WFM International has raised significant red flags as a potential scam broker. Here’s why:
- Lack of Regulatory Oversight: A crucial indicator of a scam broker is the absence of a valid license from a reputable financial regulator.
- Unverified Company Information: Basic details about the company, such as its location and ownership, are often unclear or misleading.
- Unsubstantiated Claims: Promises of unrealistically high returns or guaranteed profits are common tactics used by scam brokers.
- Difficulty in Withdrawing Funds: Investors often face significant challenges when trying to withdraw their money.
Company Overview
Feature | Details |
Name | WFM International |
Website | wfminternational.com |
Location | Unknown |
Regulation | Unregulated |
Services or Products
WFM International typically offers a range of trading instruments, including forex, CFDs, and possibly cryptocurrencies. However, the quality and reliability of these services are questionable due to the company’s lack of regulation.
If you have lost money to companies like Infinity Forex Funds; or PandaLife130; please report it to us on our report a scam form.
Trading Platform & Leverages
Scam brokers often provide access to poorly designed or unreliable trading platforms. Additionally, they may offer excessively high leverage, which can amplify both profits and losses, increasing the risk of significant financial losses.
Spreads and Cost of Trading
While specific information about WFM International’s spreads and trading costs is unavailable, it’s essential to be cautious. Scam brokers may advertise low spreads to attract clients but often charge hidden fees or manipulate prices against traders.
License and Regulations
Legal Warning Against WFM International:
The Financial Conduct Authority (FCA) has issued a warning against WFM International, classifying it as an unauthorized firm. This means the broker is operating illegally and poses a significant risk to investors.
Deposit and Withdrawal Methods
Scam brokers often prioritize deposit methods that are difficult to trace, such as credit cards, cryptocurrency, or wire transfers. Withdrawing funds can be a complex and frustrating process, with numerous obstacles and delays.
WFM International Pros and Cons
Pros | Cons |
None Identified | Unregulated lack of transparency potential scam difficulty withdrawing funds |
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker like WFM International exposes investors to numerous risks:
- Loss of funds: There is no guarantee that your money is safe with an unregulated broker.
- Market manipulation: Unlicensed brokers may manipulate prices or quotes against traders.
- Lack of customer support: You may encounter difficulties getting assistance with your account or issues.
- Legal recourse: It’s challenging to seek legal action against an unregulated entity.
Client Feedback
Client reviews of WFM International are overwhelmingly negative, with numerous reports of lost funds, difficulties withdrawing money, and poor customer service.
How Can “Reviewsadvice” Help You If You Get Scammed?
If you believe you have been scammed by WFM International, “Reviewsadvice” can provide valuable guidance and support. We can help you understand your options, gather evidence, and potentially recover your losses or you can report to us today using the form below.
File A Complaint Against Scammers
Final Thought
WFM International’s lack of regulation, coupled with negative client feedback, strongly suggests it is a scam broker. It’s crucial to prioritize safety and choose a regulated broker when investing your money. Always conduct thorough research before entrusting your funds to any financial institution.
