Weike's Official Website - Https://weikefx.com/is Currently Unavailable. Therefore, We Can Only Gather Relevant Information From The Internet To Present A General Picture Of This Broker.
Regulatory Information
Weike Is Not A Reliable Broker For Traders. Weike Claims To Have Been Established In 2016, But When We Checked Its Domain Name, We Found That The Website Was Created In 2021, So How Could It Possibly Start Doing Business In 2016? This Is A Red Flag.
Furthermore, Weike Claims That Its Company Is Headquartered In The UK And Registered With The UK Chamber Of Commerce And Industry (CH). We Also Did Find Matches With Weike In CH, But Please Note That CH Is The Companies Registry In The UK And Does Not Have The Legal Right To Regulate Any Forex Activities. The Fact That A Dealer Has A Registration Does Not Mean That There Is Any Regulation.
According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorization Or Business Registration From The Financial Conduct Authority (FCA). However, We Did Not Find Any Matches With Weike In The FCA. This Means That Weike Is Not Regulated By Any Regulatory Body. Investors' Funds Invested In This Dealer Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Market Tools
Weike Has A Limited Number Of Trading Asset Platforms Available, Only Currency Pairs, CFDs, And Crude Oil. Some Popular Instruments Such As Stocks, Gold And Silver, Commodities, Stocks, Cryptocurrencies Are Not Available.
Minimum Deposit
Weike Is Vague About The Minimum Deposit To Start A Real Trading Account. In Most Cases, Most Brokers Will Require Traders To Inject About $100 Into Their Account. Some Big Players Need Even Less Money, About $5 To Start Real Trading.
Leverage
When It Comes To Trading Leverage, This Part Of Weike Is Not Made Clear. Since Leverage Can Amplify Gains And Losses, Traders Must Learn How To Choose The Right Amount.
Spreads And Commissions
Weike Advertises That It Offers Low Spreads, But Does Not Specify Detailed Spreads For Specific Instruments. When Trading CFDs On Stocks, Commissions Are Charged When Orders Are Executed. Commissions Are As Low As 0.10% Or 2 Cents Per Share (US And Canadian Listed Stocks).
Trading Platform Available
To Our Surprise, Weike Offers An Mt4 Trading Platform That Is Available On PC And Mobile Devices (available For Download From Google Play And App Store). Remember That Even Though The Industry-recognized MetaTrader Platform Is Offered Through This Broker, It Is Not Safe To Trade With It Given The Following Facts. Weike Is An Unregulated Broker.
Deposits And Withdrawals
Weike Does Not Tell Us About The Payment Methods It Supports. In Most Cases, Most Brokers Allow Traders To Fund Their Accounts Via Credit Cards (visa, Mastercard, Maestro), Telegraphic Transfer, As Well As Some Online Payment Processors (including Skrill And Neteller).
Customer Support
As An Unregulated Broker, Weike Does Not Provide Decent Customer Support Services. They Can Only Be Contacted Via Email: Info@weikefx.com. No Actual Office Address Is Provided, Which Makes It More Like A Scam Or An Illegal Broker.
