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Score

1.50 /10
Danger

Webears

Saint Lucia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://webears.com

Influence

D

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Comparison

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Score

Regulatory Index0.00

Business Index6.96

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2025-11-19
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Webears · Company summary
Webears Review Summary
Founded2011
Registered Country/RegionSaint Lucia
RegulationNo regulation
Market InstrumentsForex, Metals, CFD Commodities, CFD Indices, CFD Stocks, Cryptocurrencies, NFT Indices
Demo Account/
Islamic Account✅
LeverageUp to 1:1000
Spread/
Trading PlatformMetaTrader 5 (MT5)
Minimum Deposit$250
Customer SupportEmail: office@webears.com

Webears Information

Webears is an unregulated broker based in Saint Lucia. It provides trading in a wide range of financial instruments, such as Forex, CFDs, cryptocurrencies, and NFT indices. The platform provides MetaTrader 5, algorithmic trading, Islamic accounts, and passive income potential, but it does not provide regulatory monitoring.

Webears' homepage

Pros and Cons

ProsCons
Wide range of tradable instrumentsNo regulation
Supports algorithmic and swap-free accountsLimited fee information
MetaTrader 5 availableHigh minimum deposit
No direct contact channel
Unknown payment methods

Is Webears Legit?

Webears is registered in Saint Lucia, although it is not regulated by the country's financial authorities. Please be aware of the risk!

According to WHOIS records, the domain webears.com was registered on August 15, 2011, last updated on August 15, 2024, and is valid until August 15, 2025. It presently uses Cloudflare's DNS services.

Domain information

What Can I Trade on Webears?

Webears provides a wide range of financial instruments, including Forex, CFDs, cryptocurrencies, and NFT indices, as well as support for algorithmic trading, Islamic accounts, hedge funds, and technical/fundamental analysis tools. The platform also promotes passive income opportunities, affiliate schemes, and global trading competitions.

Tradable InstrumentsSupported
Forex✔
Metals✔
CFD Commodities✔
CFD Indices✔
CFD Stocks ✔
Cryptocurrencies✔
NFT Indices✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on Webears?

Account Type

Webears has three live account types: standard, Islamic (swap-free), and algorithmic.

All accounts demand a $250 minimum deposit, offer high leverage of up to 1:1000, and access Forex, CFDs, Crypto, and NFT indices using MetaTrader 5.

The Islamic account is Sharia-compliant, has no swaps, and charges a $10 fee each lot, whereas the Algorithmic account is designed for AI/ML-driven automated trading.

Account TypeStandardIslamic (Swap-Free)Algorithmic
Suitable forExperienced manual tradersMuslim traders (Sharia compliant)Automated/AI & ML strategy traders
Swap-Free✘✔✘
Minimum Deposit$250$250+
Forex Contract Size1 lot = 100,000 units
Commission$0$10 per lotDepends on algo execution
Margin Call Level100%
Stop Out Level20%
Hedge Margin50%
Min Trade Size0.01 lot
Max OrdersUnlimited
Execution TypeMarket Execution
LeverageUp to 1:1000
Requotes✘
Personal ManagerFrom $10,000 deposit
Phone Dealing✔
Trading HoursCrypto: 24/7; Forex: Mon–Fri
Account comparison

Leverage

Webears provides maximum leverage of up to 1:1000 on all account categories, allowing traders to manage large positions with minimal deposits. High leverage can maximize income, but it also considerably raises the chance of loss.

Webears Fees

Webears' costs range from low to somewhat more than industry standards, depending on the account type. While the Standard account charges no commission each lot, the Islamic (Swap-Free) account charges a $10 commission every lot.

Account TypeCommissionSwap-Free
Standard$0✘
Islamic (Swap-Free)$10 per lot✔
AlgorithmicDepends on strategy✘

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5 (MT5)✔Windows, macOS, Android, iOS, WebExperienced traders
MetaTrader 4 (MT4)✘–Beginners

User Reviews

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User comment

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Comments

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Sr. Gu
more than one year
One major concern is the lack of regulatory oversight, which leaves investors vulnerable to fraudulent activities. Their platform may also have issues with stability and reliability, which could lead to potential losses. In terms of trading conditions, it's unclear what products are available, and what the trading fees and conditions are like.
One major concern is the lack of regulatory oversight, which leaves investors vulnerable to fraudulent activities. Their platform may also have issues with stability and reliability, which could lead to potential losses. In terms of trading conditions, it's unclear what products are available, and what the trading fees and conditions are like.
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2023-04-03 18:25
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Sr. Gu
more than one year
They claim to be experts in financial risk assessment and providing solutions, but they lack any regulatory licenses, which is a red flag. Additionally, the user reviews of their services are not positive, indicating potential issues with their platform and customer support.
They claim to be experts in financial risk assessment and providing solutions, but they lack any regulatory licenses, which is a red flag. Additionally, the user reviews of their services are not positive, indicating potential issues with their platform and customer support.
Translate to English
2023-04-03 18:25
Reply
0
0