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WB Forex Broker provides real users with * positive reviews, * neutral reviews and 16 exposure review!

WB Broker Review

6.51

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White Label

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Risk Manage

WB Review 16

Latest All(16) Exposure(16)
Exposure
Unable to withdraw funds

Under the banner of poverty alleviation, they did shady things, frequently placing orders, causing slippage, closing trading accounts, and not allowing withdrawals. It’s a black platform fraud company.

FX3190909879
2024-01-03
Exposure
Unable to withdraw

In the early morning of November 9, I suddenly couldn't place an order during the transaction. I went to ask the customer service, and the customer service told me, "I received a notice from the circulation dealer that positions are not accepted at the moment. You can close the position as soon as possible and apply for a full withdrawal." Then I withdrew the money and was told that I would have to wait 1-3 working days. They didn't want me to withdraw. The customer service was also irritating and the consultant couldn't be found. It felt like it was being delayed. They don't want me to withdraw money. Then it's the weekend and he can delay it even more.

幸运蓝
2023-11-09
Exposure
The platform charges huge profit spreads to defraud investors

I mainly reported a few issues with WB: First, the platform’s profiteering spreads caused the “small fluactuation market”, investors “scalped” back and forth, and most of the profits were taken away by the platform. For WB's MT4 gold (marked as "GOLD" in the system), the spread of 0.1 standard lot is 5 dollars, and the spread of silver (marked as "Silver" in the system) is 20 dollars; every fluctuation of silver (0.01 dollars) is 5 dollars, while gold is $0.5; while spot silver (XAGUSD.S) of the same species only needs a spread fee of $15 in another platform CWG, and a fluctuation is $2.5, and gold (XASUSD.S) only needs 1.5 US dollar spread fee, a fluctuation of 0.1 US dollars, which is equivalent to 2 fluctuation and more expensive than silver, and 5 times more expensive than gold. Second, there are serious bug in the lock-up operation of the platform: I bought 0.1 lot of silver from Sell 22.13 on the WB mt4 platform. Due to the continuous rise in subsequent prices and the problem with the amount of my funds, I had to take the same amount to buy more Buy 0.1 lot of silver is 22.66, and because follow-up operations may have an impact on the long order, I closed the long position at 23:01 on 2022/12/07, with a loss of 25 US dollars, but the platform immediately triggered the stop loss, resulting in my empty order directly It was considered liquidated by the system and forced to close the position, and there was no money left in the end. Seriously affect subsequent operations

Ginko
2022-12-08
Exposure
Fraud platform. Scam company

Under the banner of poverty alleviation, Hong Kong WB Co., Ltd. is doing shameful things. Illegal and frequent place orders and lags, freeze account and do not allow withdrawal.

FX3190909879
2022-10-29
Exposure
Fraud platform. Fraud company

Under the banner of poverty alleviation, Fuglin Co., Ltd. is doing shameful things. The customer service manager said that there are big non-agricultural markets and big market conditions, which will induce you to deposit funds, illegally and frequently call orders, freeze, slippage, freeze accounts, and do not allow withdrawals.

FX3190909879
2022-09-27
Exposure
Freeze account and unable to withdraw

The No. 100 member platform of Fuggin is a fraud platform of fraudulent companies, which frequently calls for orders illegally casuing a serious loss of 420,000 yuan. The account is also frozen to prevent withdrawals. The account has been frozen for three months, just looking for an excuse to deny withdrawal. This kind of fraud platform should be seriously investigated

FX3190909879
2022-09-13
Exposure

Under the banner of poverty alleviation, they do thing that illegal, and frequently call you to place orders illegally, resulting in a loss of 4.3 trillion yuan. The account is also frozen and the withdrawal is not allowed. Deposits and receipts are all from different private accounts and there are more than 30 bank cards. This is a scam company.

