Effortwe365.com Review

1 • 4 REVIEWS
Out of business Effortwe Global Group
Updated: Apr 13, 2022
Effortwe365 is a forex broker. Effortwe 365 offers the MT5 and MT Mobile forex trading top platform. Effortwe365.com offers over 30 forex currency pairs, cfds, commodities, stocks, indices, metals and cryptocurrencies for your personal investment and trading options.
2021-06-23: The page footer for Effortwe365.com says Copyright © 2009 - 2020.

The About Us section of the effortwe.com homepage says "broker registered and supervised in many countries" but the website gives no postal address and has no mentions of any registrations or regulations by any country. The same paragraph also says the company has "over 100,000 retail and institutional customers."

The effortwe365.com domain was first registered on June 11, 2021.


The FPA does not believe a company registered itself in many countries and managed to get over 100,000 customers in 12 days.  The FPA recommends the highest possible level of caution dealing with effortwe365.com.
Website is down. Company seems to be out of business.
Effortwe365.com
Out of business
1 • 4 REVIEWS

Recent User Reviews of Effortwe365.com

K
Kazrengo7
Quezon City, Philippines,
Jul 16, 2021,
Registered user

I got scammed by a "handsome" guy

Service use: Live Length of use: 0-3 Months
Hello, I am Kaz. and this is my story

I got started with trading when I met someone via Facebook Dating. I had met a Chinese guy there and we hit it off. He shared that he did Forex exchange buying Gold vs. US Dollar. The picture he used was very handsome so I was very determine to get his attention.

I started investing with a little like $250, and as the weeks progressed talking to him, he wanted me to add more to the amount. I refused but then he said that he will give me $5000 so that I can earn more. Then a few weeks past my balance is now 22k and I wanted to withdraw it, he said that I have to pay personal income tax to be able to withdraw. Then I researched on why this is and thought "Why didn't they just get the tax from my balance" and found this thread of people sharing their stories with WeEffort 365 Global Limited.

Everything clicked when I read all these stories here and I was almost scammed of all my life savings, good thing I did my own research (but it was too late since I had already put in amounting to $2500) and realized that it was a scam. I was sad but at the same time relieved since I was scared that I was going to be charged with Tax Evasion

All I can do now is feel loss of most of my savings. I would like to get my money back but it feels like there is no way for it to comeback

PLEASE, whenever your doing something you are not familiar with especially if you don't know that person personally,

Do your own research, stay away from anything that has any money involved
and be careful.

Quick details for skimmers:
I am 22. Graphic Designer.
Used Binance - EffortWe Global Limited - MetaTrader 5

Banks used:
Banco De Oro (BDO)
Bank of the Philippine Islands (BPI)
Metrobank

Scammer:
Jack (name he used but he used a Chinese title in Facebook Dating)
Whats App: +852 5574 0030
Where we met: Facebook Dating (gay)
1 trader has found this review helpful
J
JP
Manila, Philippines,
Jul 1, 2021,
Guest

I have same scenario.
They lend me 10,000$ but I can't withdraw my money until I can recharge/pay the 10,000$.
My prior investment/capital plus the 10,000 $ is now earning more 20,000$
I have 8days remaining to complete the 10,000$
(Already pay 2,000$)
I see this article about effortweglobal scam
Because of this I'm planning now to push thru to complete the 10,000$
1 trader has found this review helpful
Forex Peace Army
Review moderation team note
We believe if you pay the $10,000, you will find that they will ask you to pay more fees.  If they "loaned" you $10,000, then they can collect the money directly from your trading account.

We believe you are unlikely to see any of your money no matter how much you pay them.
M
Ms.D
Philippines, Philippines,
Jul 1, 2021,
Guest

Unable to withdraw deposit funds

Service use: Live Length of use: 0-3 Months
I signed in with effortwe last june 17 to be able to trade. The customer service was very quick in assisting the funds deposits via wire transfer of coins. Was able to do one trade however i cannot continue to do more coz i needed more funds into it which i do not believe so i never ever added more funds again. When I attempted to withdraw my entire funds including my profit amounting to 567 usd, the customer service took nearly the whole day to respond and end up asking me more funds to add into my account. Below is the response which is totally suspicious and unfair. I don't think a legitimate brokerage will have this kind of hassle for their valued client.

"Hello, because the amount of withdrawals on the same day exceeds the maximum amount of withdrawals in the trading account on the same day, resulting in incorrect initial information about withdrawals, there is a risk reminder in the account. You need to recharge the same amount of money in your account before 23.59 on the evening of July 3, 2021 to complete your account withdrawal risk fund, and increase the transaction flow of your account on the same day. You can withdraw immediately. Please specify another time to complete the recharge.
20% of the account balance will be deducted every day if it is not completed within the time limit, and the platform will report to the Bank of the Philippines credit information system and sue through the local Supreme Court of the Philippines. The legal liability will be borne by you!
I wish you a happy life!"

Can the company do something to fix this and give me back my hard earned money.
M
MrGoingFar
Midwest, USA,
Jun 24, 2021,
Registered user

Effortwe Global Limited is a SCAM.

Service use: Live Length of use: 0-3 Months
ALWAYS do your homework on a company. Effortwe365/Effortwe Global Limited is a scam company. Don't believe me? Website was created on June 11th, 2021, bottom of the page shows copyright 2009-2020, but not copyrighted for this year (2021). First red flag. Second red flag? The company is registered to a tiny Chinese restaurant in Somerset in the United Kingdom, and this scam company was incorporated on 05/14/2021 (more on that in a second). Third red flag? In a span of one month, they secured 100,000 customers and is regulated in 70 different countries? Somehow they managed to secure a diverse portfolio of over 50 promising commodities in a span of one month? Unprecedented.

More interesting facts: there are over 50 companies (I honestly got tired of counting) registered to the same address as Effortwe 365/ Global Limited, some of which are going to be dismantled by the UK government due to failure to file their accounts. All companies are registered under Chinese residents who do not reside in the UK (who are all probably innocent victims of a more serious problem at hand).

Do your homework before pouring money into the one of perhaps hundreds - even thousands - of fake incorporated companies.
L
LRichard91
ASIAN, Viet Nam,
Jun 22, 2021,
Registered user

It's a scam

Service use: Live Length of use: 0-3 Months
This is a scam platform when you could not withdraw your money. They use USDT so it will be very hard to trace

At first, they still let you withdraw money. This makes you believe in the system. But once your deposit reaches 20k they will freeze your account and said you must pay the tax fee to open a green channel by recharging new money.
From that point the more you recharge the more non-sense, new fee comes to you.
The broker may lend you some money to gain your belief to put more money in it. Just don't buy it.

Hope someone can stop the company
2 traders have found this review helpful