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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

Webullforex

United States|Within 1 year|
Suspicious Scope of Business|High potential risk|

https://webullforex.com/en/index

Website

Rating Index

Contact

support@webullforex.com
https://webullforex.com/en/index
7th Street 40 E 7th St, New York, NY 10003, USA
The WikiFX Score of this broker is reduced because of too many complaints!

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

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Contact number

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Broker Information

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Company Name

Webullforex

Abbreviation

Webullforex

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Webullforex · WikiFX Survey

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Webullforex · Company Summary

WebullforexReview Summary
Founded2024
Registered Country/RegionUnited States
RegulationNo Regulation
Market Instruments100+, Forex, Metals, Crude oil, Indices, Cryptocurrency
Demo AccountNot Mentioned
Leverage1:100
Spreadfrom 1 pip
Trading PlatformTradingweb
Min DepositNot Mentioned
Customer SupportEmail: bakktmarkets@bakktmarkets.com
Webullforex's homepage

Pros & Cons

ProsCons
Multiple market instrumentsUnregulated
Risky leverage
Lack of minimum deposit infromation

It's Webullforex Legit?

Wellbullforex has not been regulated by any notable authorities. Therefore, trading with Wellbullforex is highly risky since your fund won't receive proper protection.

No license

What Can I Trade on Webullforex?

Trading AssetAvailable
forex
metals
commodities
indices
energies
stocks /shares
cryptocurrencies
options
funds
ETFs

Trading Platform

Trading PlatformSupported Available Devices Suitable for
TradingwebDesktop, MobileBeginner
MT5Desktop, Mobile, WebExperienced trader
MT4Desktop, Mobile, WebBeginner
Trading ViewDesktop, Mobile, Tablets, Web Beginner

Customer Service

Contact ChannelDetails
Email
bakktmarkets@bakktmarkets.com
Address
7th Street 40 E 7th St, New York, NY 10003, USA

Q&A

Is Webullforex legit?

No. Webullforex is not a well-regulated platform.

Is it safe to trade with Webullforex?

No. Unregulate platforms like Webullforex are not supposed to be safe.

Is Webullforex good for beginners?

Beginners should avoid unregulated platform.

Review 8

8 Comments
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All(8) Latest Neutral(1) Exposure(7)
Exposure
Customer Center Yeolrakandam Withdrawal is not possible
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.
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06-24
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