West Bank Trading has been flagged by Palestine Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The so-called education at West Bank Trading is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for roughly four months thinking they would help me learn.
Pros: High security standards|Fast deposits|Good analytical tools
Cons: Spreads widen during volatile periods|Limited ETF selection
Several red flags with West Bank Trading: (1) They promise unrealistically high returns, (2) They're not registered with Palestine Capital Market Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. West Bank Trading recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Transparent fees|Market news feed|Copy trading available|Two-factor authentication
Cons: Spreads widen during volatile periods|Could offer more webinars
I was contacted by West Bank Trading through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. West Bank Trading said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: API access|Copy trading available
Cons: No live chat on mobile|Account statements could be more detailed
West Bank Trading changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Social trading features|Automated trading options
Cons: Nothing significant
I opened an account with West Bank Trading for a couple of months now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Instant funding|Social trading features
Cons: Nothing significant|Desktop app not available on Linux
I lost a significant amount because West Bank Trading did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Competitive fees|Great customer service|Economic calendar
Cons: Limited ETF selection
West Bank Trading had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Full transparency|Fast support response|Automated trading options|Personal attention
Cons: Minor UI glitches occasionally|Wish they had more educational resources
I trusted West Bank Trading with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Social trading features|Smooth onboarding
Cons: Slow to add new assets|Charting tools need more indicators