Worldwidetrade.io Review – Scammers Create A World Wide Financial Danger
Worldwidetrade.io Review – Scammers Create A World Wide Financial Danger

The first line that greets visitors of the worldwidetrade.io website is a recommendation to only trade with reliable brokers. We have to agree with that and warn you not to invest here. 

The company trying to turn you into their next financial hostage poses as a reputable online trading brand but is just another fraudulent scheme. 

That’s why you should check out the remainder of this Worldwidetrade.io review and understand that swindlers come in many forms.

Broker status: Unregulated Broker
Regulated by: No license
Operating Status: Active Online Trading Sham
Known Websites: worldwidetrade.io
Blacklisted as a Scam by: CBR
Owner: N/A
Headquarters Country: UK (alleged)
Foundation Year: 2023-05-29
Online Trading Platforms: Webtrader
Mobile Trading: Not available
Minimum Deposit: $250
Deposit Bonus: Not available
CFD Trading Option: No
Crypto Asset Trading: Yes (BTC, ETH, LTC, XRP)
Available Trading Instruments: Forex, Stocks, Indices, Crypto, Metals, Futures 
Maximum Leverage: 1:300
Islamic Account: Not available
Free Demo Account: Not available
Accepts US clients: US clients are accepted
Global Fraud Protection Experts’ Verdict: This is a sham company that tends to steal deposits. Refrain from entrusting your funds with unlicensed Forex dealers!

Poor Attempt At False Legitimacy

The company that is allegedly running the website is a FCA regulated entity – Tradelink Worldwide Limited, also properly incorporated with UK Companies House. What this swindler is trying to do is impersonate a fully licensed firm and earn trust from traders that way. 

The licensed company hasn’t listed this domain as their own and a warning by CBR (Central Russian Bank) is also there. This efficiently debunks all the claims the swindler has tried to fabricate in order to pass as legit. 

Similarly to Swiss Trade, this site doesn’t provide the mandatory safety of funds in the form of segregation. Neither can you rely on them to provide you access to the Financial Ombudsman and compensation plans. 

Fraudulent Methods

These people are full of it – they claim to be operating since 1999, but the fact of the matter is that the Worldwidetrade.io domain was only launched in May 2023.

Majority of victims live in these countries:

  • Sweden
  • United Kingdom
  • Malta

All of these financial scam sites, including FuturBTC, have something in common, and that would be the boiler room agents. These are the people who drag the scam victims into the scheme. To accomplish this they mostly rely on telemarketing strategies, but with a twist – they never give up calling once you tell them “no”.

Many people eventually crack under the pressure, the threats, and the extortion strategies. If you’ve invested with this company, contact our legal experts in order to start a recovery process.

Overcharged Services and Risky Terms

With the highest leverage ratio of 1:300 available, this firm certainly can’t be a reputable UK trading brand. Furthermore, the trading costs are so extreme. The costlier the account, the lower the costs, but the starting commission of 12 € per  is absolutely unacceptable. 

From what we could witness in the trading area, costs keep changing values from 3 pips and 5 pips up to insane numbers that do not benefit anyone but the scammers themselves. 

In addition, there’s a dormancy fee, charged at $10 for accounts that haven’t performed any trades over 90 days. One more charge applied on withdrawal sums below $300 is $30 for bank transactions.

Less Than Competitive Features

All of the alleged features found on this website are one big disappointment, especially if you paid attention to how heavily advertised they are. From a defunct web trader to overpriced account types, there’s nothing even remotely comforting about the whole offer. It is simply not worth the price.

Web Trader is Unusable

Placing trades on this terminal is simply out of reach. The Worldwidetrade.io webtrader started glitching up as soon as we tried customizing the charting. 

In addition, since there’s no trial trading available, in order for the web distribution to become fully available, you’d have to deposit real money first. Not a good deal, considering that the software is barely operational. 

One more risk that comes with using these simplistic web trading solutions is the fact they’re all somehow manipulated by the swindlers to show the information that doesn’t reflect the real state of markets.

Assets on Access

The tradable instruments are listed on the website, although the groups differ between the site and the webtrader. It matters less what is advertised as available for trading when the whole process is compromised by the fact that the server belongs to a fraudulent scheme.

Here’s the advertised product groups:

  • Forex (EUR/USD, EUR/CHF, USD/GBP)
  • Metals (Gold, Silver, Platinum)
  • Shares (Tesla, AMD, Nvidia, Netflix)
  • Indices (Nasdaq, DAX, Dow Jones)
  • Futures (ICE Dollar Index, CBOE VIX Index)
  • Crypto (BTC, ETH, LTC, XRP)

Worldwidetrade.io Account Types

The joining price is the same as on the majority of suspicious sites, so please keep in mind the fact that you can start trading on regulated servers with just $10. 

Besides the fees, nothing more is revealed on the webpage discussing the packages, so we can’t say anything further about what they feature. What is certain is that they definitely do not justify these price tags:

  • Standard – €250
  • Silver – €1,000
  • Gold – €5,000
  • Platinum – €20,000

Education

Worldwidetrade.io education consists of a basic learning program that only includes several articles on some most crucial subjects. 

Although solidly informative, these articles only cover a few most vital Forex concepts. These are pips, profit calculation, and basics of fundamental and technical analysis. Video tutorials, live lessons and webinars are not enabled.

Shady Funding Channels

The most relevant topic the traders are always the most cautious about are definitely monetary transfers. This brokerage site only lists some methods in the deposit panel in the client area. 

All of these are shady payment processors that are known for involvement in unscrupulous actions. In addition, crypto transactions are encouraged to allow cyber criminals to remain virtually anonymous. It’s hard to backtrace these transactions. Not for our recovery experts, however, so contact us if you need help with such actions.

24/7 Support as Another Lie

With an excuse that they only wish the best for their customers, the firm advertises a dedicated support service that is allegedly available at any hour and day. This is certainly just another of the bogus features that is sold at a high price. There’s only one email given as a communication method and no one ever replies to it!

Fund Recovery Is An Option!

Forget about high quality service, this firm is a completely illegal entity. They don’t provide even the bare minimum of trading amenities. Everything is virtual except for the danger these cybercriminals present to your finances and personal information.

If you are one of the many who have been fooled by these professional con artists, get in touch with our legal team. Don’t delay – use the live chat now to book your free consultation!

FAQ Section

What is Worldwidetrade.io?

It is an illicit entity that poses as a forex broker in order to scam people into giving them money.

Is WorldWide Trade a Legit Broker?

No, the company is completely illegal and their corporate info is stolen from another firm.

Can I Recover Money from an Online Trading Scam?

Recovery is always an option! Contact our chargeback experts today via the live chat, and start working on getting your money back!

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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