Score

1.49 /10
Danger

WCM

United States

Scam Brokers

2-5 years

Suspicious Regulatory License

White label MT5

Regional Brokers

Australia Appointed Representative(AR) Revoked

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.84

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Wealth Compound Management Limited

Company Abbreviation

WCM

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 3
Previous Detection : 2024-09-22
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
WCM · Company summary

Note: WCM is to operate via the website - https://wealth-compound.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

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 & Regulation

WCM, a trading name of Wealth Compound Management Limited, is allegedly a financial services company founded on 11 March 2020 and registered in the United Kingdom that claims to provide its clients with the MT5 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that WCM currently has no valid regulation and it has been verified to be illegal. That is why its regulatory status on WikiFX is listed as “Illegal” and receives a relatively low score of 1.38/10. Please be aware of the risk.

General Information & Regulation

Trading Platform Available

According to the information on the website, we found that WCM seems to give traders the world's most advanced and popularly-used MT5 platform. However, we have no way to confirm if it is available because the website states that it currently does not have any sponsors for us. Anyway, MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality. This trading platform offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Customer Support

WCMs customer support can be reached by telephone: +18007349106, email: contact@wealthcompound.com. Principal Address: 6547 N Academy Blvd #2266, Colorado Springs, CO 80918, US. Mailing Address: 18351 Colima Road Ste 2896, Rowland Heights, CA 91748, US

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