WandaFx Review (2023)
Is WandaFx Investments a scam or legit broker?
No, it is not safe to trade with WandaFx. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information and contact details.
About Wandafx
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Wandafx safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
WandaFx provides Forex, Crypto and CFD’s solutions to institutional and private investors. However, without disclosing important details about the company and its trading conditions the broker usually cannot be trusted and taken seriously. The terms and conditions on the website state that the company is under the Estonian jurisdiction, but it is not actually regulated by its local regulator.
We have heard WandaFx broker denies traders withdrawing fund. We have feedbacks from traders that they cannot withdraw money. You can read the feedback here.
Conclusion
We advise all investors and traders to avoid WandaFx and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro, Exness broker and XM.com.
WandaFx website is no longer active.