Wealth Trade Review – Unveiling Fake FCA Regulations

All brokers registered in Australia and the UK should have some sort of credibility. Thus, if there’s no proof of that, it’s highly probable nothing the company offers can be trusted.

Luckily, it’s quite easy nowadays to investigate the company and find out if they are trusted or not. To save time and frustration, simply read this Wealth Trade review if you want your money to be safe.

Legal Info: Is Wealth Trade Legit Or A Scam?

Generally speaking, the company wants to present itself as trusted, yet it doesn’t reveal who owns it. There are no transparent registration and license details even though it claims to be FCA-regulated. On top of all this, it claims to be based in Australia. So, let’s find out quickly if these are all lies or not.

If you check the FCA and ASIC databases and look for Wealth Trade, you won’t find any results. This means nothing this company offers can be trusted, especially its security.

In addition, the company claims to have been in business for 7 years and to have more than 450,000 users. Yet, there are zero Wealth Trade reviews to prove that, even though they falsely claim to have more than 3,000 positive reviews on Trustpilot.

Who Are Wealth Trade’s Victims?

One of the ways to prove they have not been in the business for 7 years is by checking their domain. It appears they have only been around since December 2023. For the time being, they were mainly  targeting: 

• United States
• Colombia
• Spain
• Canada

Luckily, if you are one of their victims, our refund experts can advise you about refund options. For some more tips on how to expose fake investment offers,  check our Toro Invest and Dracomi reviews.

Investment Costs With Wealth Trade

Important to realize is that Wealth Trade investment plans don’t include any fees or commissions. Practically, they are generating your profits completely free. 

But does that make any sense? Definitely not. Fairly, it’s a clear sign they will just keep your deposit for themselves.

Bonuses

Since the company generates free returns for its users, it would be greedy to look for bonuses. Thus, you should be careful anyway because you never know what trick the company might use.

Wealth Trade Trading Features

As can be seen, the company offers investment and portfolio management on its innovative trading platform. However, none of those features can be truly trusted, with zero credibility and no licenses. 

All in all, you can’t expect any advanced options or features, no matter what the company advertises.

Trading Platforms Available

The company’s innovative platform is fairly far from innovative. It’s only available as a web-based solution that can be easily manipulated. To be fair, that’s the only way they can present you with a guaranteed 20% return daily.

Available Trading Assets

Apparently, there are more than 2000 assets available for trading in the Wealth Trade account. Thus, without adequate licenses, it’s hardly believable that any data can be fully trusted. 

In any case, the advertised options are: 

• Forex – USD/GBP, EUR/CHF
• Commodities – gold, crude oil
• Indices – NASDAQ, NYSE
• Stocks – Microsoft, Tesla

Account Types

Once you complete the Wealth Trade login process, you’ll be required to activate some of their investment plans. Every plan requires progressively higher deposits and brings higher daily returns. But can you withdraw returns? We highly doubt it.

Nevertheless, you can choose:

• Basic – $200 / 3% daily / after 24 hours
• Business – $2.000 / 5% daily / after 2 days
• Executive – $5.000 / 10% daily / after 4 days
• VIP – $8.000 / 20% daily / after 7 days

Mobile Trading App

Tracking your Wealth Trade portfolio would be more convenient in trusted mobile apps. Thus, if you check AppStore or PlayStore, you won’t find any. 

Fairly, that doesn’t seem as innovative as the company claims to be. Not to mention, they want us to believe they have won awards for its platform.

Demo Account

The only way to determine whether Wealth Trade is legit is to approve withdrawals. Consequently, demo accounts don’t make much sense here. On the other hand, a trial with a guaranteed refund would be a much better option. Still, without regulations, it wouldn’t make a big difference.

Education

According to the company’s presentation, a video library is offered to users. However, if the company invests on your behalf, do you truly need education? 

In reality, yes. But not the one coming from a scam company. After all, they will teach you only details that suit their scamming activities.

Wealth Trade Withdrawal

The biggest concern with a Wealth Trade scam company is the withdrawal. No matter what profits they present you with, if you can’t withdraw them, there’s no point in investing. In general, companies like these might even allow small withdrawals to happen. But only to make traders believe it’s all legit.

Thus, when traders start depositing more money, they realize they are getting scammed. But what else do you expect from a company that hides withdrawal policies and fees?

Customer Support

Another issue with this investment firm is extremely poor contact options. With only e-mail and live chat available, it’s clear you can’t expect top-notch assistance. Especially if you compare these to top-tier licensed firms that mainly offer direct phone lines.

Key Information To Consider About Wealth Trade

First of all, traders have to remember all details about this company are fake, starting with Australian registration, FCA license, fake Trustpilot reviews, and guaranteed returns. Literally, every bit of a detail is designed to trick you.

And still, we understand if you fall for those tricks. After all, every trader wants quick results. But not all quick results will be real. In case you fall for these fake offers, we strongly advise you to apply for a refund immediately. To get step-by-step guidance, feel free to contact our chargeback experts.

FAQ Section