“Do not trust
From my experience this is not a trustworthy trading firm. Withdrawals of anything close or greater than your initial investment is impossible. Once you have transferred this company your money its as good as gone.”
“Do not invest with this company, they get you to invest as much money as you have, also ask you to get out loans from the bank. They have no intention of not only giving you back your initial investment but also and fake profits made.”
“Pro’s
- Account managers are knowledgeable of the market
- Training around understanding how to trade is good
- Account managers are easy to get a hold of via whatsapp
Con’s
- Platform is very clunky – some of the graphs do not reflect to current market rate – asked to have these fixed multiple times but it never happened.
- Platform also seems to be buggy – sometimes when opening a trade it does not work but it works when the account manager is opening it for you
- 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, in my opinion I believe 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 in my opinion 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.
- 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. It is very hard to get this credit removed (impossible sometimes). This credit in my opinion 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 no 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.
Red flags
- 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
- 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
Overall experience – Obviously, I would not reinvest with this company. The old saying of if its too go to be true, it usually is definitely relates to he high returns this company offers. If you are reading this and you have money invested with this company I would highly suggest to slowly take out your initial investment overtime – do not tell them that you plan to remove it all. Do not let them I open trades on your account, do not let them persuade you to trade any differently then how you currently are if what you are ding is working, do not let them put company funds in our account.”
