Read our WFT review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a wft.group review. They have now moved to a new domain called wft.world.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So WFT is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about WFT in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
WFT Review Conclusions
Making the WFT review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our WFT review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Please wake up bank scammers people all over the World.
WFT group company is a SCAM and Trustpilot group helping and supporting scammers.
Both group having office in London and landlines number phones are active.
This group scamming people bank account in UK.
Damian Lawrence professionals Scammers ,All emails address NOT respond at all.
[email protected]
[email protected]
All Contact details are ;
+44 20 3885 5561
+44 20 3885 5560
+44 20 3885 5558
+44 20 3885 5566
+44 20 80972702
+44 151 3080413
+44 1513080408
+1 705 201 0120
+41 44 508 61 65
[email protected]
+44 20 80971155
WFT Scam scam scam group
Do not believe this group
They are scammers.
this company is scam, you can not reach them at all, the phone number or email address is not working
They wont give my money back
WFT =SCAM SCAM GROUP.THEY ARE SCAMMERS
A sales man from aft was talking to me for 45 minutes trying to force me to invest $100, he spent on an international call probably $100, why does somebody want to do that?
This company is a scam and I dealt with all the guys above and just to add a few more Marcus, Jason Dougles, Alloit Wyn, Roy Barlow. Trying to get my money back but will now approach the bank.
WFT=Scam group be careful this group is a scam do not invest with them. I approached my bank and I get my 1st chargeback. I ‘m still waiting for another chargeback with another bank. I hope will get my money back.
I too am a victim of WFT and should have taken the warning signals. Elmlio Luna was my contact and was very convincing. When I was to cash in he told me I had to give him the exact money of my first transfer for it had to be mirror image transfer. Then wanted another $6,500.00 to get it released due to the Blockchain not wanting to release my funds. He promised I would get my money in full the next day by noon. Have not heard or seen any money and can not get a response back. Also their web site is now shut down. I hope Karma gets them all in the end!!
Stay with a company in your own country and do research before giving any money out. This is a whole different level of SCAM.
This is a scam, they demand liquidity to withdraw your money, then they steal the liquidity, leaving your account live, no doubt to further steal that, then they ghost you.
Not only is this a scam but there’s potential for identity theft to.
i have been scammed by WFT-global and it hurts terribly to admit it. i was contacted by someone name Lester Grunt(real name?). we had several chats and he seemed like a decent guy. the trading”account” says i put in 38K USD and my account is now worth 78K. Lester said he was moving to trade in New York, he was making about 300K/mth, and now will be working on Wall St. he told me he wanted to buy an island. they gave me a new “broker” John Paulson(google him and it comes up with a Billionaire named john paulson). He was hardly understandable, one day this week while we were talking he put in 2 trades and the account went up by 2K while we were on ther phone. Then he said i had to put in $30K to pay the tax on my account before he would send me the account proceeds. I started to clue in…now the ‘”manager” alexander (Chris) carter is toing to walk me through sending another 30K USD (using Binance)to pay my “taxes” before i can get my account balance to my bank account. Scammed again…it hurts so bad to admit this. my huge problemis that i trust people(this is not the first time i’ve been scammed) i feel so stupid.
I was also exposed to fraud, I initially invested 300 dollars, they had a method of persuasion and they made you feel comfortable to gain your confidence, and when I began to invest more when I reached the amount of 2000 dollars, I was suspicious of the way they deal with and the lack of guarantees to recover my money and when I asked Felix Shelson told me, “Don’t worry, you are with a respectable and well-established company.” He used to tell me the benefits that I earn and he urged me to invest more to open a savings account of Bitcoin to avoid paying taxes. To include it in my account, and when I reached that I invested an amount of 10,000 I earned what is supposed profits amount of 40,000, and I asked him to withdraw the amount of 10,000, he told me that I should pay a commission of 3,000, and when he transferred it to his account, I waited two hours and did not receive any transfer, so a person claiming to be a blockchain specialist and said I have that the amount is frozen because I do not have an amount equal to 10,000 in my wallet and he told me that we will withdraw the amount of 5000, but I have to pay the amount of 1200 as commission, and the same story said that the amount was frozen in the blockchain and contact with him was cut off because he was not responding to my correspondence and after that A person called Douglas called me the same story. He wanted me to transfer an amount of money until I got out of my money, but I stopped him at his own point and asked him for explanations when he told me. In addition to my money, which I worked hard for two years in order to save the most, I am psychologically devastated and I live in a suffocating crisis, and it caused me problems with my family, and today I advise you to beware and not fall into the trap that I fell into, and whoever is able to recover his money tells me how that is. Is it by filing a lawsuit and is it possible especialy I keep all the correspondences and addresses of the wallets that I transferred the Bitcoin to them , some one who knew how tell me please .
I’m in the same boat, just had a call from someone claiming to be from Blockchain saying they can get my money back but at this point I don’t even trust myself let alone anyone else
Add Nina Collins to the list of plausible scammers. Charming and apparently helpful but expensive!
Wft Group is a big SCAM. You will loose your money.
All i know about it dated March 24 2021 today. Wft Group went bankrupt and now use a new web site to hide. Xsteos.so its something like that. I deleted the email they sent me by mistake and use my memory to remember the fraudulent web site.
They want your personnal information on their new site and im probably sure they will steal your information to try to steal more money from you.
I lost 250 USD.
SCAM SCAM SCAM SCAM