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WFT GROUP

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.wft.group/en/

Website

Rating Index

Contact

+442080971777
support.en@wft.group
https://www.wft.group/en/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+442080971777

German

+442080971700

Russian

+442080971971

Broker Information

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Company Name

INVEST GROUP LLC

Company Abbreviation

WFT GROUP

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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WFT GROUP · Company Summary

General Information & Regulation

WFT GROUP is a St. Vincent and the Grenadines registered online Forex and CFD broker, allegedly owned by a company called INVEST GROUP LLC, which is not currently subject to any effective regulation.

Market Instruments

WFT GROUP provides investors with financial products, foreign exchange currency pairs, CFDs, energy, metals.

Minimum Deposit

WFT GROUP official website does not provide any information on account types and minimum deposit amounts. In general, most brokers offer a minimum initial deposit of $100 for standard accounts, below $200, the minimum initial deposit amount of $10 for a micro account.

WFT GROUP Leverage

With respect to trading leverage, the maximum trading leverage offered by WFT GROUP for forex instruments is up to 1:100. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use such high trading leverage.

Spreads & Commissions

There is no spreads and commissions related details announced on its website. According to sector standard, the benchmark spread of the EUR/USD pair varies from 1.1 pips to 1.5 pips.

Other Trading Fees

WFT GROUP charges a monthly fee of $30 for accounts that have been inactive for more than 90 days. If a trader wants to stop trading and withdraw funds, WFT GROUP charges 30% of the initial deposit, or at least $80.

Trading platform

WFT GROUP provides access to MT5, web, and PC versions. MT5 PC with algorithmic trading, charting tools, compared to the basic web-based platform, has limited functionality and no automated trading features.

Deposit & Withdrawal

WFT GROUP supports traders to deposit and withdraw funds via credit/debit card, wire transfer, and bitcoin payment methods. Investors should note that wire transfers and bitcoins are not eligible for refunds, and it is better to use bank cards for deposits, as this allows traders to make refund requests within 540.

WFT GROUP Cons

WFT GROUP Drawback Include:

1. Offshore brokers & not subject to any regulation

2. No minimum initial deposit requirement provided

3. Key information on leverage, spreads & commissions missing

4. Unreasonable fees

5. Limited options for deposits & withdrawals

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FX1308318679
more than one year
WFT GROUP is a terrible and hateful fraudulent company! If you invest here, you won't never get your money back. These scammers have now absconded with the money and are on the loose.
2023-03-03 18:17
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