Wealth World Markets Review – A Risky Bet or Golden Opportunity?

Wealth World Markets, also known as Wealth World Financial Markets & Research Ltd., is an internet-based brokerage trading firm registered in Mauritius. Their services possess a broad range of trading instruments, including forex, commodities, futures, indices, and stocks.

Wealth World Markets broker offers both Standard and Pro Account options that cater to traders at every level. Also, the Wealth World Markets MT5 platform further enhances its appeal, known for its advanced charting tools and efficient trade performance.

Nevertheless, the drawback of the company is they aren’t quite transparent about its licensing status, and it sparks questions regarding investor protection. Additionally, our team found no source of official regulatory bodies confirming the firm is regulated.

Tag along for the ride in our honest evaluation of this company’s actions. Including reviews and offerings, to determine its legitimacy and commitment to client security. For individuals interested in prop firms and how they operate, check out our Funding Dynasty Review. 

Wealth World Markets regulation – Licensed Status

Our team conducted thorough research to verify if the regulation status of Wealth World Markets is legit, yet we found no evidence of regulation by any financial authority. Despite the company’s claims of being registered by the Mwali International Services Authority (MISA), the investigation did not uncover any confirmation.

Wealth World Markets regulation prompts potential risk, since these brokers may engage in fraudulent activities, such as manipulating prices or withholding funds, putting trader’s investments at risk. Without regulatory oversight, the broker is not guaranteed to operate or comply with financial regulations.

Traders must collect valid data before engaging with Wealth World Markets or any unregulated broker. Until Wealth World Markets can provide verified evidence of its regulatory status, we suggest users steer clear of this brokerage company. Steer clear from other suspicious unregulated brokers, such as MGK Global Review.

Where is Wealth World Markets Present?

Research into the areas where Wealth World Markets has the most impact indicates its predominant presence in these domains:

• United Arab Emirates
• India
• United States

However, the official website of Wealth World Markets includes a disclaimer stating that the website is intended only for non-US persons and should not be accessed by individuals in the United States. 

The definition of a “US Person” is based on US laws and regulations, and individuals or entities falling under this definition are advised not to use the website. Furthermore, Wealth World Markets does not offer its services to residents of the USA, Mauritius, Canada, Haiti, Suriname, the Democratic Republic of Korea, Japan, and Belgium.

The company declares that it does not offer its services to residents of Mauritius, despite being registered there with Registration No: 188784. We don’t get it either. They also state while this website can be accessed globally, its content is intended only for individuals in regions where its use complies with local laws.

Wealth World Markets reviews – User Experience

We have analyzed several negative reviews regarding Wealth World Markets user satisfaction. Nonetheless, our team found only clients who are advising against trading with this company.

Digging into Wealth World Markets reviews, there was an issue regarding a user who reported their account being blocked without explanation. Despite attempts to communicate with the firm, they were unable to resolve the issue. The lack of customer support and communication led the user to label the company as a ‘scam’.

A different user expressed frustration with the Wealth World Markets withdrawal process, stating that they were unable to withdraw a very small amount. There were promises from the financial department, but the withdrawal request remained pending for a month.

Overall, these reviews indicate a pattern of dissatisfaction among users, citing issues such as spread manipulation, blocked accounts, withdrawal difficulties, and perceived lack of transparency. 

Wealth World Markets Trading Accounts 

There are two Wealth World Markets account types to accommodate traders with varying skill levels and preferences.

Standard Account is designed for beginner traders seeking simplicity and direct market access. Pro Account is designed for experienced traders requiring deep liquidity and tight spreads. 

Both accounts also support various trading styles, including one-click trading, allowing the use of expert advisors, and permitting hedging strategies, making it suitable for those looking for a straightforward trading experience.

Leverage enhances profit potential by allowing traders to capitalize on even minor market fluctuations. Nonetheless, it’s crucial to recognize that leverage also heightens the risk of losses, as losses are proportionally increased based on the leverage employed.

Deposit and Withdrawal

Wealth World Markets offers a range of deposit methods for funding your trading account, including Crypto (USDT), Bank Transfer, Mobile Money, or Credit/Debit Card. Deposits can be made through the Client Portal, with no additional fees from Wealth World Markets. 

Fees may apply when making payments to international banking institutions. All deposits and withdrawals are processed during standard business hours, from 10 am to 7 pm (GMT+4), Sunday to Friday.

To withdraw funds, users need to log into the Client Portal and select their preferred withdrawal method. All withdrawal and deposit requests are processed during standard business hours.

Still, we highlight again shared reviews and dissatisfaction with Wealth World Markets withdrawal process. Users should be aware of their actions since there were multiple issues where the company was unable to withdraw a small amount, and the withdrawal request remained pending.

Conclusion

We want to conclude this review short and simple, dear traders, think twice before committing to this company. As previously stated, despite claims of registration, our investigation found no evidence of regulatory oversight. 

Even so, negative user reviews further highlight issues with account blocking, withdrawal difficulties, and lack of transparency. These user experiences focus on the importance of conducting thorough research before engaging with any online trading platforms.

So potential users, proceed with extreme caution and consider alternatives, regulation is mandatory for all brokers and there shouldn’t be exceptions. 

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