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World Forex
Operating status: SCAM
Website: https://wforex.com/
Broker violations and abnormal records
It claims to be registered in both St. Vincent and St. Lucia on its website. Upon investigation, we found that its status in the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) is "Cancellation Pending". In fact, it is well known that SVG FSA only confirms the company's status as an International Commercial Company (IBC) and that Saint Lucia International Finance Corporation is an offshore jurisdiction. Neither of these constitutes a valid foreign exchange license. In addition, the company does not display other strong regulatory proofs on its website, which is a very dangerous signal, so investors are advised to be careful when investing.
It claims to be registered in both St. Vincent and St. Lucia on its website. Upon investigation, we found that its status in the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) is "Cancellation Pending". In fact, it is well known that SVG FSA only confirms the company's status as an International Commercial Company (IBC) and that Saint Lucia International Finance Corporation is an offshore jurisdiction. Neither of these constitutes a valid foreign exchange license. In addition, the company does not display other strong regulatory proofs on its website, which is a very dangerous signal, so investors are advised to be careful when investing.
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