WTM Forex Broker

Note: WTM's official website: http://wtmfx.net/en is currently inaccessible normally.WTM Information WTM is a trading platform registered in the United Kingdom since 1994. It is currently not regulated by any authority, as it is not authorized by the NFA. The platform's official website is currently inaccessible.Is WTM Global Legit？ National Futures Association (NFA) Current StatusUnauthorized Regulated by United States License TypeCommon Financial Service License License No.0521497 Licensed InstitutionWEALTH TRADING MARKET CO LIMITED WTM's regulatory status is “not authorized by the NFA,” meaning it is not regulated by any authority. The lack of regulation significantly increases the risk of trading on this platform, as it means there are no official or government safeguards and protections in place.Downsides of WTM Unavailable Website:The official website of WTM is currently inaccessible, which severely reduces the platform's transparency and reliability.Lack of Transparency:There is a significant lack of information about WTM online, making it difficult for investors to make informed decisions compared to other brokers. The inaccessible website means there is no trustworthy official information available regarding fees, security measures, or trading software.Regulatory Issues:WTM is not authorized by the NFA, meaning it is unregulated. This lack of regulation poses a high risk for trading activities.Investment Scam Reports:There have been reports of investment scams associated with WTM, including false promises of returns and subsequent demands for large payments, leading to financial losses.Negative WTM Reviews on WikiFX On WikiFX, “Exposure” refers to user reviews and feedback. Users are advised to review other users' experiences on the WikiFX website before choosing a trading platform. The WikiFX link for WTM is: https://www.wikifx.com/en/dealer/8621893256.html Currently, there are four exposure reports on WTM. Here are details on two of them: Exposure 1. False promises of returns ClassificationFalse promises of returns Date2023-12-01 Post CountryArgentina A user reported that WTM promised investment returns. Initially, the user did receive some profits. However, the platform began demanding increasingly higher investment amounts, resulting in a loss of approximately $1,500. Visit https://www.wikifx.com/en/comments/detail/202311303752885580.html for more details. Exposure 2. Subsequent demands for high payments ClassificationSubsequent demands for high payments Date2023-11-04 Post CountryPeru A user reported being contacted by WTM representatives via WhatsApp and then Telegram to start investing. Similar to the first user, initial trades were successful, but the platform increasingly demanded higher investment amounts, leading to a loss of 1,150 soles. For more details, visit: https://www.wikifx.com/en/comments/detail/202311045172801076.html Conclusion WTM is an unregulated trading platform with several significant drawbacks. Its lack of regulation means there is no oversight or protection for investors. Additionally, the inaccessible website further reduces transparency, and numerous negative feedbacks highlight issues such as increasing investment demands and potential fraud. Overall, WTM is not recommended for investment trading.