WhoTrades -Some important Details about This Broker

WhoTrades | 2022-08-16 18:34

Abstract：Registered in Cyprus, WhoTrades is a forex broker that was not established long, with an operating time of 2 to 5 years. Since this brokers official website cannot be opened, we could not find further details about its trading instruments, leverage, trading assets, trading platform and more. In terms of regulation, it has been verified that this broker is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is marked as “No License” and it got a very low score of 1.46/10.

For now, since WhoTradess official website (https://www.whotrades.com.cy/) cannot be opened at the moment, we could only piece together the rough picture of this brokerage by gathering some relevant information from other websites.

General Information

Registered in Cyprus, WhoTrades is a forex broker that was not established long, with an operating time of 2 to 5 years. Since this brokers official website cannot be opened, we could not find further details about its trading instruments, leverage, trading assets, trading platform and more.

In terms of regulation, it has been verified that this broker is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is marked as “No License” and it got a very low score of 1.46/10.

Please be aware of the risk.

Market Instruments

WhoTrades claims that it offers more than 100 trading instruments, including Currency Pairs, Metals, Energies, US shares and Japanese Shares.

Minimum Deposit

WhoTrades seems to require a minimum deposit of 100 EUR/USD/GBP when opening an WhoTrades trading account, which sounds reasonable and acceptable for most regular traders.

Trading Platform

What WhoTrades offers is not the MT4 or MT5 trading platform, it offers a proprietary trading platform which allows traders to track their portfolios, track the current markets, and place orders.

Deposit & Withdrawal

WhoTrades allows its clients to make a deposit and withdrawal through the following payment options:

Credit Cards
Bank Transfer
Skrill, Neteller

Please note that deposit and withdrawal fees are charged by WhoTrades.

Customer Support

Traders with any inquiries or trading-related problems can get in touch with WhoTrades through the following channels:

Telephone: +357 25 736 320

Email: info@corp.whotrades.eu

Risk Warning

Forex and leveraged trading carries a high level of risks, and it is not suitable for all investors. Please note the information contained in this article is for general information purposes only.

Dealer Forex trading Forex Broker

Related broker

No Regulation

WhoTrades

Company name：WhoTrades Ltd

Score

1.55

Website：http://www.whotrades.com.cy/

5-10 years | Suspicious Regulatory License | Suspicious biz area | Straight Through Processing(STP)

Score

1.55

RM5.9M Lost to "Davidson Kempner Capital Management" Facebook Scam

A private contractor in Malaysia faced a devastating loss of over RM5.9 million after falling victim to a fraudulent investment scheme promoted on Facebook. Tempted by the scheme’s impressive claims and credentials, the victim began investing in September 2024. The investment process required him to download an application called A-Trade, which was readily available on the Apple Store.

Original 2025-01-09 18:13

Challenge Yourself: Transform from Novice to Expert

From a forex novice to a trading expert, all it takes is this one opportunity! Join us for the Forex Beginner's Advancement Journey challenge and unlock your potential! Here, if you're a beginner, participating in the event and posting on selected topics will not only deepen your understanding of forex basics and help you advance but also earn you a Learning Encouragement Award. For those with some experience in forex, discussing insights under the event topics will allow you to exchange experiences and share techniques with like-minded peers, while also having the chance to win a Perspective Sharing Award! Come challenge yourself and break through the limits of forex trading together!

Original 2025-01-09 16:37

Big News! UK 30-Year Bond Yields Soar to 25-Year High!

Following the successful auction of 30-year government bonds by the UK, the yield on 30-year bonds surged, reaching its highest level in 25 years. This increase reflects growing concerns in the market over the government's fiscal policies and large-scale debt issuance.

Original 2025-01-08 21:00

Beware of Fraudulent Letters: Malaysia’s Securities Commission Issues Warning

The Securities Commission Malaysia (SC) has raised an alarm over fraudulent letters and emails falsely claiming to be from the regulatory body. These fake communications are allegedly tied to illicit investment schemes that seek payments from unsuspecting investors.

Original 2025-01-08 17:44