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Grease Wallet

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Operating status: SCAM

Website: https://www.greasewallet.com/

Broker violations and abnormal records
  • 2023-05-09 The UK regulator FCA added Grease Wallet to warning list

    On May 10, 2023, the Financial Conduct Authority (FCA) issued a warning against Grease Wallet, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/grease-wallet-inc


    On May 10, 2023, the Financial Conduct Authority (FCA) issued a warning against Grease Wallet, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/grease-wallet-inc
  • 2023-05-10 BrokersView has reviewed that Grease Wallet is an unregulated broker

    Grease Wallet claims to be operated by Grease Wallet Inc. registered with the Companies House (CH) under company number 02789650. However, we verified this number on the CH website and found it belongs to another company. This means Grease Wallet is using details of the other genuine firm to appear legitimate. In addition, brokers operating in the UK, as required by law, must obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors and offering financial services or products. But the FCA has issued a warning against this broker, announcing its illegitimacy in the financial markets.

    In essence, Grease Wallet is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Grease Wallet claims to be operated by Grease Wallet Inc. registered with the Companies House (CH) under company number 02789650. However, we verified this number on the CH website and found it belongs to another company. This means Grease Wallet is using details of the other genuine firm to appear legitimate. In addition, brokers operating in the UK, as required by law, must obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors and offering financial services or products. But the FCA has issued a warning against this broker, announcing its illegitimacy in the financial markets.In essence, Grease Wallet is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

I didn't know my address document is required for verifying the account. Should I give the document to them? Is it safe?

Mohamed Arif
Morocco
2023-08-09
ANSWER We strongly suggest you immediately stop giving away your personal information. Grease Wallet is a fraudulent platform and the Financial Conduct Authority (FCA) has warned the public of this illegal firm.Grease Wallet claims to be operated by Grease Wallet Inc. registered with the Companies House (CH) under company number 02789650. However, we searched the CH's website for this number and found it belongs to another company. This means Grease Wallet is using details of the other genuine firm to appear legitimate. Furthermore, the FCA, the UK financial regulator, has issued a warning against Grease Wallet, announcing its illegitimacy in the financial industry.In essence, Grease Wallet is an unlicensed broker coming with significant risks, such as fraud and identity theft. Without regulatory oversight, investors dealing with this platform are not protected. Therefore, we advise investors against trading with unlicensed brokers like Grease Wallet and instead to choose a fully regulated one.
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