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Operating status: SCAM
Website: https://wealthfuture.org/
On April 26, 2023, the Financial Conduct Authority (FCA) issued a warning against Wealth Future, identifying this broker as a clone of an FCA-authorized firm: https://www.fca.org.uk/news/warnings/wealth-future-profit-station-clone-fca-authorised-firm
Wealth Future is ambiguous in presenting details about its regulatory status, which can be seen as a red flag, as legitimate ones always prominently display their accreditation and licenses in a concise, clear way. This broker mentioned a lot of regulators to appear legal, including the Australian Securities and Investments Commission (ASIC), the International Financial Services Commission (IFSC), the Financial Services Agency (FSA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for Wealth Future in the above mentioned regulators' registers didn't yield any results. In addition, the Financial Conduct Authority (FCA) has issued a warning against this broker, confirming that it is a clone of an FCA-authorized firm and copies the details of a genuine firm to try and convince people that their firm is genuine.
In essence, Wealth Future 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.
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