Wealth Standard Xchange (4×180.com) is a broker that will keep you in by blocking withdrawals. Despite claiming to help members achieve their financial dreams, this is just another scam. From the look of things, this is another offshore broker trying their luck. Thanks to our keen eye, we plan to expose the tricks used by such scam artists. There’s more to the website than meets the eye. Continue reading our eye-catching and vivid WEALTH STANDARD XCHANGE Review and get the truth.
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About Wealth Standard Xchange
There’s a call to start dreaming and never miss an opportunity to earn on their about us page. These are catchy phrases that would entice even standard traders. Before jumping in and signing up, there are a few issues to iron out.
The scam artists behind this platform have a way of making the website appear legit. First order of business was to create a compelling website with an aesthetically appealing design.
Wealth Standard Xchange is a broker that seems to think that no one does their homework. All their call for action won’t bear any fruits since they reside in St. Vincent and the Grenadines.
This is a haven for brokers who don’t want to follow strict industry regulations. And this gives the broker power to do what they want without any oversight. The risk of trading with this broker will solely lie on the member. It’s not worth your money or time.
According to their affiliate page, 4X180.com is claiming to offer multiple earning options. You have to register as an IB and start signing up more people to the platform. It’s not as easy as it sounds as their affiliate program does not pay.
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Most affiliate companies are shying away from the platform with good reason. With complaints from members on the rise, affiliate partners are left to clear the air on the broker’s viability.
Assets and trading instruments
On their asset and trading instruments page, we get to learn the available tradable assets. Five assets are up for grabs to anyone who signs up with the platform. These assets include Commodities, Crypto, FX Crosses, FX Majors, and Indices.
The broker only offers major currency pairs with no constant minimum spread. You can trade crypto using CFDs on one major currency, the US Dollar.
There’s no information as to who owns and runs this platform. And this points to an anonymous website. Anonymity is a risky partner in the online trading world. Anonymous websites will block access to your account without question.
Most of these scam artists prefer to remain anonymous to avoid prosecution. Once regulators try to investigate the platform, the brokers go under. It’s another reason why this platform is a risky alternative.
Comments and feedback from victims of 4×180.com
One of the biggest headaches is losing money and have no one to explain it. Nancy is currently facing this predicament as she deposited $4,000 with this platform. For the first week, she did notice that her account balance was increasing.
After a month, she decided to withdraw part of her deposit. That’s when the trouble started brewing as she now has no access to her account. The broker has completely shut her out from making any withdrawals.
Domain background (4×180.com review)
Brussels is the location where their IP is registered. The registrant’s name is not available, and the website is 416 days old as of publishing this post. According to their domain history, the website went live on February 14, 2020.
Their IP history shows a completely different story. There have been over 6 changes on their IP for the past six years. That means the broker has been opening and closing websites as they please. It’s no wonder 4×180.com is a short-term website.
Features of Wealth Standard Xchange
Wealth Standard Xchange offers users four account types. These accounts include Standard, Pro, VAR, and Mini. The entire website has no details on the minimum acceptable deposit for these accounts. We do notice that the account features are similar with no huge difference.
The leverage for all these accounts is set at 1:500, which is not acceptable. Industry regulators are putting a cap on maximum leverage at 1:30. The broker is making a huge mistake as the risk is not worth it.
Contact and support
With all their effort of designing an appealing website, it lacks a direct communication line. You won’t get a hold of support and make the live chat. Members must either email the broker or make a call which is hard to go through.
Most offshore brokers use virtual phone numbers with an automatic call agent picking calls. The broker wants to control the communication process.
Deposit and withdrawal
Depositing funds with this platform is easy and fast as the broker avails all avenues. You can deposit via bank transfer, Bitcoin, or wire transfer. Withdrawing funds with Wealth Standard Xchange is the biggest hurdle facing members.
For the past year, the broker’s website has been active, and no one has come out with proof of withdrawing from this website. That’s why you need to stay away from the platform.
The broker claims to use the MT4 trading platform, which is not the case. Nancy sent us a screenshot of her trading terminal, and it’s custom-made. Their web platform is not available as they claim it will be up soon.
These excuses mean that their platform does not offer advanced trading tools. It’s also possible that the broker might offer a desktop sharing platform to gather personal information. There’s no telling what these offshore brokers plan with your personal information.
Is Wealth Standard Xchange Licensed or Registered?
Wealth Standard Xchange is not a legit platform as they reside in St Vincent and the Grenadines. Offshore brokers prefer to be non-compliant so that they can dictate trading terms. And this leaves their members at the mercy of the unscrupulous broker.
There’s no way that the broker even follows simple regulations such as ensuring deposited get insurance cover.
Safety of funds with Wealth Standard Xchange
There’s no safety of funds from a broker who is non-compliant. Expect to see more complaints from members as the broker continues to block withdrawals. Without any license, we are sure that the broker does not segregate accounts. All funds go straight to their personal account.
Scam or legit Wealth Standard Xchange
Wealth Standard Xchange is a scam that is waiting to pounce on investors. These scam artists will try and use every trick in the book to get their hands on your hard-earned money. The best option is to stay away and use recommended experts. 4X180.com is a scam that we hope authorities will shut down soon.
We won’t recommend a broker that is clearly blocking access to member accounts.
Instead, we recommend using authentic trading experts with years of experience.
We wish every trader a profitable and safe trading experience.