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WebTradePros Review | Trading on Financial Markets with Just 4 Easy Steps or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
WebTradePros - logo

Are you ready to start trading on financial markets with just 4 easy steps? Sounds too good to be true? Well, that’s exactly what WebTradePros is promising. This broker claims to have won multiple awards and is presented as a trustworthy partner for traders. However, before you rush to create an account, let us warn you that our investigation has uncovered some concerning reviews and evidence of a possible scam.

Highlights

🏛️ Country Vanuatu
⚠️ Regulation
🖥️ Website https://www.webtradepros.com/
🎲 Demo Account Yes
⏳ Start Time 2022
💲 Minimum Deposit $15
⚖️ Minimum and Maximum Leverage 1:400 – 1:1000
⚙️ Trading Platform MT4, MT5
📨 E-mail support@webtradepros.net
📞 Phone

First Impression of Webtradepros.com

At first glance, it’s hard to tell that we’re dealing with a reputable broker. We had to search for information about the company in all sections. Was it really that difficult to place it in the footer, like all decent brokers do? WebTradePros decided that it would be better to clutter the homepage with endless listings of its strengths and false statistics. Many links on the site simply don’t work. And there are only two languages available here, English and Deutch.

WebTradePros - website

Partnership and Bonuses

The broker offers a typical referral program where you can simply invite your friends and acquaintances, as well as an introducing broker program that would suit you if you have an audience for advertising. By the way, WebTradePros boasts that it even received an award for its partnership program. However, there are no specific terms for it on the website.

Account Opening on Webtradepros.com

The registration process looks familiar. In addition to personal data and contacts, you also need to provide an address and a promo code. We had a good laugh about this. We’ve never seen WebTradePros before. However, we couldn’t register an account on the first try because our email address was already in use. Well, we could have ended our expose right there. Apparently, WebTradePros is not the first project of its creators, and we’ve already exposed something similar.

Registration

Let’s get back to the registration process. You can create an account quickly. The broker doesn’t even verify your email and phone number, which tells us that it’s as far from being a licensed company as the moon is from us. And in the Client Portal, they’ll immediately tell you that you don’t have a real account yet. To get one, you need to fund it.

WebTradePros - Client Portal

Verification

It seems that WebTradePros doesn’t have any verification process in place, at least not at the time of deposit. You can fill out the application right away. Maybe the broker will require you to go through the verification process when it comes to withdrawing your money. This is all in line with how scam brokers operate.

Pros
  • None.
Cons
  • No verification before deposit.

Trading Software

It seems to us that WebTradePros is a complete scam. It claims to offer MT4 and MT5 for trading. However, we checked both platforms and couldn’t find the WebTradePros brand registered with MetaQuotes. This means that MetaQuotes is not working with this broker. Furthermore, all the download links for the platforms do not work. You can only view the web platform after creating an account and depositing funds! This broker has some outrageous demands. No licensed company engages in such blatant fraud.

Features WebTradePros Legends Financial Company VastWealth
Demo Account ❌️
Mobile App
Own Development

How Can I Trade With WebTradePros?

If we’re being honest, we don’t even want to consider the trading conditions of this scam. It’s obvious to us that it doesn’t deserve the attention of either beginners or experienced traders.

All Info About Accounts

Alright, we must note that this broker is trying to disguise itself as a reputable company. The account types offered by it are outlined in a manner similar to how legitimate licensed brokers usually do it. There are regular accounts, demo accounts, and even Zero accounts. Speaking of the Zero account, it’s very interesting. Typically, this account has zero spreads and commissions. However, WebTradePros claims that spreads here are still average and that commissions are $5. Additionally, the broker offers an enormous amount of leverage, up to 1:1000.

Such high leverage gives you the power to control larger positions with a smaller amount of money. However, it also means that you’re risking more than you can afford to lose. In other words, one wrong move, and you’re done. So, if you’re not a skilled and experienced trader, a high leverage ratio can quickly turn your account balance into a big fat zero. And let’s face it. Nobody wants that, except maybe WebtradePros, who will happily take your money and run.

Pros
  • There is a demo.
Cons
  • High leverage, commissions, and spreads.

Market Analysis and Education With Webtradepros.com

WebTradePros offers both education and live webinars, and even round-the-clock support. However, these services are of little use. We don’t know who the coaches working with you are, what their qualifications are, or whether it’s safe to trust their advice.

