Trading and Investment Company Wellmax
The company Wellmax positions itself as one of the leaders in trading and investment technologies. It was founded in 2015 and offers a wide range of financial instruments for trading, including currencies, stocks of major companies, precious metals, oil products, gas, stock indices, and other assets. The company reports serving over 15,000 active accounts, using over 200 trading instruments, and has received more than 30 awards for the quality of financial services.
Registration and Licenses
Official documents are not presented on the Wellmax website. There is no registration certificate mentioned, and there is no license from the Central Bank of Russia. Information about regulatory bodies and other documents confirming the legality of the company’s activities is not available.
Contact and Client Protection
For communication, employees of the company Wellmax use email and an online form. Investors are promised full protection of funds and data confidentiality. Each client can receive compensation of up to 50,000 euros from the Compensation Fund. The company is also a member of the European Financial Commission.
Trading Conditions
Wellmax offers various trading account options and bonus programs for clients. They can trade indices, cryptocurrencies, stocks, metals, and commodities upon registration. Cashback and bonuses on account replenishment are also provided.
- Entry – cost $250, spreads from 1.5 points, leverage 1:500, bonus up to 30%.
- Standard – cost $5,000, spreads from 1.2 points, leverage 1:500, personal manager services.
- Premium – cost $20,000, spreads from 0.8 points, leverage 1:400, bonuses up to 100%.
- VIP – cost $100,000, spreads from 0 points, leverage 1:200, exclusive services.
Wellmax also emphasizes the NDD service for direct trade execution in the market without a dealing center.
Deposit and Withdrawal of Funds
The company offers the use of various systems for depositing and withdrawing funds, including Visa, Mastercard, Bitcoin, Litecoin, Qiwi, Maestro. There is no set minimum initial capital, and the base currency is the US dollar.
Conclusion
Wellmax offers clients favorable conditions and various bonuses for trading and investing. However, the absence of official documents and licenses on the website raises certain doubts regarding legal support for clients.
My experience with Wellmax was highly disappointing. Their customer service was extremely unresponsive and unhelpful. When it was time to handle important transactions, there were inexplicable delays which caused significant inconvenience. Furthermore, their fees were not transparent and there were unexpected charges that were not explained clearly. The overall experience felt unprofessional and not trustworthy. Regrettably, I cannot recommend their service.