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Wall Street Exchange

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Operating status: SCAM

Website: https://wallstreet-fx.io/; https://thewallstreetexchange.io/

Broker violations and abnormal records
  • 2024-03-14 The FCA issues a warning about Wall Street Exchange

    On March 15, 2024, the Financial Conduct Authority (FCA) issued a warning against Wall Street Exchange, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/wall-street-exchange-wallstreet-fxio

    On March 15, 2024, the Financial Conduct Authority (FCA) issued a warning against Wall Street Exchange, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/wall-street-exchange-wallstreet-fxio
  • 2024-03-19 BrokersView has reviewed that Wall Street Exchange is an unregulated trading platform

    Wall Street Exchange purports to have a decade-long presence in the market, yet its domain was only registered in January 2024. This inconsistency significantly erodes its credibility.

    Moreover, the platform fails to disclose any regulatory information, implying potential non-adherence to pertinent regulations. It's worth noting that the address it claims as its own,

    "121 Prodromou, Hadjikyriakion Building, 1st floor, 2064, Nicosia Cyprus", seems to be a virtual office location. This lack of transparency about its actual location and corporate structure raises doubts about its legitimacy.

    Furthermore, the UK's Financial Conduct Authority (FCA) has issued a warning against Wall Street Exchange, flagging it as an unauthorized entity.

    In essence, Wall Street Exchange is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Wall Street Exchange appears to be a scam.

    Wall Street Exchange purports to have a decade-long presence in the market, yet its domain was only registered in January 2024. This inconsistency significantly erodes its credibility.Moreover, the platform fails to disclose any regulatory information, implying potential non-adherence to pertinent regulations. It's worth noting that the address it claims as its own,"121 Prodromou, Hadjikyriakion Building, 1st floor, 2064, Nicosia Cyprus", seems to be a virtual office location. This lack of transparency about its actual location and corporate structure raises doubts about its legitimacy.Furthermore, the UK's Financial Conduct Authority (FCA) has issued a warning against Wall Street Exchange, flagging it as an unauthorized entity.In essence, Wall Street Exchange is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Wall Street Exchange appears to be a scam.
  • 2024-04-21 The CySEC adds Wall Street Exchange to its warning list

    On April 22, 2024, the Cyprus Securities and Exchange Commission (CySEC) added Wall Street Exchange to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1df3a7f6-6ce5-4cc8-9369-2b22837308e5

    On April 22, 2024, the Cyprus Securities and Exchange Commission (CySEC) added Wall Street Exchange to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1df3a7f6-6ce5-4cc8-9369-2b22837308e5

Related Complaints

Q&A

Can I use cryptos to withdraw from Wall Street Exchange?

Silvia Kowalski
Cambodia
2024-04-24
ANSWER We strongly recommend avoiding Wall Street Exchange, an unlicensed broker that has been flagged by financial regulators.This purported Cyprus-based brokerage firm has failed to secure a license from the Cyprus Securities and Exchange Commission (CySEC), as evidenced by the warning list published by CySEC.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against Wall Street Exchange, identifying it as an unauthorized firm.As a result, Wall Street Exchange poses significant risks, including the potential for fraud and identity theft. To avoid falling victim to potential fraudulent schemes, we strongly advise steering clear of Wall Street Exchange and opting for fully regulated brokers instead.
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Does Wall Street Exchange offer Islamic account?

Chintan MN
Croatia
2024-03-26
ANSWER We strongly suggest you avoid using Wall Street Exchange, an unlicensed trading platform.The address it claims appears to be a virtual location. While it purports to be based in Cyprus, there are no indications that it is licensed by the Cyprus Securities and Exchange Commission (CySEC). What's more, the Financial Conduct Authority (FCA) has issued a warning against Wall Street Exchange, identifying it as an unauthorized firm in the UK.Given these facts, it is highly recommended to choose fully regulated trading platforms over the unregulated ones such as Wall Street Exchange. It is prudent to safeguard your interests and do due diligence when selecting a platform.
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