WFM International claims to be a global leader in wealth management, at least that’s what is stated on its official website, where the broker also refers to itself as a dealer. According to legend, the company was founded in 2006 in Switzerland. Over this period, it has allegedly consolidated more than 11.6 billion dollars in capital, with clients from 100 countries, supposedly hinting at its global status. However, what licenses the organization holds and what business model it uses remain unknown. Scammers often use false information to lure in gullible traders. Online reviews do not reveal much, so an independent investigation is necessary.
Table of Contents
Highlights
| 🏛️ Country | Switzerland |
| ⚠️ Regulation | – |
| 🖥️ Website | https://wfminternational.com/ |
| 🎲 Demo Account | Yes |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | – |
| ⚖️ Minimum and Maximum Leverage | – |
| ⚙️ Trading Platform | Webtrader |
| support@wfminternational.com | |
| 📞 Phone | – |
First Impression of Wfminternational.com
Judging by the chosen color scheme of the official website, it’s not hard to guess that we are looking at a Swiss organization. The white and red palette clearly suggests this, and the national flag of Switzerland is immediately noticeable. However, whether WFM International is indeed based in Switzerland remains to be determined.
Looking at the official website, one might think about the firm’s noble goal – to create a financial future for its clients. This idea was prompted by images of happy retirees, people engaged in sports, including extreme sports, and performing some operations on their smartphones. It seems that WFM International is trying to convey to users the potential earnings in trading.
Now, to the drawbacks. The website lacks specificity and useful information. Many facts about the broker’s activities are missing, as are important legal documents. Most of the text consists of meaningless and clichéd phrases, presented only to create an urgent desire in visitors to quickly open an account and start investing. WFM International has created a fairly standard and typical website, with only a slight hint of uniqueness.
Partnership and Bonuses
The broker does not disclose any information about the presence of an affiliate program or bonuses. Therefore, it is unknown whether one can earn additional income by attracting clients or receive extra funds to increase trading volumes. Although WFM International could introduce an affiliate program, it is an excellent tool for attracting new traders.
Account Opening on Wfminternational.com
The account creation process begins with a simple registration. The client is asked to provide a name, contacts, and a password. It is important to note that by registering, the trader automatically agrees to the user terms of WFM International, but these cannot be read as opening the document results in a “page not found” error. Agreeing to something unknown is not the wisest move.
Furthermore, even without email confirmation of registration, immediate access to the interface of the personal cabinet is available. The client can start getting acquainted with it through specially prepared guides, which can be skipped. WFM International decided that integrating a web trader into the client portal would be convenient, although, in reality, this causes many inconveniences and problems. It would be more practical to have a separate window for the terminal.
In the personal cabinet, traders can manage their finances, edit data, view the history of trades and transactions, upload documents for KYC, and apply for technical support. WFM International has not brought anything unique, as the client portal is quite primitive. By the way, the broker offers a demo account, on which one can familiarize themselves with the platform’s functionality. The demo can be switched from real with a single click.
Verification
Judging by the presence of a section for uploading documents in the client portal, verification exists in WFM International, but it is unclear whether it is mandatory or not, as a separate section dedicated to the AML & KYC policy is missing. There is no information on what documents are needed and how long the processing takes.
- None.
- There is no AML&KYC policy.
- It is unknown how long the document check lasts.
Trading Software
It has already been noted that the platform is integrated into the personal cabinet, which is quite inconvenient and impractical. It is also worth mentioning the absence of both a mobile application version and a desktop version for WFM International’s platform. That is, the terminal is exclusively presented in the form of WebTrader.
The platform’s functionality is severely limited. Traders can change the chart type, timeframes, connect indicators, use basic tools for technical analysis, and create their own watchlist. The terminal also allows receiving signals and copying the trades of other users. Overall, WFM International offers a primitive solution that is unlikely to be suitable for serious and professional trading, as many advanced tools are missing.
The broker could have provided a popular alternative, such as Metatrader, which would have covered many of the shortcomings of the WFM International platform, but it did not. The company’s terminal does not allow loading custom indicators, connecting advisors for auto-trading, and many other options.
| Features | WFM International | Trade Galactica | NPBFX |
|---|---|---|---|
| Demo Account | ✔️ | ❌ | ✔️ |
| Mobile App | ❌ | ✔️ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With WFM International?
Clients have access to various asset classes: forex, metals, indices, cryptocurrencies, stocks, and commodities. However, all markets are represented only in CFDs, and there are no spot or futures contracts.
All Info About Accounts
WFM International offers several types of accounts:
- Trial: In other words, a demo account. Intended for training and testing the platform.
- Term deposit: Investments at a fixed interest rate for a specified period. The principal of the deposit cannot be withdrawn before the end of the term.
