Wealthfgald is a new forex broker established in 2023, primarily offering investors trading services in Forex, stocks, futures, energy, precious metals, cryptocurrencies, and other financial derivatives. This broker uses a proprietary trading platform and does not support MT4 and MT5 trading platforms.
Corporate Registration Information:
Wealthfgald claims to be a forex broker headquartered in London, UK, with offices in the United States, Australia, and other locations. However, there is no record of this broker in the UK's company registration search, and specific office address details are lacking. In addition, the content and design of the broker's website are highly similar to those of Unisnfx, XCY Global Ltd, BCC markets limited, CPT Limited, Maxtra Financial Limited, GYG INVESTMENT LTD, etc. The registration date of Wealthfgald's official website domain is January 31, 2023, indicating it was established relatively recently.
Regulatory Status:
Wealthfgald's official website information shows that it is headquartered in London and regulated by FinCEN (Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury). Additionally, the broker is registered with the National Futures Association (NFA) and FinCEN in the United States. However, the broker has not disclosed specific regulatory license numbers and regulatory entities.
Upon verification, both FinCEN and NFA have no records of an entity named Wealthfgald. The broker has used false regulatory information for promotion, deceiving and misleading investors.
Account Registration:
Wealthfgald is a broker focused on financial investment services. Users can visit its official website and click the “Register” button on the homepage or the top right corner of the webpage to enter the account registration page. Users should fill out personal information, including name, contact information, email, and other essential details, ensuring accuracy. After submitting the application, users can successfully register an account. However, it was found that the registration page of the broker could not operate correctly, potentially posing a certain risk.
Service Area Restrictions:
It's noteworthy that Wealthfgald does not provide services in jurisdictions that may violate local laws or regulations. The broker does not offer services to countries or regions such as North Korea, Israel, China, Vanuatu, and Cuba. Therefore, ensure that your region complies with Wealthfgald's service requirements before registering an account.
Trading Account Information:
Wealthfgald's official website only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes, while details on account types, transaction commissions, minimum/maximum trading volumes, maximum positions/orders, and minimum price precision are not published.
- Spreads: Variable spreads starting from 1 pip
- Trading Leverage: 1:100 to 1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Software:
Wealthfgald offers users a proprietary trading platform for CFD trading, which is available for download on mobile devices. However, there are some download issues; the download page redirects to wt.wintcropfx.com and displays an error, preventing the platform from being downloaded. The proprietary trading platform harbors significant security vulnerabilities, and investors should remain cautious. Carefully understand market risks and choose investment products and trading opportunities cautiously.
Deposit and Withdrawal Methods:
Wealthfgald has not clearly disclosed the supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Wealthfgald is a forex scam website with opaque registration and regulatory information, suspected of false advertising. The broker's contact methods are extremely limited, and its website design and content are highly similar to those of brokers like Unisnfx, XCY Global Ltd, BCC markets limited, employing the same template. Investors are advised to opt for brokers with transparent information, strong regulation, and good reputations to avoid unnecessary financial losses.
Currently, Wealthfgald is marked as "Suspected Fraud" on TraderKnows.
