Wafra Investment LLC Review: Why You Shouldn’t Trust Them
Wafra Investment LLC Review: Why You Shouldn’t Trust Them

Wafra Investment LLC is an offshore brokerage firm based in Saint Vincent and the Grenadines (SVG). The high-leverage platform supports popular trading assets such as Forex currency pairs and CFDs.

However, the whole business is rather devious and we intend to explain why in our Wafra Investment LLC Review. Please read our analysis before making any investments because you may regret it in the future. Find out how you can recover your hard-earned funds from cyber schemes such as TradeOgre

Regulated by: Unregulated Offshore Broker
Is This Company Safe? No
Known Websites: wafrainvestmentfx.com 
Have Warnings from: N/A
Registered in: SVG
Operating since: 2022-04-21
Trading Platforms: MT5 (not configured)
Maximum Leverage: 1:200
Minimum Deposit: 100 USD
Deposit Bonus: N/A
Trading Assets: Forex, Indices, Commodities, Stocks, Cryptocurrencies
Free Demo Account: Available
How to  Withdraw from This Company? Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.

Legal Info: Is Wafra Investment Group Regulated?

Wafra Investment LLC is registered in SVG, an infamous offshore jurisdiction known for lax regulations and a favorable tax system. Over the years, the island has attracted many cyber con artists. The local financial market authority does not even regulate Forex trading.

Earlier Wafra Investment LLC reviews suggest this fraudster stole the identity of a legitimate UK firm. The unambiguous fact is that this offshore brokerage firm is unlicensed. Such platforms usually turn out to be scams, which is why you should do your best to avoid them. 

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of reputable financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Wafra Investment LLC’s Targets?

According to godaddy.com/whois, the wafrainvestmentfx.com website domain was created on April 21, 2022. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:

  • United Kingdom;
  • Cyprus;
  • Turkiye.

These countries are known for heavy financial market regulations, unlike dubious offshore jurisdictions. One law they all have in force stipulates that each financial market participant is required to possess a necessary license or permit. To reiterate, Wafra Investment LLC is not authorized to provide Forex trading services.

Trader Reviews – Sharing Experiences

The only trader reviews we found were on sikayetvar.com. There are many complaints and negative reviews on that website so be sure to read them.  

Be sure to expect a lot of issues and headaches with unregulated brokerage firms such as Wafra Investment LLC and RFTLTD.com. Please avoid trading on these platforms and instead stick to transparent providers with credible licenses.

Which Trading Platform Is Available?

Wafra Investment LLC offers MetaTrader 5, a popular cutting-edge platform with a wide range of advanced tools for trading popular Forex currency pairs, indices, commodities, stocks, and cryptocurrencies.

MT5 is arguably the best trading terminal in the industry, featuring innovative tools such as automated & algorithmic trading, live market reports, 20+ timeframes, EAs, a user-friendly interface, etc.

However, the website offers just a generic version of the platform, i.e. not configured for this specific broker, as if you had downloaded it from MT’s site. So you cannot really trade on this particular platform. For that reason, you should avoid downloading it and instead find a licensed broker.

Available Live Account Types

Account Type Standart Gold Platinum VIP
Minimum Deposit 100 USD 1,000 USD 5,000 USD 10,000 USD
Maximum Leverage 1:200 1:200 1:200 1:200
Spreads From 1.2 pips From 0.8 pips From 0.8 pips From 0.6 pips
Commissions Zero Zero Zero Zero

Leverage, Spreads, Commissions, Demo Account

The maximum leverage that Wafra Investment LLC offers is 1:200, which is significantly higher than the legal cap for retail clients in Europe & Australia (1:30) and North America (1:50). High leverage can amplify potential profits but also potential losses, making it pretty risky.

Spreads range from 1.2 pips to 0.6 pips depending on the account type, which is below the industry’s standard of 1.5 pips so it’s decent. Given that there are no commissions, the trading conditions are competitive but we still don’t recommend this platform.

If you are a beginner, you should not be risking real money straight away, which is why every legitimate firm nowadays offers a demo account. Wafra Investment LLC also offers a demo account but as we mentioned, the MT5 is not functional.

Deposit and Withdrawal Process

Wafra Investment LLC states that there are several available payment methods that can be used to fund live trading accounts:

  • Credit/debit cards (MasterCard, VISA);
  • Wire transfers;
  • Skrill;
  • Cryptocurrencies.

The minimum deposit requirement is 100 USD. Card payments are free of fee, wires cost 25+ USD, and Skrill 2% for withdrawals. Regardless of the fees, there’s a great chance you won’t be able to withdraw funds from this platform so please consider a chargeback. 

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.

As for crypto payments, you’re going to need to seek out professional assistance as these types of transactions are a nightmare to reverse. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Wafra Investment LLC

To sum up our Wafra Investment review, we analyzed an unlicensed offshore trading platform that mainly targets traders from the UK, Cyprus, and Turkiye.

We do not recommend this platform because it is unregulated. In case you have also lost money to Wafra Investment LLC, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Wafra Investment LLC?

Wafra Investment LLC is an offshore trading platform based in SVG that offers high leverage for Forex and CFD trading.

Is Wafra Investment LLC Regulated?

No, this brokerage firm is not regulated because Forex trading is not supervised in SVG.

What Can I Do If I’m a Victim of an Online Trading Scam?

You should request a chargeback. We offer our professional assistance so please book a free consultation with us.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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