- Savings plan: Similar to discretionary management. Funds are managed by professionals with the goal of increasing them.
- Tax-free account: Saving money without taxes.
- Trust: Capital is stored with a third party, which manages it.
- Retirement: Building capital for retirement.
WFM International only superficially describes the types of accounts, without providing any specifics regarding the minimum deposit, investment terms, potential returns, and commissions. The size of the leverage, the type of spreads and their size, as well as the contract specification, are also absent. It is not possible to open an Islamic account either.
- There is a demo account.
- Trading conditions are not disclosed at all.
- The swap-free option is absent.
Market Analysis and Education With Wfminternational.com
WFM International does not offer any additional services. There are no educational courses, no analytics, no economic calendar, and no widgets. In terms of service and unique additional advantages, the firm cannot compare to more popular competitors.
Deposit, Withdrawal, and Fees
Regarding the methods of depositing and withdrawing funds, the broker remains just as secretive and non-transparent. It was also impossible to view the supported payment methods in the personal account, as verification or contact with technical support managers is required. The sizes of commissions and the processing time for withdrawals also remain a mystery.
| Features | WFM International | Axi | IC Markets |
|---|---|---|---|
| Debit/Credit Cards | ❌ | ❌ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ❌ |
| Crypto Transfers | ❌ | ❌ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ✔️ | ✔️ |
How Can I Contact It?
Users can write an email to technical support, but it is unlikely to reach its destination, as the provided email is fake. Additionally, one can submit a request for a callback in the client portal, but whether a response will be given is uncertain. Meanwhile, WFM International does not provide a phone number, or online chat, and does not have accounts on social media platforms.
- Not found.
- Email doesn’t exist.
- Online chat, phone, and social media accounts are not available.
Is WFM International Dangerous?
Why is the broker so secretive that it does not even specify trading conditions? And how will the firm’s representatives explain the fake email address? In short, WFM International raises significant concerns. What remains is to check whether the organization really exists for 17 years and what licenses it holds.
How Long Does The Broker Work?
On the official website, the foundation date is stated as 2006, but there are serious doubts about its authenticity. Online reviews are too few, and the domain of the official website was only registered on September 29, 2023. This does not seem like a broker with a 17-year history. We checked the Swiss registry for the presence of our investigation’s subject, and unsurprisingly, there was no WFM International there.
How Is WFM International Regulated?
Given the fake legal address in Switzerland, as the company registry does not list such a broker, it is unlikely that the organization has a license from FINMA, but we checked this. As expected, there is no license from FINMA, which is not surprising. WFM International operates completely illegally.
| Features | WFM International | Fusion Markets | FxPro |
|---|---|---|---|
| European Zone | ❌ | ✔️ | ✔️ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ✔️ |
| Offshore | ❌ | ✔️ | ✔️ |
Frequently Asked Questions (FAQ)
How to Trade With WFM International?
Is WFM International Legit?
How Risky Is It?
Kevin Berry Here we have another exposure of an illegal dealing desk. It’s amusing to see these pathetic attempts by fraudsters to present themselves as experienced, safe, and reliable brokers. 17 years of operation? Seriously? Who would believe that? There is absolutely no mention of the broker online, just some noname that no one talks or writes about. It’s obvious to any trader that a Swiss brokerage company must obtain a license from FINMA, but there’s not a word about this on the scammers’ site. Therefore, there’s no doubt about the fraudulent nature of WFM International. Just another scam broker trying to swindle gullible people for money, hiding behind a fabricated characterization of globality and superior service.
WFM International rating
3 reviews about WFM International
Scoundrels! Give me back my money! What is this called? Blatant fraud. I invested over 1000 dollars in WFM International, naively thinking I would make money trading on the forex market. But instead of profits and income, I incurred losses, and on top of that, they don’t want to withdraw my money. SCAMMERS! May the police catch you and put you in jail!
This highlights the importance of fact-checking! It’s good that in this review a detailed check of scambroker; now I know that WFM International is pure fraud. Some anonymous swindlers concocted a story about 17 years of outstanding operation, but in reality, they just wanted to deceive people, essentially stealing money through such illegal methods. It’s always necessary to verify facts, and BEFORE investing, not AFTER, to avoid falling into the clutches of fraudulent companies like WFM International. In the forex industry, 99%+ of brokers are fakes and scams, and it’s not surprising when you encounter blatant fraud posing as a supposedly safe and verified intermediary.
So, fellow traders, be alert. It is an example of a fraudulent, fake, and illegal broker, and for some, a lesson – to check registries, corroborate information, and not fall prey to scammers.
This company is fake and will only take your money. They should be closed down.
They have got over $20,000 of my money and refuse to give it back unless you give them more money.
Scam from start to end, they are not financial people you can trust, just thieves.
There staff are bullies.