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Switzerland
2017 (9 Years)
Last online: No recent activity
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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.
Get to know wee.com
Company Information
Get to know wee.com
Originally founded as a multi-level marketing company called FlexCom, the company rebranded and evolved into weeCONOMY. Its core business was a digital loyalty program where customers earned "wee" points (cashback) for purchases at participating online and offline merchants, which could then be spent within the network or redeemed for cash. The system was facilitated through a mobile app and a physical card. The company also launched a cryptocurrency-related project called "weeCoin" (WMA). However, the business faced significant controversy, including allegations of being a pyramid scheme and multiple regulatory warnings, ultimately leading to insolvency and liquidation proceedings in both Germany and Switzerland.
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