https://webullforex.com/en/index
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
webullforex.com
Server Location
United States
Website Domain Name
webullforex.com
Server IP
104.21.65.36
Webullforex Review Summary in 8 Points | |
Company name | Webullforex |
Registered country/region | USA |
Regulation | Unregulated |
Trading Platforms | Tradingweb |
Market Instruments | foreign exchange, precious metals, energy and major global indices |
Maximum Leverage | 1:100 |
Spread | Basic trading spreads are as low as 0; floating spreads as low as one point |
Customer Support | Email: bakktforex@bakktfxs.com |
Webullforex is a broker headquartered in Denver, USA. It provides traders with access to market instruments including foreign exchange, precious metals, energy and major global indices.
Pros | Cons |
Various Market Instruments | Not regulated |
Lower than the industry average spreads | |
Various deposit and withdrawal methods |
You need to note that according to WikiFX's investigation, Webullforex is currently not regulated by any recognized financial authorities.
You can trade dozens of products including foreign exchange, precious metals, energy and major global indices.
Tradable Instruments | Supported |
foreign exchange | ✔ |
precious metals | ✔ |
energy | ✔ |
major global indices | ✔ |
We were unable to obtain further details about the opening of their account as the website did not provide relevant information.
Basic trading spreads are as low as 0 and floating spreads as low as one point. In order to trade leveraged CFDs or Forex, you will need to deposit a certain amount of money with Bakkt Market as margin.
For example, trading a 100:1 leveraged contract requires a margin of 1% of the contract value. Forex margin is calculated as follows: Margin = [number of lots * (contract size / leverage)] * opening price, in a standard account the contract size is 100 000 units for all Forex currencies.
Webullforex offer one of the world's most popular and widely used online trading platforms (Tradingweb).
Trading Platform | Supported | Available Devices | Suitable for |
Tradingweb | ✔ | web,mobile phone | Anyone |
We were unable to obtain further details about its deposit and withdrawal options as the website did not provide relevant information.
Please enter...
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX2694468193
Taiwan
A friend I met online gained my trust through chats about investment experiences and sharing aspects of life, then introduced me to their trading platform which appeared normal and legitimate. However, shortly after I started using it, the company's customer service recommended their analyst. They said that by depositing $50,000, I could obtain permanent analyst credentials. Subsequently, they introduced me to the analyst's Line account. After following the analyst's trading predictions which made me money, within less than a month, the analyst informed me that the company had been seized due to illegal funds invested by other clients. Now, to apply for a compensation plan which is currently under review, a 15% security deposit of the funds is required to recover the money and return it. In total, I transferred $13,450 + $5,000 (amount not yet credited), totaling $18,450 USDT.
Exposure
11-26
FX3809404122
Vietnam
The exchange does not allow withdrawals and requires a 20% tax payment.
Exposure
10-26
Toanthang2024
Vietnam
Vietnamese individuals register Facebook accounts in Cambodia to lure participants into foreign exchange investment with the intention of deceiving and misappropriating their assets. Everyone, be cautious! Facebook profile page Actual amount in the account On August 22, 2024, the recipient of the participation fee (i.e., customer care) requested a 25% tax on the total value of the account before withdrawing money. For example, only when 90,000 USD is subject to a 25% tax can the withdrawal order be executed. Withdrawals of smaller amounts are not allowed to be carried out 🥲 After 10 days of stating this reason and that By September 6, 2024, the account balance becomes 0 dong 🥲 Above, I present some images of the fraudulent behavior and misappropriation of assets of the participants. I hope that relevant parties can assist me. I have evidence of money transfers; date/month/year/amount of participation!
Exposure
09-06
FX1619514609
Vietnam
Recently, I participated in 90,000 USD at this exchange. When I needed money, I requested support to withdraw from the exchange and was asked to pay a 25% tax according to the tax authorities' regulations. It's really unfortunate that I had to pay taxes on the money I deposited and withdrew 😂
Exposure
09-05
FX3809404122
Vietnam
Attention everyone, you can deposit money into the platform now, but when you want to withdraw, they will ask you to deposit more money before you can withdraw. The customer service department is not available on the platform, so you can only contact them through Telegram.
Exposure
08-17
시우
South Korea
I am a Webullforex user with account number 651884. When I requested a withdrawal of $245,755, the ST support service requested payment of a withdrawal fee, which I paid, and then requested payment of another identity verification fee. After completing all the payments, the support service stopped responding, and I have not received the money so far. Today, the WebullForex headquarters sent a statement explaining that an external support agent of their platform deceived us. They have asked us to wait and will soon resolve the issue. I trust their platform and only hope that they will pay me the money.
Exposure
07-06
김상수
South Korea
Hello. I am a member of WebbleForex. user401346 is a member. I applied for a currency exchange of $293,000. The customer service center told me to charge a fee of 3,968,3627 won, so I did. However, they say that the money cannot be exchanged because the funds from a third party have been confirmed. I borrowed 81.2 million won from a friend and bought it. They said they couldn't exchange money for that money, so I asked for a solution. The customer center said that I had to deposit 81.2 million won to exchange it for $293,000. So I said I didn't have enough money. The customer service center said that if I deposit half of 81.2 million won, they would exchange 293,000 dollars. So I deposited 40 million won. Once again, the customer service center said they couldn't exchange money. I asked why it couldn't be done. They say they won't use it because their credit is bad. They say they can exchange $293,000 by holding on to the remaining 41.2 million of their friend's money at the customer center again. So, I asked for 20 million won and said they didn't have the rest, so they said they would do it if I used a friend's guarantee, but they said they wouldn't let me exchange money after using a friend's guarantee. They said they couldn't do it because my credit score was low. So time has passed 20 days. The customer center said it was frozen. They said they had to put up 10 million won to lift the freeze, so they put up another 10 million won. They said I had to raise my credit score to be able to exchange money, so they charged me 10 million won to raise my credit score. The Todashi customer service center asked for 11.5 million won, so they charged me 10 million won. And then the customer service center doesn't work.
Exposure
06-24
洪玉2726
Japan
On March 5, he contacted me in the name of sending the wrong message on WeChat. Later, we developed into a relationship. He taught me how to invest in gold. He introduced his friend, investment broker, Mr. He to me. On April 7th and 8th, I transferred about 10,000 US dollars to the Japanese bank personal account designated by Mr. He. I followed his trading and made a profit of 7,800 US dollars three times. I did not withdraw money because he said there was still a big market and more funds needed to be invested. But no more money was invested. At about four o'clock in the morning on May 6, he sent a message saying that he was going to die and asked me to forget him. Then he lost contact. On the same day, Mr. He also lost contact after I said I wanted to withdraw money. On May 7, I applied for a withdrawal of US$7,000, but it was not processed. Customer service can't be contacted either. I believed him till yesterday, but now I realize that I was deceived.
Exposure
05-15
洪玉2726
Japan
We met online, from friends to lovers. His name is Chen Jianguo. He is said to be from Chengdu, Sichuan, China, and living in Singapore. He introduced his friend, Mr. He, an investment broker, to me and asked me to invest in gold and foreign exchange. On April 7th and 8th, I remitted 900,000, 600,000 yen, a total of 10,000 US dollars, to the Japanese personal account designated by Mr. He. Around 4:30 in the morning on May 6th, Chen Jianguo lost contact. Mr. He also lost contact. I applied for withdrawal of 7,000 US dollarson May 7th. It has not been processed yet. Unable to solve it.
Exposure
05-15
Derya
Thailand
Seriously, Webullforex Trading Web has some basic functions, but is far from being robust compared to other platforms, especially MetaTrader platforms.
Neutral
08-07