W2W Capital Forex Broker

Note: W2W Capital's official website: https://w2wcapital.com/ is currently inaccessible normally.W2W Capital Review SummaryFounded2021Registered Country/RegionUnited StatesRegulationUnregulatedMarket Instruments250+, Forex, Commodities and IndicesDemo Account❌Leverage1:500EUR/USD Spread1.7 pips (Classic account)Trading PlatformMT4Min Deposit$250Customer SupportEmail: info@w2wcapital.comPhysical address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines W2W Capital is a financial broker that was registered in 2021. It facilitates trading in Forex, Commodities and Indices through the MT4 platform and offers five types of accounts, requiring a minimum deposit of $250. Nevertheless, W2W Capital does not possess a legal license issued by any official financial regulatory authority.Pros and ConsPros Cons Multiple account typesNo regulationFlexible leverage ratiosUnavailable websiteMT4 trading platformLimited tradable asset classesPopular payment optionsHigh minimum depositOnly email supportIs W2W Capital Legit? No, W2W Capital is not a legitimate broker. It operates in Saint Vincent and the Grenadines, an offshore haven known for scams. The country lacks any regulation of its foreign exchange market, resulting in unregistered and potentially non-transparent companies. Notably, W2W Capital acknowledges its registration in Saint Vincent and the Grenadines on its official website:What Can I Trade on W2W Capital? W2W Capital claims to offer more than 250 trading instruments across three classes, includingForex, Commodities and Indices.Tradable Instruments Supported Forex ✔Commodities✔Indices✔Shares❌Cryptocurrencies❌Bonds❌Options❌ETFs❌ However, since its website is currently inaccessible, we are unable to obtain detailed information about the specific types of tradable instruments it offers. In addition, this broker has not obtained any license from a regulatory oversight institution, which means there is no need to waste time trying to gather detailed information about its trading tools.Account Type W2W Capital offers five distinct types of accounts. The minimum deposit requirement for the Classic account is $250, but the next kind of account on the list has a minimum deposit requirement of $10,000, rising up to 500,000.Account TypeMin DepositClassic$250Advance$10,000PRO$25,000VIP$100,000Elite$500,000 Regardless of whether it's the lowest $250 or the highest $500,000, these are significant amounts of money. Ultimately, your assets may become completely unwithdrawable, or even lost to fraud. Do not fall into their trap.Leverage Regarding leverage, W2W Capital offers a leverage of 1:33 for the Classic account, but the maximum leverage can reach up to 1:500. This is excessively high for retail clients and is a common strategy employed by offshore companies, aiming to cheating clients to deposit larger amounts of money.Account TypeMax LeverageClassic1:33Advance1:100PRO1:300VIP1:500Elite1:500Spread The minimum spread of 0.1 pips is quite competitive within the industry. However, please bear in mind that this is an unregulated broker. Many other licensed brokers offer similar spreads without posing any risk to your funds.Account TypeSpreadClassic1.7 pipsAdvance1.4 pipsPRO1 pipVIP0.7 pipsElite0.5 pipsTrading Platform W2W Capital offers the web-based MetaTrader 4 platform, but due to the inability to register an account, we are unable to test its authenticity. In addition, trading platform provided by offshore brokers like W2W Capital is often manipulated, and your funds may end up in the pockets of the fraudulent broker. It is best for you to choose a reliable broker and a trustworthy platform to trade safely!Trading PlatformSupported Available Devices Suitable forMT4✔WebBeginnersMT5❌/Experienced tradersDeposit and Withdrawal W2W Capital claims to accept deposits via credit cards, Bitcoin, and wire transfers. However, it does not mention any information regarding withdrawal fees.