CFD broker Wealthpros365, which has received several awards in the forex industry, offers the opportunity to set your money in motion by trading in financial markets. Despite the awards claimed for 2021 and 2022, the company hides a significant portion of information about itself. For example, there is no disclosure of licenses, business model, founding date, or legal documents. What is known is that it is a British firm with headquarters in London, but without a specific address. Additionally, it’s challenging to gauge the platform’s reputation as online reviews are extremely limited. All of these factors suggest a potential scam. Can you trust your money with such an organization? Let’s find out.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom |
| ⚠️ Regulation | – |
| 🖥️ Website | https://www.wealthpros365.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | – |
| ⚖️ Minimum and Maximum Leverage | 1:100-1:400 |
| ⚙️ Trading Platform | WebTrader |
| support@wealthpros365.com | |
| 📞 Phone | +442080978295 |
First Impression of Wealthpros365.com
The official website of Wealthpros365 leaves much to be desired. It appears to be somewhat of a rudimentary website. Regarding information about the broker, there are only a few documents, such as the user agreement and AML&KYC policy, as well as descriptions of tariffs and contact details. There is no information about the company, the platform, and many other important aspects. The website seems incomplete, as if it was abandoned halfway through development.
The official website of any company is its face, the first thing a potential client interacts with. Looking at such a resource gives the impression of neglect. There is no useful information, no design or graphical presentation, pseudo-advantages, and fake benefits, as well as clichéd phrases created to motivate visitors to open an account and deposit funds quickly. No, such a website certainly does not convey professionalism and seriousness on the part of Wealthpros365; it’s quite the opposite. And this doesn’t even touch on its template-like and dull appearance.
Partnership and Bonuses
The broker offers bonuses on deposits, but they are only available when depositing 5,000 euros or more. Wealthpros365 does not describe the conditions under which these bonuses are granted, but perhaps the broker’s managers individually explain to those who wish to take advantage of this opportunity, the required trading volume to fulfill the bonus conditions, and the time deadline given.
There is no mention of an affiliate program anywhere on the website, and even during the account registration process, there is no prompt to enter a promo code, as is often the case with other companies. Although Wealthpros365 could have developed a basic affiliate program to attract more clients and allow existing traders to earn additional income.
Account Opening on Wealthpros365.com
The account registration process at Wealthpros365 consists of two steps:
- Providing personal information: name, email, phone number, country, account type, and currency (USD, EUR, GBP, or BTC).
- Creating a password and agreeing to the user’s terms.
Choosing an account type during the registration process seems impractical. Why can’t traders select an account type after familiarizing themselves with the platform? How can a trader know which account type is most suitable at the initial account creation stage? Moreover, after the second step, the client portal opens immediately, but the confirmation email is not sent to the registered email address. This creates significant security vulnerabilities in Wealthpros365’s system.
The client portal appears as rudimentary as the website. From here, clients can manage their accounts: update information, view trading and transaction history, perform balance replenishment operations, request withdrawals, and upload documents for KYC verification. Wealthpros365 also provides access to Webtrader from the client portal and offers the option to download the platform on a computer or smartphone.
A demo account was not found. Therefore, testing how the terminal works with virtual funds is impossible, and traders would need to invest real money to use the platform.
Verification
Wealthpros365 has a mandatory verification process, as stated in the user agreement: “requires from every trader an identification.” Document uploading takes place in the client portal in the appropriate section. To upload documents, simply select the document type and specify the file path on your computer.
- The uploading process takes place in the client portal, making it convenient.
- Wealthpros365 requires you to provide a photo/scan of your bank card.
Trading Software
The description of the trading terminal on the Wealthpros365 website is absent, with only a mention of WebTrader and the mobile version of the platform. In the client portal, you can download the software for your computer as a terminal.msi file and for Android in .apk format. We did not risk downloading these programs to our devices, and we do not recommend that you do so either. Such files may potentially contain dangerous viruses. Also, it’s worth noting the absence of support for iPhone users.
Before us is a standard webtrader from the developers at Easy Technologies, which we have encountered with other brokers that turned out to be fraudulent. Why do so many brokerage companies seem to prefer this software? Perhaps it’s because it’s very affordable, which is why firms may opt for it over more advanced platforms like MetaTrader. In any case, the functionality is quite limited, offering only basic features like pending orders, charting, technical analysis, a few timeframes, watchlists, and a notification system. Wealthpros365 could provide a more robust and interesting alternative to this pseudo-terminal.
| Features | Wealthpros365 | Moon Star | Monzaee FX |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ✔️ | ✔️ |
| Own Development | ❌ | ❌ | ✔️ |
How Can I Trade With Wealthpros365?
The trading conditions depend on the chosen tariff plan, and we will now examine the types of accounts available to traders.
All Info About Accounts
The better the account type, the more additional services are available to clients, and the more favorable the conditions become. Wealthpros365 offers a total of 4 account types. The minimum deposit for the first account type, “Silver,” is not specified, as the upper limit is mentioned as 5,000. However, owners of this account type gain access to over 200 assets, market reviews, and leverage up to 1:100. It’s a relatively limited set of features.
