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WXJTSS

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Operating status: SCAM

Website: https://wxjtssgroup.com/

Broker violations and abnormal records
  • 2023-10-19 BrokersView has reviewed that WXJTSS is an unregulated broker

    WXJTSS marks itself as a reliable forex broker. It claims to be operated by WXJTSS GROUP CO., LTD, a company allegedly in the UK, with an MSB number 31000239880617 issued by the US Financial Crimes Enforcement Network (FinCEN).

    While the MSB registration exists, it is crucial to note that the inclusion of a business on the MSB Registration website is not a recommendation, certification of legitimacy, or endorsement of that business by any government agency. Information contained on this site has been provided by the MSB registrant and FinCEN does not verify information submitted by the MSB. Furthermore, the FinCEN's mission is to safeguard the financial system from illicit use, and combat money laundering and its related crimes including terrorism. Therefore, this agency has no authority in the forex market. The MSB registration cannot support WXJTSS' legitimacy in forex trading.

    Since WXJTSS purports to be located in the UK, it is required to seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, our search for this company didn't return any records. This means it is not authorized to offer financial services or products in this jurisdiction.

    In essence, WXJTSS 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. 

    WXJTSS is unequivocally a scam.

    WXJTSS marks itself as a reliable forex broker. It claims to be operated by WXJTSS GROUP CO., LTD, a company allegedly in the UK, with an MSB number 31000239880617 issued by the US Financial Crimes Enforcement Network (FinCEN).While the MSB registration exists, it is crucial to note that the inclusion of a business on the MSB Registration website is not a recommendation, certification of legitimacy, or endorsement of that business by any government agency. Information contained on this site has been provided by the MSB registrant and FinCEN does not verify information submitted by the MSB. Furthermore, the FinCEN's mission is to safeguard the financial system from illicit use, and combat money laundering and its related crimes including terrorism. Therefore, this agency has no authority in the forex market. The MSB registration cannot support WXJTSS' legitimacy in forex trading.Since WXJTSS purports to be located in the UK, it is required to seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, our search for this company didn't return any records. This means it is not authorized to offer financial services or products in this jurisdiction.In essence, WXJTSS 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. WXJTSS is unequivocally a scam.
  • 2024-02-25 The UK FCA issued a Warning against WXJTSS GROUP

    On 19 February 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against WXJTSS GROUP, believing this company might be providing financial services or products  without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/wxjtss-group.

    On 19 February 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against WXJTSS GROUP, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/wxjtss-group.

Related Complaints

Q&A

I cannot open WXJTSS's website. Can you help me?

Elizabeth Oh
Finland
2023-11-06
ANSWER WXJTSS' website is currently accessible, but it doesn't mean it is safe for investors. Our investigation has suggested that WXJTSS is a fraudulent platform and hence we strongly suggest you do not have any further dealing with it.WXJTSS presents itself as a trustworthy forex broker, asserting to be managed by WXJTSS GROUP CO., LTD, a supposed UK-based company, with an MSB number 31000239880617 granted by the US Financial Crimes Enforcement Network (FinCEN).Although the MSB registration is real, it's important to understand that being listed on the MSB Registration website doesn't imply any form of endorsement, legitimacy certification, or recommendation by any government entity. The information on this site is provided by the MSB registrant and isn't verified by FinCEN.As WXJTSS claims to be based in the UK, it should have obtained authorization from the Financial Conduct Authority (FCA) before attracting investors. However, our search didn't find any records of this company, indicating that it's not authorized to provide financial services or products in this jurisdiction.In summary, WXJTSS isn't a regulated trading platform. Investing with this broker is extremely risky due to the absence of legal protections for investors' funds. Individuals dealing with it are exposed to fraud and identity theft. To minimize such risks, it is recommended to stay away from unlicensed platforms and instead choose fully regulated ones.
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