W7 withdrawal issues https://www.w7bt.com/

By Vítor Furtado, from Brazil, April 22, 2021 at 09:53 PM

Hello, I believe it would be good to review this broker. I’m struggling to get my money out. They only operate in Brazil but worth the alert. Thanks

Answer: Hi Vítor Furtado,

W7BT is registered and incorporated in St. Vincent and the Grenadines. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as Fxstocktradex. Read more about St. Vincent and the Grenadines regulation by the link.

Unfortunately, there is a small chance of getting your money back from such broker. We would recommend you to report about this issue to your local financial regulator. Also, you should stop any cooperation with this broker and definitely NOT invest more if they ask you to.

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