Alwasit is a brokerage company from the UAE that promises traders secure investments. According to legend, the financial partner is working to strengthen investment and financial values. The platform offers access to trading Forex currency pairs, commodities, indices, cryptocurrencies, stocks. There is no detailed contract specification.
The broker does not report work experience in the financial markets, there is no roadmap. A whois check showed that elwasit.com was registered in February 2022. During the existence of Alwasit, many negative reviews have appeared.
It is not clear what the broker has with legal documents. There is no confirmation on the platform that the company operates honestly and reliably. However, Alwasit indicated a legal address in the UAE. Given this fact, the broker had to obtain permission from the local regulator. We checked this data, there is no Alwasit in the DFSA registry.
We consider Alwasit to be a fraudulent broker. Real traders who have already cooperated with this company confirm the fraud on its part. What do you think? Post reviews under our article to warn other users about the danger. Tell us why you think this broker is a scam and do not recommend cooperating with it.
I thought I could make money on this platform. The broker promised good conditions, but when I submitted a request for a profit withdrawal, my account was immediately blocked …. These are scammers.
Alwasit deceived me, the company gave false recommendations, and now they do not want to bear financial responsibility and compensate for the damage caused. Do not register on this platform.