West Global Broker Review

West Global Review 2

Latest All(2) Positive(1) Exposure(1)

Exposure

New scammers

Cimer Logo Directorate of Communications Logo Application Inquiry Enter the number of applications. My Applications 21.03.2024 - #2401077556 #2401077556 Application Details Application Date: 21.03.2024 Application Method: Internet Application Type: Complaint West Global investment and Margin Adam Borsa Telegram Group On February 29, upon the intense requests of a female manager in a group I follow on Telegram. I opened an account with $1000. With the $300 Bonus and fixed exchange rate calculation, another $350 was added to the account. I was taken into the VIP group. They shared an average of 7 transactions in the VIP group. But I was gaining access to two of them. The TP points of the transactions they placed generally seemed to arrive at that moment. Transactions usually arrive, albeit with a wait of a few days. My account balance reached $3600 in 10 days. And things suddenly changed. He called a consultant from the institution. Ms. EBRU. We talked about there being no problem and met. He said I made a few transactions. The room started sharing transactions. When I asked if I would face any problems when I wanted to withdraw money, he said of course. But then Ms. ARZU TÜRKDOĞAN, who had been shouting about our women's solidarity on Telegram and who had been extremely polite until then, suddenly started writing harshly. I did not meet the 5% lot transfer requirement. I still don't know what happened. Don't get angry because I don't enter transactions. Otherwise, threats of not being able to withdraw my money, etc. Where have you been for 10 days? I had a situation where I could not withdraw my money from another institution. Anyway, I started entering transactions. But no one comes? Moreover, swap amounts are increasing by one. I ask if it doesn't increase once a day. Because in one of my transactions (the largest of the transactions I opened was 0.2 lots), it increases 3 times in a day, and at least a $ 100 swap is cut. I look at others who share profits in the group. Even a $ 30 swap is not cut in 3 days from a transaction of 9 lots. This is what the global market is like. Anyway, in the evening the account exploded. I opened a trade with the remaining $300 bonus. The Hop Bonus has been withdrawn from the account. Arzu TURKDOGAN and Ms. EBRU, who ask how we are doing every day, don't even know each other anymore. I was removed from the VIP group.

Nagihan

2024-03-21

Positive

I am very satisfied, thank you, I made a quick money withdrawal, I have been working for a long time, I am ahmet

Ahmet 4946

2023-06-23

West Global 2025 Review: Everything You Need to Know

　　Summary: The overall consensus on West Global is overwhelmingly negative, with multiple sources labeling it as a scam. Key findings indicate that the broker operates without regulation and has a history of deceptive practices, particularly concerning fund withdrawals.

　　Note: It's important to highlight that West Global operates across various jurisdictions, which complicates the regulatory landscape. The information presented here is based on various sources to ensure fairness and accuracy.

Ratings Overview

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

　　How We Rate Brokers: Our ratings are derived from a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's operations.

Broker Overview

　　Founded in late 2022, West Global is an online trading broker based in Saint Vincent and the Grenadines. It claims to offer a variety of trading services, including access to forex, CFDs, commodities, and indices. The platform allegedly utilizes the MetaTrader 5 (MT5) trading software, though there are significant concerns regarding its functionality and reliability. Notably, West Global operates without any valid regulatory oversight, which raises red flags for potential investors.

Detailed Section

　　Regulatory Regions: West Global is based in an offshore jurisdiction, specifically Saint Vincent and the Grenadines, where regulatory oversight is minimal. The local financial authority does not regulate brokers, which means that traders have little to no recourse in case of issues. This lack of regulation is a major concern, as it leaves traders vulnerable to fraud.

　　Deposit/Withdrawal Methods: The broker accepts a minimum deposit of $100, but there is little information on the available deposit and withdrawal methods. Reports indicate that users have faced significant difficulties withdrawing their funds, with many alleging that the broker imposes excessive fees or outright blocks withdrawal attempts.

　　Minimum Deposit: As mentioned, the minimum deposit to open an account with West Global is $100. However, this low barrier to entry can be misleading, as many users have reported issues once they attempt to withdraw their funds.

　　Bonuses/Promotions: There are no clear indications of any bonuses or promotional offers available with West Global. The absence of such promotions, combined with the negative user experiences, suggests that the broker is not focused on providing value to its clients.

　　Tradeable Asset Classes: West Global claims to offer a range of financial instruments, including forex pairs, CFDs on stocks, indices, and commodities. However, the lack of transparency regarding the actual trading conditions raises doubts about the legitimacy of these offerings.

　　Costs (Spreads, Fees, Commissions): The broker does not provide clear information regarding spreads or commissions, which is a significant red flag. Many users have reported hidden fees that were not disclosed upfront, further complicating the trading experience.

　　Leverage: West Global offers leverage up to 1:1500, which is significantly higher than what is typically allowed by regulated brokers. While high leverage can amplify profits, it also increases the risk of substantial losses, making it particularly dangerous for inexperienced traders.

　　Permitted Trading Platforms: While West Global claims to provide access to the MT5 platform, there are serious doubts about its reliability. Users have noted issues with the platform's functionality, and many have been unable to execute trades effectively.

　　Restricted Regions: The broker does not clearly specify which regions it restricts, but it has been reported that it accepts clients from high-risk countries, including the United States. This raises further concerns about its legitimacy.

　　Available Customer Support Languages: There is limited information available regarding customer support, and users have reported poor experiences when attempting to reach out for assistance. The lack of responsiveness is a significant concern, as effective customer support is crucial for resolving issues.

Ratings Revisited

Category	Rating (out of 10)	Comments
Account Conditions	2	Low minimum deposit, but high risk.
Tools and Resources	3	Claims to offer MT5 but lacks functionality.
Customer Service & Support	1	Poor responsiveness and support.
Trading Setup (Experience)	2	Difficulties in executing trades.
Trustworthiness	1	Unregulated and labeled as a scam.
User Experience	2	Numerous complaints about withdrawal issues.

Detailed Breakdown

　　Account Conditions: Users have reported that while the minimum deposit is low, the risks associated with opening an account with West Global are high due to its unregulated status. Many have faced challenges in withdrawing their funds, which is a significant concern.
　　Tools and Resources: The broker claims to provide access to the MT5 platform, but users have reported that it is not functional. This raises questions about the broker's legitimacy and reliability.
　　Customer Service & Support: The customer service experience has been overwhelmingly negative, with many users reporting that their inquiries go unanswered or are met with unhelpful responses.
　　Trading Setup (Experience): Users have expressed frustration with the trading experience, citing difficulties in executing trades and a lack of transparency regarding trading conditions.
　　Trustworthiness: West Global is considered highly untrustworthy due to its lack of regulation and numerous complaints from users alleging fraudulent practices.
　　User Experience: Overall user experiences have been poor, with a significant number of reports detailing issues with fund withdrawals and unresponsive customer support.

　　In conclusion, the West Global review paints a concerning picture of a broker that operates without regulation and poses significant risks to potential investors. The overwhelming consensus from various sources is to avoid this broker altogether.