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W Bull
On October 11, 2024, the British Columbia Securities Commission (BCSC) issued a warning against W-Bull, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/w-bull
On October 11, 2024, the British Columbia Securities Commission (BCSC) issued a warning against W-Bull, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/w-bullWhile W-bull claims to have been in business since 2006, its domain name, weebull.co, was registered as recently as late July this year, which is a red flag. The unknown operators of the site falsely purport to be WEBULL FINANCIAL LLC, a legitimate company registered with the Commodity Futures Trading Commission (CFTC). There is no evidence to suggest that W-bull (weebull.co) is affiliated with the genuine entity registered in the US. Additionally, the British Columbia Securities Commission (BCSC) has issued a warning against W-bull for providing financial services or products without proper authorization.
In essence, W-bull is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
W-bull appears to be a scam.
While W-bull claims to have been in business since 2006, its domain name, weebull.co, was registered as recently as late July this year, which is a red flag. The unknown operators of the site falsely purport to be WEBULL FINANCIAL LLC, a legitimate company registered with the Commodity Futures Trading Commission (CFTC). There is no evidence to suggest that W-bull (weebull.co) is affiliated with the genuine entity registered in the US. Additionally, the British Columbia Securities Commission (BCSC) has issued a warning against W-bull for providing financial services or products without proper authorization.In essence, W-bull is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.W-bull appears to be a scam.
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