Wullex Review – High Tech Swindle

Wullex is a crypto currency trading institution which aims to serve the needs of the retail clients. They are supposedly a regulated corporation, but the facts points south about this aspect.

Many people recently have fallen prey to this swindle and are regretting their decision. The owners of this firm are operating in such a way that, it’s almost impossible to track them down.

We all know that the world of cryptocurrency provides everyone with a ton of opportunities. However, do not let the idea of making easy money blind you. Go through our full review to know how this scheme works in reality. Wullex Review

Company, Legality and Customer Support

Companies which offer high risk investment opportunities should be compatible with a large number of laws depending upon where they operate from. Nowadays, the crypto sphere is full of platforms which claims to make their users rich overnight.

Though, the government is doing its best, the regulation is years behind in this regard. This firm claims to be incorporated in Hong Kong and even features a certificate to prove that. Wullex Incorporation Certificate

These kind of things are convincing enough for the newbies. However, do note that, it is just a deceptive trick. There is a huge difference between being registered and being regulated.

Their way of misleading presentation is a huge red flag which should not be taken lightly. Moreover, their support team operates mysteriously and anonymously as well. The only way to interact with the customer support is via live chat. So, there is no way to trace them out.

Wullex Business Model

Wullex states that, their main goal is to make their investors rich by leveraging their knowledge. They only talk about the glorious side of the markets, but have not said anything about the risk it carries.

Moreover, they haven’t shown any trading history too. Cryptocurrency might be the disrupters of the financial system, but timing the market is always a tricky part. So, just because you saw a bunch of people who made money with Bitcoin, never dive into the sector blindly.

After all, if it was easy, then everyone would be rich. Since this platform does not offer free trial or demo accounts, it is better to not give them the benefit of the doubt.

Even the details about the traders and employees are unknown.  Ask yourself, if they truly have the kind of methodology they portray, would they offer it to the public for free?

Profits Advertised and Investment Schemes

Markets reward the people who have the necessary skills and patience. Remember the more long term you aim, the odds will be favorable to you. This platform claims to generate returns of up to 15% per day.

If you whip put your compounding calculator, this kind of returns would make you a billionaire within a year. Now, analyse the situation rationally, do you think it’s so easy to become rich? Obviously no, right?

Moreover, they charge more money by promising quicker returns as well. Do yourself a favour by resisting the tempting offers they showcase.

Affiliate Program

This company has to make as much revenue as they can before the law shuts them down. So, to do their dirty work, they rely on the affiliate program.

In simple words, they offer a revenue share to the marketers who provide this website with a consistent stream of traffic. Moreover, the affiliates do not carry any risk whatsoever, their only job is to create fake reviews, hype and get paid for doing so.

If you come across any platform which associate themselves with this firm, then click away from them.

Domain Details

With the help of alexa.com and whois.com, we gathered the following details about their website and audience.

Domain – Wullex.com

Registered On – 15/01/2019

Expiry – 15/01/2023

Alexa Global Rank – 37,174

Rank in Russia – 6,664

Target Audience – Russia, Brazil and Iran

Ponzi Structure and Lack of Transparency

Most of the newbies start dreaming about big things when they get the payment from the HYIPs. However, do note that, it is not at all sustainable over the long run.

These kind of fraud organisations utilize ponzi operational model. In other words, they use cash deposited by the new client to pay the old participants while keeping something on top for themselves.

As you can see, this way of doing business will have terrible consequences and is bound to fail. So, do not allow the easy money idea to clog your decision making process.

Moreover, looking at the way they operate, the people behind this firm seems to be professional scammers. Practically speaking the odds of them getting caught are near zero which means you will never get your money back once sent.

Wullex Review Conclusion

Wullex is a high tech fraud who have paid attention to small details to loot the public in the name of cryptocurrency. Everything about them is either misleading or outright false.

Investing with them will earn anyone a one way ticket to sorrow and regret. The only way to earn your way to riches is through skills and efforts. If you come across any shortcuts, then probably it’s just a trick to separate you from your money.

Have you lost money to Wullex.com Scam? If yes, then feel free to share your experience by commenting below.


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