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Does WealthFX Generate Wealth or Losses for Traders? Find Out in This Review

WikiFX | 2025-11-18 19:20

Abstract：The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the broker’s reputation in the forex community. In this WealthFX review article, we have shared some of these complaints here. Take a look!

The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the brokers reputation in the forex trading landscape. In this WealthFX review article, we have shared some of these complaints here. Take a look!

Top Forex Trading Complaints Against WealthFX

The Fund Scam Allegation in the Name of Scalping

Scalping is a type of forex trading where traders execute trades in a few seconds to minutes to benefit from small currency pair price movements. However, a trader admitted that WealthFX marked all of his trades as scalping even though they were for more than 50 minutes and prevented him from accessing withdrawals. This is how the trader shared the WealthFX review.

A Tale of Failed Promises & Additional Fee Liability for Payouts

Some traders have admitted that WealthFX fails to deliver them their promised returns. To make it clear, there is nothing assured in forex investments, even though they offer tremendous potential for lucrative returns. Also, the broker asks traders to pay additional fees for payouts. Take a look at the screenshot below to understand this trade manipulation.

Funds Once Deposited Cant be Withdrawn, Says the Trader

A trader claimed that the deposited funds cannot be withdrawn, allowing the broker to pile on the losses for its clients. Here is a small but strong statement made by the trader.

WealthFX Review by WikiFX: Score & Regulation Status

These forex trading complaints made the WikiFX team investigate WealthFX on several aspects, including its regulatory status. True to our suspicion, the broker was found to be an unregulated entity, answering your question - Is WealthFX real or fake? Given the prevailing investment risks, our team gave WealthFX a score of 1.93 out of 10.

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Related broker

Not Regulated

WEALTH-FX

Company name：Wealth Fx Liquidity Limited

Score

1.41

Website：https://thewealthfx.com/

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.41

SQUAREDFINANCIAL Review 2026: Months-Long Withdrawal Complaints and Platform Issues Raise Red Flags

The moment the SQUARED FINANCIAL review column opens, a pattern of disturbing complaints appears, demonstrating massive user frustration over alleged withdrawal denials for months, fund disappearance from the platform, frequent login issues and more. These may be user allegations, but the lack of response from the broker side on many such reviews causes some doubt over this Seychelles-based brokerage firm. This article thus aims to provide an insight into the growing user resentment considering the nature of their complaints found until June 2026. Additionally, we will share the broker’s offerings and regulatory framework, allowing you to figure it out better.

Original 2026-06-18 22:48

Telegram Banned in India? Here's What Traders Must Do Next

Yes, it’s true! The Government of India decided to ban Telegram in the country on June 16, 2026, surprising many who rely on this platform for daily trading alerts & advisories. The ban has taken effect under Section 69A of the IT Act as part of the government’s plan to stop fraud during the NEET-UG re-examination. According to reports, fraudulent rackets were selling fake question papers for amounts ranging from INR 5,000 to 50,000. But the ban, which will be effective until June 22, 2026, affects far more than students. It transcended from a messaging blockout to a sudden disengagement from the app that shaped many traders’ daily routine over time. Out of the 15 crore plus unique registered investors in India, a large chunk sought trading tips, market news, along with buy and sell signals on Telegram. It must have taken investors by surprise. But is the ban detrimental to traders, or is there something more than meets the eye?

Original 2026-06-18 19:20

iFOREX Europe Review 2026: Fund Withdrawal Complaints Keep Pouring Year After Year

As we look to sum up iFOREX Europe and check user comments, they all read virtually the same issue, year after year - fund withdrawal issues. While some users never received withdrawal access from the broker, others received it for some time before the trading enterprise suspended their trading account, leaving their funds allegedly trapped on the platform. In this iFOREX EUROPE review, we take a close look at reported fund scam allegations against the brokerage first. Additionally, we will elaborate on the broker’s product & services and its regulatory framework.

Original 2026-06-17 22:16

Rupee Climbs to a Six-week High Today - Is the Bad Time for the Currency OVER?

The rupee, which has been falling against major global currencies, including the US dollar, is finally back on the path to recovery. As per the initial trade, the rupee touched a six-week high of 94.43 against the USD on June 17, 2026, tracking a plunge in crude oil prices following the interim peace deal agreed upon between the United States of America and Iran. Brent crude oil price slipped to around $78 per barrel, which has not been the case for three straight months following the war. The surging crude oil prices further caused pressure on the rupee, which was already falling apart.

Original 2026-06-17 18:46