Cutting edge technology combined with traditional banking practices is how this alleged investment scheme makes sure you fulfill your trading goals. As if establishing a secure source of passive income was a child’s play, this sham will have you believe nothing is easier than risky Forex trading.
However, it appears that FINMA – the Swiss regulatory body wouldn’t agree with their words on being the world’s leading trading platform. As a matter of fact, leading financial institutions have nothing positive to say about this evident sham. Read this BraxtonWM review to find out what is hidden behind the expensive, deceptive promises.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | No, FINMA warns about this company being a fraud! |
| Known Websites: | braxtonwm.com |
| Have Warnings from: | FINMA |
| Registered in: | Switzerland (alleged) |
| Operating since: | 2023 |
| Trading Platforms: | Webtrader |
| Maximum Leverage: | 1:1000 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Currencies, Stocks, Indices, Commodities, Cannabis, ETFs, Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | If these scammers won’t release your assets, request assistance from our chargeback experts! |
What FINMA Has To Say
The BraxtonWM scam, previously known as Braxton Wealth Management, advertises their services as a miraculous technological solution for all your investment dreams. Allegedly based in Switzerland, this firm doesn’t have the necessary regulations and certificates to engage in the business of providing online financial services.
Not only are they unlicensed, but they’re confirmed as a scam by FINMA – the jurisdictional licensing institution. As it seems, the firm has never entered the commercial register, which means they’re ultimately unsafe for investing.
Similarly to this scheme, Argon Financial also operates without legal supervision and doesn’t provide the mandatory safety measures, risk-reducing strategies and compensation plans.
Fake Reviews Flood The Net
Many of these faux companies, including MyProfitLive, actively abuse online reviewing platforms to artificially inflate their reputation. This is done through review seller networks, which are by themselves shady organizations, operating against the rules of these websites.
No platform is truly safe, and we can see the influence of paid reviews skewing the truth on SiteJabber. Since there are virtually no positive comments on TrustPilot, we can see the importance of cross-referencing these platforms before choosing your broker.
How The Scam Implements
We had to consult with WhoIs to find out that the braxtonwm.com domain was started in April 2023. Our website analysis tool determined that the majority of traffic originates in these areas:
- Canada
- United Kingdom
The review seller networks don’t only work on ratings websites. We can see a plethora of misleading comments on other platforms as well, including Youtube, LinkedIn and LinkTree.
Once a victim has been targeted, one of the firm’s many boiler room agents swoops in to seal the deal. These agents work through phone and online chat services, where they persuade the victim into investing.
The invested money ends up stolen by this illicit firm, but you may still recover it with help of our professional team.
Examples Of Law Breaking
One of the hints of illicit practices are certainly the trading circumstances. For one, maximum leverage available for the priciest account is 1:1000, which is unallowed in the EEA.
Furthermore, other trading parameters like spreads and trading commission aren’t even revealed, and traders are kept oblivious of what they may be asked to pay for.
Overview Of Trading Features
To an inexperienced trader, some of the offers on the website seem lucrative and opportunistic. This is just a play on the psyche, as with many other illicit firms.
Examining the trading environment in some detail, it’s obvious that nothing is as advertised on the site. The trading platform is quite basic, and the live trading accounts are incredibly costly.
Trading Platform Availability
BraxtonWM platform is a simple web trader. This particular software integrated different charts, tickers, trading signals and even social trading widgets from TradingView.
It’s all just smoke and mirrors, intended to attract attention with shiny graphics rather than substance, however. Schemers are known to use this webtrader app to edit the market data, and make all their clients lose money rapidly.
Market Portfolio
As the trading software suggests, these are the available financial products to buy and sell:
- Currencies (EUR/USD, EUR/CHF, USD/JPY)
- Stocks (Amazon, Google, Tesla, CAT, Intel, Nvidia)
- Commodities (Silver, Gold, Natural Gas, Sugar, Coffee)
- Indices (Nasdaq, S&P500, CAC40, HK50, FTSE100)
- Crypto (BTC, ETH, LTC, OMG, BCH, XRP, ZEC)
- ETFs (SPY, QQQ, LIT, KBE, GLD, BITO, SLV)
- Cannabis (ABBV, MO, APH, ARNA, CRBP)
Incredibly Costly To Fund
BraxtonWM account types are live trading tiered accounts, with no demo. Higher tiers are quite a bit more costly, and seem to offer a myriad of different perks like higher leverage, access to premium tools and advanced education.
Here’s an overview of minimum deposits:
- Self-Managed Account – $250
- Silver Account – $10,000
- Gold Account – $25,000
- Diamond Account – $75,000
- Platinum Account – $150,000
- Elite Account – $250,000
Education Center
Beginners don’t really get a chance to thoroughly be informed and learn from a rich source of educational materials. All this alleged learning academy offers to newbies is a short introductory article on the basics of Forex.
The same goes for the subjects of trading risks and trading psychology. There’s a hint of webinars being available, but you have to first pay to find out.
Illegal Financial Channels
The payment channels with this broker are not compliant with the international AML regulation, as the investments and payouts are handled through different channels. Deposits may only be done through bank cards, while withdrawals are done through bank wires and cryptocurrency transfers.
The company doesn’t precisely disclose the BraxtonWM withdrawal policy either. The little info that does exist is all carefully spinned, and cocooned into weasel words for good measure. If this firm proves unwilling to pay your earnings, contact our legal professionals to file a chargeback.
24/5 Support – Is It Active?
From the looks of it, it didn’t seem to us as if BraxtonWM support crew was interested in communicating or problem-solving. Despite the several phone numbers, email and an online form, contacting this platform is a pain. It is apparent that the swindlers only want to leave an impression of having diligent client service, nothing else.
Got Mishandled By Swindlers? We Got A Solution!
This broker has nearly nothing to offer but empty promises and false advertisements. It is not regulated, they are not transparent when it comes to fees, and their trading environment is ramshackle at best. So much for revolutionary technology and knowledge.
We don’t recommend dealing with these sorts of faux companies. Investing with them is quite risky, as they are more than likely to steal your money. If you’ve been burned by these professional con artists, you may rely on our chargeback experts to get your funds back.
FAQ Section
What is BraxtonWM?
This is a criminal organization focused on stealing investments, as confirmed by FINMA.
Is Braxton Wealth Management a Legit Broker?
No, because the brand doesn’t own a mandatory license.
Can I Recover Money Stolen in a Trading Scam?
Fortunately for you, yes. As long as you contact our legal experts promptly, we can help you get your capital back from financial swindlers.
