WATT AND VOLT Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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The platform refuses to pay agent commissions. It promised to pay the money daily but delayed it with various excuses afterwards. The scam platform cheats customers’ deposits.
Watt And Volt, a brokerage based in Greece, has garnered mixed reviews in the forex trading community. While some users appreciate the range of trading instruments available, concerns about the broker's regulatory status and customer service persist. This review summarizes key features, user experiences, and expert opinions to help potential traders make informed decisions.
Note: It's important to highlight that Watt And Volt operates across different regions, which may affect user experiences and regulatory compliance. This review aims for fairness and accuracy by considering multiple sources.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4.0 |
| Tools and Resources | 4.5 |
| Customer Service and Support | 3.5 |
| Trading Experience | 4.0 |
| Trustworthiness | 2.0 |
| User Experience | 3.5 |
We score brokers based on user feedback, expert opinions, and factual data from reliable sources.
Founded in 2011, Watt And Volt is a forex brokerage that provides various trading services to clients globally. The broker is headquartered in Maroussi, Athens, Greece. Notably, Watt And Volt does not offer trading on popular platforms like MetaTrader 4 or MetaTrader 5, which may deter some traders. The brokerage provides access to a range of financial instruments, including forex, CFDs, commodities, and indices, but it operates without regulatory oversight, which raises red flags for many potential clients.
Watt And Volt operates in an unregulated environment, which is a significant concern for many traders. According to several sources, including PediaFX and WikiFX, the lack of proper regulation means that traders have little recourse in case of disputes or issues with fund withdrawals. This absence of oversight can lead to higher risks associated with trading, making it crucial for potential clients to evaluate their risk tolerance before engaging with this broker.
The available deposit and withdrawal options for Watt And Volt are not well-documented. Users have reported difficulties with withdrawals, which can be a significant deterrent for potential traders. Furthermore, the broker's approach to cryptocurrencies remains unclear, with no specific mentions of crypto trading options or related services.
While specific details on the minimum deposit requirements for Watt And Volt were not consistently reported across sources, the general consensus indicates that the broker may have relatively low entry barriers. However, potential clients should verify these details directly with the broker to avoid any surprises.
Information regarding bonuses and promotions offered by Watt And Volt is sparse. Some users have expressed disappointment over the lack of promotional incentives, which are often a standard practice among competitive brokers. This absence may affect the overall attractiveness of the broker for new clients.
Watt And Volt offers a diverse range of tradable asset classes, including forex, CFDs, commodities, and indices. However, the lack of popular trading platforms like MT4 or MT5 means that traders may miss out on advanced trading tools and resources that are typically available with other brokers.
The cost structure associated with trading at Watt And Volt is another area of concern. While some users have reported competitive spreads, the overall fees and commissions remain unclear and inconsistent across various sources. Traders should be cautious and ensure they fully understand the cost implications before opening an account.
Details regarding leverage options at Watt And Volt were not consistently available, but it is essential for traders to consider the leverage ratios offered by the broker. High leverage can amplify both profits and losses, making it a critical factor in the decision-making process.
As mentioned earlier, Watt And Volt does not provide access to widely-used trading platforms like MetaTrader 4 or MetaTrader 5. This limitation may hinder traders who prefer the advanced features and user-friendly interfaces of these platforms.
Information regarding restricted regions for Watt And Volt was not prominently featured in the search results. However, it is advisable for potential clients to check whether their country of residence is eligible for trading with this broker.
Watt And Volt's customer support services appear to be limited, with reports of slow response times and inadequate assistance. The languages supported by their customer service team were not explicitly stated, which could pose challenges for non-Greek speakers.
The account conditions at Watt And Volt are relatively average, with some users appreciating the low minimum deposit but expressing concerns about withdrawal processes.
While the broker offers a range of trading instruments, the lack of popular trading platforms like MT4 or MT5 limits the available tools and resources for traders.
Customer service has been a pain point for many users, with reports of slow responses and insufficient support. This aspect can significantly impact the trading experience.
The trading experience at Watt And Volt is mixed, with some users appreciating the variety of asset classes available, while others are deterred by the platform limitations.
The unregulated status of Watt And Volt raises significant concerns about trustworthiness. Many experts and users advise caution when engaging with this broker.
Overall user experience is below average, with many users reporting frustrations related to customer support and withdrawal processes.
In conclusion, Watt And Volt presents a mixed bag for potential traders. The absence of regulation, coupled with concerns about customer service and trustworthiness, should prompt caution. While the broker offers a variety of tradable instruments, the lack of popular trading platforms and unclear fee structures may deter many potential clients. As always, thorough research and careful consideration of personal risk tolerance are essential before engaging with any broker, especially one like Watt And Volt.
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