Score
WCM
United States|5-10 years| https://wealth-compound.com/
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Licenses
Single Core
1G
40G
Contact number
+18007349106
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Broker Information
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Wealth Compound Management Limited
WCM
United States
Pyramid scheme complaint
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- AustraliaASIC (license number: 001281195) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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WCM · Company Summary
Note: WCM is to operate via the website - https://wealth-compound.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
WCM, a trading name of Wealth Compound Management Limited, is allegedly a financial services company founded on 11 March 2020 and registered in the United Kingdom that claims to provide its clients with the MT5 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that WCM currently has no valid regulation and it has been verified to be illegal. That is why its regulatory status on WikiFX is listed as “Illegal” and receives a relatively low score of 1.38/10. Please be aware of the risk.
Trading Platform Available
According to the information on the website, we found that WCM seems to give traders the world's most advanced and popularly-used MT5 platform. However, we have no way to confirm if it is available because the website states that it currently does not have any sponsors for us. Anyway, MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality. This trading platform offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
WCMs customer support can be reached by telephone: +18007349106, email: contact@wealthcompound.com. Principal Address: 6547 N Academy Blvd #2266, Colorado Springs, CO 80918, US. Mailing Address: 18351 Colima Road Ste 2896, Rowland Heights, CA 91748, US
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