Wealth Kasse Review : Fees, Pros and Cons, Reviews by Real Traders

Wealth Kasse

Operating status: SCAM

Website: https://wealthkasse.com/

Broker violations and abnormal records

Jul 23, 2023 The German BaFin issued a warning against Wealth Kasse
On July 24, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against Wealth Kasse, saying this company is offering financial and/or investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_17_wealthkasse_en.html

On July 24, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against Wealth Kasse, saying this company is offering financial and/or investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_17_wealthkasse_en.html
Jul 25, 2023 BrokersView reviewed that Wealth Kasse is an unregulated broker
Firstly, Wealth Kasse fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display such information.
Secondly, Wealth Kasse provides an address in Belgium, a country that has banned all leverage OTC derivatives, all binary options, and the sales method by which they are distributed in consideration of high risks. As such, brokers located in this country is unequivocally illegal.
At last, the Federal Financial Supervisory Authority (BaFin) has added Wealth Kasse to its warning list for operating without the required authorization.
In essence, Wealth Kasse 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.

Firstly, Wealth Kasse fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display such information.Secondly, Wealth Kasse provides an address in Belgium, a country that has banned all leverage OTC derivatives, all binary options, and the sales method by which they are distributed in consideration of high risks. As such, brokers located in this country is unequivocally illegal.At last, the Federal Financial Supervisory Authority (BaFin) has added Wealth Kasse to its warning list for operating without the required authorization.In essence, Wealth Kasse 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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