An investor needs to know about a broker before starting to trade with a new fx broker or any other trading platform. If you are planning to trade with Wealthway Inc Limited, you should read this comprehensive Wealthway Inc Limited review. Scam Help Center Team suspects Wealthway Inc Limited as a fraudulent broker. Read the details here.
Website – https://www.wealthwayinc.com/
Website Availability – YES
Address – 71-75 Shelton Street, Covent Garden, London, England, WC2H9JQ
Blacklisted Status – Not recommended by the review website like Scam Help Center
Domain Age Information –
Domain Name: WEALTHWAYINC.COM
Registry Domain ID: 2197275471_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.domainshype.com
Registrar URL: http://www.domainshype.com
Updated Date: 2023-12-11T04:41:06Z
Creation Date: 2017-12-08T10:50:09Z
Registry Expiry Date: 2026-12-08T10:50:09Z
Fraudulent Conduct by Wealthway Inc Limited Broker
Wealthway Inc Limited presents a Companies House (CH) number as proof of validity and states that company is registered in the UK. But, a company’s CH registration does not imply that a financial regulator has permitted it. Wealthway Inc. Limited does not have a license to carry out regulated activities in the UK, according to a search of the Financial Conduct Authority (FCA) register that produced no matching results. It is extremely risky to trust the company because there are no legal safeguards for investors’ money due to this lack of regulation. As things stand, Wealthway Inc Limited seems to be a fraud.
Negative Reviews and Red Flags
An important factor in evaluating Wealthway Inc Limited’s reliability is the prevalence of negative reviews across various platforms. These reviews often highlight issues such as withdrawal problems, unresponsive customer service, misinformation, and clear signs of Romance fraud and other fraud. Given the numerous negative reviews that underscore the risks of trading on this platform, prospective investors are urged to exercise caution and consider more trustworthy forex trading brokers from the genuine forex brokers list.
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The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Wealthway Inc Limited’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a Wealthway Inc Limited review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of Wealthway Inc Limited broker
Wealthway Inc Limited seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Wealthway Inc Limited offers assets that are highly risky and result in huge losses for investors.
Wealthway Inc Limited sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is Wealthway Inc Limited a fraudulent or legit broker?
Given the regulatory warnings and negative Wealthway Inc Limited reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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Got Scammed by Wealthway Inc Limited? Scam Help Center Is Your Solution for a Refund!
For victims of Wealthway Inc Limited, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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