Wealth Gold Bonds（WGB）is a forex broker established in 2023, primarily offering investors trading services in forex, commodities, indices, futures, and cryptocurrencies. This broker provides these services through its proprietary ST5 trading platform, supports the opening of real accounts, but has not disclosed specific account types.
Company Background:
Wealth Gold Bonds was registered in 2023, with a low level of transparency on its official website. Details such as the company's entity, registration address, leadership, and office addresses have not been clearly disclosed. The official domain name of the broker was registered on October 17, 2023, which is relatively recent.
Regulatory Status:
Compared to other strictly regulated brokers, such as those regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), Wealth Gold Bonds is not regulated by any authority. This means that the company's operations and services are virtually unmonitored and unregulated by independent regulatory bodies.
Wealth Gold Bonds is an unregulated broker, and its financial services such as forex carry certain risks. Investors should be cautious when considering transactions with the company and prioritize selecting strictly regulated brokers to ensure investment safety.
Trading Products:
The broker offers investors a variety of financial product trading services, covering areas like forex, commodities, indices, futures, and cryptocurrencies.
- In the forex market, it provides trading options for up to 57 currency pairs, supports leverages up to 1:400, and offers trading conditions with zero spreads.
- In terms of commodities, investors can trade products like crude oil and gold to find investment opportunities.
- For futures trading, the broker directly prices from the relevant futures markets, including commissions, management fees, and dividend adjustments in the market spread.
- Regarding index trading, it offers stock market indices, assisting investors in evaluating and trading specific stocks.
- In the realm of cryptocurrencies, investors have two main trading methods: one is owning the cryptocurrency itself and selling it when the price is high, and the other is investing through contracts for differences (CFDs) to profit from price fluctuations.
Trading Software:
The broker offers a proprietary trading platform named "ST5", available for download on iPhone/iPad, Android, and Windows. Compared to MT4/MT5 trading platforms, this software has a lower scope of use and popularity, and there might be some security risks during trading.
Account Types:
The broker offers real accounts, but does not provide demo accounts or Islamic accounts. Users can visit the broker's official website, click the "LIVE ACCOUNT" button, and enter the account registration page. By filling in the necessary information, such as email and password, users can complete the registration process. Once registered successfully, users can log into their trading platform with the provided account and password to start real account trading.
Customer Support:
The broker's customer support offers a single contact method, which is by sending an email to support@wealthgoldbonds.com. Users can use this email address to ask questions, provide feedback, or seek help.
Summary:
Wealth Gold Bonds is an unregulated broker, and using its platform's services may pose certain security risks. Moreover, the broker offers services through the ST5 trading platform, which lacks any backing entity, unable to provide necessary protection for investors. The broker has a single contact method, supporting only email communication.
Currently, Wealth Gold Bonds is marked as "Suspected Fraud" on TraderKnows.
