Wali St

Wali St Ltd., operating for 2-5 years and registered in Saint Lucia, is an unregulated entity with a WikiFX assessment score of 1.31. The absence of credible regulatory oversight and a reported suspicious business scope places it in a high-risk category. Clients operate without the protection of a mainstream financial regulator.

Wali St Ltd. does not hold any valid regulatory licenses for forex trading. The company operates from Saint Lucia, which is an offshore jurisdiction without mainstream financial oversight for such entities. There is no license number to verify against authoritative financial authorities.

Wali St Ltd. has been operating for between 2 to 5 years. The firm offers two main account types: a Standard account requiring a $1,000 minimum deposit with 1:100 leverage, and a Mini account with a $100 minimum deposit and 1:200 leverage, both featuring spreads starting from 1.5 and 1.8 pips respectively.

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A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

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