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Cow

United Kingdom|2-5 years|
Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.cowtradingwealth.com/en

Website

Rating Index

Contact

info@cowtradingwealth.cc
http://www.cowtradingwealth.com/en

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0539050) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Cow · Company Summary

Basic Information
Registered Countries United Kingdom
Regulation No License
Company Name Cow Trading Wealth Ltd
Minimum Deposit $100
Maximum Leverage 1:500
Minimum Spread Floating spreads
Trading Platform MT5
Trading Assets Forex, Indices, Commodities
Payment Methods N/A
Customer Support Email Support Only

General Information

Cow Trading Wealth Ltd is a forex broker based in the United Kingdom, offering traders access to several market instruments, including indices, and commodities. The broker provides two types of trading accounts: Standard and Professional, catering to different trading preferences and experience levels. The account opening process is hassle-free, with a reasonable minimum deposit requirement starting from $100.

One notable feature of Cow Trading Wealth is its generous leverage offering, allowing traders to amplify their positions with a maximum leverage of 1:500. This can potentially enhance profitability for skilled and experienced traders who understand the risks associated with high leverage.

While Cow Trading Wealth offers attractive trading conditions, it is important to note that the broker lacks regulatory oversight. It is not authorized or regulated by any regulatory authority, which can be a cause for concern for some traders who prioritize the safety and security of their funds.

Additionally, the customer support provided by Cow Trading Wealth is limited, with communication limited to email contact. This lack of immediate and direct communication channels may be inconvenient for traders who require prompt assistance or have urgent inquiries. Moreover, the absence of 24/7 customer support further limits accessibility and responsiveness.

wikifx

Is Cow Trading Wealth legit or a scam?

One of the main considerations in evaluating a brokerage, such as Cow Trading Wealth, is to assess the broker's regulatory status and administrative body. Brokers operating under the supervision of regulators are bound by strict guidelines that prohibit them from manipulating market prices for their own benefit. Regulatory oversight ensures that brokers operate in an honest, fair, and transparent manner, protecting investors' deposits.

However, the license indicates that the current status of Cow Trading Wealth is a suspicious clone. Cow Trading Wealth is not subject to regulatory oversight and fails to comply with applicable laws without providing a safe trading environment for its clients. Therefore, it is advisable to exercise caution and do thorough research before opening an account with this broker.

Pros & Cons

Cow Trading Wealth is a brokerage firm that has a range of advantages and disadvantages. On the positive side, it provides high leverage, allowing traders to potentially amplify their gains. Additionally, the minimum deposit requirement is acceptable, making it accessible to a wider range of investors. The website is also available in multiple languages, making it convenient for international users.

However, there are several drawbacks to consider. Firstly, Cow Trading Wealth operates without regulation, which may raise concerns about the security and reliability of the platform. Additionally, it lacks the popular MT4/MT5 trading platform, which may disappoint users who are accustomed to its features and functionality. Furthermore, important information about trading costs, spreads, and commissions is not readily available, making it difficult for traders to assess the true costs of their trades.

Another downside is the limited selection of payment methods, potentially limiting the convenience and flexibility of depositing and withdrawing funds. Lastly, the customer support provided by Cow Trading Wealth is reported to be poor, which can be frustrating for users who require assistance or have inquiries.

Pros Cons
High leverage up to 1:500 No regulation
Acceptable minimum deposit of $100 No MT4/MT5 trading platform available
Website available in multiple languages Trading costs, spreads, and commissions are not specified.
Limited account types
Not 24/7 customer support
Limited contact information

Market Instruments

Traders are given access to limited financial markets. Three classes of trading assets covering Forex Pairs, Index, and Commodity are available through the brokerage platform.

Cow Trading Wealth offers traders access to a carefully selected range of financial markets, ensuring a focused and efficient trading experience. Traders can explore three prominent classes of trading assets on the brokerage platform, namely Forex Pairs, Index, and Commodity. This selection provides ample opportunities for diversification and enables traders to explore various trading strategies within these markets.

Account Types

To cater to the different needs and preferences of traders, Cow Trading Wealth offers two distinct account types: Standard and Professional.

The Standard account is designed to be accessible to a wide range of traders, with a minimum deposit requirement of $100. This relatively lower barrier to entry allows traders with limited capital to participate in the financial markets and benefit from the brokerage services.

For traders seeking enhanced features and capabilities, the Professional account offers an opportunity to take their trading to the next level. To open a Professional account, a slightly higher initial deposit of $300 is required.

By offering these two account options, Cow Trading Wealth ensures that traders of different backgrounds and experience levels can engage with the platform according to their specific needs. Overall, Cow Trading Wealth's selection of trading assets and account types provides flexibility and options for traders, enabling them to navigate the financial markets in a manner that suits their individual circumstances and aspirations.

account-types

How to Open an Account?

To open an account with Cow Trading Wealth, follow these steps:

1. Visit the website and locate the account opening section: Go to the official website of Cow Trading Wealth using a web browser and look for a button or link that says “Open Account”.

2. Choose the account type: Cow Trading Wealth may offer different types of accounts, such as individual, joint, or corporate accounts. Select the account type that suits your needs and click on it.

3. Fill out the registration form: You will be directed to a registration form where you need to provide personal information, including your name, email address, phone number, and country of residence.

4. Agree to the terms and conditions: Read and review the terms and conditions, as well as any other legal agreements or disclosures presented during the account opening process. If you agree with the terms, check the box or click the appropriate button to proceed.

5. Verify your identity: Depending on regulatory requirements and security measures, Cow Trading Wealth may request additional documentation to verify your identity. This may include providing a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

6. Fund your account: After your registration is complete and your identity is verified, you will need to deposit funds into your trading account. Cow Trading Wealth will provide instructions on the available payment methods, such as bank transfer, credit/debit card, or electronic payment processors.

