WEEX Review 2023 – Get Help if you are a victim of WEEX Scam
Website – https://www.weex.com/
Address – 60 Main Street North, Markham, ON
Warned By – Ontario Securities Commission (Ontario)
Domain Age Information of WEEX
|Date Registered||December 21, 2003|
|Domain Age||19 years, 5 months, 27 days, 12 hours, 30 minutes, 28 seconds|
WEEX, a Hong Kong-based forex broker, emerged in the market recently, operating for approximately 1-2 years without regulation. The platform welcomes users with a low minimum deposit requirement of $10 and offers a maximum leverage of 1:100. Traders can explore an extensive range of tradable assets, including forex, cryptocurrencies, stock indices, commodities, stocks, precious metals, and energy. Utilizing the MT5 trading platform, WEEX boasts competitive spreads starting from 0.0 pips. The broker provides five distinct account types to cater to diverse trading preferences: Standard, Cents, Bare Spot, Zero Point, and Pioneer. For customer support, email communication is available, and deposit/withdrawal transactions are facilitated through multiple payment methods.
The main reason why WEEX is a possible scam broker is that the broker has got many Complaints and negative WEEX reviews . Other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.
The WEEX website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the WEEX. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.
Whoever owns the WEEX is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.
Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).
We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure.
WEEX possible scam activities
It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this WEEX review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
WEEX Review: Complaints and Negative Feedback
WEEX has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
After Searching internet you will find many negative WEEX Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and WEEX reviews are negative.
Scammed by WEEX? How to get your lost money back from WEEX?
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It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses. They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling a very short complaint form.
WEEX Review: Conclusion
To begin with, WEEX is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold all valid licenses and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
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Note: Report Scam Community has conducted many researches before flagging WEEX as a possible scam in this WEEX Review.Are you planning to trade with WEEX and invest your money? Report Scam suggests you to read this WEEX Review first firstReport Scam! as we have experience!