The Official Website Of Weltex Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-06-18 The Austrian FMA Has Placed Weltex On The Warning List
On June 18, 2022, The Austrian Financial Marekt Authority (FMA) Issued A Warning That Weltex Is Not Authorized To Carry Out Bank Transactions In Austria That Require A License To Operate. Therefore, The Dealer Is Not Allowed To Conduct Commercial Transactions With His Own Account Or On Behalf Of Others. You Can Visit The Following Website For Details: Https://www.fma.gv.at/en/weltex/
2022-07-26 We Have Reviewed And Confirmed That Weltex Is An Unregulated Forex Broker
Weltex Claims To Be A Top Broker, But Does Not Provide Important Information Such As Its Regulation, Company Address, Contact Number, Etc. The Lack Of Such Information Makes It Difficult For Traders To Verify Its Legitimacy Or Even Get In Touch With It. This Can Be A Clear Signal For Unlicensed Traders, As Regulated Traders Always Display Information In A Prominent Position. This Is A Red Flag.
In Addition, The Austrian Financial Marekt Authority (FMA) Has Issued A Warning Against The Trader, Saying That Weltex Is Not Authorized To Carry Out Banking Transactions In Austria That Require A License To Operate. Therefore, The Trader Is Not Allowed To Carry Out Commercial Transactions On His Own Account Or On Behalf Of Others.
In Fact, Weltex Is Not Regulated By Any Regulatory Authority. It Is Not Safe For This Trader To Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Current Inability To Access The Broker's Website, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Weltex Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Weltex As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
