Trade WFX is a UK based Forex and CFD brokerage firm founded in 2009. It offers a wide array of financial products to trade with. The broker provides the widely used MT4 trading platform with a minimum deposit of $200 to open an account. The entity has a single account option and it does not provide any demo account.
Is Trade WFX Regulated?
Trade WFX is an unlicensed platform managed by Global Investment House Limited, a company based in the UK. The entity claims to be regulated by the Financial Conduct Authority (FCA) of the UK. However, no such evidence was found to prove the claim and the legitimacy of the entity is a serious concern.
Should You Invest With Trade WFX?
Trade WFX seems to be a dubious trading platform. It lacks credibility and has no legal credentials to provide financial services. The official website is down for the time being. Investing in such an entity will lead to a loss of capital and time, so better avoid it.
What If Trade WFX Scams You?
Trade WFX reviews are mostly unfavourable. It has also faced many allegations of being a scammer. The FCA of the UK has issued a public warning against the entity. In case, if you have been scammed by Trade WFX, contact us. We will assist you to recover your lost sum.