WXJTSS is a forex brokerage firm registered in the United Kingdom on March 13, 20233. It primarily offers financial trading services, including forex, commodities, stocks, indices, to investors. The company's headquarters is undisclosed, and its official website is available in English and Traditional Chinese, conducting business globally.
Company Background and Regulatory Status:
The entity registered in the UK is WXJTSS GROUP CO., LTD, with a registered address at Floor 1 Office 25, 22 Market Square, London, England, E14 6BU, and a company registration number of 14724955. The actual controller of this entity is Christian Ueli Egger. According to Whois information, the brokerage's official website domain was registered on March 15, 2023.
WXJTSS GROUP CO., LTD is registered with the Financial Crimes Enforcement Network (FinCEN) in the United States, with an authorization date of March 26, 2023, and an MSB number of 31000239880617. FinCEN's mission is to protect the financial system from illegal use, combat money laundering and related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. However, FinCEN does not regulate forex trading and brokerage activities. Therefore, this entity is currently in an unregulated state.
Account Opening:
To open a WXJTSS GROUP account, the first step is to provide a personal email address, and the brokerage will send a verification code to that email. The second step is to enter the received verification code and set a personal account password. After submission, you can log in to your personal account. The third step, upon entering your personal account, involves providing your real name and uploading identification documents for identity verification, after which you can open a real account and make deposits.
Account Information:
The WXJTSS GROUP website and user interface do not mention key trading information such as spreads, trading commissions, trading leverage, execution types, etc.
Trading Platform:
WXJTSS GROUP provides users with a proprietary trading platform, available in desktop, Android, and iOS versions.
Deposits and Withdrawals:
WXJTSS GROUP supports deposits through blockchain and bank wire transfers. For bank wire transfers, you need to consult their customer service to obtain a transfer confirmation before making a deposit. To withdraw funds, you need to link your bank card or e-wallet.
Customer Support:
WXJTSS GROUP only provides customer support through email at [email protected] and through their official website's online contact form.
Summary:
Traderknows advises investors that WXJTSS GROUP is an unregulated forex brokerage firm that has been in operation for less than a year. Key trading information such as spreads, trading commissions, trading leverage, execution types, etc., is not clearly disclosed. Additionally, they use a proprietary trading platform. This brokerage raises suspicion of fraud. When selecting a trading platform, it's recommended to stay away from this platform and choose well-established, reputable platforms with proper regulatory oversight to avoid potential financial losses.
Currently, this brokerage is marked as "suspicion of fraud" on Traderknows.
