Cowtrading Wealth is a forex broker that claims to offer a variety of trading services, including forex trading, CFD trading, and cryptocurrency trading. However, there are a number of red flags that suggest that Cowtrading Wealth may be a scam.
Company Overview
Cowtrading Wealth is a privately held company that is registered in the British Virgin Islands. The company does not have a physical office and its contact information is limited. The website of Cowtrading Wealth is poorly designed and lacks important information, such as the names of the company’s management team and its regulatory status.
Team
The team of Cowtrading Wealth is not publicly available. This is a red flag, as legitimate brokers should be transparent about their management team.
Services or Products
Cowtrading Wealth offers a variety of trading services, including forex trading, CFD trading, and cryptocurrency trading. However, the spreads and fees charged by Cowtrading Wealth are not competitive. The company also does not offer any educational resources or trading tools.
License and Regulations
Cowtrading Wealth is not regulated by any major financial regulator. This is a major red flag, as unregulated brokers are more likely to engage in fraudulent activities.
License Status
Cowtrading Wealth is not licensed by any major financial regulator. This includes the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, and the Australian Securities and Investments Commission (ASIC).
Regulation Status
Cowtrading Wealth is not subject to any financial regulations. This means that the company is not required to follow any rules or standards to protect its customers.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of risks associated with dealing with an unlicensed broker. These risks include:
- The broker may not be able to return your funds if you lose money.
- The broker may engage in fraudulent activities, such as front-running or market manipulation.
- The broker may not provide you with adequate customer support.
Legal Warning Against Cowtrading Wealth
The Financial Conduct Authority (FCA) in the UK has issued a warning against Cowtrading Wealth. The FCA has warned that Cowtrading Wealth is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Cowtrading Wealth online. These reviews allege that Cowtrading Wealth is a scam and that it has not returned funds to its customers.
Feedback About Their Trading
Some clients have complained that Cowtrading Wealth’s trading platform is buggy and that it is difficult to make trades. Others have said that the spreads and fees charged by Cowtrading Wealth are too high.
Feedback About Their Customer Service
Customers have also complained about the customer service of Cowtrading Wealth. Some clients have said that they have been unable to get in touch with customer support, while others have said that the customer support representatives have been unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Cowtrading Wealth or any other broker, you can contact Reviews Advice for help. Reviewsadvice is a company that specializes in helping victims of investment scams. Reviews Advice can help you to recover your funds and to hold the scammers accountable.
We can help you by providing recovery service recommendations and premium educational resources to help you recover the lost funds.
Final Thought
Cowtrading Wealth is a high-risk broker that should be avoided. The company is not regulated by any major financial regulator and there are a number of red flags that suggest that it may be a scam. If you are considering trading with Cowtrading Wealth, we advise you to reconsider and choose a more reputable broker.
