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.