer
A number of products offered, including forward contracts Limited customer support options
No other fees charged Limited Transfer Payout Options
Transfer cost easy to calculate Not Available in the US
Simple set-up and registration process

Frequently Asked Questions

Does WorldFirst charge fees for payments or wire transfers?

WorldFirst's payouyment fees are determined by factors including the location where you and your payee are based and the currency you want to convert to.

How much can I transact with WorldFirst?

Corporate clients and online sellers have no minimum transfer amounts. WorldFirsthas no minimum transfer amounts, but the transfer amounts between $2,000 and $9,999 will incur an AUD $10 fee and the transfer amount less than $2,000 will incur an AUD $20 fee.

How much does the account cost?

It's free to open an account and WorldFirst does not charge any fees for receiving money or any ongoing subscription costs.

How long does a transfer take?

This depends a few things, including the currency you're sending or buying, the bank used and the size of the transaction.

Can I make a same-day payment

Yes. You can book a same-day transfer for a large number of currencies and earlier you book your trade, the better. To make a same-day outgoing payment in EUR/USD or GBP, you will need to have your cleared funds with this company by the 15:00 Sydney time. For payments to Australia and New Zealand cleared funds must be received by 13:00 Sydney time.

User Reviews

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more than one year
Honestly, WorldFirst could be given 5 stars, but my funds have not arrived until now, since it has been five days. I am writing this review while waiting…
2023-03-01 10:49
more than one year
Please don't trust this so-called ASIC regulated company, it has already deceived several people, and I believe that the actual victims will only be more. Just be careful and don't fall into the trap!
2023-02-16 14:26
more than one year
To be honest, when I choose a foreign exchange broker, I will choose those that have been established for at least five years, but I did not expect such a company to be a scam... Wanlihui has received several complaints on wikifx!
2022-12-14 10:37
more than one year
A friend of mine recommended this company to me and I think it really deserves it. I can trade the financial instruments I like! But I saw wrong information on the wikifx website, got a bit scared and was thinking of withdrawing all my money.
2022-11-23 10:22
more than one year
STAY AWAY!! Once you invest in this platform, it's hard to make money. Transfer fee is so high that you have to pay a lot. And the payment methods are also very poor, you can’t withdrawal your fund through some popular methods like Skrill and Neteller, instead, bank transfer is your only choice.
2022-11-16 14:00
more than one year
I've used Worldfirst for many years. Now, they have changed their interface and suddenly want to verify everything. They did not make this clear before transaction. Awful update to interface and really confusing.
2022-11-15 17:54
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