In the FxGecko app, you can reference the top 100 forex brokers for your selection. If not in the top 100, pay special attention to the broker's primary white label relationships and risk alerts.

Recently, investors have been questioning the legitimacy and safety of the forex broker Webfox. According to broker information on the FxGecko app, here are the potential risks and concerns associated with Webfox that investors should be aware of when considering a forex trading platform.

1. Establishment Date

Webfox (Webfox Ltd.) was established relatively recently, in 2023. Compared to some well-established and experienced forex brokers, Webfox's performance and stability have not been tested by the market and clients, requiring careful evaluation by investors.

2. Regulatory License

Webfox is registered in Saint Lucia, which is an offshore financial center with relatively lenient regulations. Additionally, the Financial Services Regulatory Authority of Saint Lucia has notified that forex trading activities are not licensed in Saint Lucia. 

This means that forex brokers registered only in Saint Lucia are not regulated, which may pose risks to investors' fund security.

3. Server Quantity and Stability

It is understood that Webfox operates only 1 MT5 server. This indicates that the broker has a small client base, and during peak trading periods or in the event of server issues, trade execution may be affected. Investors should be wary of these potential technical limitations.

4. Rating and Ranking

According to evaluations by FxGecko, Webfox has a rating of 2.3/10 and is ranked globally at 5750. This rating and ranking reflect potential high-risk signals associated with the Webfox platform, warranting caution from investors.

In summary, Webfox is a high-risk forex broker. Investors should be mindful of the above-mentioned risks when selecting a broker for trading.

It is advisable for investors to consider the regulatory status, technical infrastructure, user reviews, and their own risk tolerance when choosing a forex broker. Making informed decisions is crucial to ensure safe and smooth trading operations.

Before trading, check brokers in FxGecko app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.