Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of World Trade Forex Trading Company
The official website of World Trade Forex is not blocked, but it’s impossible to register there. This means that the company might be a scam, so TU has carefully studied all the information available on its website and other web resources.
The broker’s website says that the brand is managed by World Trade International, a limited liability company (LLC) based in St. Kitts and Nevis. The review revealed that a legal entity with such a name is registered in the USA, but not in St. Kitts and Nevis, which means that information on the World Trade Forex website is false. Moreover, this state is an offshore zone. Even if the broker is registered under a different name, this speaks against it.
TU experts also decided to analyze reviews of World Trade Forex to examine its trust factor. However, traders do not mention this broker at all. Experts didn’t find any reviews on the Trustpilot website either. Most likely, World Trade Forex is a scam.
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Contacts
| Registration address | International Financial Centre Tower 2, Level 33 Jalan Jendral Sudirman Kav. 22-23 Jakarta 12920 |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has World Trade Forex been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against World Trade Forex by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of World Trade Forex is down, not updated or operates with clear errors and some features are not available;
• World Trade Forex has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if World Trade Forex got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why World Trade Forex got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from World Trade Forex?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if World Trade Forex is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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