WIT mixed reaction among traders and controversial reviews

World of Investment Technologies (WIT) - is engaged in the professional implementation of investment solutions, including those intermediary services in the Forex market that brokers usually provide for Poland.

Information about WIT registration caused a rather mixed reaction among traders. The company is not the only Forex broker whose reviews criticize the lack of a financial regulator. But in this case, the authors of the comments summarize this with the location of the company in the offshore zone and the relatively short period of activity, calling the company young and unregulated. Such comments contain concerns about a possible fraud and scam. At the same time, there are traders who are completely satisfied with the broker, the reviews of these authors are focused on the profitability of the conditions offered to them.

Trading conditions

The company provides a fairly wide selection of accounts, like many brokers for Poland:

• Start - investments from $100, spread from 2.5, leverage 1: 100;

• Business - investments from $1000, spread from 1.5, leverage 1: 100;

• Gold - investments from $10,000, spread from 1,1, leverage 1:20 - 1: 100;

• VIP– investments from $50,000, spread from 0,7, leverage 1: 1 d - 1: 100.

For Gold and VIP accounts, among other things, charges are set to 12% and 15-17%, respectively. For all of the above accounts:

• minimum lot - 0.01;

• Margin Call - 20%;

• Stop Out - 10%

• trading platform - MetaTrader4.

For trading conditions, the broker received reviews quite controversial. On the one hand, some traders find them profitable and report successful trading through a broker. On the other hand, there is a lot of criticism of the company, including one that claims that, judging by the numbers, the broker is “kitchen”, that is, scammers. Due to the scatter of opinions, it is difficult to make a final conclusion about the attitude of traders to the conditions that the broker provides for working on Forex - the reviews about them are too mixed.

Quality customer service

At the disposal of customers:

•  free education;

• training demo account;

• round-the-clock support service;

• access to analytical materials;

• training and reference materials.

In addition, regularly held promotions, free contests with prizes. This range of services is wider than brokers usually offer for Poland. The bonus program also works.

For the quality of the services provided, the broker earned diverse reviews. Approval caused a set of bonuses and ongoing promotions. At the same time, the passivity of the support service became the reason for the fact that the Forex broker received critical and even negative reviews, including accusations that the company was a scam. At the same time, there is a certain amount of laudatory comments about the support work.

Quality and settlement procedure

To deposit funds to a client account, the following are provided:

• payment cards and bank transfers;

• banking systems;

• communication salons;

• payment terminals;

• electronic payment systems.

This set is wider than brokers usually provide for Poland.

To withdraw funds can be used:

• bank account or card account (from $1000);

• WebMoney.

About how honestly the broker pays money, reviews are also divided. Some traders talk about fraud, scam and delays in the payment of funds. Others are quite happy with the payments that the Forex broker makes - the reviews of such clients are laudatory. Critically perceived lack of choice of a payment system for withdrawing funds.

Gerard Moore

Gerard graduated from The Summit School, New York, where he studied journalism. Started writing about finances since 2013. He is a board member of the Rotary Club and a member of Young Leaders of Northeast Indiana. Alongside Gerard specializes in providing responsible investments and financial planning solutions for business professionals.

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