WBI invest is an unauthorized broker and should be avoided at all events. WBI invest claims it is an experienced broker while presenting no details of its regulations. Lacking regulatory information is a distinctive characteristic of unlicensed brokers as licensed brokers always display their credentials and licenses in a prominent position. It is a red flag here.
Viewing its "Contact us" information, we found this firm is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results from FCA's registry. The truth is, WBI invest is not regulated by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law.
What's worse, the Italy CONSOB has issued a warning to warn the public that this firm has not been authorized to provide forex investments and services. You can check the warning here.
Our verdict is that WBI invest is not authorised by any financial regulator. We would advise traders to stay away from this broker and choose properly regulated brokers.
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