WOUFX Positions Itself as A-Book-Only Forex Broker Ahead of Launch

An Uzbek entrepreneur known as the "Wolf of Uzbekistan" registered WOUFX LLC in the United States last autumn to operate a forthcoming retail forex brokerage, The Wolf of Uzbekistan Forex, commonly referred to as WOUFX. The platform presents itself as a "transparent A-Book forex broker."

According to data from the Bank for International Settlements, average daily turnover in the global foreign exchange market reached $9.6 trillion in 2025. Industry estimates suggest that more than 80% of retail forex traders lose money. Critics of the B-Book execution model argue that it creates an inherent conflict of interest, as a broker's profits may be linked directly to client losses.

WOUFX states that it operates exclusively under an A-Book/STP model, meaning all client orders are routed directly to external liquidity providers and the broker does not take the opposite side of trades.

The company says its revenue is generated solely through fixed commissions. It has also confirmed that it does not offer trading bonuses, partner or referral programmes, and has capped maximum leverage at 1:200.

According to WOUFX, this structure is designed to reduce incentives for excessive risk-taking and remove conflicts of interest between the broker and its clients. Company representatives describe the model as an attempt to align client trading outcomes with the long-term sustainability of the brokerage.

WOUFX was founded by Uzbek trader Eshniyezov Shohzakhon Akmal ugli, who is known in trading circles under the same "Wolf of Uzbekistan" moniker. The company says he has more than 13 years of experience in financial markets.

In 2021, Eshniyezov published verified trading results accompanied by open reporting and video analysis. WOUFX states that the principles of public verification and transparency have been incorporated into its operational approach.

The broker emphasises that it serves clients outside the United States and does not offer retail forex services to US residents. At the same time, it says it voluntarily chose a jurisdiction with stricter disclosure and corporate reporting requirements.

Market observers note that the rejection of the B-Book model remains uncommon in the retail forex sector, where bonus schemes, partner incentives and internalised order execution are still widespread. Against this backdrop, WOUFX's approach may draw attention from regulators and industry professionals. The company does not promise fixed returns or simplified market access, instead positioning its infrastructure for experienced traders willing to operate under transparent execution and standard market risks.