Watrnd: user reviews and results of legal database check
What does the review of Watrnd.com look like after checking?
The information on Watrnd is filled with promises of minimal commissions, the best investment accounts, a focus on successful outcomes, and customer orientation. However, cooperation with this broker is not discussed on independent forums, and the reviews on the website seem suspiciously positive. Additionally, there is no option to add new comments on the website’s form. It is necessary to determine how much trust can be placed in Watrnd with one’s own funds.
First impression of watrnd.com
Watrnd has a standard, uninformative website with empty sections such as “About the Company” and “Charity.” According to information from Roskomnadzor, Watrnd is not labeled as a fraudulent resource, but its domain was registered very recently, in October 2021, and it lacks expert reviews or evaluations.
Information about the project creators is not found, and only a feedback form and an email address, which turned out to be invalid, are available for contact. The credibility of the information on Watrnd is highly questionable.
Legal audit of Watrnd
Watrnd conceals information about its parent company, only mentioned in the Client Agreement as HS Group Ltd from the offshore zone of Saint Vincent and the Grenadines. After conducting research, it became clear that the managing company is linked to other dubious financial organizations. It should be noted that the regulator of Saint Vincent and the Grenadines does not supervise brokers or issue licenses. Watrnd’s claims about the legality of its activities raise serious doubts.
Offers by Watrnd
Watrnd entices newcomers with promises of expert support, generous bonuses, and passive income. The company does not provide a risk-free training opportunity and requires a minimum deposit of $250 from the outset. The list of available trading accounts on the website includes various conditions, but the leverage level could be a serious trap for traders.
Client reviews and operating mechanism
No reviews of Watrnd were found on forums at the time of writing. Scammers took advantage of the lack of reviews to promote questionable services. However, on the website, the reviews are positive, raising suspicions. Watrnd’s scam mechanism revolves around promises that are empty for traders, potentially leading traders into a debt trap due to their gullibility.
Final conclusion
An independent review shows that Watrnd is an extremely suspicious company geared towards deceiving newcomers. The site focuses on attracting funds, while withdrawing funds presents a significant challenge. Extreme caution is advised to avoid risks by trusting one’s finances to such dubious platforms.
The broker exhibits a fair combination of user reviews and results of legal database checks but there are areas that require improvement for a more comprehensive service.