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Patel Wealth

Operating status: SCAM

Website: https://www.patelwealth.com/

Broker violations and abnormal records
  • Dec 29, 2022 BrokersView has Reviewed that Patel Wealth is an Unregulated Broker

    Patel Wealth claims it offers a diverse range of financial services which includes institutional and retail brokerage of Equity, Derivatives, Commodities, Currency, Online Trading, etc. Besides, Patel Wealth also claims to have membership in multiple authorities, including:

    1) The National Stock Exchange of India Ltd (NSE);

    2) The formerly Bombay Stock Exchange (BSE);

    3) The Multi Commodity Exchange of India Limited (MCX).

    However, please be informed that none of the above authorities is a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. The truth is, Patel Wealth is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Patel Wealth claims it offers a diverse range of financial services which includes institutional and retail brokerage of Equity, Derivatives, Commodities, Currency, Online Trading, etc. Besides, Patel Wealth also claims to have membership in multiple authorities, including:1) The National Stock Exchange of India Ltd (NSE);2) The formerly Bombay Stock Exchange (BSE);3) The Multi Commodity Exchange of India Limited (MCX).However, please be informed that none of the above authorities is a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. The truth is, Patel Wealth is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

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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.