- 2022-07-31 BrokersView has Reviewed that WMFX is an Unregulated Forex Broker
WMFX claims to be one of the largest foreign exchange brokers in the world while presenting neither details about its company information (trading platform, office address) and regulations, nor legal documents (terms & conditions, risk disclosure, privacy policy, etc.). Lacking such information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is that WMFX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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