Wilkins Finance Review is Wilkinsfinance.com Scam or Legit Broker

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Wilkins Finance Review

Wilkins Finance is an unlicensed Forex & Crypto CFD broker that opened in August 2020.

Wilkins Finance is owned and operated by Carter Enterprises OU, which is located at: 85 James Bouchier Boulevard, Sofia, Bulgaria. Contact phone number in United Kingdom is: +44 208 089 1309. Customer support email address is: [email protected]

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Wilkins Finance Review

Investors at Wilkins Finance will find the Leverate BX8 web-based CFD trading platform. The software is very easy to use and pretty simple for new traders. You can select the leverage amount you would like to use, your Stop Loss, and a Take Profits amount.

There are hundreds of underlying assets available for CFD trading. All major and minor currency pairs are available, plus you can trade Crypto Currencies like Bitcoin, Ripple, Dash, Ethereum, Monero and Litecoin.

Wilkins offers their investors bonus money for trading. Before accepting a bonus on you account it is very important that you understand the conditions attached to bonus money. You will need to trade 80 times to bonus amount, before you can withdraw your initial deposit. The minimum trade size is $25, and the minimum deposit required for new trading account is $250.

Wilkins Finance Broker Trading Software

Wilkins Finance License Check

Scam Broker Investigator reviews hundreds of Crypto and Forex brokers to see if they are a legitimate brokers or a scam brokers. The one thing we check to see is if the broker is licensed and regulated. Using a licensed broker means that your funds are usually insured by the government regulator, and held in segregated bank accounts.

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Wilkins Finance is not a licensed broker.

If you are interested in investing with a licensed Forex broker, go look at the list of regulated brokers, look here.

ASIC Warning!

“ASIC urges all investors considering investing in Forex, to verify they are dealing with an entity that holds an Australian financial services licence.

If you are currently investing with Wilkins Finance, Please share your experience with this broker in the comments section below.

Wilkins Finance Review: is WilkinsFinance Scam or Legit Broker?

Wilkins Finance is a Forex and CFD broker owned and operated by Carter Enterprises OU, with an address at 85 James Bouchier Blvd., Sofia, Bulgaria. WilkinsFinance contact phone number is +44-208-089-1309 and email address is [email protected] and [email protected]

Wilkins Finance Trading Platform

Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. Wilkins Finance broker offers the Leverate BX8 Trading platform which has numerous assets and cryptocurrencies to trade on.

Withdrawal and Deposit Method

Wilkins Finance withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard. The minimum deposit is $250

License and Regulation

Wilkins Finance is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.

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Wilkins Finance Review – is it scam or safe?

Trading Conditions and Platform

Wilkins Finance is a forex and CFD broker that focuses on trading in cryptocurrencies. Unfortunately, its website does not reveal any of the trading conditions, such as the spreads, fees, minimum initial deposit, leverage available, etc.

Worse still, we could not register an account to try out its services, but judging by the screenshot uploaded on Wilkins Finance’s website, the broker offers a proprietary we-based platform with some basic charting. That being said, some of the best charts are available on the widely used MetaTrader 4 platform (MT4). Besides, this piece of trading software is very popular for its automated trading strategies, known as Expert Advisors, and for its customization options.

As you can see from the screenshot above, the spread on EUR/USD is 2 pips on EUR/USD, which is a bit high considering the current state of the forex market. Most brokers have spreads of 1.0 – 1.5 pips for this pair and some go even lower. For further information and comparison, check out the below link.

The Company. Security of funds

Not only that Wilkins Finance does not disclose its trading conditions, but it also provides no corporate information on the entity operating the brand. This is yet another major red flag. Usually those brokers who don’t announce the company that owns them are either registered offshore, nowhere at all, or are pure scams.

That is why we don’t recommend Wilkins Finance, nor any other broker who does not share essential information on its corporate background and trading conditions.

We also came across some Terms and Conditions of Wilkins Finance applicable to bonuses. Like other forex brokers, this one also seems to offer trading bonuses to new and regular clients. As is usually the case, there are certain trading Volume Requirements which have to be met, otherwise the broker’s clients are not allowed to withdraw any money from the bonus or the profit derived from it.

More specifically, clients of Wilkins Finance must execute a total trading volume of at least eighty times (x80) that of their allocated bonus amount and bonus eligible deposit. For example, if you receive a bonus worth $100 on a deposit of $1000, you will have to trade $100 x 80 = $8000. Besides, each trade must be held for a at least 5 minutes, otherwise it won’t count.

Conclusion

Wilkins Finance is a shady broker that shares very little information on the nature of its services. It seems to offer forex and CFD trades on some web-based platform, but its trading conditions are not clear, and it does not provide a testing service either.

Considering the above, you’d better not waste your time and money on Wilkins Finance. There are a number of reliable and well-regulated brokers with transparent pricing who offer a number of currency pairs and CFDs for trade.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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