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WTi Forex Broker provides real users with * positive reviews, 1 neutral reviews and 12 exposure review!

WTi Broker Review

1.54

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Business

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WTi Review 13

Latest All(13) Neutral(1) Exposure(12)
Neutral

Very disappointing trading experience. I opened an account with WTi and traded for a while, but recently tried to apply for a withdrawal but found that it was unsuccessful. I have followed all the instructions and provided all the necessary documents, but my withdrawal request has been rejected or unresponsive. This has caused me a lot of trouble and inconvenience, and I hope that WTi can solve this problem as soon as possible so that I can withdraw my funds smoothly. If this problem is not reso

风铃2628
2023-03-22
Exposure
Fraud platform

This platform is scam and the police informs that they operate in Myanmar and did not connect with internal staff. I am also one of the victims. Hard experience.

喜茶
2022-04-08
Exposure

This situation has lasted for two months

FX5943209272
2021-05-06
Exposure

It has been a week. We should open our eyes

蔡大炮
2021-03-01
Exposure
I encounter the same situation as the man exposing before

A beauty added my WeChat but now she just goes into reverse without warning. The withdrawal hasn’t arrived for days. And I am sure that it is a fraud platform. Please invest prudently

蔡大炮
2021-02-26
Exposure
Ask u to add more money without letting you withdraw funds. And they promise I can profit double of the money

Do not be cheated guys

蔡大炮
2021-02-20
Exposure

Cheat me from IFDC to WTI[d83d][de2d] Fortunately, I saw an exposure before, otherwise I might be still cheated [d83d][de13]

FX3567093772
2021-02-03
Exposure
Withdrawal problems. Induce you to add funds

At first, the analyst induced me to deposit $1,000 and I profited 35% within seven days. The analyst persuaded me to add funds to invest together when I second invested, $10,000 in total (I invested $3,550, the analyst invested $6,450), profiting $12,308. When I withdrew, the customer service asked me to pay 10% service fee. I let them deduct it from my account balance, but they said it can't be deducted from it. Besides, WTI asked me to pay 10% of 12,308, which is 1,230. Then I questioned them why I should pay all of it while my profit was 10% of 4,000. The company said it was none of their business. Then the USA election. The analyst hold long positions at the peak of the market, making my account balance become negative within 30 minutes. While the analyst said I owe WTI money and I have to add funds of %100,000 to get my money back. I won't trust WTI anymore since then.

Tony59741
2020-11-16

  

WTI 2025 Review: Everything You Need to Know

  In the world of online trading, finding a reliable broker is essential for success. This WTI review aims to provide a comprehensive overview of WTI Limited, a broker that has garnered mixed feedback from users and analysts alike. While some traders appreciate its low initial deposit requirements and the use of the popular MT4 trading platform, others raise concerns about its regulatory status and the overall user experience.

  Note: It is important to be aware that WTI operates under different entities across regions, which may impact its regulatory compliance and user experience. This review aims for fairness and accuracy by synthesizing information from multiple reliable sources.

  

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

  How We Rated the Broker: Our ratings are based on a combination of user feedback, expert opinions, and factual data extracted from multiple sources.

  

Broker Overview

  Founded in 2020, WTI Limited claims to offer a range of trading services primarily focused on forex and precious metals. The broker operates on the widely-used MT4 platform, which is known for its user-friendly interface and advanced trading tools. However, WTI Limited's regulatory status is questionable, as it has been flagged by multiple financial authorities, including New Zealand's Financial Markets Authority (FMA), for operating without proper authorization.

  

Detailed Breakdown

  •   Regulated Areas/Regions:

      WTI Limited claims to be based in New Zealand but lacks valid regulatory oversight from the FMA. This raises significant concerns regarding the broker's legitimacy and trustworthiness.

  •   Deposit/Withdrawal Options:

      The broker appears to support various payment methods, including Neteller, Skrill, Visa, and bank wire transfers. However, there are reports of difficulties in processing withdrawals, which is a red flag for potential investors.

  •   Minimum Deposit:

      WTI Limited has a low minimum deposit requirement, which can attract novice traders. However, this could also serve as a tactic to lure in unsuspecting clients.

  •   Bonuses/Promotions:

      There is little information available regarding bonuses or promotions offered by WTI. Many reviews suggest that any bonuses may come with stringent withdrawal conditions.

  •   Tradable Asset Classes:

      The broker primarily offers forex and precious metals. However, the limited asset range may not meet the diverse needs of traders looking for more options.

  •   Costs (Spreads, Fees, Commissions):

      WTI has not provided clear information on spreads and commissions. User reviews indicate that hidden fees may apply, which could impact overall trading costs.

  •   Leverage:

      The broker offers leverage up to 1:100, which can be enticing for traders looking to maximize their positions. However, high leverage also increases the risk of significant losses.

  •   Allowed Trading Platforms:

      WTI Limited operates solely on the MT4 platform, which is a widely accepted trading software. However, the lack of MT5 or proprietary platforms may limit trading capabilities for some users.

  •   Restricted Areas:

      There is no clear information on restricted regions, but given its unregulated status, traders from various jurisdictions should exercise caution.

  •   Available Customer Support Languages:

      WTI Limited provides customer support primarily in Chinese, which may limit accessibility for non-Chinese speaking traders.

      

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    Ratings Revisited

    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

      

    Detailed Analysis

    •   Account Conditions:

        The account conditions at WTI Limited are considered below average, primarily due to the lack of regulatory oversight and transparency concerning fees and commissions. According to various sources, the broker's low minimum deposit may attract new traders, but the risks associated with unregulated trading cannot be overlooked.

    •   Tools and Resources:

        While WTI Limited utilizes the MT4 platform, which is rich in features, the absence of additional trading tools and educational resources is a significant drawback. Many users have expressed dissatisfaction with the lack of comprehensive market analysis and research tools that are crucial for informed trading decisions.

    •   Customer Service and Support:

        Customer support has been a major pain point for WTI Limited. Numerous reviews highlight the challenges in reaching customer service, with many users reporting long response times and limited availability. The absence of direct contact methods like phone support further exacerbates these issues.

    •   Trading Setup (Experience):

        The trading experience on the MT4 platform is generally positive due to its user-friendly interface. However, the lack of advanced features and customization options compared to other brokers has led to a less favorable trading environment.

    •   Trustworthiness:

        Trustworthiness is a critical concern for WTI Limited. The broker has received a low trust score due to its unregulated status and numerous complaints from users regarding withdrawal issues and account management.

    •   User Experience:

        Overall user experience is marred by the broker's lack of transparency and regulatory compliance. Many users have reported feeling misled regarding the broker's operational practices, leading to a general sense of distrust.

    •   In conclusion, the WTI review reveals a broker that may appeal to novice traders due to its low entry barriers but poses significant risks due to its unregulated status and poor customer service. Potential investors are strongly advised to conduct thorough research and consider more reputable alternatives before engaging with WTI Limited.

WTi review