WeBears
Company Activity
Broker WeBears actually has an address at Rodney Bayside, Rodney Bay, Gros-Islet, Saint Lucia with registration number 2020-00167. The website webears.com is presented in several languages, including English, Russian, Chinese, and German. On the Russian version of the company’s homepage, you can see information about their activities.
Contact Information
Please note that only email addresses for feedback are disclosed on the website, with no phone numbers, online chat, or contact forms.
Trading Conditions
The main feature of WeBears is that orders are processed and executed in 0.05 seconds. There is also a claim of having “licensed liquidity providers” and round-the-clock support.
- The MetaTrader 5 platform is the main one for trading.
- The minimum deposit on a standard account is $100.
Various account types are available, including cent and demo accounts. Market execution is claimed to be at 0.2 seconds.
VIP Client Program
For clients with deposits over $10,000, a VIP program is available, which includes various privileges.
- Compensation for negative swaps.
- Compensation for commissions by accruing bonuses.
- Access to educational events.
Deposit and Withdrawal of Funds
Methods of depositing and withdrawing funds are not specified, but there is some information in the FAQ:
- Additional information may be required for depositing or withdrawing funds.
- Withdrawal requests are processed within 7 business days, WeBears does not charge a fee for fund withdrawals.
Conclusion
Due to offshore registration and lack of a license, traders should exercise caution. Reviews from real clients can be key in deciding whether to collaborate with WeBears.
WeBears offers an average platform suitable for both beginner and experienced traders, though the service does have room for improvement in teaching resources and customer service responsiveness.