A Critical Look at Wealth Advisory: Falling Short on Key Fronts

Wealth Advisory positions itself as a comprehensive brokerage service provider, offering a range of trading instruments and platforms for traders. However, despite its claims, the company exhibits significant shortcomings that affect user experience and reliability. This review delves into critical areas where Wealth Advisory fails to deliver on its promises, from regulation and security to trading fees.

What do we know about the broker?

According to its legend, Wealth Advisory has been providing services since 2012 and has managed to achieve impressive results and receive positive reviews. However, all this is just words. In fact, there are no reviews or expert analysis about the organization on the web, which is very suspicious.

Thanks to the WHOIS service, we found out how long the broker has actually been operating. It turned out that wealth-advisory.pro was registered only at the end of July this year. This explains why real customer reviews have not yet been published. People simply did not have time to understand that they were dealing with another fraudulent project.

Of all the channels for communication with support, only the email address is real. It is important to remember that this is a one-way communication method. If the scammers do not want to answer, they will simply ignore all your requests.

Is Wealth Advisory legal?

The broker claims to adhere to strict regulatory standards and states that it is licensed in Switzerland. But FINMA, the Swiss financial regulator, has nothing to do with this broker.

In addition, the broker claims to be licensed in Australia (by ASIC) and operates on behalf of W ADVISORY PTY LTD. We have checked this information, there is such an organization listed in the register of the supervisory authority. . However, there is no confirmation that the real W ADVISORY PTY LTD has at least some relation to Wealth Advisory. Considering that the register of Australian licensees is open to public access, scammers could simply steal other people’s details. Moreover, the real company has a completely different website.

Trading conditions

• minimum deposit: $250;
• personal manager services;
• risk management strategies and recommendations;
• introduction to the trading platform;
• educational sessions;
• more than 1500 financial assets for earning;
• zero commissions;
• depending on the plan, they may additionally offer risk-free transactions, practice sessions, high trading leverage, and managed account services.

There are no reviews confirming the possibility of earning on the platform and withdrawing profits from it. Moreover, the fake broker does not even disclose the payment methods, payment regulations, commission costs. Apparently, the scammers individually change the conditions so as not to pay traders a penny.

Reviews from real users

By the time of writing the Wealth Advisory review, there are no traders’ reviews. Of course, such a situation is beneficial to scammers who can easily pull the wool over the eyes of newcomers and promote their offer. If you have worked with this company, please post a review to tell the truth. The scammers should get what they deserve. You can also help newbies avoid being scammed.

Fraud scheme

Wealth Advisory is pulling the wool over registered users’ eyes. They are forced to give trading recommendations and imitate transactions, since the scammers have no real access to liquidity providers. The platform creates the illusion of a trading process, but as soon as an impressive amount appears on the account, the entrance to the personal account will be immediately blocked and the money will be taken away.

There is no point in being indignant and demanding justice. The scammers will simply stop getting in touch with the swindled trader.

Summary

Wealth Advisory is suspected to be a scam operation posing as a legitimate investment advisory service. It often attracts clients by promising high returns through “expert” financial guidance and exclusive investment opportunities. However, once clients deposit funds, they typically encounter hidden fees, difficulty withdrawing money, and pressure to invest even more. The company’s lack of transparent regulation and vague contact details are major red flags, making it difficult for clients to reclaim their funds or hold anyone accountable. As a result, Wealth Advisory appears to be a high-risk, fraudulent service targeting inexperienced investors.