WFYT Review: Hoax Platform Involved With Known Con Artists

Are you looking for a prop trading firm that will rip you off for challenge money and fail you no matter how successful you are? Well then look no further than the one we’re discussing today in our WFYT review!

This bogus company is actively abusing the loose regulation of the prop trading industry to steal from their clients. To help them achieve popularity, they’ve enlisted known scam promoters and launched numerous advertising campaigns on social media.

Who Owns WFYT Brand?

One of the first red flags you will encounter with this company is that it doesn’t want you to know where it’s from. This general lack of transparency is not something you expect from reputable firms like Kaiko.

Only on one instance, in a single Facebook account (out of multiple others, mind you), does the firm mention they are from Dubai.

Naturally, we went to check out the Dubai Economy and Tourism business registry. As expected, we didn’t find any company listed under such a name. Legit firms like DEXTools would appear in a register search, so this is a good indication that the firm is illicit.

Now, as we’re not the ones to jump to conclusions, here are some other pointers. Social links, including LinkedIn, Instagram and YouTube, revealed a connection to a known scam promoter – Greg Secker.

The company’s official X account has been hacked, with some good samaritan using it to warn the public with a pinned post. The hack happened approximately 10 days before writing this review, meaning that the swindlers don’t have interest or resources to recover it.

WFYT Platform Overview

The platform, if there is one, is packed to the brim with brainwashing ideas on how to get rich quick. This permeates through the entire essence of the site, from webinars to trading features, to challenges.

One of the promotions will allegedly give you instant access to a $25,000 WFYT funded account in return for only $57.

The firm is really pushing the idea of education, through various webinars, live streams and other events. Of course, these are all either expired or pre-recorded on YouTube. Naturally, the fraudsters sprinkled the old “award winning platform” over the site a couple of times for good measure.

Discussing the advertised trading amenities is a dubious affair, because we already know we can’t trust these guys at all. Either way, leverage is said to go as high as 1:100. While there are several challenge types, the parameters are the same, with only a slight difference in WFYT price of participation.

The schemers also claim to offer a complete AI trading solution that does everything by itself. All you need to do is push a button and keep the money. 

The question is, then – if they have the money to set all this up and even pay the traders for the hassle, what difference does the $57 fee make?

Looking into the WFYT reviews on TrustPilot, we see the usual manipulation common with other similar frauds. Majority of the clients that left a negative testimonial complain about the company failing their challenge regardless of the end result.

How to Request a Payout?

No information is provided about either payout conditions, or payout channels. It’s impossible to create a WFYT login account without going through one webinar or another, all of which are booked for a month or so in advance.

If you try searching the FAQs for the word “payout”, the only result you will get is about the profit split. This is followed by another advertisement of funded trading accounts, without a single mention of WFYT payout.

FAQ