Financial Services Authority (Seychelles) — Seychelles
Legacy Capital Ltd
Offshore Regulation · No. SD229
WBinvest Review — Overview
Regulation
Offshore regulated
Licence
FSA · No. SD229
Licence status
Offshore Regulation
Instruments
Forex and CFDs
Operating
Within 1 year
Main market
MY
Entity
Legacy Capital Ltd
Website
en.wbinvest.com · Offline
WBinvest is a forex & CFD broker based in Seychelles, operating for Within 1 year. On Trust Broker Hub it holds a Trust Score of 2.8 out of 10, which we rate as Poor — below the 4.9/10 average for brokers that hold a verified licence. High-risk profile — proceed only with caution and small amounts.
WBinvest's licence comes from an offshore jurisdiction (FSA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
WBinvest provides access to forex and CFDs. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, WBinvest carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?
Weighted total
4.25
Data completeness
3 of 10 facts verified
30% ×0.65
Trust Score
2.8 / 10
We could verify only 3 of 10 facts about WBinvest, so its score is scaled down. A missing licence, undisclosed trading terms or no track record cannot earn marks — absence of bad news is not evidence of safety.
Trust Score history
2 recorded pointsNow 2.8/10
Pros
- Holds a FSA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
MetaQuotes registry
Legacy Capital Ltd MT5 server: LegacyCapitalWBInvest
- Registration number
- 8438289-1
- Registered address
- CT House, Office 9A, Providence, Mahe, Seychelles
- Offices
- Seychelles
- Status (per MetaQuotes)
- Regulation: Seychelles
- Website
- wbinvest.com
- support@wbinvest.com
- Abuse reports
- support@wbinvest.com
- Phone
- +248 4263714
Company details come from the broker's listing in MetaQuotes' MetaTrader 5 directory. A MetaQuotes listing is not a regulatory licence; see the Regulation section above for verified licences.
Trading conditions
| Instruments | Not disclosed |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Not disclosed |
| Platforms | Not disclosed |
| Demo account | Not disclosed |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on WBinvest
Our analysis · editorial
2.8/10
High-risk profile
WBinvest is regulated in an offshore jurisdiction (FSA), which offers lighter oversight than tier-1 regimes. It is based in Seychelles. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 2.8/10 — a high-risk profile.
Strengths
- No complaints on record with us
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
- Limited public data on its trading conditions
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
WBinvest — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag WBinvest here if that changes.
Full specifications
Regulated region
Seychelles
Operating period
Within 1 year
Main market
MY
Licensed entity
Legacy Capital Ltd
License status
Offshore Regulation
Frequently asked
Is WBinvest a safe broker?
WBinvest scores 2.8 / 10 on our Trust Score, below the 4.9 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us, though that is not proof of good conduct. Trade only with funds you can afford to lose.
What is the WBinvest MT5 server name?
WBinvest is listed in the MetaQuotes MetaTrader 5 directory under the server name "LegacyCapitalWBInvest". In MetaTrader 5, add an account and search for that name, then choose the exact server shown in your account details from the broker. Read our methodology.
Is WBinvest regulated?
MetaQuotes lists Legacy Capital Ltd with the status "Regulation: Seychelles". That is the broker's own declaration to MetaQuotes, not a licence we have checked. We have verified a licence with FSA.
How is the WBinvest trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from WBinvest?
WBinvest doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.