The second account type requires a deposit of 5,000 or more. With this account, Wealthpros365 offers assistance from a dedicated personal manager, bonus funds, and expanded leverage of up to 1:200. It also includes signals, financial planning, risk management, venture promotions, webinars, and private analyst sessions.
For the next account type, the minimum deposit required is even higher, and the VIP account is only available by invitation. Overall, the broker’s minimum entry threshold is excessively high, especially when compared to other brokerage firms. It’s worth noting Wealthpros365’s attempt to attract more funds from clients by promising a more advanced and diverse service with larger deposits.
Commission fees and spreads are not disclosed, and the type of spreads is also not specified. A leverage of 1:100 or more suggests a lack of regulation, as financial authorities typically do not allow such high leverage. Islamic accounts are not available, and neither is a demo account, as mentioned earlier.
- None.
- Many crucial conditions are not disclosed.
- Options such as Islamic accounts and a demo account are not available.
Market Analysis and Education With Wealthpros365.com
The firm offers very limited additional services beyond what’s described in the account types. Apart from a small ticker with live quotes, Wealthpros365 doesn’t provide much else. The broker could have offered more features, such as an economic calendar, financial market news, or other widgets.
Deposit, Withdrawal, and Fees
The broker allows money transfers through bank wire transfers and credit/debit cards. However, Wealthpros365 doesn’t specify any commissions, but they do charge a withdrawal fee, and the processing time for withdrawal requests can take up to 5 business days.
| Features | Wealthpros365 | AU Venture | Kowela |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ❌ |
| Crypto Transfers | ❌ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ✔️ | ❌ | ❌ |
How Can I Contact It?
Wealthpros365 provides a phone number and an email address for contact. Additionally, clients can submit a feedback request through a special form, but whether there will be a response is uncertain. We checked the contact details and found that the email address was nonexistent. It means there’s only a phone number available, and even that is questionable.
Online chat support is also absent, even though it’s a valuable tool for quick communication with technical support staff. It’s worth noting that there are no social media accounts, which is an important element for any online business.
- None.
- Fake email address.
- No online chat for prompt communication.
- Absence of social media accounts.
Is Wealthpros365 Dangerous?
The broker operates with a significant lack of transparency. It does not disclose crucial information about itself or its trading conditions. Additionally, we found that the email address provided by Wealthpros365 is fake, which is a clear negative factor. However, let’s investigate the company’s history and licensing status.
How Long Does The Broker Work?
On the homepage of the website, there are mentions of awards received in 2021-2022. It is the only hint regarding the company’s duration of operation. However, if we check the domain registration date of the official website, these awards appear to be fake because the website’s domain was registered on February 16, 2023. How could Wealthpros365 have received awards for 2021-2022 if the website only appeared in 2023? This indicates two clear things: fake awards and a short duration of operation of less than a year.
How Is Wealthpros365 Regulated?
The address provided for the broker, Churchill Pl, London, lacks specificity. We can verify the presence of a license with the FCA, since it is the British financial commission that regulates the activities of brokerage intermediaries. It is not surprising to find that Wealthpros365 is absent from the Financial Conduct Authority’s registry, indicating a lack of licensing.
Is the firm truly based in the United Kingdom, or is this another falsehood? Checking Companies House did not yield any results. There is no legal entity for Wealthpros365 listed there, suggesting that such an organization does not exist in the United Kingdom.
| Features | Wealthpros365 | CryptoSTADT | Korata |
|---|---|---|---|
| European Zone | ❌ | ❌ | ✔️ |
| Asian Zone | ❌ | ❌ | ✔️ |
| American Zone | ❌ | ❌ | ✔️ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Wealthpros365?
Is Wealthpros365 Legit?
How Risky Is It?
Kevin Berry This is yet another scam broker that attempts to create the impression of being a large and serious brokerage organization based in the United Kingdom. Why do scammers love this jurisdiction so much? Is it because it’s honey-coated? By the way, the official website also looks terrible. Even by the appearance of the website, one can suspect fraudsters. Wealthpros365 is engaged in illegal activities and operates exclusively as a dealing desk, so there is no point in trading here; it is dangerous for your deposit. Find a legitimate brokerage firm that genuinely holds a license from the FCA; that’s where it will be safe.
Wealthpros365 rating
2 reviews about Wealthpros365
These are typical scammers who steal money from people looking to make money through forex trading! This is a fake company, and their goal is to first lure traders with money and then scam them out of it. A classic fraud. Even the positive reviews are fake; do not read them and do not trust them.
A fake address and awards raise questions about the broker’s transparency and credibility. The absence of regulation is a significant red flag, as it means there is no oversight or accountability for the broker’s activities. Anonymity and secrecy regarding the broker’s ownership or leadership add to the lack of transparency.
The fact that the broker has been operational for less than a year and has limited online reviews suggests that it may not have established a track record of trustworthiness and reliability. These factors collectively indicate a high level of risk and uncertainty associated with the broker, and potential clients should exercise caution and consider alternative, regulated options for their financial transactions.
This is why I do not recommend Wealthpros365. Any experienced trader will tell you that.