Thinking of getting into business with WB Forex? Here is what you must know about this broker. Carefully read this review to find out if willbrainforex.com is the trading platform you will want to trade with.
Table of Contents
About WB Forex Broker
WB Forex is an offshore brokerage company with a lot of promises for traders. The address of the broker indicates it is from KOROR, PALAU.
There are different account types the broker offers.
To clarify, in spite the trading instruments WB Forex claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
willbrainforex.com: Reasons to Avoid This Broker
Firstly, willbrainforex.com is a platform with no financial authority overseeing its financial services. The regulation claims is not true because the local financial regulator does not have a register of companies available online.
Secondly, we noticed willbrainforex.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. In fact, 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
Under the withdrawal policy, WB Forex provides no information on withdrawal fees nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
WB Forex minimum deposit is not mentioned.
As for the payment methods, the broker offers an unpopular payment option called Bellcoin. Im fact, you should not consider making any payment with this broker because it is a risk. So beware!
WB Forex Platform
WB Forex offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker discusses nothing. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
WB Forex 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 that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Minimum Trade Deposit $100
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Conclusion: Is willbrainforex.com a Reliable Broker?
No, willbrainforex.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker has shown no interest in discussing relevant information like withdrawal fee, leverage, and deposit.
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.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
