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WBFX

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Operating status: SCAM

Website: https://wbfx.io/

Broker violations and abnormal records
  • 2021-08-17 BrokersView has reviewed that WBFX is an unregulated forex broker
    WBFX claims to be operated by FENIX GROUP LLC, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Besides, WBFX states that it is controlled by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Supervisory Authority (FSA). In fact, however, the regulator of UK is the Financial Conduct Authority (FCA) rather than the so-called FSA. And of course we didn’t find any regulation of WBFX from CySEC and FCA. So WBFX is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    WBFX claims to be operated by FENIX GROUP LLC, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Besides, WBFX states that it is controlled by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Supervisory Authority (FSA). In fact, however, the regulator of UK is the Financial Conduct Authority (FCA) rather than the so-called FSA. And of course we didn’t find any regulation of WBFX from CySEC and FCA. So WBFX is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-05 BrokersView has found that WBFX is not working

    On 6 Jul 2022, BrokersView found the domain https://wbfx.io/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 6 Jul 2022, BrokersView found the domain https://wbfx.io/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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