- The platform they use and show you is not a live platform, it is a demo account
- Original website I went through which was trading-academy.io who put me in contact with the wallstreetexchange.io has been taken down. This website offered trading courses, this was a scam who has taken money from people then shut down shop.
- They do not take credit card payments other then the first initial deposit, though their website says they do. Once this is done the only way to put money into your wall street account is to convert your money to crypto and send to their wallet – this is then untraceable. - They need to approve any withdrawals which helps them to keep a close eye on your account to ensure you are not withdrawing anymore then you invested. I invested over 50k and only took out 1.5k. They show you how to withdraw at the start and always get you to do a small amount to trust the process. Keep in mind they need to approve each withdrawal. This is unheard of in legitimate trading companies.
- One thing this company will also do is put “credit” in your account which appears they are doing you a favour though you are not allowed to withdraw anything whilst this is in there. This is a way that they can hold you to their platform for longer without being able to withdraw money. This credit is not real money – they put over 80k USD in my account which would not be sustainable for a company especially doing this for many clients.
- The account manager open trades on your account – this was my downfall. Once I told them I wanted to withdraw my investment and keep over 100k USD in the account to continue (which wouldn’t have been real money) they opened trades on my account which is how I lost it all. The frustrating thing for me is that the account managers are constantly talking about risk management and yet they are the ones who put the trades on my account which ended in me losing all my money. I would have thought that they would have taken into consideration that if the markets turned for the worst that all my money would not be in play and my account wouldn’t have been drained. In my opinion this was their way of taking my money and making it appear that I lost it legitimately through trading – I have read another count of this where this happened to another person also.
- They put you in a hedge position and tell you the only way you can get out of it is to invest more money
- They try to convince you to take out a loan – they tell you to tell the bank is for home renovations. (I have come across this on another person’s review also)
- The account managers always say they are busy with clients one after the other however if you are depositing money into the platform they have all the time in the world for you
- Call you from a different number and location each time
- Account managers for me were Andrew Klavan and Joseph Kent – I cannot wait until karma comes for these two
- They accept cryptocurrency only which is not traceable. See link below for more info as to why this is a common scam: https://www.forbes.com/advisor/investing/cryptocurrency/top-crypto-scams/
- See below for further reading into this company https://www.scamadviser.com/check-website/wallstreet.io https://www.forexbrokerz.com/brokers/wallstreet-exchange-review
This is a classic scam – they have gone so far so create fake news stories using reputable reporters showing how they made money which was through this company to suck you in.
All of the positive reviews on this website are FAKE.
11 months ago
thewallstreetexchange.io has a
3.0
average rating
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198
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