FX3190909879
2022-09-12
Exposure
Lies in the name of poverty alleviation, do shameful things, and refuse to withdraw

Freeze account, do not allow withdrawals, frequently call orders, lose 4.3 trillion fraud platform

FX3190909879
2022-09-12

  

WB 2025 Review: Everything You Need to Know

  The WB Forex Broker has garnered significant attention in the trading community, primarily due to its controversial reputation. This review synthesizes various user experiences and expert opinions, revealing a predominantly negative outlook on the broker. Key issues include questionable regulatory status, poor customer service, and frequent complaints about withdrawal difficulties.

  Note: It's crucial to recognize that WB operates under different entities across regions, which may affect its legitimacy. This review is based on a comprehensive analysis of available data to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2
Overall Rating 2.5

  How We Rate Brokers: Our ratings are based on user feedback, expert analysis, and factual data regarding trading conditions, customer service, and overall experience.

  

Broker Overview

  Established in 2022, WB Corporation Limited operates primarily in the Hong Kong market. The broker claims to offer trading services through the popular MetaTrader 4 (MT4) platform, focusing on assets such as London gold and silver. However, WB has been flagged as a suspicious clone by various regulatory bodies, raising concerns about its legitimacy and operational transparency.

  

Detailed Information

  • Regulated Regions: WB is registered in Hong Kong but lacks credible regulatory oversight from recognized authorities.
  • Deposit/Withdrawal Methods: The broker offers limited payment options, including bank remittance and online payments, but specific details on withdrawal methods and associated fees are vague.
  • Minimum Deposit: The minimum deposit varies by account type, with some accounts requiring as much as $1,000.
  • Bonuses/Promotions: There is little information available regarding bonuses or promotional offers, which is often a red flag in the industry.
  • Tradable Asset Classes: WB primarily offers trading in London gold and silver, limiting market diversity.
  • Costs: Users report high spreads, with gold spreads reaching $37 per lot and silver spreads at $20 per lot, which are significantly higher than industry averages.
  • Leverage: The maximum leverage offered is 1:50, which can amplify both profits and losses.
  • Trading Platforms: The primary platform is MT4, known for its user-friendly interface, but the lack of alternative platforms may deter some traders.
  • Restricted Regions: The broker appears to be mainly focused on the Chinese market, potentially limiting access for international traders.
  • Customer Support Languages: Customer support is primarily offered in Chinese, which may pose a challenge for non-Chinese speaking clients.

  

Ratings Breakdown

  •   Account Conditions (3/10): Users have reported high minimum deposit requirements and unfavorable trading conditions, including high spreads that significantly cut into potential profits. According to WikiFX, the broker's account types lack transparency, making it difficult for traders to understand the full scope of their trading conditions.

  •   Tools and Resources (4/10): While WB provides access to the MT4 platform, the lack of additional trading tools and resources limits its appeal. Users have expressed disappointment over the absence of educational materials and market analysis, which are crucial for informed trading decisions.

  •   Customer Service and Support (2/10): Customer service has been a major pain point for users. Complaints about delayed responses and unhelpful support staff are rampant. A user on WikiBit highlighted their frustration with the unresponsive customer service when attempting to withdraw funds.

  •   Trading Setup (3/10): The trading experience has been marred by reports of slippage and execution issues. Users have noted that their orders were frequently delayed or not executed as expected, leading to significant losses.

  •   Trustworthiness (1/10): WB has been flagged as a suspicious clone, with multiple reports indicating potential scams. According to WikiFX, the lack of regulatory oversight and numerous complaints about withdrawal difficulties raise serious concerns about the broker's trustworthiness.

  •   User Experience (2/10): Overall user satisfaction is low, with many traders expressing regret over their decision to use WB. The combination of poor customer service, high costs, and execution issues has led to a negative trading environment.

      

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    Conclusion

      In summary, the WB Forex Broker presents numerous red flags that potential investors should carefully consider. The lack of regulatory oversight, high costs, and poor customer service significantly diminish its appeal. While the broker offers access to popular trading platforms and a limited selection of assets, the overall user experience has been overwhelmingly negative. It is recommended that traders conduct thorough research and consider more reputable alternatives before engaging with WB.

      For those seeking a reliable trading experience, exploring brokers with robust regulatory frameworks and positive user feedback is advisable.