Company Information

Get to know wkralert

WKRA LERT presented itself as an online broker for retail traders, primarily focusing on the forex market. The company's website, wkralert.com, was registered in January 2023 and became inaccessible within the same year. The firm operated without any known financial license or regulatory oversight, leading to a public warning from Spain's financial regulator, the CNMV. Due to its unregulated nature and subsequent shutdown, it is widely considered to have been a fraudulent or scam operation.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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wkralert

Name: wkralert
Address: NL

Netherlands

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.