WellVest
On October 14, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added WELLVEST to its warning list for providing investment services without authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=%2b5sjGJt0lO%2bDWxFnrbphJJqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL.
On October 14, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added WELLVEST to its warning list for providing investment services without authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=%2b5sjGJt0lO%2bDWxFnrbphJJqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL.WellVest claims to be an international online broker located in the United Kingdom, offering a range of investment products to traders, including Forex, Indices, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located.
Upon investigation, we found that WellVest is not authorized and regulated by the United Kingdom Financial Conduct Authority (FCA). The Comisión Nacional del Mercado de Valores (CNMV) added WELLVEST to its warning list for providing investment services without authorization.
The truth is that WellVest is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.
WellVest is a scam.
WellVest claims to be an international online broker located in the United Kingdom, offering a range of investment products to traders, including Forex, Indices, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located.Upon investigation, we found that WellVest is not authorized and regulated by the United Kingdom Financial Conduct Authority (FCA). The Comisión Nacional del Mercado de Valores (CNMV) added WELLVEST to its warning list for providing investment services without authorization.The truth is that WellVest is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.WellVest is a scam.On November 21, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Wellvest to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-21-november-2024-warnings-/718268
On November 21, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Wellvest to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-21-november-2024-warnings-/718268
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