Traders Wealth Hub is a platform offering trading in foreign exchange, indices, stocks, precious metals, energy, ETFs, and cryptocurrencies. However, upon investigation, it appears the platform does not have a real company entity and its operational information has many uncertainties.
Website and Domain Information
The official domain for Traders Wealth Hub is traderswealthhub.com. According to Whois results, the domain was registered on September 25, 2023, making it a relatively new trading platform.
Trading Platform and Software
The official site claims to support trading through its proprietary trading software and cTrader. However, clicking on the provided download link only redirects back to the homepage, preventing actual software download.
Trading Account Information
Trading Fees
- For forex, energy, and precious metals trading, a fee of $2.5 per lot (one way) is charged per $100,000 traded.
- For stocks and ETF trading, a fee of $1 per lot is charged per 100 shares.
- There are no fees for index and cryptocurrency trading.
Trading Conditions
- Spreads: As low as 0.0 pips
- Leverage: Up to 1:500 for retail clients
- Minimum Trade Size:
- Forex, precious metals, energy, and cryptocurrencies support micro lot trading.
- The minimum trade size for stocks and ETFs is 1 lot (equivalent to 1 share).
Account Rules
- Stop Out Level (Forced Liquidation Percentage): 5%
- Minimum Deposit Requirement: No minimum deposit required
- One-Click Trading, Chart Trading: Supported
- Hedging: Allowed
- Negative Balance Protection: Supported
- Stop Loss/Take Profit Order Minimum Distance: No restriction (0 pips)
Deposit and Withdrawal Methods
Deposits
The website shows that the platform supports the following deposit methods, all of which are fee-free and processed instantly:
- Visa/MasterCard/Maestro (supports EUR, AUD, CAD, CHF, GBP, JPY, PLN, USD, THB)
- Bank Transfer (supports EUR)
- WebMoney (supports EUR, USD)
Notices:
- Bank transfer deposits may take 1-5 business days to process.
- The platform does not charge deposit fees, but banks may charge for transfers.
- If the deposit and withdrawal process is abused, the platform reserves the right to charge payment processing fees to the account holder.
Withdrawals
Withdrawal methods are the same as deposit methods and must be conducted using the same method as the deposit:
- Visa/MasterCard/Maestro (supports EUR, AUD, CAD, CHF, GBP, JPY, PLN, USD, THB, processed within 24 hours)
- Bank Transfer (supports EUR, free for amounts over 1000 EUR, possible bank fees for amounts under 1000 EUR, processed within 24 hours)
- WebMoney (supports EUR, USD, processed within 24 hours)
Special Withdrawal Notices:
- The minimum withdrawal amount for bank transfers is 20 EUR, with a maximum fee of 60 EUR per transaction.
- Withdrawal requests typically take 1-5 business days to process.
- If the account has no trades or is inactive for 90 days, a 5% fee will be deducted upon withdrawal.
- If the deposit and withdrawal process is abused, the platform reserves the right to charge payment processing fees.
Regulatory Information
The official website states that Traders Wealth Hub is regulated by several financial regulatory bodies:
- Regulated by CySEC (Cyprus)
- Regulatory Body: Cyprus Securities and Exchange Commission (CySEC)
- License Number: 138/11
- Regulated by FSA SC (Seychelles)
- Regulatory Body: Seychelles Financial Services Authority (FSA)
- License Number: SD037
- Traders Wealth Hub™ (USA)
- Held by FINLEY FINANCIAL, LLC
- Registered as an investment company in the USA
- Regulated by the U.S. Securities and Exchange Commission (SEC), License No. 801-110657
- Traders Wealth Hub Limited (USA)
- Registered under U.S. law
- Regulated by the SEC, CRD Number: 131442
However, further inquiry revealed:
- The CySEC license 138/11 and FSA SC license SD037 actually belong to the broker TopFX.
- CRD#131442 and SEC#801-110657 belong to FINLEY FINANCIAL, LLC, unrelated to Traders Wealth Hub Limited.
Agency Policy and Educational Resources
- The official site does not provide any partnership agency policy.
- Trading education resources are limited to a few market news and educational articles dated 2020.
Company Address and Staff
- The website claims the company address is 1709 NE 27th St # B, McMinnville, but according to the inquiries above, this address may be fictional.
- The official site does not disclose company personnel information, and no relevant staff details can be found through public channels.
Website Traffic and Template
- Semrush data indicates that Traders Wealth Hub's official site receives less than 100 visits per month, nearly unused.
- The site's design template is similar to multiple scam companies, including Sunrise Trading Club, Stellar Pioneer Incorporated, Hinteck, etc.
User Reviews and Brand Exposure
- No user reviews can be found online.
- No related news or brand exposure information has been discovered.
Contact Information and Social Media
- Contact details provided by the website:
- Phone: +15163086423
- Email: [email protected]
- No official accounts established on LinkedIn, Facebook, Instagram, Twitter, YouTube, etc.
Risk Report
- Questionable Company Entity Information: Inquiries show that Traders Wealth Hub lacks a real company entity, with dubious regulatory license information.
- Suspicious Trading Software: The platform claims to support cTrader and proprietary trading software, but the website's download link is nonfunctional.
- Questionable Regulatory Information: The regulatory licenses claimed on the website actually belong to other companies, and the platform's actual regulatory information is unavailable.
- Lack of Company Address and Personnel Information: The claimed company address is dubious, with no disclosed personnel information.
- Extremely Low Website Traffic: According to Semrush data, the platform's website receives less than 100 visits per month, lacking a user base.
- Resemblance to Known Scam Websites: The site template is identical to several known scam websites, posing significant risks.
- Lack of User Reviews: No user feedback or related reports can be found online.
In conclusion, the credibility of Traders Wealth Hub is considerably low, and investors should be cautious when conducting trading activities on this platform.
