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World Trust Invest (WTI) Review - is it scam or safe?

World Trust Invest (WTI) Review - is worldtrustinvest.com scam or good forex broker?

RATING: 1 / 0 REVIEWS World Trust Invest (WTI)
World Trust Invest (WTI) is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit Max. leverage Spread
Standard  N/A N/A 0.7 pips

 

Forex and CFD broker World Trust Invest (WTI) has not made its offer clear, therefore the data in the table above is so scarce. Actually, the overall presentation of this broker is lacking in many ways, hence the low rating we gave it.

 

 

World Trust Invest Advantages

 

Seemingly good spreads

While WTI has not announced any of its trading conditions on the website, including the spreads, when we tested its platform in demo mode, we saw that the spreads are actually good. We found the benchmark EUR/USD spread floating around 0.7 pips.

 

 

Click on the image for a larger view.

 

Yet, the cost of trading is not the most important criterion when choosing a forex broker. The safety of investment, i.e. the regulation of the broker, should always come first. Considering that WTI is not a licensed broker, you’d better check out the real-time spreads of some of the best brokers below:

 

 

>> Compare the spreads of 10 major brokers <<

 

 

UTIP platform offered

Unlike the majority of the forex brokers, WTI does not support the MetaTrader platforms, but instead offers UTIP trading software, developed by Russian company UTIP Technologies Ltd. It is actually a good trading platform supporting multiple types of orders, technical analysis and charting tools, trading reports and many other options and features.

 

UTIP is available as a desktop download, web version and mobile apps. Unfortunately, it does not offer automated trading strategies, such as MT4’s EAs

 

Decent CFDs line-up

Another thing we spotted while testing WTI’s UTIP platform is that the broker offers a good variety of tradeable instruments: many forex pairs, as well as CFDs on ondices, commodities, precious metals, and some stocks.

 

 

World Trust Invest Disadvantages

 

False claims of regulation, bad reputation

World Trust Invest claims to be a part of major Russian investment group WTI. It is obviously a Russian broker, as its website is available solely in Russian. Nonetheless, WTI provides an address in Switzerland, and claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

We checked the company that allegedly operates the broker, WTI Capital Holdings (Cyprus) Limited, and it is not listed in CySEC register of authorized investment firms. What is worse, CySEC has expressly warned investors that the broker’s website worldtrustinvest.com does not belong to an entity, authorized to provide investment services in the country.

 

 

Presenting misleading information to traders is a major red flag and we must state that potential clients of the brokerage may be open to substantial risk. All the more so, considering the number of negative user reviews on WTI we came across in some Russian websites.

 

Trading conditions not announced on website

On top of the lack of regulation and the misleading corporate information, WTI has yet another major disadvantage: it has not presented any of its trading conditions on its website. All decent brokers provide (potential) customers with reference spreads, as well as information on the maximum leverage provided, initial investment required, different account types, and so on. The lack of such information shows lack of commitment and transparency and is a clear-cut sign of trouble.

 

MetaTrader not supported

While UTIP is rather nice trading software, many investors will surely miss the MetaTrader4 (MT4). Most traders know this platform well and enjoy using it for its reliability, speed, customization options and automated trading possibilities.

 

 

>> A list of MT4 brokers <<

 

 

Conclusion

 

World Trust Invest (WTI) is a Russian forex and CFD broker that falsely claims to be licensed in Cyprus. On top of that, its presentation of trading conditions is basically non-existent, and this two facts packed with the broker’s poor reputation incline us to suspect that it might be one of the many scams on financial markets.

 

Therefore, we urge investors to be particularly cautious before conducting business with any financial services provider and always check whether it is duly licensed. Regulated brokers provide significant assurance for the security of their funds. For example, investment firms licensed in Cyprus have to keep client funds in segregated accounts, provide Negative Balance Protection, as well as participate in an compensation scheme.

 

 

>> Trade with a broker that is indeed licensed by CySEC <<

 

 

Here are, in a nutshell, the pros and cons regarding WTI:

 

Pros Cons
Seemingly good spreads False claims of regulation
UTIP platform Trading conditions not announced on website
Decent CFD line-up MetaTrader not supported

 

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Traders` reviews for World Trust Invest (WTI)

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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