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No valid regulatory information, please be aware of the risk!
Wealth Way Inc
Pyramid scheme complaint
Registered in the United Kingdom, Wealth Way is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Metals, Oil, Indices through the advanced MT5 trading platform. With the Wealth Way platform, investors have the flexibility to choose from a range of trading accounts, with leverage up to 1:1000, spreads from 0.0 pips.
Wealth Way does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.
With the Wealth Way platform, traders can get access to diversified range of trading instruments, including Forex, Stocks, Commodities, Equity Indices, Precious Metals, Cryptocurrency, and Futures, all available on this brokerage platform.
Four trading accounts has been designed for different types of traders, including Swap-free account, ECN account, Trader account, and the VIP account. To open a most basic account, an initial deposit of $100 is required.
Aside from live accounts,
Traders can also use a demo account to gain a feel for the platform and practice their trading
skills without risking any real money.
How to open an account with Wealth Way？
Opening an account with Wealth Way is an easy and simple process:
1. Click the “Live Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Fund your account and start to trade with this forex broker.
When it comes to leverage, Wealth Way permits traders to use leverage of up to 1:1000, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.
Spreads & Commissions
Spreads and commissions are tied to what trading accounts you are holding on the Wealth Way platform. However, we ran into issues when trying to access its account setting, though. As per its homepage, the spread on the EUR/USD start from 0.2 pips, seemingly quiet competitive.
Wealth Way offers its clients access to the industry-leading MT5 trading platform, featuring the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.
Wealth Way allows its clients to make deposits and withdrawals through multiple trading assets, including VISA, MasterCard, OKPAY, Skrill, Neteller, Union Pay, MasterCard, Payza, Bank Transfer, CASHU, and more.
Aside from the MT5 trading platform, there are also some educational resources are available, including forex webinars, videos, analysis, etc.
Wealth Way says it offers 24 x 7 customer support,
For any questions or concerns they may have about their accounts or their trading can reach out to Wealth Way through the following methods:
Registered Company Address: 71-75 Shelton Street, Covent Garden, London, England, WC2H9JQ
Or you can also follow this broker on some social media platforms, such as Facebook, Linkedin and Instagram.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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