No Legal License: Wealth Sailing Forex is a Scam

Recently, BrokersView learned that Wealth Sailing Forex is a fraudulent broker. The company states a false foundation year and presents excellent trading conditions to cheat investors. Although it pretends to be a liable forex broker, evidence shows it is a scam.

False foundation year

Wealth Sailing Forex claims to be founded in 2016. However, the domain check result shows the firm was newly created in March 2022. How could this happen? Therefore, it is a red flag here.

No legal information

Wealth Sailing Forex lists no regulatory certifications or governmental registrations on its website, but carries out all financial investment activities just like regulated brokers. As a trader, you definitely know the basic point - all good brokers are not only registered but also will provide their credentials and help you verify they are registered and regulated. From that point of view, the company is completely anonymous and a risk to all. 

Headquartered in the USA but without an NFA license

Headquartered in the USA, the company offers more than 70 products including forex, crude oil, precious metals, CFD and other products. As an USA reliable forex broker, it needs to have an NFA license. But when we searched on the NFA Registry, we found Wealth Sailing Forex is not an NFA Member. That means it is unregulated currently. 

Based on the information, we can conclude that Wealth Sailing Forex is a scam.

If you find yourself becoming a victim of online fraud, please contact us at service@brokersview.com.