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WL

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Operating status: SCAM

Website: https://wl-fx.com/en/

Broker violations and abnormal records
  • 2023-02-20 Brokersview has Reviewed that WL is an Unregulated Forex Broker

    WL claims to be a reliable broker while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

    Besides, WL shows its company address is in Mahe, Republic of Seychelles. However, we did not find any match results to this broker in the Seychelles Financial Services Authority (Seychelles FSA). The truth is that WL is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    WL claims to be a reliable broker while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, WL shows its company address is in Mahe, Republic of Seychelles. However, we did not find any match results to this broker in the Seychelles Financial Services Authority (Seychelles FSA). The truth is that WL is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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