Wall Street Traders Club (WSfxclub.com) offers asset management services to individual and institutional clients.
WStraderscub.com is claiming to trade a wide range of trading instruments which include Forex, Crypto indices and CFDs.
The minimum investment required to open a managed account with Wall Street Traders Club is $5000.
They charge 50% of your new profits (based on high water mark).
They work with brokers like Pepperstone, ICMarkets, Oanda, Forex.com and a couple of other popular brokers.
The company is currently operating from 40 Wall Street, New York City, New York 10005 and was registered in July 2019.
WSfxclub claims to be a group of professional traders who have invested in the Forex marketplace for 10 years now.
We’re not able to verify this claim because none of the traders have been introduced by name, plus their website WStraderscub.com is just 1 year old.
They claim that their business is fully transparent as clients can track account activity.
Other than this, they want potential clients to believe that Wall Street Traders Club has 200 investors currently.
If you’re already seeing the red flags, it is better to invest with these recommended options instead.
Is Wall Street Traders Club (WSfxclub) legit?
We cannot tell what this vendor’s investment strategy is.
They’ve published a vague statement on their website to describe what they do and how they trade.
Wall Street Traders Club proprietary, dynamically managed quantitative models are developed to trade currencies in the time of a market increased Volatility.
Those models are based on complex algorithms developed using extensive quantitative research, analysis and testing.Wstradersclub
The above statement does not describe their trading strategy in details.
In addition to this, WSfxclub have included their ForexFactory and myfxbook profiles for our viewing pleasure.
We didn’t find anything of value in both profiles. Their ForexFactory page only contains brief information about their service in addition to a few social media links.
On their myfxbook page, they failed to share with us any of their strategy so we could see the numbers and other details.
In other words, this is a team of anonymous traders with no verifiable track record.
Their investment opportunity can’t be legit.
We wouldn’t invest in this managed account services because it isn’t straightforward with their trading strategy and performance.
It is clear that individuals who put their hard-earned $5,000 into Wall Street Traders Club traders hands will go nowhere.
If you would like to trade Forex as a beginner or professional, we recommend services with verifiable track record which you can of course find here.