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WELLS TRADER

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Broker violations and abnormal records
  • 2023-09-03 The Spanish CNMV issues a warning against WELLS TRADER

    On September 4, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added WELLS TRADER to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1

    On September 4, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added WELLS TRADER to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
  • 2023-09-05 BrokersView has reviewed that WELLS TRADER is an unregulated broker

    WELLS TRADER fails to disclose its regulatory information and licensing data, which is a significant scam indicator.

    While it is allegedly domiciled in Switzerland, there are no indications that it is registered with 

    the Swiss Financial Market Supervisory Authority (FINMA).

    Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added WELLS TRADER to its warning list for providing investment services without authorization.

    In essence, WELLS TRADER 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. 

    WELLS TRADER is unequivocally a scam.

    WELLS TRADER fails to disclose its regulatory information and licensing data, which is a significant scam indicator.While it is allegedly domiciled in Switzerland, there are no indications that it is registered with the Swiss Financial Market Supervisory Authority (FINMA).Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added WELLS TRADER to its warning list for providing investment services without authorization.In essence, WELLS TRADER 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. WELLS TRADER is unequivocally a scam.
  • 2024-03-13 The Belgian FSMA adds Wells Trader to its warning list

    On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Wells Trader to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platforms

    On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Wells Trader to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platforms