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.