Abstract：WEALTH SAILING is a China-rooted online forex broker offering a variety of financial instruments to its clients across the globe. This broker was just launched within a year, and WikiFX already received a lot of complaints against this broker. We wonder if this broker can be trusted. To better understand the truth, WikiFX has made a comprehensive review of this broker by analyzing the reliability of this broker from specific information, regulation, exposure, etc.
In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of WEALTH SAILING based on the facts.
What is WikiFX？
| WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. |
| WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
Table of Contents
1. Evaluate the reliability of WEALTH SAILING based on its general information and regulatory status.
A. General Information of WEALTH SAILING
B. Regulatory Status
2. Exposure related to WEALTH SAILING on WikiFX
3. Special survey about WEALTH SAILING from WikiFX
A. Scoring Criteria
B. Field Investigation
C. WikiFX Alerts
4. Conclusion
1. Evaluate the reliability of WEALTH SAILING based on its general information and regulatory status
To understand WEALTH SAILING better, we explore WEALTH SAILING by analyzing three main perspectives:
A. General Info of WEALTH SAILING
B. Regulatory Status
A. General Info of WEALTH SAILING
WEALTH SAILINGs general info has been shown below:
(source: WikiFX)
About WEALTH SAILING
There is a lack of information about this broker since we cannot open the official website. WEALTH SAILING is a China-rooted online forex broker offering a variety of financial instruments to its clients across the globe. This broker was just launched within a year.
Trading Platform.
Please note that this broker does not use either MT4 or MT5 trading platform.
B. Regulatory Status
What is a Legitimate License？
The legitimate license is the business license issued by the financial regulatory institution of each country/region.
Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.
Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.
The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.
Is WEALTH SAILING legit？
WEALTH SAILING is not a regulated broker, this means that this broker does not hold a legitimate license. Investing in an unregulated broker is more likely to cause you a heavy financial loss.
2. Exposure related to WEALTH SAILING on WikiFX
On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.
As of July 22, 2022, WikiFX has received 10 complaints against this broker within 3 months. The biggest problem this broker has lies in withdrawal refusal. Below are some of them.
This broker told WikiFX that WEALTH SAILING made a lot of excuses to refuse his withdrawal request. They even asked this victim to pay extra fees if he insists on withdrawal.
This victim from China claimed that no money can be withdrawn after a deposit.
This trade from Canada thinks that WEALTH SAILING is not reliable. He invests in this broker but ends up with no profits. Eventually, he cannot withdraw.
This victim from the United States reports that WEALTH SAILING asks him to pay some tax on his investment before he can withdraw. The victim thinks that this broker is a scam.
3. Special survey about WEALTH SAILING from WikiFX
A. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform, instruments, etc |
| Risk Management index: the degree of asset security |
WEALTH SAILING has been given by WikiFX a low rating of 1.07/10.
(source: WikiFX)
B. Field Investigation
To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.
On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.
Unfortunately, WikiFX did not make an on-site survey on this broker.
C. WikiFX Alerts
(source: WikiFX)
4. Conclusion:
WikiFX does not advise you to invest in this broker as so many complaints have been exposed. In addition, this broker does not hold a legitimate license. Investing in an unlicensed broker can put your money in a dangerous situation. We want you to do more research and make yourself comfortable before making a wise decision.
WikiFX contains details of more than 36,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.
