Wealth Capital FM is an unlicensed CFD Investments Broker, that opened in October 2018. On December 24, 2019 the FCA warned investors about this company, see here.
For complaints and withdrawal problems, read this.
Wealth Capital FM Review
Our review of Wealth Capital FM uncovered that they are using the WowTrader CFD Trading Platform, made by TradeSmarter. This trading software is very simple and made for new investors who haven’t used the popular MT5 platform.
As an offshore broker, they are offering trading leverage of 500:1, on a variety of underlying assets. You will see Contracts for Difference trading available on; Currency Pairs, Crypto Currency, Stocks, Market Indices, Gold, Silver and Oil. Four trading account types are offered by Wealth Capital, with the smallest requiring a $5,000 minimum deposit. Mobile trading is not available, as they have not released a trading app yet.
Automated trading robots are very popular, and there are hundreds of them to choose from, see here. Before using a trading robot, you must understand that 99% of the ones online, and simply get rich quick schemes, learn more.
Is Wealth Capital FM Licensed & Regulated?
WealthCapital FM is not a licensed or regulated broker. Investors should always verify a brokers license before making an investment.
Astra Consulting OÜ is the owner of WCFM, and their address is: Laki 30, Mustamäe Linnaosa, Tallinn, Harju Maakond, Estonia. Phone number in United Kigndom is: +442036081764. Contact email address is: [email protected], and their website is: https://wealthcapital.fm/.
The way that the Scam Broker Investigator checks a new Stock Broker or Forex broker to see if they are a regulated broker or a potential scam, is by verifying their license. All brokers, even those with an office in Estonia, must have a license from the government. In Australia, brokers are authorised and regulated by ASIC, and in England the FCA is the agency responsible to issue licenses.
Australia ASIC Warning! “ASIC urges all investors considering investing in CFD’s or Forex, to check they are dealing with an entity that holds an Australian financial services licence.”
Compare WealthCapital.FM
Investors have many options to choose from, when choosing an investments broker.
ForTrade is the best CFD broker that is regulated in both England and Australia, see here.
It is worthwhile playing with a Practice Account on their amazing trading platform, signup here.
If you are currently an investor at WealthCapital, please share your experience in the comments below.