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Score

1.22 /10
Danger

Webullforex

United States

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://webullforex.com/en/index

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.77

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Webullforex

Company Abbreviation

Webullforex

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

The platform does not allow withdrawals.

The exchange does not allow withdrawals and requires a 20% tax payment.

FX3809404122
2024-10-26 20:59
Unable to Withdraw

This page scams and misappropriates investors' assets

Recently, I participated in 90,000 USD at this exchange. When I needed money, I requested support to withdraw from the exchange and was asked to pay a 25% tax according to the tax authorities' regulations. It's really unfortunate that I had to pay taxes on the money I deposited and withdrew 😂

FX1619514609
2024-09-05 16:02
Scam

An analyst claims that the company was seized and a security deposit is required to recover funds.

A friend I met online gained my trust through chats about investment experiences and sharing aspects of life, then introduced me to their trading platform which appeared normal and legitimate. However, shortly after I started using it, the company's customer service recommended their analyst. They said that by depositing $50,000, I could obtain permanent analyst credentials. Subsequently, they introduced me to the analyst's Line account. After following the analyst's trading predictions which made me money, within less than a month, the analyst informed me that the company had been seized due to illegal funds invested by other clients. Now, to apply for a compensation plan which is currently under review, a 15% security deposit of the funds is required to recover the money and return it. In total, I transferred $13,450 + $5,000 (amount not yet credited), totaling $18,450 USDT.

FX2694468193
2024-11-26 13:42
Resolved

Vietnamese register accounts

Vietnamese individuals register Facebook accounts in Cambodia to lure participants into foreign exchange investment with the intention of deceiving and misappropriating their assets. Everyone, be cautious! Facebook profile page Actual amount in the account On August 22, 2024, the recipient of the participation fee (i.e., customer care) requested a 25% tax on the total value of the account before withdrawing money. For example, only when 90,000 USD is subject to a 25% tax can the withdrawal order be executed. Withdrawals of smaller amounts are not allowed to be carried out 🥲 After 10 days of stating this reason and that By September 6, 2024, the account balance becomes 0 dong 🥲 Above, I present some images of the fraudulent behavior and misappropriation of assets of the participants. I hope that relevant parties can assist me. I have evidence of money transfers; date/month/year/amount of participation!

Toanthang2024
2024-09-06 20:52
Webullforex · Company summary
Webullforex Review Summary in 8 Points
Company nameWebullforex
Registered country/regionUSA
RegulationUnregulated
Trading PlatformsTradingweb
Market Instrumentsforeign exchange, precious metals, energy and major global indices
Maximum Leverage1:100
SpreadBasic trading spreads are as low as 0; floating spreads as low as one point
Customer SupportEmail: bakktforex@bakktfxs.com

Webullforex Information

Webullforex is a broker headquartered in Denver, USA. It provides traders with access to market instruments including foreign exchange, precious metals, energy and major global indices.

Webullforex Information

Pros And Cons

ProsCons
Various Market InstrumentsNot regulated
Lower than the industry average spreads
Various deposit and withdrawal methods

Is Webullforex Legit?

You need to note that according to WikiFX's investigation, Webullforex is currently not regulated by any recognized financial authorities.

Is Webullforex Legit?

What Can I Trade on Webullforex?

You can trade dozens of products including foreign exchange, precious metals, energy and major global indices.

Tradable Instruments Supported
foreign exchange✔
precious metals✔
energy✔
major global indices✔

Account Type

We were unable to obtain further details about the opening of their account as the website did not provide relevant information.

Webullforex Fees

Basic trading spreads are as low as 0 and floating spreads as low as one point. In order to trade leveraged CFDs or Forex, you will need to deposit a certain amount of money with Bakkt Market as margin.

For example, trading a 100:1 leveraged contract requires a margin of 1% of the contract value. Forex margin is calculated as follows: Margin = [number of lots * (contract size / leverage)] * opening price, in a standard account the contract size is 100 000 units for all Forex currencies.

Webullforex Fees
Webullforex Fees
Webullforex Fees

Trading Platform

Webullforex offer one of the world's most popular and widely used online trading platforms (Tradingweb).

Trading Platform
Trading PlatformSupportedAvailable Devices Suitable for
Tradingweb✔web,mobile phoneAnyone

Deposit And Withdrawal

We were unable to obtain further details about its deposit and withdrawal options as the website did not provide relevant information.

User Reviews

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User comment

6

Comments

Write a review

FX2694468193
3-6months
網路認識的朋友透過聊天跟你暢談投資經驗分享生活取得你的信任後介紹他所使用的交易平台且交易平台看似正常且合法但在你使用不久後該公司客服推薦你他們公司的分析師說入金50000美金後可取得永久分析師資格後續介紹分析師的line帳號給我 經過分析師預測交易讓我賺錢後經過不到一個月的時間分析師通知該公司遭查封因為有投資客投入不法資金，現在要申請賠償方案待方案通過需支付資金15%的保證金才得以追回資金並一併退回現在正處於方案審核階段再來就是繳納保證金了 共轉入了13450+5000（還未入帳的金額） 共計18450USDT
網路認識的朋友透過聊天跟你暢談投資經驗分享生活取得你的信任後介紹他所使用的交易平台且交易平台看似正常且合法但在你使用不久後該公司客服推薦你他們公司的分析師說入金50000美金後可取得永久分析師資格後續介紹分析師的line帳號給我 經過分析師預測交易讓我賺錢後經過不到一個月的時間分析師通知該公司遭查封因為有投資客投入不法資金，現在要申請賠償方案待方案通過需支付資金15%的保證金才得以追回資金並一併退回現在正處於方案審核階段再來就是繳納保證金了 共轉入了13450+5000（還未入帳的金額） 共計18450USDT
Translate to English
2024-11-26 13:42
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FX3809404122
6-12months
sàn không cho rút t bắt buộc nộp 20% thuế
sàn không cho rút t bắt buộc nộp 20% thuế
Translate to English
2024-10-26 20:59
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9