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Trade WL

Operating status: SCAM

Website: https://tradewl.com/

Broker violations and abnormal records
  • Jul 12, 2023 The UK FCA issued a warning against Trade WL

    On July 13, 2023, the Financial Conduct Authority (FCA) issued a warning against Trade WL, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/trade-wl

    On July 13, 2023, the Financial Conduct Authority (FCA) issued a warning against Trade WL, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/trade-wl
  • Jul 13, 2023 BrokersView has reviewed that Trade WL is an unregulated broker

    Trade WL claims to be the trading name of Trade WL LLC, a company supposedly  registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 1191 LLC 2018. However, we searched the SVG FSA register and revealed that the number belongs to another company which seems to have nothing to do with Trade WL.

    In an attempt to appear real, Trade WL displays an address in the UK, where almost all individuals and firms are required to be authorized by the Financial Conduct Authority (FCA) before they can solicit investors. However, the FCA has issued a warning against Trade WL for illegally offering financial services or products without their authorization.

    In essence, Trade WL is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Trade WL claims to be the trading name of Trade WL LLC, a company supposedly registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 1191 LLC 2018. However, we searched the SVG FSA register and revealed that the number belongs to another company which seems to have nothing to do with Trade WL.In an attempt to appear real, Trade WL displays an address in the UK, where almost all individuals and firms are required to be authorized by the Financial Conduct Authority (FCA) before they can solicit investors. However, the FCA has issued a warning against Trade WL for illegally offering financial services or products without their authorization.In essence, Trade WL is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally 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.