welltradefinance.com is a CFD broker with a website domain registered on October 15, 2023. The broker primarily offers investment services for markets such as forex, commodities, indices, stocks, and cryptocurrencies. It does not provide services in countries and regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on welltradefinance.com's official website indicates that the broker is an entity registered in Australia as WELLTRADE PTY LTD and is regulated by the Australian Securities and Investments Commission (ASIC). However, all clients will deal directly with welltradefinance.com A/S, and all client agreements will be signed with welltradefinance.com A/S, making them subject to Danish law. Additionally, the website's "Terms of Service" indicate that the service agreements are governed by and interpreted according to Dutch law, with any disputes not amicably resolved being submitted to the jurisdiction of Dutch courts.
Upon investigation, no regulatory information under the name "WELLTRADE PTY LTD" was found with the Australian Securities and Investments Commission (ASIC), the Danish Financial Supervisory Authority (Danish FSA), or the Dutch Authority for the Financial Markets (AFM).
Therefore, welltradefinance.com is essentially an unregulated scam broker website.
Trading Instruments:
welltradefinance.com offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, enabling traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, offering diversified trading opportunities and leveraging high returns.
- Commodities: Commodity trading covers essential resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends of public companies without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Account Opening Process
The account opening process at welltradefinance.com involves visiting the broker's website, clicking on the "Open Account" button at the top right corner of the page, filling in personal information such as name, phone number, email, and setting a login password, then submitting and verifying the account to successfully register.
Investment Plans
welltradefinance.com offers four types of investment plans: BASIC PLAN, MICRO PLAN, MEGA PLAN, VIP PLAN.
BASIC PLAN:
- Minimum deposit: $200
- Maximum deposit: $4,999
- Expected profit: Daily return on investment 5.4%
- Profit term: 5 days
MICRO PLAN:
- Minimum deposit: $5,000
- Maximum deposit: $9,999
- Expected profit: Daily return on investment 7.9%
- Profit term: 7 days
MEGA PLAN:
- Minimum deposit: $10,000
- Maximum deposit: $49,999
- Expected profit: Daily return on investment 1.5%
- Profit term: 9 days
VIP PLAN:
- Minimum deposit: $50,000
- Maximum deposit: Unlimited
- Expected profit: Daily return on investment 12%
- Profit term: 11 days
Trading Platform
welltradefinance.com claims to provide an MT5 trading platform for its users, but the broker's information cannot be found on MT5.
Deposits and Withdrawals
welltradefinance.com only supports deposits through various cryptocurrencies.
Conclusion:
Traderknows reminds investors that welltradefinance.com is a scam broker that lures investors with promises of high returns. This site is actually unregulated and can only be contacted via email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
