Caution! Werder.uk is an offshore company! Your funds may be at risk.
Werder.UK Key Facts
🔴 Werder.uk is an anonymous broker claiming to be ASIC regulated. But they aren’t, and the truth is that Werder.uk is a clone firm abusing a genuine company’s credentials. Red flag!
🔴 Werder.uk refuses to reveal vital information about themselves. Red flag!
🔴 Werder.uk is co-hosted alongside other suspicious, shady brokers. Disturbing sign!
Werder.uk registration, license and regulation
Werder.uk introduces as Australian regulated broker, but they aren’t. The research in the authority’s register showed nothing, so we confirm it’s a shady entity lying to the public, which might as well be a scam. Traders should only use regulated brokers’ services because these companies are legit and. The illegal brokers holding no license are thieves investors have to avoid. Find more about the regulation in the following paragraph.
Each broker presented in US have to be an NFA member and registered with CFTC.
The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.
The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.
Werder.uk address and contacts
Werder.uk refuses to disclose their headquarter address and contact numbers. People can only reach them via e-mail, which doesn’t seem reasonable for Forex broker claiming to be legit. This shady broker’s secretive nature indicates it might as well be a scam.
Werder.uk website information
Werder.uk has a Hong Kong IP address: 126.96.36.199. It co-hosts the websites of 8 other Forex brokers. The website was created at 19.10.2020, so it’s some 3 months old at the time of writing. The age isn’t a problem itself, but it’s a disturbing sign given the claims they make. We believe CWerder.uk is one of many brands created by a group of shady individuals who want to steal as much as possible from traders and investors.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.