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Effortwe

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Operating status: SCAM

Website: https://www.effortwe365.com/

Broker violations and abnormal records
  • Jul 06, 2021 BrokersView has reviewed that Effortwe Global is an unregulated forex broker
    Effortwe claims that it is a global online foreign exchange and differential broker registered and supervised in many countries without presenting any details about its trading license and contact information. According to the location shown on its MT5 software, this broker, operated by EFFORTWE GLOBAL LIMITED, is a UK-based company registered with Companies House. However, Companies House is only the United Kingdom's companies registrar. It is not a regulator that approves licenses for the brokers in the UK. The truth is, there is no regulatory information about Effortwe can be found on the UK's Financial Conduct Authority (FCA) online registry, as well as on any other financial regulators' websites. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Effortwe claims that it is a global online foreign exchange and differential broker registered and supervised in many countries without presenting any details about its trading license and contact information. According to the location shown on its MT5 software, this broker, operated by EFFORTWE GLOBAL LIMITED, is a UK-based company registered with Companies House. However, Companies House is only the United Kingdom's companies registrar. It is not a regulator that approves licenses for the brokers in the UK. The truth is, there is no regulatory information about Effortwe can be found on the UK's Financial Conduct Authority (FCA) online registry, as well as on any other financial regulators' websites. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Oct 29, 2021 BrokersView has found that Effortwe is not working

    BrokersView found the domain https://www.effortwe365.com/ is not working, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.

    BrokersView found the domain https://www.effortwe365.com/ is not working, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.

Related Complaints

Q&A

Is Effortwe licensed?

Vitaliy Dubiv
Russia
Oct 19, 2021
ANSWER Effortwe is NOT a licensed broker. This broker claims to be a global online foreign exchange and differential broker registered and supervised in many countries without presenting any details about its trading license and contact information. The lack of information (or false information) about the broker's regulation, contact details and requisite legal documents is always the biggest bad sign for potential traders. According to the location shown on its MT5 software, this broker, operated by EFFORTWE GLOBAL LIMITED, is a UK-based company registered with Companies House. However, Companies House is only the United Kingdom's registrar of companies, it is not the regulator that approves licenses for the brokers in the UK. The truth is, there is no regulatory information about Effort can be found on the UK's Financial Conduct Authority (FCA) online registry, as well as on any other financial regulators' websites. Our final conclusion is that Effortwe is thoroughly a scam on account of running the business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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11 comments

Luis Fernando
They promised me 100% credit for depositing $500USD, received nothing.To deposit funds, and withdraw funds, it is a nightmare. using russian middlemen websites to be able to transfer money over. Some websites had system errors. if you like spreading your credit card numbers all over Russia then go for it.No data flow in MT4, sometimes waiting 5 minutes for data, they will blame your internet connection.
Aug 14, 2024
Reply
mashfaq
VERY BIG SILENT SCAM :)))) I OPEN A BONUS ACCOUNT WITH 500$, EXECUTION VERY NICE, AND I MAKE 130$. AFTER THIS I DEPOSIT MORE 130$. THE PROBLEM START HERE.8 SECONDS TO OPEN AND CLOSE TRADES, PRICE HAVE 20 PIPS DIFERENCE FROM OTHER BROKERS ETC.. VERY BIG SCAMMERS....EVERYTHING IS BEAUTIFUL TO YOU DEPOSIT BUT AFTER NIGHTMARE BEGINS !!!
Aug 13, 2024
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Lodi
They don't pay, my withdrawal request is pending for along time, and support doesn't answer my emails.
Jul 10, 2024
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Derek
Opan and close of positions is very slow, on my demo account
Jul 05, 2024
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Darko Cakardic
Grandcapital is reliable.Sergey is a nice account manager and i have had any problem with either depositing or withdrawal of funds
Jul 03, 2024
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ericastro
Accidentally I saw the advert about bonus 40% on every deposit from this broker. I never heard about grand capital before. So I visited their site and was surprised - this broker has many instruments - cfd, binary options, forex. All instruments in mt 4. So i decided to open an account with 100$. Actually i did not regret - a lot of tools , very good platform . But the company with the registration of the Seychelles - and it's not even a license. But other way its old company - founded in 2006. For a while I will continue trading with this broker.
Jun 25, 2024
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Mohammad Abdullah
Grand Capital they have wrost technical support. Once you place withdrawl request you think you will get in 3 days as their terms. But the third day they will decline your withdraw request and say rule no, 3.1.2 you cant withdraw money while trades are running even there is enough margin . They want client close all trades and wait three days without trading then we withdraw ??How its posible ?? lol what a joking broker they just dont give money back. sucks i dont suggest anyone to join them if you want your withdraw quick
Jun 21, 2024
Reply
Vinicius Carvalho
I make trading in the last six months in the Grand Capital, and I am satisfied with this broker.Very Fast Deposit and Withdraw. Great support !!!Good Broker
Jun 19, 2024
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Sihle Malinga
The company rule is you can withdraw ib commission after the 10th of month. i have made 1050$ ib commission i placed withdraw its take five days. second day they removed all the commisison only 30$ left there. when i gone to the support they said contact technical support which never give answers. There BDM is Gautam Das who was called me to join Grand Capital he is also not asnwering well. he is the manager of india. Never Join This Scam Company
Jun 17, 2024
Reply
Pachara
I have been with this broker for ages now and for me it is definitely one of the top brokers out there. I would really recommend them if you are looking for a reliable broker where you can use an EA. My EA works perfect with them and I have never had any issues with withdrawal.
Jun 12, 2024
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