Wstunion (World Stock traders Union) Wstunion.com is a scam! Despite their efforts to hide it, members face a withdrawal problem. The problem has persisted for weeks, with the platform not giving any answers.
Our Wstunion.com review will help expose why the platform blocks withdrawals. It’s not a forex trading platform, to begin with. The brokers or persons behind this platform are scammers. Here’s our complete WSTUNION REVIEW.
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The about us page claims the platform wants to be the greatest place for traders to learn. And that they do only the hard way. No trader gets to enjoy the fruits of their labor. Navigating through the platform is also a hard sell for us.
A dark-themed trading platform is a sign of unprofessionalism. Several pages take time to load, not to mention the abysmal trading platform. The platform may appear genuine for newbies, but in reality, it’s not.
Those who have invested are trying to withdraw funds from the platform. The owners of this platform are desperately keeping the scam under wraps, but not anymore. We have a platform waiting to take advantage of investors.
Despite claims of having an advanced trading platform, it remains the case. The platform is abysmal at best and highly unstable. Members are losing funds thanks to the slow execution speeds.
The platform also lacks advanced tools to aid newbies while trading. There’s also the compatibility issue. Those who have signed up with the platform fail to use it properly on specific devices.
Experts recommend using reliable trading terminals backed by experts. MT4, MT5, and SIRIX are world-class trading platforms that generate real trades. Use these platforms and stand a chance to increase your skills.
The platform claims to offer bonuses after trading. Once you sign up, the platform promises a $100 bonus after your tenth trading session. After that, the amount increases until you hit the 100 trading session.
These empty promises drive investors to sign up more and deposit more. The platform is also allowing traders to open multiple accounts. That’s why you need to stay away from such platforms.
The platform fails to offer a demo account for investors to test the set features. And that should indicate that the platform targets a different class of traders. Most brokers will offer a demo account for users to test the features.
Don’t go for a demo account with a Buy/Sell option. You need a demo account that integrates the available trading platform. That way, you properly get to test the set conditions. If there’s no demo account, avoid the platform.
There are five account plans to choose from. These include Bronze, Silver, Gold, Platinum, and VIP. Each of these accounts targets a different demographic of traders. Here’s a closer look at what each account brings to the table:
Bronze
For the bronze account, you get standard conditions in the forex world. The minimum acceptable deposit is $250. Leverage starts at 1:100, with members getting a promise of advanced tools and negative balance protection.
Silver
The silver account has a minimum acceptable deposit of $3,000. You get all the features available with the standard bronze account. Members also get a dedicated account manager with leverage set at 1:200.
Gold
Gold account holder has a minimum deposit balance of $10,000. Leverage starts at 1:300 with features from the two standard and silver accounts. There’s also a professional guide through an educational program.
Platinum
$50,000 is the acceptable minimum deposit with one of the two top-tier accounts. Leverage is 1:300, with members getting exclusive access to webinars. The platform also offers an education center.
VIP
It’s the most exclusive account of them all. There’s a minimum deposit balance requirement of $100,000. The account also targets institutional investors. You also have an account with a leverage of 1:500.
We must mention the high leverage that comes with most of these accounts. Regulators have put a cap on leverage at 1:100. You must know how best the platform targets clients. By claiming to offer professional help.
These private training sessions and access to dedicated account managers are red flags. The webinars are mere meetings held on various forex platforms. You also get educational materials from online sources such as YouTube.
Now, these are the crop of scammers we must expose. The platform uses call agents and hires them as dedicated account managers. All they do is call members claiming a lucrative open position.
All you have to do is deposit more funds, and agents claim to do the rest. Those who mistake sending the funds lose a large chunk of their investment. The platform then moves quickly to replace these managers.
With poor customer service, the broker enjoys negative online reviews. Making contact with the store is another problem. The store limits communication to written form only. We have a store not willing to offer much in terms of availability.
You need to invest with a broker who is available 24/7. Continuously test the availability of a broker before signing up. Brokers who usually limit communication to emails have something hidden up their sleeves.
Invest in a broker who offers live chat support and a working phone number. Anything less than that will most likely make you lose your investment. Unfortunately, these are the hard truths you must face as an investor and trader.
Most brokers flag the platform as a scam, including those running it. The cracks are there, starting with how they present themselves. With unreliable forex trading features, the platform is a scam.
It’s a scam that targets naïve investors and traders. After signing up, the platform creates a dummy trading account. Then, you trade like a real account, and the balance changes as you place trades.
When the time comes to withdraw funds, all hell breaks loose. The platform will block every attempt to withdraw funds. It all starts when the platform claims to put your account under review.
It would be best if you avoid such scams in the future by doing due diligence. If members tried to review the broker, they would get some doubts. Therefore, you can also request we do a review on your behalf.
Thanks to the unstable trading platform, members are slow at executing speeds. We also have a platform that is unwilling to give members the truth regarding transparency. Go for an accountable broker.
No, the broker fails to have a valid license from regulators. However, you should make a point to check with regulators and confirm whether a broker is compliant. If not, it’s best to stay away, even from offshore regulated brokers.
Please stay away from the platform. The overall rating is 1/10.
The broker is a scam.
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