WBIInvest Review: Security Measures and Regulations
There are many confusing things in regards to the WBIInvest broker. Starting with misinformation about assets and the initial deposit all the way to the company’s anonymity, we started suspecting you shouldn’t trust this trading firm. Read our WBIInvest review to get more details on the spot.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, stocks, commodities, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
WBIInvest Regulations And Security
As mentioned, WBIInvest is an entirely anonymous brokerage. We have no owner and no headquarters. According to terms and conditions, if there’s any legal issue, governing law is the law of Estonia. Since this country does have a financial regulator, we’ve checked the FI register searching for a WBIInvest license. Of course, we found nothing.
All this implies you’re dealing with a shady company, and in case of any issues, you’re not entitled to any compensation funds.
Fund Withdrawal Issues With WBIInvest Broker
Some brokers believe their anonymity protects them from any consequences or fines for illegal behavior. One of those is WBIInvest that refuses to process withdrawal requests and doesn’t want to pay clients their profits. By the time you submit a request, everything will be terrific.
Broker’s employees will be at your disposal for anything, talking to you for hours. Yet, once you want your funds back, you will get a silent treatment and a possible account suspension.
If you notice that you cannot contact your account manager or log in to your trading account for a significant time, let us know.
Areas Of WBIInvest Scam
According to WBIIinvest, most clients are from Germany and Albania. However, other EU countries, South Africa, Australia, Singapore, are just a few more victims on the long list.
Wherever you are, don’t accept any offers coming from this fraudulent broker.
Traders About WBIInvest Scam
According to reviews, traders are mostly complaining about withdrawal issues. However, those who are still trading say that the broker’s Web trader is full of problems, and some basic things such as Take Profit and Stop Loss are not active.
It means that if you set them up and wait for your trade to close automatically, you might lose all of your money, and the company won’t care to reimburse you.
How Does Online Trading Scam Work?
Online trading scams are more widespread and sophisticated than ever. The global pandemic and everything that is going on opened doors for many fraudsters, such as WBIInvest. Those brokers are actually just chasing the money and don’t care which tools they will use to get it.
After you sign up for an ad, you will receive a call from lovely support asking you to make an initial deposit. Once you do so, you will be prompted to add more and more money until you decide it’s enough and request a payout. That’s when you’ll find yourself without access to your trading account and unable to contact the brokerage.
Beware of the WBIInvest scam and let us know whenever you notice anything suspicious.
Scammed by WBIInvest? – Tell Us Your Story
If you were scammed by WBIInvest, know that you are not the only victim. This broker has its methods of defrauding clients and disappearing. In this case, your only solution is to file a dispute and request a chargeback.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction within 540 days since it occurred. For further information, contact our support via online chat and book a free consultation with our specialists who may help you with this case.
What Is WBIInvest?
Simply put, it is a fraudulent online CFD and Forex trading provider.
Is WBIInvest A Scam Broker?
Company operates without a license, making it an illegal brokerage.
Is WBIInvest Regulated?
WBIInvest is not regulated and provides financial services without permission from the authorities.