BrokersView
Search
Download
English
Sign In

Wealthmax

Save

Operating status: SCAM

Website: http://www.wealthmax.fm/

Broker violations and abnormal records
  • 2022-11-03 BrokersView has Reviewed that Wealthmax is an Unregulated Forex Broker

    Wealthmax claims to be one of the leading brokers in the financial trading industry and is regulated by the Global Financial Authority (GFA). So we searched this Authority GFA and found that GFA claims to be an independent public authority, which is the conduct regulator of more than 15,000 financial markets and financial services firms worldwide and the de facto regulator of 34,268 firms. But please be informed that the GFA is not a state-owned regulator and has no regulatory effect at all. The truth is, Wealthmax is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

     

    Wealthmax claims to be one of the leading brokers in the financial trading industry and is regulated by the Global Financial Authority (GFA). So we searched this Authority GFA and found that GFA claims to be an independent public authority, which is the conduct regulator of more than 15,000 financial markets and financial services firms worldwide and the de facto regulator of 34,268 firms. But please be informed that the GFA is not a state-owned regulator and has no regulatory effect at all. The truth is, Wealthmax is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. 

Related Complaints

Q&A

Can I trade on my phone?

Sergio Fernandes
Italy
2022-11-11
ANSWER Wealthmax is not a licensed or regulated broker even though it states offers that look good to be true. Wealthmax claims to be one of the leading brokers in the financial trading industry and is regulated by the Global Financial Authority (GFA). So we searched this Authority GFA and found that GFA claims to be an independent public authority, which is the conduct regulator of more than 15,000 financial markets and financial services firms worldwide and the de facto regulator of 34,268 firms. But please be informed that the GFA is not a state-owned forex regulator and has no regulatory effect at all.The truth is, Wealthmax is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Wealthmax and trade with licensed brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.