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No valid regulatory information, please be aware of the risk!
General Information & Regulation
Wafra Investment, a trading name of Wafra Investment LLC, is allegedly an investment firm established in 2004 and registered in Azerbaijan that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and floating spreads from 0.6 pips on the MT5 trading platform, as well as a choice of four different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Wafra Investment does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.10/10. Please be aware of the risk.
Wafra Investment advertises that it offers access to a wide range of trading instruments in financial markets, including forex, CFDs, commodities, indices, shares, energies and cryptocurrencies.
Apart from demo accounts, Wafra Investment claims to offer four types of trading accounts - Standard, Gold, Platinum and VIP with minimum initial deposit requirements of $100, $500, $1,000 and $5,000 respectively.
The leverage offered by Wafra Investment is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Wafra Investment claims that the spread varies depending on account types. Specifically, the spread starts from 1.2 pips on the Standard account, from 0.8 pips on the Gold and Platinum accounts, and from 0.6 pips on the VIP account.
Trading Platform Available
Platforms available for trading at Wafra Investment are MT5 for Windows, Mac OS and Linux. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Wafra Investments official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of credit/debit cards like Visa and MasterCard, Skrill, bank transfers and cryptocurrencies of Bitcoin and Ethereum. The minimum initial deposit requirement is said to be $100.
Wafra Investments customer support can be reached by telephone: +90 212 900 11 98 (Turkey), WhatsApp: +1 573 746 06 55 (New York), +44 7445 830619 (Londra), email: email@example.com or send messages online to get in touch. Company address: 203 Nizami St 20 no 3 KT Baku 1010 Azerbaijan.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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