BrokersView

Search
Download
English
Sign In

wft group

Newest

Popular

Is it safe to trade with WFT?
fortuneA
Slovakia
2021-11-24
ANSWER WFT Group is NOT a legitimate broker and should be avoided at all events. WFT Group claims to be a Multi-award winner in 2020 thanks for its excellence and innovation over many years. However, this statement turned out to be nothing but a lie, since the domain of this broker was just created a few months ago in January 2021. Besides, WFT Group states that it is operated by INVEST GROUP LLC, a licensed firm registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. The biggest red flag comes when WFT Group claims to be regulated by the UK's Financial Conduct Authority (FCA), Australian Securities & Investments Commission (ASIC) and South Africa's Financial Services Conduct Authority (FSCA). The truth is, we didn't find any information about its regulation from FCA, ASIC and FSCA. So currently WFT Group is not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. What's worse, the FCA has added WFT Group into its blacklist and warned the public that this broker has been operating in the UK without a license. You can check full alert or warning here. As per the evidences above, our final conclusion is that WFT Group is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
See more

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.