Score
WEEX
French Guiana|2-5 years| https://www.weekdefi.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
French Guiana
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed WEEX also viewed..
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Website
weekdefi.com
Server Location
United States
Website Domain Name
weekdefi.com
Server IP
104.21.80.90
Company Summary
Note: WEEXs official site - https://www.weekdefi.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| WEEX Review Summary in 4 Points | |
| Founded | 1-2 years |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Customer Support | None |
What is WEEX？
WEEX, an online trading service based in China, purports to offer financial market trading to interested traders. However, it's crucial to note that the accessibility of the WEEX website is currently inaccessible, rendering it difficult to verify the broker's regulatory status or authenticity. Furthermore, the broker is not under any valid regulation from any authoritative bodies currently.
In our upcoming analysis, we will methodically assess the features of this broker from multiple perspectives with a goal to present you with succinct and orderly information. Should you find this subject compelling, we invite you to continue reading. At the end of this analysis, we will offer a quick rundown of the principal points to provide an immediate overview of the broker's traits.
Pros & Cons
| Pros | Cons |
| • None | • Unregulated |
| • Lack of transparency | |
| • Website dysfunctional | |
| • Report of scam and unable to withdraw on WikiFX | |
| • No customer support channels |
Regarding WEEX, a China-based online trading platform, it's worth noting that the broker doesn't seem to have any identifiable benefits.
On the flip side, multiple serious drawbacks are associated with this platform. Primarily, the broker operates without regulation, which brings into question its legitimacy and can pose significant safety risks. There is also a concerning lack of transparency in their operations, further diminishing the trust level for potential traders. An aggravating factor would be the current dysfunctional state of its website, which raises suspicions about the broker's professional conduct. Furthermore, complaints related to scams and withdrawal issues have been documented on WikiFX, tarnishing its reputation further. Lastly, the absence of any stated customer support channels could significantly limit prompt assistance when required.
These cumulating factors signal considerable risks and uncertainties regarding engaging with the WEEX trading platform.
Is WEEX Safe or Scam？
When considering the safety of a brokerage like WEEX or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: WEEX operates without supervision from any significant financial regulators, creating substantial safety concerns regarding its use as a trading platform.
Further exacerbating these concerns is the current inaccessibility of the broker's official website, which may lead to conjectures that the trading platform might have ceased operations. These aspects greatly contribute to the risks involved in investing with this platform.
User feedback: The existence of 5 scam and withdrawal issue reports concerning the broker WEEX on WikiFX undoubtedly constitutes a potential warning signal. Traders are highly encouraged to exert careful scrutiny and carry out comprehensive due diligence prior to allocating any resources to a broker or an investment platform.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with WEEX is a personal one. You should weigh the risks and benefits carefully before making a decision.
User Exposure on WikiFX
On our platform WikiFx, we have recorded 5 reports related to scam and withdrawal complications, which undoubtedly raise serious concerns. We strongly advocate that all traders meticulously scrutinize all accessible information before risking their hard-earned funds. Our platform aims to furnish comprehensive details to guide traders in making well-informed decisions. If you encounter any fraudulent activities from brokers or if you fall victim to such circumstances, we strongly prompt you to report these incidents in our 'Exposure' section. Your valuable input is highly cherished. Our skilled team is committed to resolving these issues and will actively work towards seeking solutions for these intricate matters.
Customer Service
Regrettably, WEEX does not provide any explicit details about its customer support avenues. The absence of various communication channels, such as live chat, email, or phone support, leaves potential clients with limited resources.
It's crucial for brokers to have a robust customer support system to offer immediate help and clarity on any queries. This lack of transparency and customer support from WEEX raises questions regarding its commitment to customer assistance and openness.
Conclusion
WEEX, an online trading platform based in China, purports to provide financial trading services to a global clientele. However, a thorough examination unveils several alarming issues.
The broker currently operates without the necessary financial regulatory oversight, denying traders the security measures and standards commonly provided by regulated entities. Additional areas of concern include an inaccessible website and an absence of any clear customer support system, suggesting a troubling lack of professionalism and accountability - two key factors essential for building trust and fostering long-term professional relationships.
Moreover, five reports of scams and withdrawal issues related to WEEX documented on the WikiFX website escalate concerns surrounding security and customer protection.
Bearing in mind these myriad considerations, those considering utilizing WEEX are encouraged to proceed with extreme caution and consider seeking other broker services committed to transparency, regulation, and customer support.
Frequently Asked Questions (FAQs)
| Q 1: | Is WEEX regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | Is WEEX a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of scam and unable to withdraw. |
Risk Warning
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Abdsamad ettasse
Morocco
The withdrawal failed. I tried several times but it was not successful.
Exposure
2023-11-22
Quarles
United States
With this platform, money withdrawals are not available. My money was stuck; I requested a withdrawal, which was fulfilled, but it was never credited into my other account.
Exposure
2023-11-15
Lari134
Brazil
Unable to withdraw money on this platform. My money is stuck, I requested withdrawal and so far the status is under review. I want to withdraw my money.
Exposure
2023-11-11
JJ5317
Brazil
Through a so-called teacher who sent me pix to pay random and I supported that, my money went to Weex. I made some payments. However, because they didn't do more. They didn't return my money and it's stuck on the platform. I can't fix it because if they find that I tried to withdraw it, they freeze the amount. After authorization, this teacher issued a password so that someone else could make the payment to my account. . Block8top.top is the site where transactions are made and my money is held there.
Exposure
2023-09-21
JJ5317
Brazil
Yesterday they gave me a job offer, saying it was digital marketing, but today they made me send a pix to X person where the money ended up in Weex, and they asked for more so that they could return it after trading. However, when there was no more to continue, they froze my money saying that I would have to finish the trade so I could withdraw it. I tried it on my own and it still stuck. I need to withdraw this amount without having to pay anything more to the "professor" who is guiding me through the access I have and through block8top.com
Exposure
2023-09-21
only2431
Hong Kong
The Weex platform cannot withdraw normally. The first withdrawal was unsuccessful and I asked customer service. The customer service replied that two funds were transferred to me from other people's accounts. The account triggered risk control and was suspected of money laundering. 20% of the two funds must be paid to lift the risk control. After several withdrawals without success, I asked customer service, who replied that 100% of the principal must be traded to meet the withdrawal requirements.
Exposure
2023-09-11
FX1912764537
Taiwan
Unable to withdraw. After the payment of tax, there is handling fee. Then, your account is in risk and require to pay security fee. Now, they just freeze my account and suspend it.
Exposure
2023-02-20
迦叶
Hong Kong
It was working fine and best for a month when I joined but after that, they had regular website upgrades, which disturbs us and let us think that they are gone or something it came back after every upgrade but today WEEX disappoints me that hackers have attacked our database and they are trying to steal your money...
Neutral
2023-03-15
lemonpay
Nigeria
It's growing on me all the time.. lots of great features and you can feel they are always trying to improve. I much prefer using it on desktop though as on my (android) smartphone it is fiddly when compared to some other popular brokers.
Positive
05-22