WEBX TRADER

According to WikiFX data, WEBX TRADER holds no valid forex trading licenses and operates without regulatory oversight, resulting in a WikiFX score of just 1.49. This places the broker in a high-risk category. The lack of a credible regulatory framework means traders face substantial uncertainty, and the presence of multiple user complaints about withdrawal issues further undermines confidence. Traders should exercise extreme caution and conduct thorough due diligence before considering any engagement.

No, WEBX TRADER is not regulated by any recognized financial authority. The license list provided by WikiFX shows no entries for forex or other trading licenses. The broker operates under the entities webx solution (SV) Ltd and WEBX SOLUTION ltd, registered in the United Kingdom, but registration does not equate to regulatory oversight. Traders should be aware that there is no independent supervision of the broker’s operations.

The minimum deposit depends on the account type. The Micro and Commission Accounts require a minimum of $100, making them the most accessible. The Islamic and Premium Accounts start at $5,000, the WEBX ZERO Spread Account at $10,000, and the Webxcopy account requires $2,500 for strategy providers and $1,000 for followers. The lowest entry point is therefore $100.

The trading platforms available at WEBX TRADER are not publicly disclosed. While the account types support features like algorithm trading (EA) and scalping, which are common on MetaTrader platforms, the broker does not explicitly list MT4 or MT5 support. Traders should verify platform availability directly with the broker before opening an account.