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The WikiFX Score of this broker is reduced because of too many complaints!

Wealthengine

Australia | 1-2 years |
Suspicious Regulatory License | Suspicious Scope of Business | Australia Appointed Representative(AR) Revoked | High potential risk

https://h5.wealthengine.me/#/

Website

Rating Index

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https://h5.wealthengine.me/#/
The WikiFX Score of this broker is reduced because of too many complaints!
Warning: Low score, please stay away!
2025-09-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
5

Basic Information

Registered Region
Australia
Operating Period
1-2 years
Company Name
Wealthengine

FX2018732018

Unverified

Bangladesh

This wealth engine is a fraud platform. I have invested from sep 2024. But 2nd Feb 2025 all my wealth lossed. They compensate and i believed them so i have worked. Totally all of my money have been lost. After 13th march 2025 they request to deposit 100USD and then they went offline. Please help. Are there any way to back in online again.

Exposure

05-18

FX1097238837

Unverified

Algeria

The fraudulent platform closed the withdrawal and then closed it again. Where is the compensation?

Exposure

04-24

Mando8414

Unverified

Algeria

Robo, Fraud. They alleged hacking and asked for a deposit of $100 to authenticate accounts. After depositing and following instructions, they shut down the platform, and I have no way to recover my money, over $1,400.

Exposure

04-21

FX2168426609

Unverified

Saudi Arabia

The account was frozen, the platform shut down, and we were not compensated. Moreover, there was no response from the platform.

Exposure

04-14

FX2729820354

Unverified

Algeria

We've been defrauded and robbed of our money by this trading platform, which shut down without prior notice. Before that, they'd frozen all our balances. How do we claim compensation, and is there any update regarding the platform?

Exposure

04-11

FX3850539310

Unverified

Spain

Hello, this app scammed many of us. It started in June of 2024 and by February 1st it crashed with many people suffering losses. They put two signals for trading and on March 17, 2025, they claimed to be victim of a hacking attack that stole 12M USDT, resulting in our funds being frozen. They said we had to deposit 100USDT to start trading and unfreeze the funds by March 25th. Once this date arrived, they demanded a deposit of 10% of our funds to ensure we were real people and to release our money. Finally, the app stopped working completely, everything became blank. They ripped off many people and stole thousands of dollars. If you don't believe me, look up the app name on Facebook, there're groups about it.

Exposure

04-07

FX3679862058

Unverified

Morocco

They froze my money and then the podium relations and you didn't want my money, did you have set me up?

Exposure

04-07

FX3097288058

Unverified

Algeria

The fraudulent platform froze all our funds and scammed us.

Exposure

04-06

FX9272447482

Unverified

Algeria

Everyone was scammed by the wealth engine platform, freezing all user assets and asking for a deposit of $100 Please consider this issue

Exposure

04-06

FX2666105810

Unverified

Algeria

The platform stole our money and vanished.

Exposure

04-06

FX8771145292

Authenticated
Unverified

Algeria

I've been scammed, defrauded, victim of mentioned theft, my funds got frozen, and this criminal broker just disappeared.

Exposure

04-06

Mando8414

Unverified

Algeria

This broker has stolen $1437.82 from me and this is not the first time. I demand that their license and any means of operation be revoked so they can't continue robbing more people. First, they stole on February 2nd by shutting down the system causing many people to lose money. Then on March 17, they claimed to have been victims of hackers and asked users for $100, only to disappear afterwards. Currently, there's no way to access the platform to withdraw our money.

Exposure

04-05

FX2825181200

Unverified

Pakistan

Please unfreezing my account

Exposure

04-03

FX1002308674

Unverified

Pakistan

Please unfreezing my account

Exposure

04-03

FX3324947341

Unverified

Pakistan

Wealth Engine has done a huge scam with me. They froze my $1190, made me invest $100, and ran away.

Exposure

04-03

FX1710420929

Unverified

Morocco

Dear WikiFX Support Team, I am writing to formally lodge a complaint against the trading platform wealthengine, which has defrauded me and many other users of over $6,000. The platform ceased operations without prior notice after collecting all available funds, leaving its users with significant financial losses. This fraudulent scheme has affected numerous individuals, including myself and several friends, who trusted the platform with our investments. We kindly request WikiFX to intervene and escalate this issue to the relevant regulatory authorities overseeing this platform. Our primary goal is to recover our lost funds and hold those responsible accountable for their actions. I sincerely hope for your assistance in addressing this urgent matter. