WEEX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.weekdefi.com/, about the company's legal and temporary regulatory information, the company's address .
WEEX, officially known as WEEX Global, was founded in 2018 and is headquartered in Singapore. The company operates as a private entity, catering primarily to retail and institutional clients across various global markets. Since its inception, WEEX has aimed to provide a comprehensive trading platform for cryptocurrencies, focusing on derivatives trading, particularly in futures contracts.
The company has witnessed significant growth, amassing a user base of over 5 million traders and achieving a daily trading volume that exceeds $200 million. WEEX has established itself as a notable player in the cryptocurrency exchange sector, emphasizing security and user experience. Key milestones in its development include obtaining regulatory licenses from the U.S. MSB and Canadian MSB, as well as the St. Vincent and the Grenadines Financial Services Authority (SVG FSA).
The business model of WEEX revolves around providing a centralized exchange for trading cryptocurrencies, including spot and futures trading, with a focus on high leverage options. This model allows both retail and institutional investors to engage in various trading activities while benefiting from a secure and regulated environment.
WEEX is regulated by several authorities, including:
The regulatory numbers for these licenses are as follows:
These licenses are valid and cover a range of services that WEEX provides, ensuring compliance with local and international regulations. The company has implemented a Know Your Customer (KYC) and Anti-Money Laundering (AML) policy to enhance security and reduce the risk of fraud. Client funds are kept in segregated accounts to ensure safety, and WEEX participates in a 1,000 BTC protection fund to further safeguard user assets.
The KYC process requires users to submit identification documents, such as a government-issued ID and proof of address, which helps in verifying the identity of clients and preventing unauthorized activities.
WEEX offers a diverse range of trading products, including:
The platform frequently updates its product offerings, introducing new cryptocurrency pairs and futures contracts to meet the evolving needs of its users. Retail clients can access trading services directly, while institutional clients may benefit from tailored services, including white-label solutions and asset management options.
WEEX utilizes a proprietary browser-based trading platform that is designed to cater to traders of all experience levels. While it does not support MetaTrader 4 or 5, the platform offers a user-friendly interface with real-time data and advanced trading tools.
The platform includes a mobile application available for both iOS and Android, allowing users to trade on the go. The execution model employed by WEEX is primarily Market Making, which facilitates efficient trade execution.
WEEX operates its servers in multiple locations to ensure high availability and security. The platform also supports API access for automated trading, providing advanced traders with the tools they need to implement their strategies effectively.
WEEX offers several account types to accommodate different trading styles and preferences:
The leverage offered varies by product, with futures trading allowing up to 200x leverage. The minimum trade size is flexible, depending on the trading pair. WEEX also has a clear overnight fee policy for positions held past their expiration.
WEEX supports various deposit methods, including:
The minimum deposit requirement is 1 USDT, and deposits are processed almost instantly. However, there are no fees for deposits, making it an attractive option for traders.
Withdrawal methods include cryptocurrency transfers, with a minimum withdrawal amount set at $10. The processing time for withdrawals typically ranges from a few hours to a couple of days, depending on the method used. WEEX maintains a competitive withdrawal fee structure, ensuring that clients can access their funds easily.
WEEX provides multiple support channels, including:
The platform supports several languages, ensuring that clients from different regions can access help easily. WEEX also offers educational resources, including webinars, tutorials, and market analysis reports, to help users improve their trading skills.
WEEX operates in over 160 countries, including major markets such as the U.S., Canada, the U.K., and Japan. The platform is designed to cater to a global audience, with a multilingual interface.
However, WEEX does not accept clients from certain restricted countries due to regulatory compliance, including North Korea, Iran, and Syria. Users are encouraged to verify their eligibility based on local regulations before signing up.
In conclusion, the WEEX broker presents a comprehensive trading platform with a strong focus on security and user experience. While it offers a wide range of trading products and features competitive fees, potential users should carefully consider the regulatory landscape and ensure they are comfortable with the associated risks.
