WestpointFX Broker Review

WestpointFX Broker Review – How We Exposed WestpointFX.com Trading Scam?

WestpointFX broker made us doubt everything we read on their website while trying to portray us as legitimate. Considering how much opposing information there is, we are unsure how to present this scheme to you.

However, let’s take a closer look at WestpointFX in our unbiased review.

You can also read our recently updated scam broker reviews of SwisTrust, InvestArea, and Tandem. Unbeknownst to some, their investment offers sound too good to be true!

1. Scam Broker Status: Unregulated
2. The company is unlicensed and unregulated.
3. WestpointFX.com is a scammer’s website.
4. Forex Trading Scam – Active
5. FINMA (Switzerland) has blacklisted this company as a scam.
6. Owner of the Broker: N/A
7. Swiss is the country of headquarters.
8. Year of foundation: N/A
9. Platforms for online trading: MT5
10. Trading on mobile devices: Available – MetaTrader 5
11. The minimum deposit is 250 euros.
12. Up to 15% deposit bonus
13. We offer crypto asset trading on 30+ assets (BTC, ETH, XRP)
14. Yes, CFDs are available for trading.
15. The following instruments are available for trading: Foreign Exchange (FX), Commodities, Indices, Shares, and Cryptocurrencies.
16. Leverage maximum: 1:100
17. Islamic Account: Available (with a minimum investment of 50,000 EUR)
18. Demo Account: No, only live accounts available.
19. The company does not accept US traders.
20. This broker is a scam, so don’t invest in it!

WestpointFX Regulation – No Regulatory Oversight

According to the company’s Terms and Conditions, a company based in Hong Kong and regulated by Hong Kong’s authorities is WestpointFX’s owner.

Suppose you visit the broker’s website ebshkforex.com. In that case, you will notice that WestpointFX falsely advertises itself as being involved in this operation. If anyone has been scammed, the actual company should be contacted and a complaint filed.

Moreover, the broker provided an address in Switzerland and the Hong Kong entity. In addition, this company does not have an owner, making it also a fake.

Questions About License – Reputation Problems

WestpointFX’s regulation does not need to be discussed after all has been said. Such a thing does not exist. Another red flag for this company is its negative reputation among investors and its license problems.

Before proceeding, we would like to say just a few words about OpoForex, Fair Forex, and IGFB.

Scam Warnings From Financial Watchdogs

The Swiss financial regulator, FINMA, exposed the WestpointFX trading scam because one of the entities is allegedly based there.

It was published that this brokerage was an unlisted domicile and that you should not give your funds to it.

Scammed By WestpointFX Broker? – Talk To Our Recovery Experts

We would like to hear from you if WestpointFX or another bogus broker has scammed you. The Global Fraud Protection team is here to assist scam victims and help them recover their rightful funds.

So, get all the information you need about the refund process and the best options for your case by booking a free online consultation with our recovery specialists.