Recently, many users have raised concerns about Wealth World Markets. It may appear and feel like a professional platform, but the user experience and platform behavior raise serious questions that warrant closer attention. In this Wealth World Markets review, we aim to help you assess whether the platform has proper regulation, transparency, and reliability, and whether it shows any red flags that should be considered before getting involved.
Wealth World Markets Overview
Company Name: Wealth World Markets
Website: https://www.wealthworldmarkets.com/
Address: Moheli Corporate Services Ltd, P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
Regulation Status: Mwali International Services Authority in Comoros Union
Operating Since: 2022-06-17
Warned By: Not Recommended By Review Website Like Brokers Reviewer
Traders are encouraged to proceed with caution when dealing with Wealth World Markets. It is important to verify the broker’s regulatory status, check for proper licensing, and confirm whether it has been blacklisted or flagged by financial authorities.
About Wealth World Markets
Wealth World Financial markets itself as an international online Forex and CFDs trading company that promotes 24/7 access to a plethora of products, including forex currency pairs, commodities, futures, indices, and stocks. Wealth World Markets claims to offer high liquidity, low spreads, mobile trading, and advanced technical analysis on its platform. Moreover, they also claim to be regulated by the MWALI International Services Authority (MISA) with license MISA T2023394, which is stated to be by Bolt Markets Ltd. Unfortunately, MISA is offshore with limited credibility and very little in the way of investor protection, general regulatory oversight, or obligations to be transparent.
Wealth World Markets is rated poorly on Trustpilot with a rating of 1.8, with users providing many negative reviews of the company. Many complaints and allegations were consistent among users, reporting accounts being blocked, forced closures of trades, misleading trading practices, and withdrawn funds. Some customers have also stated that they were pressured into investing more money only to end up losing it again. The company and situation definitely raise red flags and serve as warnings to traders to be extremely careful when trading with this company.
FAQs
Q: Is Wealth World Markets a licensed or regulated broker?
A: It doesn’t seem like any publicly available information suggests that Wealth World Markets has a license from any significant financial authorities.
Q: Can I withdraw my funds easily from Wealth World Markets?
A: There have been some complaints from consumers about difficulties with withdrawals. It’s important to read user reviews and study the platform’s withdrawal policy.
Q: What makes a broker a scam?
A: Common indicators include unregulated status, false promises of returns, withdrawal denial, lack of transparency, and aggressive sales tactics.
Our Verdict on Wealth World Markets
Based on available information and customer feedback, Wealthworldmarkets.com appears to pose significant risks for traders. Issues such as withdrawal delays, lack of customer support, and suspicious account activities make it difficult to recommend this broker. Transparency and regulatory compliance are key factors in choosing a safe trading platform, and Wealth World Markets seems to fall short in these areas.
If you are considering opening an account with Wealth World Markets, it is highly advisable to conduct deep research and avoid depositing large sums of money. Always prioritize safety and choose brokers that are licensed and regulated by top-tier authorities.
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If you believe you’ve been affected by Wealth World Markets, feel free to contact us or report a scam through our platform to help others stay informed.
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