Beware! Wrxst-global.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
There isn’t anything on Wrxst-global.com’s agenda that is concerned with stabilizing its business and making a name for itself. Recyclable brokers such as this one are like scratch cards, where your dollar has been wasted on a false belief and you move on to the next card. Wrxst-global.com will be forgotten, and what’s worrying is that the creators of such scams are completely aware of this. As a result of this, the fraudsters do not put effort into their schemes, and it shows.
Actually, Wrxst-global.com has already begun to disintegrate. Appropriate as it may be, if not also quite ironic, the account creation page was broken, and there was no way to open an account, whether one wishes to or not.
Maybe Wrxst-global.com has a hidden dashboard reserved for a chosen few users who promise fast and blind deposits. Maybe.
As for the review, we will have to take all the trading and payment information from the website, and so we have to mention that the details on it are not to be trusted.
And so, the site reveals that commodities, indexes, shares, and forex currency pairs are the tradeable instruments, while the leverage cap is 1:100. Unfortunately, there was no indication of a spread.
The website is available in English, Japanese, and Chinese.
WRXST-GLOBAL.COM REGULATION AND SAFETY OF FUNDS
From the get-go, we have to say that Wrxst-global.com has an extremely uninformative site, and it made each browse-through a chore.
Yet, we did stumble upon some fake news. The broker claims to be licensed by the FCA, Bafin, and the KNF in Poland. We did not even have to go looking into these claims, for we knew that Wrxst-global.com had lied about each and every one of them. This sloppy broker is not licensed by any of these regulators, and in fact, we are surprised that it got only one warning issue against it by CySEC.
The ridiculous notions continue, this time with a forged and very fake NFA certificate. The NFA is one of two major US regulatory bodies, and as such, they are in charge of licensing some of the most important FX businesses in the world. There is no doubt in is saying that they wouldn’t even bat an eye at Wrxst-global.com.
There is no other information here of help, but we got what we needed, and then some. Wrxst-global.com is definitely unlicensed and a risk to all. It is also a scam! All personal details and investments are at risk with it!
If one were to find a reason for investing in unlicensed brokers it would create a seismic shift in the market industry. But until then, your money will be wasted with unlicensed entities. Their only purpose is to steal money and use it for their own benefits. Not unlike regulated brokers, whose goal is to provide a stable, safe, and fair trading environment. We say go for any UK, EU, US, or Aussie-regulated brokers, although there are many other great licensors out there. Financial watchdogs are responsible for sustaining the market industry as a whole, and they are what keeps everything in place. Without them, scammers would be rampant. Put your trust in them, for we have!
WRXST-GLOBAL.COM TRADING SOFTWARE
We have mixed feelings about the inclusion of the MT5 here. On the one hand, we have the best trading software in the industry and that, in and of itself, is always a plus in our book.
On the other hand, though, the MT5 does nothing to improve the state and conditions of Wrxst-global.com. The broker cannot be redeemed by the mere inclusion of a trading software, even if it’s the MT5.
Wrxst-global.com is still a scam and a risk to all investments, and the only way to fix this is to do a complete makeover, which seems impossible at this point.
WRXST-GLOBAL.COM DEPOSIT/WITHDRAW METHODS AND FEES
Last but not least, we have the payment conditions, arguably a crucial section of any broker. Yet, Wrxst-global.com has not included any payment information, for some reason or another, although the broker is a scam and therefore it does not really concern itself with being informative and fair with its users.
Moreover, there is no real reason to be angry or worried, for users shouldn’t be investing in this broker in the first place. Wrxst-global.com will steal your money, as scammers have been known to do!
HOW DOES THE SCAM WORK
The way the scam works is the same way it has been since the begining. Very few changes have been made since its inception.
First, the user is attracted to one of many online ads that promise wealth and prizes, or he can be triggered via an email received from the broker.
If these sound too good to be true, then the user, out of curiosity, will scout the website of the broker and either be fooled by the offers there or will immediately understand the fraudulent nature of things.
The broker will require some sort of contact method from the user, so that the scammers can keep a tab on the user. The client will then be pushed into investing as many times as possible, but the general rule is that once an initial deposit is made the user will be more willing to invest more.
At some point – it’s inevitable – the user will feel like he wants to see some of that promised money, and will ask for a withdrawal. At this point, the broker has lied his way through a couple of investments. Once the withdrawal request hits, the broker will do everything in its way to stall it or cancel it. One way or another, the user will have a very hard time receiving his money back.
WHAT TO DO WHEN SCAMMED
VISA and MasterCard have extended their chargeback periods to 540 days, meaning that user has more than enough time to file for one. This is the safest bet for your money back.
If the money invested was made through a bank, then we urge victimized users to change their bank account pass and user name ASAP. And then they should contact the bank support team and explain their situation.
Crypto investments are the riskiest of all because they are untraceable. Only the broker can repay you if it wishes to do so.
Do not put your money with recovery agents no matter how tempting it may sound. It’s the temptation that got you in this mess in the first place! Recovery agents will promise to reimburse users for an exchange fee that will be also stolen!