✔️ Information reviewed and updated in September 2024 by Eduardo López
IS WeTrade RELIABLE? OPINIONS
CONTENT
In this post I will analyze WeTrade. Is the Cryptocurrencies, CFDs, Energy, Forex and Metals broker WeTrade (with a really reliable wetradebroker.com website? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think WeTrade is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | WeTrade International LLC |
| ???? Address | San Vicente y las Grenadines |
| 📄 Attend the event | Not mentioned |
| 🛡️ Regulapain | Not mentioned |
| ️ ️ Phone | Does not have |
| [email protected] | |
| 🌐 Website | wetradebroker.com – crm.wetradefx.com – wetrade.net – wetradebroker.com |
| ???? Live Chat | Yes |
| 💳 Payment methods | Not mentioned |
| ❓ Company type | Cryptocurrency, CFDs, Energy, Forex and Metals Broker |
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of accounts that WeTrade offers; They are divided into 3 accounts. Here is a table with a little more information about minimum deposits by type of account.
| TYPE OF ACCOUNTS | MINIMUM INITIAL DEPOSIT |
|---|---|
| Standard Account | - |
| Cent Account | - |
| Islamic Account | - |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “wetradebroker.com” was registered on July 06, 2020. That is, it is a website that is not very old. 🚩
- The website mentions which company it belongs to, but I have not been able to find “WeTrade International LLC” in the company records. I think it may be a fake company. 🚩
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩
⭐ WeTrade OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company is located in an unsafe place such as Saint Vincent and the Grenadines.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “wetradebroker.com” was registered on July 06, 2020. It is very recent.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
“To be honest with you, I would not invest in this type of company: it is not regulated. He mentions belonging to a company WeTrade International LLC which apparently is a fake company. I honestly cannot recommend a company of this type.”
💬 WHAT TO THINK OF A COMPANY LIKE WeTrade?:
The security and reliability of WeTrade raises serious questions, mainly due to its location in Saint Vincent and the Grenadines, a jurisdiction known for its lax financial regulation and limited oversight. This choice of location is a significant red flag, as it suggests a preference for environments with fewer restrictions and control compared to more established financial centers. The lack of rigorous regulation in this region may expose investors to additional risks, as the protection of financial interests may not be as strong as in other, more strictly regulated jurisdictions.
Additionally, the omission of information on whether WeTrade is regulated or not is a cause for serious concern. Regulation is a crucial element for security and integrity in the financial world, ensuring that the platform meets ethical standards and provides a safe environment for investors. The lack of clarity over WeTrade regulation leaves investors in the dark and increases uncertainty over the platform's transparency and reliability.
The recommendation to stay away from this broker is reinforced taking into account these warning signs. The financial security of investors is of utmost importance, and choosing a broker located in a risk jurisdiction and the lack of information about its regulation are sufficient reasons to take additional precautions. Potential investors are urged to be cautious and consider more transparent and regulated options for their investment activities.
📣 LATEST UPDATES:
At the moment we do not have any update.
✔️ CLAIM MONEY FROM WeTrade:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT WeTrade:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
WeTrade is an investment broker in Cryptocurrencies, CFDs, Energy, Forex and Metals.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
WeTrade is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
This company is not serious. I know firsthand, don't do it, listen to me.
Hello Elisabeth, WeTrade is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.