WBFX
We checked WBFX against the AskCheck register. It has been reported (2021) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
WBFX claims to be operated by FENIX GROUP LLC, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Besides, WBFX states that it is controlled by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Supervisory Authority (FSA). In fact, however, the regulator of UK is the Financial Conduct Authority (FCA) rather than the so-called FSA. And of course we didn’t find any regulation of WBFX from CySEC and FCA. So WBFX is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report WBFX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.