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WeberFXTradex is one of the worst forex brokers in the market right now. This company can barely deliver any services. This company only has two months in the market. Such a company cannot help you gain the returns you are looking for in the market. The founders do not have the experience necessary to service investor needs.
Additionally, this company operates without any transparency. The founders are keeping important information to themselves. This is a huge red flag. Unfortunately, there are many more red flags about this company. Investing in WeberFXTradex is a terrible idea.
There are too many companies like this one. They are in the market only to steal from individuals. That is why you need to do proper research before you invest in any forex broker. We are here to help you with that.
Fortunately, there are legitimate forex brokers that will offer you the best services. They will help protect your funds while you invest. Furthermore, such companies will provide you with unmatched professional services.
WeberFXTradex promises clients a MetaTrader 5 platform. However, that is not what they provide. The company only avails a web-based trading platform that dwarfs in comparison to the MetaTrader 5 platform. These people are willing to say anything as long as it attracts customers. They do not care about delivering services.
Additionally, the company promises clients access to trading education. However, they fail to introduce any of their professional traders. We cannot trust investment advice that is coming from anonymous individuals. Professional companies will always introduce their educators. Additionally, they will present their trading results.
This company also promises clients access to a variety of market assets. You can invest in forex, energies, cryptocurrencies, shares, indices, and metals. While this may be a good thing, there is no platform to execute trades. Therefore, there is no reason to invest here.
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Furthermore, we can tell that these people do not know anything about the crypto market. They are only attaching this to their name to ride the hype behind it. You should not go here looking to trade crypto assets. These people are amateurs with no idea what they are doing.
Many illegitimate companies always want to control all the communication between them and the clients. This way, they can ignore their victims. WeberFXTradex barely has any customer support. The only way to get in touch with the company is by emailing them at [email protected]. This is not the company you want to invest in. The founders will never reply to any of your emails once they rip you off.
Furthermore, customer support is an essential service. You should not have to beg for it. Any professional broker will provide a phone number to reach customer support. Additionally, they will have a live chat option on their website.
WeberFXTradex promises clients a variety of payment options. However, we found that this is just another empty promise. The only payment option this company supports is Bitcoin deposits. Sadly, such scammers use Bitcoin transactions for the wrong reasons. It makes it easy for them to take off with people’s funds.
For starters, Bitcoin transactions are between abstract addresses. It is very hard to associate an address with the person behind it. As such, it is very hard to trace your funds once you send them out. Additionally, Bitcoin transactions are permanent. Hence, it is impossible to recover your funds from these scammers. For your own peace of mind, only use payment options you are comfortable with. Ensure that the option you are using allows you to recover your funds.
It is always important to know the people behind a company you are investing in. You do not want to invest in people with shady histories. Unfortunately, this company lacks transparency. The founders do not reveal their identities. They are operating anonymously.
Unfortunately, this is very common with scam organizations. They hide their identities to ensure that no one can track them down. As such, you should never send your money to any=onymous individuals.Â
Even worse, it is impossible to track these people down. The company gives an address in St. Vincent and the Grenadines. Sadly, this location is not legitimate. It is a random location that scammers from this jurisdiction use. If you go there, you will not find these people. Therefore, you will not know who to report or the location to provide in your report.Â
According to the website, this company is regulated by the FCA. This is the financial regulator in the Uk. We can tell that this is a lie. The company does not operate from the UK. Nonetheless, we counterchecked this information on the FCA register.
Unsurprisingly, we did not find any results matching this company. Therefore, this company is providing false information to clients. Furthermore, St. Vincent and the Grenadines does not have a forex regulator to keep companies in check.
Therefore, this company is operating without a license from a financial regulator. There is no worse offense that a company can commit than that. They are an illegal operation in most jurisdictions.
The founders of WeberFXTradex do not care about this. They are busy trying to put on a professional look. That is why they are presenting false claims.Â
The answer to this question is very simple. No, your money is not safe with these people. No unregulated company can assure you of your funds’ safety. Regulators ensure that companies have the right banking set up to protect user funds.Â
This includes ensuring that companies have segregated accounts in Tier-1 banks. Additionally, regulators ensure that companies have enough liquidity. This is the only way to protect client funds from the bank’s and the company’s financial status.
Furthermore, there is no evidence of systems protection. This means that hackers can easily access and steal your money. There are too many ways to lose your funds.
This website’s launch date was the 13th of March, 2021. Therefore, the firm does not have much experience in the market. Such companies always lag behind better-established firms. You are better off investing in companies that have been in the market for a long time.
Furthermore, this website’s life expectancy is only one year. Therefore, we do not expect the founders to stick around for long. This is common in fraudulent operations. They exit the market as soon as the website’s registration expires. Stay away from these people. They have nothing good to offer you.
We cannot, in our right minds, recommend this company to you. The founders have no morals. They will say anything to get you to invest. In reality, this is an illegal operation without regulations. There is no telling what these founders are willing to do to get their hands on your money.
Furthermore, these people are anonymous. They are operating from an unverified location. There is no way to tell who they are or what their experience is. On top of that, there is no way to track them down. All these red flags mean that fund safety is not a guarantee.Â
Luckily, there are regulated forex brokers with better services. They will offer you professional services without compromising your funds’ safety.
Does WeberFXTradex have a License?
No, Unfortunately this is an offshore venture
Is the customer Support of WeberFXTradex Sound
No. The characteristics displayed by this offshore entity make us doubt the quality of their services.
Are fund safe at WeberFXTraderx
Your money is not safe. The illegitimate broker does not segregate funds.
Can I issue a chargeback with WeberFXTraderx
No. They only accept crypto payments making it hard to trace them or get your money back.
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