White Wings Broker (ww-broker): pseudo-broker review, reviews of disappointed clients

White Wings Broker presents itself as a CFD broker, providing safe and profitable trading. However, real client reviews expose it as fraudulent. In this review of ww-broker.com, we will examine in detail why you should not trust the empty promises of this intermediary and what facts indicate “White Wings Broker” as an experienced scammer.

What did we find out about the company WW-broker?

White Wings Broker started its operations in 2017. However, the company’s long period of operation is not an indicator of its reliability. Scammers skillfully deceive, attributing their failures to the instability of the financial market and the insufficient experience of clients. Investors claim that they were explained the loss of their deposit in this way.

According to our review, ww-broker is an offshore company registered in Saint Vincent and the Grenadines. The local regulator, the Financial Services Authority of Saint Vincent and the Grenadines, issued the company a certificate under number 25150.

From our experience of compiling independent reviews, it follows that one should be cautious when dealing with brokers from offshore jurisdictions, as they operate contrary to Russian legislation.

WW-broker does not have permission from the Central Bank of the Russian Federation to conduct activities in the country. Therefore, the organization provides services to residents of the Russian Federation illegally, and it cannot be held accountable. By opening an account on the “White Wings Broker” website, you act at your own risk.

The legal address listed on ww-broker.com is Suite 305, Griffith Corporate Center, P.O BOX 1510, Kingstown. However, the actual location of the office is unknown, indicating that the “WW-broker” company operates exclusively online. This suggests that in case of financial losses (which, as reviews show, happen often), you will not be able to find responsible individuals.

For contacting customer support, the following contacts are provided:

phone: +441334260001,
email: [email protected],
feedback form.

Clients claim that it is impossible to contact representatives of the customer support of “WW-broker” using the provided contacts. As for the feedback form, it is used by scammers solely to obtain personal data of potential clients. After that, scammers can use this information for intrusive calls and even sell the information to other unscrupulous brokers.

The website ww-broker.com also indicates the presence of a legal address: Suite 305, Griffith Corporate Center, P.O BOX 1510, Kingstown. However, the actual office location is unknown. This indicates that the “WW-broker” company operates only in an online format. In case of financial losses (as reviews indicate, they occur frequently), you will not be able to find responsible individuals.

For contacting support, the following channels are indicated:

phone: +441334260001,
email: [email protected],
feedback form.

Clients claim that it is impossible to contact specialists of the customer support of “WW-broker” using the provided contacts. As for the feedback form, it is intended solely for obtaining personal data of potential clients. After that, scammers can use this information for intrusive calls and even sell the information to other unscrupulous brokers.

There is no presence in social networks where clients could exchange opinions, leave reviews, or ask questions. This is not surprising, as the fraudulent company is not interested in constructive dialogue.

Review of the website ww-broker.com

It cannot be said that “White Wings Broker” has a failed website. The ww-broker.com site looks quite attractive. According to customer reviews, initially it was available only in English, but recently a Russian version has appeared. This is a clear indication that the pseudo-broker is targeting traders from the CIS countries.

On the main page, the CFD broker highlights the main advantages of cooperation. Among them: quick start, prompt deposit and withdrawal of funds, as well as the absence of hidden commissions. You can also familiarize yourself with a review of current promotions on the site. At the time of writing, ww-broker promises a 10% bonus on deposits and no commissions for deposits.

The website presents a review of the company’s latest news and quotes (however, there is no information about their source). We believe that the economic calendar and cross rates presented on the site are not trustworthy. Reviews show that the pseudo-broker only simulates trading, not actually conducting it. The main goal is to convince the user of the need to deposit funds into the account.

How to register on ww-broker.com?

Registration on the “WW-broker” site is very simple! When you click the “Open an account” button, a form appears where you only need to provide:

email address,
password to access the account.

As you can see, the account creation process is streamlined to prevent potential clients from leaving and to quickly deposit funds into the account.

It is worth noting that WW-broker offers a demo account for beginners. The opportunity for trial trading and safe exploration of the functionality can be considered an advantage of this organization. However, there is one nuance – in this way, scammers simply want to attract traders and show them how wonderful it is to work with this intermediary. Charlatans are willing to wait until investors are ready to voluntarily hand over their savings to them. It is thanks to this well-thought-out strategy that the fraudulent company has managed to stay afloat for so long.

What trading conditions does WW-broker offer?

The official ww-broker.com website lists the following trading conditions:

over 100 trading assets (currencies, metals, stocks, commodities),
leverage up to 1:500,
minimum deposit starting from $100,
scalping and hedging allowed,
floating spread from 0.1,
minimum lot size 0.1.

For novices, it is recommended to use a special trading robot that, as claimed, should help in trading. However, according to reviews from former clients of the company, the reality is quite the opposite. They report that the robot actively drains the deposit until it completely disappears. Even if you manage to earn some money, you will not be allowed to withdraw the profit.

Regarding real trading accounts, WW-broker offers the following options:

Standard. Minimum deposit – $100. Includes a floating spread from 0.1 pips, leverage of 1:100, Stop out at 20%. Trading is possible with currencies, coins, stocks, commodities, and metals,
Pro. To open such an account, a minimum of $1,000 is required. Hedging is available. Floating spread from 0 pips, leverage up to 1:1000, Stop out at 20%,
Swap Free. Minimum deposit – $1,000. Leverage is 1:100, floating spread from 0.1 pips. Maximum number of orders – 50. Like Pro, Stop out is 20%,
ECN. Starting deposit – $10,000. This is the only account type where a demo option is not provided. Within the account, traders have access to position locking, floating spread from 0 pips, leverage 1:100. Maximum number of orders – 1,000.

Balance replenishment and funds withdrawal on ww-broker.com

The website states that the company offers the following methods for depositing/withdrawing funds:

Bank Transfer,
MasterCard and VISA,
WebMoney,
“Yandex.Money”,
QIWI,
cryptocurrency wallets (Bitcoin, Ethereum).

Representatives of “WW-broker” even provided information on payout periods and commission expenses on the site. However, according to traders’ reviews, the company has serious violations in the area of payouts. To be more precise, scammers do not intend to return the money at all.

What do reviews say about White Wings Broker?

There are plenty of negative reviews on the internet about working with WW-broker. We suggest you familiarize yourself with them:

Praise reviews also exist, but we will ignore them as they appear to be paid for. This can be understood by the standardized content. We recommend not trusting such publications.

How does ww-broker scam: a review of the fraud scheme

The charlatans from WW-broker did not invent a unique deception scheme. Judging by the reviews on the internet, they followed paths already tried by other scammers. Scammers configure the MetaTrader 5 trading terminal in such a way as to have full control over traders’ funds.

Loss of deposits is explained by the unpredictability of trading on financial markets. Naive clients are offered a “rematch” and to replenish the account again. This continues until the client suspects something is wrong, after which their account is simply blocked.

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