White Forex Review – Is White Forex a Scam Broker?
- Website: http://whiteforex.com/
- Website Availability: Yes
- Address: Ground floor, the sotheby building, rodney village, rodney bay, gros-islet, saint lucia,P.O BOX 838,castries, SAINT LUCIA, P.O BOX 838, Rodney Bay, St. Lucia
- Warning: Not Recommended By Review Website Like Proupshot
- Website Domain Age:
Name WHITEFOREX.COM
Registry Domain ID 1835195280_DOMAIN_COM-VRSN
Registered On 2013-11-12T19:16:01Z
Expires On 2029-11-12T19:16:01Z
Updated On 2024-08-26T13:57:13Z
White Forex Warning Signs That Shouldn’t Be Ignored
White Forex claims to be a professional transparent brokerage that offers fast execution, tight spreads, and affordable trading services to retail traders. As per its official website whiteforex.com, the company emphasizes speed, reliability, and modern technology to help traders execute their strategies. However, there are also quite a few concerning aspects that must be considered, even if their claims are quite blatantly held.
White Forex Review – Scam Indicators
No Valid Regulation
One of the key concerns raised in this White Forex review is the broker being unregulated. It has been confirmed that White Forex presently does not possess any valid license from any reputable regulatory body. To trade with such an unregulated broker exposes your funds to extreme danger because there’s little or no protection for investors.
No Trading Software
A good broker always offers access to established trading platforms. However, White Forex trading does not have proper trading software, which is a major disadvantage for any serious investor.
Multiple Complaints and Low Score
Within the last 3 months, WikiFX has had 4 complaints against this broker. With a perilously low WikiFX rating of 1.12/10, this questions the broker’s credibility and customer satisfaction.
High-Risk Crypto Services
The site might provide high-risk cryptocurrency services, adding to the risk level further.
Based on this White Forex broker review, whiteforex.com displays several warning signs and should be approached with caution.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with whiteforex.com, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the White Forex or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read TCEHK Review.
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