WXJTSS Trading Platform Review: High Risk (Suspected Scam)


WXJTSS, founded in 2023, is a forex platform. This article evaluates it by regulatory licenses, trading varieties, software, security, deposits/withdrawals, and leverage.

Introduction to WXJTSS Company:

WXJTSS is a forex trading platform operated by WXJTSS GROUP CO., LTD. According to information from the UK Companies House official website, WXJTSS GROUP CO., LTD. was registered on March 13, 2023, with a registered address at Floor 1 Office 25, 22 Market Square, London, England, E14 6BU. The company's registered director is a Swiss national named Christian Ueli EGGER. The company has been in operation for less than 8 months as of October 31, 2023.

WXJTSS Group UK Company House截图

Is WXJTSS legit? Does it hold relevant financial regulatory licenses?

In the company introduction section on its official website, WXJTSS claims to be regulated by the U.S. MSB (Money Services Business) with the registration number 31000239880617. Tradeknows has indeed verified the registration number on the official FINECN MSB (U.S. MSB) website. However, it's important to note that FINECN MSB is primarily involved in anti-money laundering supervision and does not oversee the forex margin trading activities conducted by WXJTSS. Consequently, WXJTSS appears to exploit investors' lack of knowledge about regulatory authorities by engaging in false advertising and illegal operations.


Finecn MSB监管介绍截图

Trading Products Offered by WXJTSS:

According to the official website of WXJTSS, this broker offers trading services for various financial assets, including forex, commodities, stock indices, and cryptocurrencies.

WXJTSS 提供的金融资产交易

Trading Software Provided by WXJTSS:

On the broker's official website, they provide a download link for a trading software called "FX6." It's important to highlight that there is no information about the entity behind this trading software, posing significant risks to users. Using FX6, brokers can engage in manipulative practices, price manipulation, and force liquidations, which are violations of industry standards.


Fund Security:

WXJTSS has not disclosed any third-party fund custody information on its website, raising concerns about the security of user funds.

Deposit and Withdrawal Methods:

WXJTSS has not provided any information regarding user deposit and withdrawal methods, making it unclear how users can make deposits or withdrawals.


The broker claims a leverage ratio of 400:1, while typically, compliant brokers offer leverage ratios ranging from 10:1 to 100:1.


In Conclusion:

WXJTSS is a forex broker engaged in illegal financial activities, using false regulatory information. The broker has not disclosed critical information about user fund security, deposit and withdrawal methods, and other key details. Tradeknows advises caution, as WXJTSS is a high-risk forex trading platform. It is recommended to avoid this platform to prevent potential financial losses.


Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.


Risk Warning

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