Score

1.40 /10
Danger

Wealth Sailing

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Wealth Sailing Forex Ltd

Company Abbreviation

Wealth Sailing

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Wealth Sailing · Company summary

    Note: Since Wealth Sailings official site (http://wealthsailing.com/en/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

    General Information & Regulation

    Wealth Sailing, a trading name of Wealth Sailing Forex Ltd, is allegedly a suspicious regulated forex broker registered in China that claims to provide its clients with a wide range of tradable financial instruments with leverage up to 1:1000 on the industry-standard MetaTrader5 trading platform.

    Market Instruments

    Wealth Sailing advertises that it offers a wide variety of trading instruments in financial markets, including around 40 forex currency pairs, CFDs on indices, crude oil and cryptocurrencies.

    Leverage

    A leverage ratio of up to 1:1000 is offered by Wealth Sailing, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

    Trading Platform Available

    The platform available for trading at Wealth Sailing is the worlds most popular MetaTrader5 trading platform. However, there is some kind of technical issue, just like the below screenshot shows. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

    Trading

    Deposit & Withdrawal

    Wealth Sailing only accepts deposits via cryptocurrencies. The minimum initial deposit requirement is said to be only $10.

    Customer Support

    Wealth Sailings customer support can be reached by telephone: +85294153869, email: mt5kefu001@yahoo.com, service@wealthsailingfx.com. Company address: Room 32, 11/F, Lee Ka Industrial Building, 8 Ng Fong Street, San Po.

    News

    NewsWhat questions should you ask your online broker?

    All online brokers are not created equal. There are significant variances in service quality, regulatory compliance, and cost. So, before you decide where to put your money, ask your broker these questions.

    WikiFX
    2022-06-03 12:00
    What questions should you ask your online broker?

    NewsGuide on How to Create a trading account for South African traders

    As Forex trading is becoming increasingly popular in South Africa today, many traders are now curious to learn how to create a trading account. To create a trading account one needs to have a valid email address, contact phone number, and valid identity card. We have simplified the process in this work for new traders seeking to open an account today.

    WikiFX
    2022-05-31 17:04
    Guide on How to Create a trading account for South African traders

    User Reviews

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    User comment

    2

    Comments

    Write a review

    FX1395441203
    more than one year
    It is a scam broker and does not hold any valid regulatory license. I have seen that many people are experiencing the same problem as me that they cannot withdraw funds. Investors should choose a trusted broker rather than some company from unknown sources to avoid being scammed out of funds. Before making any investment, a thorough investigation and research should be conducted to find out if the broker is regulated, has a bad track record or is blacklisted, etc.
    It is a scam broker and does not hold any valid regulatory license. I have seen that many people are experiencing the same problem as me that they cannot withdraw funds. Investors should choose a trusted broker rather than some company from unknown sources to avoid being scammed out of funds. Before making any investment, a thorough investigation and research should be conducted to find out if the broker is regulated, has a bad track record or is blacklisted, etc.
    Translate to English
    2023-03-27 16:51
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    May.
    more than one year
    These people are thieves and scammers. Do not let your relatives get involved with this scam. This is a scam where they keep asking for more money and fake promises of unrealistic earnings in your account.
    These people are thieves and scammers. Do not let your relatives get involved with this scam. This is a scam where they keep asking for more money and fake promises of unrealistic earnings in your account.
    Translate to English
    2022-12-19 15:22
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    11