Deposit, Withdrawal, and Fees

When it comes to depositing funds, there’s another problem. No matter how many times you try to fill out the application form, it keeps giving an error. We suspect that the only way to solve this issue is to contact WebTradePros customer support. However, with a broker whose platform is already so messed up, it’s probably not the best option to go with.

Features WebTradePros Virgobanc IronGatesFX
Debit/Credit Cards ✔️ ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

The only contact information provided by WebTradePros is an email address. They do have an office, but it is located offshore and most likely nominal rather than a real physical location. Even the reception schedule is not specified.

Pros
  • There is an email address.
Cons
  • Incomplete contact information.

Is WebTradePros Dangerous?

Numerous subtle signs of fraud confirm that WebTradePros is a scam. Please refer to the following section to dispel any doubts.

How Long Does The Broker Work?

In the “About Us” section, WebTradePros rambles on about their mission and vision for the industry. It’s all nonsense. You won’t find any information about the company itself there. However, we became interested in this case because reviews about the broker started appearing quite recently. Checking the domain also showed that it’s a newcomer. The website was created on November 22, 2022. By the way, in that time, they could have at least tried to tidy it up a bit.

Domain info

How Is WebTradePros Regulated?

WebTradePros claims to be licensed by the Vanuatu Financial Services Commission. Well, here’s the thing. The company, Primus Markets, is indeed registered in this registry. However, their scope of activities is listed as “administrative and support service activities.” Moreover, they are registered as a local firm in Vanuatu, not an international one. Additionally, another fake broker, Fxprimus, has been using the registration details of Primus Markets. Well, actually, they used to use them, until this new company we are currently looking at appeared.

Legal entity check

The conclusion is not very reassuring. All of this seems to be a poorly thought-out scam that uses the details of a real, albeit offshore, company. In reality, it WebTradePros is an unlicensed and unregulated pseudo-broker.

Features WebTradePros Nexon Groups  AiFxMarkets
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With WebTradePros?

To trade with WebTradePros, you need to register an account and deposit funds. However, this cannot be done without contacting their support team.

Is WebTradePros Legit?

No, WebTradePros is most likely not legitimate since it appears to be impersonating an existing legal entity.

How Risky Is It?

WebTradePros is a highly risky investment option. The broker operates anonymously, with questionable trading conditions, including extremely high leverage, and no verification process for deposits.
Kevin Berry
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Expert Opinion

Let’s be real, folks. These are scammers. Not only do they use a fake company name, but they also offer to connect via AnyDesk and TeamViewer. I mean, seriously? Do they want to make it easier for us to catch them red-handed? As an expert in the industry, I can tell you that this is a clear sign of a scam. Legitimate brokers have nothing to hide and certainly wouldn’t use sketchy tactics like this.

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WebTradePros rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

1 review about WebTradePros

Peter April 28, 2023 - 02:10
There's nothing to discuss here
The level of trust
Quick withdrawal of funds
Efficiency of technical support

A year ago, I would have said – WOW, so many financial services here! You’ve got a personal manager, a huge educational base with personalized courses, and high leverage! For an inexperienced person, it might seem like an opportunity to earn a fortune. But the pros and experienced people know what all this fuss is about. They know why the broker provides so many services, in addition to the main one – trading. The truth is very simple. The broker, through these services, either takes control of you and your deposit, or simply prevents you from trading. For example, in education, they will give you confusing, unstructured information. So you can’t trade. Or take an example with personal managers who will give recommendations on which asset to open a position on. Do you think they want you to make money? No, they want you to lose money. After all, they will get a percentage of the loss. And if you make money, then you will rip off the broker. And it won’t be like that. In this case, it will put sticks in the wheels. And it’s very easy to do. How? Webtrader. This terminal is offered by WebTradePros. Don’t hope for any Metatrader, forget it. What’s so special about it? There are many funny things about it. The broker has an administrative panel, do you know what it can do? 1) Change the quotes in history. That is, to redraw the trading bar. Increase the tail or its body so that the client has no doubts about why the deal was closed by a stop. 2) Can change the numbers and other parameters of order history and current positions. I mean, the account balance, profit, and loss level. 3) Can make it so that all client orders are executed with a delay of 5 seconds, 10 seconds, any number at all. As you understand, WebTradePros can do anything. The client is not protected. If you start making money – you will be sucked off. Think for yourself.

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