WellingtonInv (WellingtonInv.com) is a crude Crypto Currency and Forex broker out to cause havoc in the trading world. Wellington Inv is a broker who claims to be registered in Bulgaria which is not true. Thanks to our thorough investigation, the truth about WELLINGTONINV is about to be exposed. With so many members losing funds with this broker, an expose was due. Read this eye-opening and honest WellingtonInv review for more.
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Complaints have been received by our help desk by members who lost funds with this broker. By signing up with an unregulated broker, this made recovering funds impossible. Most of the complaints we received centered on members having no access to their funds. It seems withdrawing funds with this broker is not forthcoming. And this is proof we are dealing with a scam.
Why would investors sign up with this horrendous trading platform? Most investors hardly take the time to do any thorough background on some of these brokers. This makes sure both parties know what they are getting into. Its clear Wellington Inv is up to no good and this expose will reveal all tricks used. Make sure to read this entire review before opening an account with WELLINGTONINV.
In regards to who owns this trading platform, Elit Property Vision Group claims ownership. This company is associated with other Crypto Currency scams such as CryptoFG. Not only is this platform scheming to steal funds, they also steal personal data. Read this review to find out more.
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Another problem with this broker is anonymity. WellingtonInv is another brutal scam which is led by offshore brokers who are using fake credentials. Their mother company has been blacklisted by leading regulatory bodies such as Italy’s CONSOB. This makes opening an account with them highly risky and not recommended.
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There’s no way to prove this broker is dully registered by known regulatory bodies. This means we are dealing with a Forex platform which has no authorization to conduct transactions. It means following set rules is not in their plans making them highly risky. Stay away from this broker and ignore their marketing tactics to sign up. Having no valid license is proof we are dealing with a scam. Why have they failed to post any registration certificates to prove authenticity?
Lack of these vital documents is proof we are dealing with a broker out to cause malice. No one should trust this broker with their funds. By professing to offer trading profitable and simple, they are simply luring investors. This is a good time to stop trading with this broker and quit. If you were thinking about opening an account, don’t. This broker is simply out to cause problems in the future.
WellingtonInv is making sure depositing funds with them is easy and fast. In fact, funding accounts takes less than five minutes which is possible for a reason. They have made sure funding options are easily available for all types of investors. Depository channels include MasterCard, Visa, WebMoney, Qiwi Wallet and others. They don’t want investors to give excuses as to why they can’t make deposits. Problem is withdrawing funds with this broker.
No member has been able to withdraw funds with WellingtonInv which is weird. Why would a broker offering trading services refuse members to withdraw their funds? Only a brutal Forex broker has the capacity to steal funds by refusing withdrawals. Most members are facing this issue and account managers have gone dark. WellingtonInv is another Forex fraud pouncing on investors.
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WellingtonInv is offering anyone interested with five different account types to choose from. These account types include Basic, Standard, Gold, Platinum, and VIP. Minimum acceptable trading deposit starts at $1,000. This is in fact way too high considering the industry acceptable minimum standard of $250. These accounts share the same similarities which makes them risky. How can a trader deposit $1,000 and get the same features as a trader who deposits $50,000?
What is the basic risk management tool for if users cannot use them? Members who have lost a substantial amount would have used this tool to protect them from losses. 24/5 account manager claim is fake as no one is available for comment. These account managers go dark once investors start losing funds. It’s clear we are dealing with a broker who is simply lining their pockets with investors’ funds.
According to the evidence we produced, funds are not safe with this broker. When it comes to segregation of accounts, this procedure is not being followed. This means we are dealing with a broker who is pooling funds in one account. When bankruptcy sets in, users will without a doubt face huge problems. By pooling funds in one account, WellingtonInv is putting all funds in danger. Stay away from any broker who does not segregate accounts, this should be a must!
Could it be true members are depositing funds straight to owner’s personal bank account? This could be the case as this broker is up to no good. What about protection from third party intruders?
This broker is using a web based trading platform which has not been fully tested. Choosing to trade with this platform is highly risky. Anyone who signs up with this broker should be aware they are using an unstable platform. Without SSL Encryption, hackers can easily gain access to this platform and steal funds.
Hackers will attack this platform and try and steal personal data. They will be looking for credit card details as well as identity documents. Stay away from web based platforms which do not have SSL encryption Securing a website should be a must for any broker offering Forex services.
Make sure to warn your comrades from signing up with this broker. In case you receive a request to join their affiliate programs, ignore them. This broker simply wants to steal your funds and leave you high and dry!
Adding this broker to our scam blacklist will protect our readers from signing up. Make sure to stay away from this broker and trade with industry approved and certified brokers. Mark all their emails as Spam and don’t click on any links sent. Stay away from WellingtonInv.
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Lastly, we wish you all the best in your Forex trading experience.
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