Is IWANT broker legit?

By Oleksandr, from Ukraine, June 22, 2021 at 10:05 AM

Hello! I’ve been trading by this broker for five weeks. Haven’t made any withdrawal yet, so I could not know if that is an issue. Thanks.

Answer: Hi Oleksandr,

We checked Want.Broker and it does not seem the company is properly regulated. It claims to have offices in the UK, Australia, Canada, Germany, Cyprus and Singapore. However, the company is not present in the registers of the local regulators of the above mentioned companies. There is no regulatory information disclosed on the website, so in simple words, the broker is clearly NOT regulated. It is quite risky to deal with the unregulated brokers, as they do not guarantee the safety of your funds and do not keep them in segregated accounts.

Of course, it is up to you to continue trading with this entity, however, we would recommend to stop any kind of cooperation with Want.Broker and try to take out your funds. There is a chance that if you invest bigger sums, you won’t be able to get your money back later.

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