General Information & Regulation
Werty is a Switzerland-registered broker, with its founding time, the company behind it not disclosed to all. However, there is no related regulation information displayed anywhere, so it is unsafe to trade with this broker.
Market Instruments
Tradable financial instruments available on the Werty platform include forex currency pairs, precious metals, energies and shares.
Minimum Deposit
Werty does not indicate its minimum initial deposit. In most cases, many legit broker will require a minimum initial deposit around $100 or even less. Since this broker is unregulated, traders are not advised to register real trading accounts.
Leverage
Werty offers trading leverage up to 1:500 for forex trading. To be honest, trading with Richness Empire, an unregulated broker, on such generous leverage is not necessarily a good thing.
Spreads & Commissions
In terms of spreads and commissions, Werty does not make this part clear. In most cases, the benchmark EUR/USD pair is within 1.5 pips offered by most broker.
Trading Platform Available
Werty does not tell us what trading platform it offers to its traders, but one thing can be sure is that it is not MT4 or MT5 trading platform offered, maybe some web-based or Mobile App platform.
Deposit & Withdrawal
When it comes to deposit & withdrawal payment methods, Werty does not make this part clear. In most cases, most brokers support Credit/Debit card (VISA, MasterCard, Maestro), Wire transfer, Skrill and Neteller for traders to fund their accounts.
Werty Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their broker was problematic before they had already signed up. If Werty shows any of these signs, either avoid them entirely or look very carefully before proceeding:
Not regulated
High fees and commissions
Not enough information on the website
Poor communication and refusal to answer questions
Pushy manner
Keeps mentioning rules and fees that were not outlined in the contract
Does not let you withdraw money from your account
These are a few of the warning signs of a problematic broker. Below, we will discuss red flags. If Werty exhibits any of these features, do not proceed without consulting an expert at trading-scam.com.
