WadTrade Review

About WadTrade

WadTrade operates via the domain wadtrade.com and is not registered with, nor authorized by, any recognized financial regulator, including but not limited to the CFTC, NFA, FCA, CySEC, ASIC, BaFin or others. BrokersView has confirmed that WadTrade is unregulated and is considered unsafe for investors. Reports from mid‑2021 indicate the site became unavailable around December 27, 2021, suggesting potential suspension or website shutdown. ()

An investor case documented by BrokersView describes a deposited amount of US$60,700 being blocked when a withdrawal was attempted; the account was reportedly deactivated. WadTrade claimed a headquarters at “8246 Grand Avenue, Suite 525, Orlando, FL 32810, USA,” yet held no CFTC or NFA license, which is mandatory for operating in the US forex market. ()

The Forex Review corroborated these findings, stating WadTrade is an offshore broker lacking regulation, client fund segregation, negative balance protection, compensation schemes, trading platforms, spreads, leverage information, or account types. The absence of legal documentation and transparency are clear indicators of illegitimacy. ()

Pros and cons

Pros

• None—no verified services or regulatory safeguards available.

Cons

• Unregulated by any recognized financial authority.
• Documented violation: refusal to permit withdrawal of deposited funds.
• No evidence of trading platform, account types, spreads, leverage, or client protection mechanisms.
• Website suspension and lack of operational transparency.