FX1893311287
Taiwan
I made a profit trading US stock contracts on the Weex exchange, but the platform deleted my trading records and deducted part of my funds without notifying me. Later, when I tried to withdraw part of my principal, they demanded that I delete the posts exposing my losses on various platforms before I could withdraw my principal. They are using my principal to blackmail me. It's a platform that gambles with its users. If you dare to make money, they dare to take it. My withdrawal failed and was returned. I am unable to withdraw any more funds.
Exposure
05-17
王彬X
Hong Kong
The platform fraud my money because I can only deposit but not withdraw, and I can only buy but not sell. Besides, my withdrawal won't be successful. It's the gang of fraudsters with Zhixing Quantitative, because they fraud your money together. Please stay away from the platform.
Exposure
03-24
LiviaX
Italy
I have found WEEX after trying several exchanges. After a few months I can tell that it is a user-friendly and very intuitive echange. I will keep using it in the future.
Positive
2025-02-21
Jawad1155
Iran
WEEX exchange stands out with its exceptional customer service, providing immediate responses to user inquiries. The AI-powered chatbot also plays a crucial role in delivering key information on trading features efficiently.
Positive
2025-02-21
FX2791158420
South Africa
I was lured into signing up by Weex's $30 registration bonus. The initial $10 was issued as a futures trading bonus, which even after a few days, I was not able to withdraw unless I reached a $4 minimum in profits. If you try to transfer the futures bonus, you automatically forfeit to zero. The $20 was denied after many attempts enquiring with customer service. No clear reason was given. Scam
Exposure
2025-02-21
FX1893311287
Hong Kong
My Real Experience on the WEEX Exchange: Unannounced Fund Deductions, Demanding Post Deletion Before Withdrawals, Account Banned Without Permission. First, a disclaimer: Every sentence below is accompanied by screenshots and screen recordings. The content is for reference only and does not constitute any investment advice. I. Unannounced Deductions from My Account That day, I opened my account and found my balance inexplicably reduced by 2200 USDT. There was no SMS, no app push notification, no email—no notification whatsoever. I contacted the customer service, who said it was a "deduction from risk margin." I asked what the basis was and where the risk lay. Customer service only said it was a "system determination" and told me to check a clause in the user agreement. The user agreement is hundreds of pages long, and I spent an entire night searching but couldn't find a clause stating "deductions can be made directly without the user's consent." This isn't risk control; this is directly taking my money. II. Arbitrary Risk Control, Account Banned Without Permission A few days after the deduction, I logged into trading normally, and suddenly a pop-up window appeared: "Account has exhibited abnormal behavior and trading and withdrawals have been restricted." I submitted all identity verification, facial recognition, and photos of myself holding my ID card, all of which passed. But the risk control was not lifted. Customer service always says the same thing: "It's up to the risk control department to decide; we can't give you a specific reason." In short, the fate of your entire account is in the hands of the platform. Thirdly, the most outrageous: social media blackmail—no withdrawals unless you delete the post. I posted my experience on Weibo, not insulting anyone, just stating the facts. As a result, Weex contacted me on social media: "Please delete the relevant false statements. After deletion, we can prioritize processing your withdrawal issue." "Translate this: If you don't delete the post, you can forget about getting your money back. This isn't something I made up; I'm including screenshots of the private messages. Would a legitimate exchange use users' funds as leverage to force them to shut up? In the end, I deleted the post, and the withdrawal was resolved. But I've completely realized: on WEEX, your money isn't your money, your account isn't your account, and your words aren't your words. In conclusion, if you still have funds on WEEX, I suggest withdrawing them as soon as possible, in small installments, don't leave too much. If you haven't used this platform yet, please go elsewhere. A platform that can arbitrarily deduct funds, arbitrarily ban accounts, and use withdrawals to blackmail users into deleting posts is not worth investing a single penny in."
Exposure
05-21