I want to ask, is the broker wallstreet (wallstreetsuperfx.com) truly reliable or not?
2 Answer
W
Walimar
14 Jul 2021, 16:42
Do you know this new broker, bro? I've never heard of it. On TrustPilot, it only has a 1-star rating and the comments say it's a scam.
E
erik tri cahyo
26 Jul 2021, 12:30
To Agung,
Checking the credibility (trustworthiness or not) of a broker is actually quite easy, namely just look at the regulatory status of the broker in question. Therefore, it is recommended to use a broker that is regulated by a trusted regulatory body such as regulated ASIC, FCA, NFA, FSA, etc.
In addition, also consider the popularity of the broker in question. Because using a credible broker is not enough if the broker is not popular among traders. The reason is, you will later have difficulty getting important information or just looking for testimonials about the broker if you use a broker that is not yet/not popular among traders.
The broker you mentioned above, after we traced it, has a regulatory status from the local regulatory body where the broker is based. Not only that, the name of this broker is still foreign among traders so we do not recommend trading with this broker.