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Virtual Wealth Exchange

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Founded: - Min Deposit: 250 USD

Headquarters: - Max Lev: 1 : 1000

Risk Warning (1) 2026-02-05
Its claim of holding the Mauritius FSC license needs further verification; Flagged by the FCA. Its domain is currently inaccessible.
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https://www.virtualwealthexchange.co/
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Website Language
English
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Supported Language
English

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Q&A

I can't find the email address or phone number of Virtual Wealth Exchange, how can I get in touch with them.

Panagiotis Virk
Bangladesh
Jun 05, 2024
ANSWER Dear Investor,It is advisable to exercise extreme caution when dealing with Virtual Wealth Exchange. Your difficulty in finding their contact information including phone numbers and email addresses is caused by their lack of transparency.If a forex broker fails to ensure transparency, investors should reconsider its credibility. While Virtual Wealth Exchange claims to be operated by Lead Capital Global Ltd, a company licensed by the Mauritius Financial Serivces Commission (Mauritius FSC), it is critical to note that this authority doesn't disclose critical details about the license holder, such as the phone number, email address, and the domain name which it operates. This lack of information could potentially allow fraudsters to misuse information from the Mauritius FSC's website to appear legitimate. In simpler terms, the scant information available for verification could enable a dubious broker to impersonate a Mauritius FSC licensee. Even if Virtual Wealth Exchange is the legitimate licensee, the offshore oversight offers only minimal protection.Adding to the concerns about Virtual Wealth Exchange's authenticity and legitimacy, the UK's financial regulator, Financial Conduct Authority (FCA) has issued a warning against the broker, flagging it as unauthorized within its jurisdiction. According to the FCA, the brand provides financial services through two website addresses, one of which is currently inaccessible. This situation also raise a red flag for potential fraudulent activities.Given these facts, we advise investors to choose fully regulated brokers over Virtual Wealth Exchange for a safer trading environment.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.