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Werforex review ; Don’t make the mistake of investing in this company and here is why? binaryoptionslord.comn

Werforex review ; Don’t make the mistake of investing in this company and here is why? binaryoptionslord.comn

The estimated reading time for this post is 305 seconds

Werforex review

Werforex review ; Werforex is a foreex trading scam that claim to be the leader in the online trading industry. These scammers believe so, since they claim to provide over 200 tradable instruments including Forex, spot metals, futures and shares. In addition, werforex claim to provide services for clients in over 180 countries across the world, with different offices worldwide. Meanwhile, they provide formidable support in different languages.

However, they don’t offer Mt4 trading plartforms, which are the best. Moreover, they promise you that your funds are safe since they claim to operate a segregated account.

To contact them, potential clients will have to send a mail to support@werforex.com or call +41225083026.

At this point, we encourage you to finish reading this Werforex review. It will help you to make an informed decision.

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Werforex review

Werforex is a big time scam that provide ambiguous information rooted on absolute lack of transparency. This company claims to operate from Bulgeria and Marshall Ireland. This is the first red flag we noticed in this company. We don’t consider this as registration. Moreover, the government of Marshall Ireland has very loose rules regarding licensing Forex trading companies. Therefore, that region has become a hiding place for Forex trading scam artists.

For instance, they don’t insist on segregation of account. Therefore, scammers pull the funds of traders together and disappear into the thin air leaving memorable injury on the traders.

In addition, Werforex don’t have clients compensation funds scheme. This implies that if you loose your money, you will not have access to recover it.
Moreover if you invest in a licensed company like Fxpro or Hotforex, which are registered with the FCA and Cysec, you will have access to clients compensation funds. For instance, FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros. Unfortunately, this werforex review confirmes that this company does not offer any such funds.

We really discourage all our clients to avoid investing in such companies as werforex. Moreover, this werforex.com is a recently registered domain. That was just about 14 months at the time of this review. Therefore, they are just one of the hit and run Forex trading companies.

Another challenge here is lack of transparency. According to who.is, the website owner is operating from Arizona, USA. Therefore, one begin to wonder while they preferred to get a license in Marshall Ireland. This is simply a deceit, so stay far away. In addition, their true identity is not known, and it’s totally risky to invest in a company operated by entirely anonymous individuals.

Deposit and withdrawal

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There are only three methods of deposit and withdrawal. These are Bank wire transfer, Credit card and Debit card. These are universally accepted methods of payment. However, they don’t offer both Neteller and Skrill.
Moreover, they claim they don’t charge any fees for both deposit and withdrawal. But according to their terms and conditions, they will charge such fees if they consider it necessary. And of course as scammers, they will always have a reason to impose such charges.

In addition, in the course of this werforex review, we also realised that they will offer some investment bonuses. Unfortunately, we are aware that such bonuses usually come with certain conditions. These conditions are always subject to adjustment at the discretion of the scammers. Of course the condition usually entails achieving a particular minimum trade volume. And they will always keep a bench mark that will be difficult for you to actualize thereby making you invest more and more until they scam you big.

Werforex account types

There are three different account types available in this company. They include micro, standard and VIP account types; with minimum deposit of $500, $5000 and $20000 respectively. This minimum deposit is approximately double of the the industry standard. Meanwhile, there is no clear information on the different benefits for choosing any of the above mentioned account types.

Moreover, what is most important to us is that we have at least notified you with reasons that werforex is a scam. Therefore it’s left for you to decide if you will risk your money or invest in a safe, transparent and profitable broker like Fxpro.

Werforex review Conclusion

This is a scam broker. We are telling you now because to before warned is to before armed. We are aware that you will regret if you invest in it. Therefore, we suggest that you avoid it at all cost. There are reliable and transparent Forex trading brokers which we recommend for you.

Note: You can read this Mychargeback review to find out how to recover your lost funds.

Thanks for reading and don’t forget to share your experience on the comment section.
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