Wealthcryptofx is a Contract for Difference (CFD) broker officially registered on November 21, 2023. This broker offers a wide range of trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. It does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the Wealthcryptofx official website reveals that the broker is regulated by the Financial Services Authority (FSA) of San Diego, California, with a securities dealer license number of SD018. However, the logo on the homepage of its official website displays the brand name "ASSETCOIN TRADES". Clicking on "Regulation" redirects to a "Why Wealthcryptofx" page, and although the brand name in the logo is corrected there, the content of this page reveals that the name of the broker has been changed to "Wealth For Homes Best Trading".
In fact, the so-called Financial Services Authority (FSA) of San Diego, California, does not exist. Upon verification, the regulatory information provided on the Wealthcryptofx website was found to have been appropriated from IC Markets' registration with the Financial Services Authority (FSA) in the Seychelles, where IC Markets is registered under Raw Trading Ltd, with license number SD018.
Account Opening:
To open an account with Wealthcryptofx, visit the broker's official website homepage, click on "Sign up" in the top right corner of the webpage to access the account registration page, fill in personal information as required, set a login password, and submit. After submission, the account will be successfully registered.
Trading Schemes:
Wealthcryptofx offers three different types of trading schemes: the Raw Spread Account (cTrader), Raw Spread Account, and Standard Account.
Raw Spread Account (cTrader):
- Trading platform: cTrader
- Trading commission (per $100,000): $3
Raw Spread Account:
- Trading platform: Meta Trader
- Trading commission (per lot per side): $3.5
Standard Account:
- Trading platform: Meta Trader
- Trading commission (per lot per side): $0
Trading Platforms:
The Wealthcryptofx official website claims to offer trading platforms such as MT4, MT5, and cTrader, but it does not provide relevant download links, and a broker named Wealthcryptofx cannot be found on these platforms.
Deposits and Withdrawals:
Wealthcryptofx supports deposits and withdrawals using credit/debit cards, electronic wallets, and bank transfers.
Summary:
Traderknows warns investors that wealthcryptofx is actually a clone scam site that copies the broker IC Markets. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