7. Start trading: Once your account is funded, you can log in to the trading platform provided by Cow Trading Wealth using your credentials. Familiarize yourself with the platform, explore the available financial markets and instruments, and start executing trades based on your trading strategy and analysis.

Spreads & Commissions

Concerning spreads and commissions, Cow Trading Wealth Ltd does not make this part clear.

Leverage

In terms of trading leverage, Cow Trading Wealth Ltd enables traders to use the maximum trading leverage up to 1:500, which is significantly higher than the proper amount considered proper by most regulatory authorities.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than 1:10.

Trading Platform

What Cow provides is not the industry leading MT4 or MT5 trading platform, a Webtrader instead.

Cow tradingweb allows clients to access forex, index, and CFD markets with one account and one platform. Some features and functionalities are listed below:

  • Real-time interactive chart

  • 30 kinds of technical indicators

  • 33 analysis objects

  • 9 time horizons

  • Multiple chart types

trading-platform

Customer Support

Cow Trading Wealth Ltd values effective communication with its clients, providing a dedicated email support channel at support@cowtradingvip.com. This allows clients to reach out to the broker and seek assistance or address any concerns they may have.

While the support may be limited to email, the team aims to respond promptly during operation hours, which are Monday to Friday from 9:30 a.m. to 6:30 p.m. This ensures that clients can receive the support they need within a reasonable time frame. However, the lack of 24/7 customer support also makes it difficult for customers to get immediate solutions to problems.

Clients can only get in touch with this broker through an email: support@cowtradingvip.com.

Operation hours: Monday to Friday 9:30 a.m.-6:30 p.m.

Risk Warning

Cow Trading Wealth also prioritizes transparency and risk awareness. The broker acknowledges that trading leveraged products, such as forex, cryptocurrencies, and derivatives, involves a high level of risk to capital. It emphasizes the importance of clients fully understanding these risks and taking them into account when making investment decisions. By providing this cautionary statement, Cow Trading Wealth encourages responsible trading and helps clients assess their investment objectives and level of experience.

It is crucial for traders to exercise caution and conduct thorough research before engaging in any form of investment. Cow Trading Wealth's acknowledgment of the risks associated with trading leveraged products demonstrates its commitment to promoting informed and responsible trading practices among its clients.

Conclusion

In conclusion, while Cow Trading Wealth Ltd offers competitive trading conditions, including a variety of financial products and flexible account options, traders should consider the absence of regulatory oversight and limited customer support when evaluating the broker. It is important to weigh the benefits against the potential risks and preferences to make an informed decision.

Frequently Asked Questions (FAQs)

Q: What is Cow Trading Wealth?

A: Cow Trading Wealth is a brokerage firm that specializes in facilitating trading and investment activities in the financial markets. It provides a range of services and tools to help individuals and institutions make informed decisions and execute trades efficiently.

Q: How can I contact Cow Trading Wealth?

A: Its customer support may be limited to email. The team aims to respond promptly during operation hours, which are Monday to Friday from 9:30 a.m. to 6:30 p.m.

Q: What financial markets does Cow Trading Wealth offer access to?

A: Cow Trading Wealth provides access to limited market instruments, including forex, indices, and commodities.

Q: What trading platforms does Cow Trading Wealth offer?

A: Cow trading wealth offers a proprietary trading platform called Cow Trading Web, which offers some features like 30 different technical indicators, 9 different time horizons, and multiple chart types, empowering clients to customize their trading experience based on their individual needs and strategies.

Q: Are there any account requirements to trade with Cow Trading Wealth?

A: To open a trading account with Cow Trading Wealth, you must meet the legal age requirements for your jurisdiction. Additionally, it may require certain identification documents and proof of address for verification purposes. Please refer to its account opening guidelines or contact Cow Trading Wealths customer support for specific requirements.

Q: What types of accounts are available at Cow Trading Wealth?

A: Cow Trading Wealth offers two types of trading accounts tailored to suit different trading preferences and experience levels: Standard and Professional.

Q: Does Cow offer leverage?

A: Yes, leverage up to 1:500 are offered by this broker.

Broker Information

Company Name

Cow Trading Wealth Ltd

Company Abbreviation

Cow

Regulatory Status

Suspicious Clone

Platform registered country and region

United Kingdom

Phone of the company

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Customer Service Email Address
  • info@cowtradingwealth.cc

Company Summary

User Reviews

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shadow spell
more than one year
i was trading in this app and made 100k USD from treding skill , bt now threy said i have to paid texes around 30% of my earning and this amount i have to deposite in my cow treding account how ********* this , no one broker demand for texes in our account . so guys stay away this fake app and compney they used tredingwebio app in androif and iphones for mobile platform and sirix for mac and pc or laptop 7657649 its my account number in cow treding welth or cow treding vip forex broker
2022-12-25 14:49
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0
0
锐生
more than one year
Sign up with them, if you don’t want your money or profits. I still have my withdrawals from June, and money haven’t credited to my bank account.
2022-12-16 19:10
1
0
1
古雪0127
more than one year
Deck Dealer! Everyone must stay vigilant! There are too many fraudulent platforms these years, one after another pops up, and one after another suddenly disappears. . . It's all a trick to cheat money, and everyone is numb.
2022-12-15 12:26
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0
0
老拙
more than one year
A new fraudulent platform, I don't know where I got my phone number, and I have been calling and depositing money like crazy. Changing the number to make a call after being blocked is completely speechless. What can I do wrong these days? I have to be a liar. Friends, don't bother with this platform, it is a liar.
2022-12-13 10:40
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