Thinking of getting into business with FX World Bank? Here is what you must know about this broker. Carefully read this review to find out if fxworldbankla.com is the trading platform you will want to trade with.

About FX World Bank 

FX World Bank is an offshore brokerage company with a lot of promises for traders. The broker operates under FXWB LLC with an incorporation in Saint Vincent and the Grenadines.

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There are different account types the broker offers.

Account Types

Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.

To clarify, regardless of the trading instruments FX World Bank claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

fxworldbankla.com: Reasons to Avoid This Broker

Firstly, fxworldbankla.com is a platform with no financial authority overseeing its financial services. We discover the broker is not worth your money because brokers claiming to be regulated in the island — Saint Vincent and the Grenadines should already know this. FSASVG does not monitor, regulate or license brokers.

FSASVG Warning

Secondly, we noticed fxworldbankla.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

FX World Bank leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

FX World Bank minimum deposit is pegged $100 according to the account type.

As for the payment methods, the broker mentions Skrill and other online payments. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

FX World Bank Platform

FX World Bank claims to offer MT4 and MT5 (Industry standard trading platform), however, the option of both platforms doesn’t make the broker legit because any scam broker can do the same to lure forex traders.

As for the leverage, the broker discusses 1:1000. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

FX World Bank Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is fxworldbankla.com a Reliable Broker?

No, fxworldbankla.com is not a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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By Dan

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