FUTUREWEALTHTRADE.COM GROUP has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.futureluxespot.com.
Do not be fooled by the professional-looking website. Behind the scenes, FUTUREWEALTHTRADE.COM GROUP is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Clean UI|Social trading features
Cons: Mobile app could be improved|No fractional shares
The hidden fees at FUTUREWEALTHTRADE.COM GROUP are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: No hidden fees|Automated trading options|Smooth onboarding|Personal attention
Cons: Desktop app not available on Linux
I opened an account with FUTUREWEALTHTRADE.COM GROUP for 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: Competitive fees|Dedicated account manager|Good mobile app
Cons: Slow to add new assets
KYC with FUTUREWEALTHTRADE.COM GROUP is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Competitive fees|Good analytical tools|Two-factor authentication
Cons: Account statements could be more detailed|Nothing significant
I was contacted by FUTUREWEALTHTRADE.COM GROUP through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns