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WBroker

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Operating status: SCAM

Website: https://www.wbroker.com/

Broker violations and abnormal records
  • 2022-04-20 The HK SFC issued a warning against WBroker

    On April 21, 2022, the Hong Kong Securities and Futures Commission (SFC) issued a warning against WBroker, stating that the company falsely claims on the website www.wbroker.com that it is licensed by the SFC. https://www.sfc.hk/en/alert-list/2836

    On April 21, 2022, the Hong Kong Securities and Futures Commission (SFC) issued a warning against WBroker, stating that the company falsely claims on the website www.wbroker.com that it is licensed by the SFC. https://www.sfc.hk/en/alert-list/2836
  • 2023-07-16 The NZ FMA issued a warning against WBroker

    On July 17, 2023, the New Zealand Financial Markets Authority (NZ FMA) issued a warning against WBroker for falsely claiming to be a New Zealand Financial Service Provider by using a registered company's license number. https://www.fma.govt.nz/library/warnings-and-alerts/wbroker/

    On July 17, 2023, the New Zealand Financial Markets Authority (NZ FMA) issued a warning against WBroker for falsely claiming to be a New Zealand Financial Service Provider by using a registered company's license number. https://www.fma.govt.nz/library/warnings-and-alerts/wbroker/
  • 2023-07-16 BrokersView has reviewed that WBroker is an unregulated broker

    WBroker claims that it is part of the Waton Group that holds an ASIC broker license (No.: AFS001299580) in Australia and a FSPR broker license (No.: FSP546286) in New Zealand. However, our search for these two licenses reveals that the numbers belong to a company called Wealth Guardian Investment Limited, which the New Zealand Financial Markets Authority (NZ FMA) said in a warning has no association with WBroker. Therefore, WBroker is using details of another legitimate company to fool investors.

    Furthermore, both NZ FMA and Hong Kong Securities and Futures Commission (HK SFC) have issued a warning against WBroker for illegally offering financial services/products.

    In essence, WBroker 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.

    WBroker claims that it is part of the Waton Group that holds an ASIC broker license (No.: AFS001299580) in Australia and a FSPR broker license (No.: FSP546286) in New Zealand. However, our search for these two licenses reveals that the numbers belong to a company called Wealth Guardian Investment Limited, which the New Zealand Financial Markets Authority (NZ FMA) said in a warning has no association with WBroker. Therefore, WBroker is using details of another legitimate company to fool investors.Furthermore, both NZ FMA and Hong Kong Securities and Futures Commission (HK SFC) have issued a warning against WBroker for illegally offering financial services/products.In essence, WBroker 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

Is it safe to trade in WBroker?

Daisy Sigler
Diekirch
2023-09-19
ANSWER No, WBroker is not safe for investors. It is a scam flagged by financial governing bodies.WBroker claims affiliation with the Waton Group, allegedly boasting AFS001299580 in Australia and FSP546286 in New Zealand. However, these license numbers belong to Wealth Guardian Investment Limited, a company unrelated to WBroker, according to a warning by the New Zealand Financial Markets Authority (NZ FMA). This suggests that WBroker is using false details to deceive investors and appears to be an impersonation scam. You can refer to here for the full NZ FMA warning.Furthermore, the Hong Kong Securities and Futures Commission (HK SFC) have also issued a warning against WBroker (https://www.wbroker.com/) for fraudulent activities.Therefore, BrokersView strongly suggests investors avoid WBroker. It is a scam that carries substantial risks, including financial losses and identity theft, which could be financially and personally devastating. Without regulatory oversight, traders may not be able to reclaim their funds or get compensation once violations happen. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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