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Breaks Wealth

Operating status: SCAM

Website: https://bkwealthltd.com/

Broker violations and abnormal records
  • Sep 13, 2022 The UK FCA Warns that Breaks Wealth is a Clone Firm

    On 14 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Breaks Wealth is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/breaks-wealth-clone-appointed-representative


    On 14 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Breaks Wealth is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/breaks-wealth-clone-appointed-representative
  • Sep 14, 2022 BrokersView has Reviewed that Breaks Wealth is an Unregulated Forex Broker

    Breaks Wealth claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    This broker also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against Breaks Wealth in UK FCA.

    The truth is that Breaks Wealth is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Breaks Wealth claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. This broker also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against Breaks Wealth in UK FCA.The truth is that Breaks Wealth is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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