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WenChuan Global

Operating status: SCAM

Website: https://www.wc-global.com/

Broker violations and abnormal records
  • Jul 28, 2022 BrokersView has Reviewed that WenChuan Global is an Unregulated Forex Broker

    WenChuan Global claims to be a regulated firm while presenting neither details about its company address nor regulations. Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

    Downloading its official MT4 platform, we found this broker locates in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to WenChuan Global in FCA. That means WenChuan Global is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    WenChuan Global claims to be a regulated firm while presenting neither details about its company address nor regulations. Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Downloading its official MT4 platform, we found this broker locates in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to WenChuan Global in FCA. That means WenChuan Global is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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