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WETUOKE

United States|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.wetuoke.com/

Website

Rating Index

Contact

https://www.wetuoke.com/

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

WETUOKE

Company Abbreviation

WETUOKE

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0553546) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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WETUOKE · Company Summary

Note: WETUOKEs official site - https://www.wetuoke.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

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

WETUOKE Review Summary in 10 Points
Founded Within 1 year
Registered Country/Region United States
Regulation NFA - Suspicious Clone
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support N/A

What is WETUOKE?

WETUOKE is an unregulated newly-established investment platform. Their website is unavailable currently.

WETUOKE's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
N/A • No valid license
• Unavailable website
• Reports of withdrawal difficulties
• Lack of industry experience

WETUOKE Alternative Brokers

    There are many alternative brokers to WETUOKE depending on the specific needs and preferences of the trader. Some popular options include:

    • CMC Markets - a reputable broker with a wide range of trading instruments and advanced platforms, making it a suitable choice for experienced traders.

    • LiteForex - offers competitive trading conditions and a user-friendly platform, making it a good option for beginner traders.

    • Z.com Trade - provides a reliable and transparent trading environment, making it a recommended choice for traders looking for a regulated broker.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is WETUOKE Safe or Scam?

Based on the information available, the lack of valid regulation for WETUOKE, along with reports of withdrawal issues and the current unavailability of their website, raises significant concerns about the safety and legitimacy of the platform. These factors indicate a higher risk of potential scam activity.

NFA license

It is crucial to exercise caution when dealing with unregulated or suspicious brokers, as they may not adhere to the necessary regulatory standards and investor protection measures. The inability to withdraw funds and the unavailability of the website further suggest potential fraudulent practices.

To ensure the safety of your investments, it is recommended to only engage with reputable and regulated brokers that have a proven track record of reliability and customer satisfaction. Conduct thorough research, seek reviews from reliable sources, and consider the experiences of other traders before making any decisions. It's also advisable to consult with financial professionals or advisors who can provide guidance tailored to your specific situation.

User Exposure on WikiFX

On our website, you can see that reports of withdraw difficulties. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

In conclusion, the lack of regulation and reports of withdrawal issues surrounding WETUOKE highlight the potential risks associated with this broker. The unavailability of their website further adds to the doubts regarding their legitimacy. It is recommended to exercise caution and choose a regulated and reputable broker that provides transparency and reliable customer service. Safeguarding your funds and ensuring a smooth trading experience should be a top priority when selecting a broker.

Frequently Asked Questions (FAQs)

Q 1: Is WETUOKE regulated?
A 1: No. Their United States National Futures Association (NFA, No. 0553546) license is a suspicious clone.
Q 2: Is WETUOKE a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and negative reviews.

News

Beware of WETUOKE | Tax Payment or Denied Withdrawal

ExposureBeware of WETUOKE | Tax Payment or Denied Withdrawal

2023-03-03 17:17

Wetuoke requested a 75,000 USD tax payment yet prior to releasing its client’s funds.

WikiFX
2023-03-03 17:17
Exposure
Beware of WETUOKE | Tax Payment or Denied Withdrawal

User Reviews

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Charles88657
more than one year
WETUOKE's apparent lack of industry experience further amplifies the skepticism. Considering the reported issues and the absence of necessary credentials, I cannot recommend AUSFIT as a reliable or safe investment platform.
2023-12-08 10:11
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Archald
more than one year
The lack of a valid license raises concerns about the platform's legitimacy. The website is frequently unavailable, making it challenging to manage trades or access information. I encountered withdrawal difficulties, which added to the frustration.
2023-12-07 18:42
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0
0
June
more than one year
ABSOLUTE NIGHTMARE!!! Out of nowhere, my account started showing "password incorrect" and now I can't even log in. It's been days and the customer service is being completely useless, ignoring me like I don't exist. I just want to get my hard-earned money out of this pathetic excuse for a platform and move on. Seriously, do yourself a favor and stay far away from this platform if you value your time and sanity.
2023-06-29 11:46
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ycytfjv
more than one year
I have to say that this company is a complete scam. They have absolutely no integrity or honesty. When I tried to withdraw my funds, they completely ignored my requests and the account manager conveniently stopped answering my calls. It's a terrible experience and I really hope no one else falls victim to their deceitful tactics. Please, please be extremely careful and do not trust this company at all!
2023-06-29 11:45
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