Cyprus Wuen has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with Cyprus Wuen for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Demo account available|Social trading features|Easy withdrawals
Cons: Account statements could be more detailed|Limited cryptocurrency options
For anyone considering Cyprus Wuen, please be aware that this company has been flagged by Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Tried to withdraw my funds from Cyprus Wuen and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I was about to invest with Cyprus Wuen but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The platform itself is okay, but the customer service at Cyprus Wuen is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Risk management tools|Real-time alerts
Cons: Desktop app not available on Linux
The onboarding at Cyprus Wuen was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Excellent charting|Easy withdrawals|Multi-currency support|Dividend tracking
Cons: Slow to add new assets|Cannot customize dashboard fully
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Cyprus Wuen is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Do not be fooled by the professional-looking website. Behind the scenes, Cyprus Wuen is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Risk management tools|Comprehensive tools|Wide product range|Personal attention
Cons: Charting tools need more indicators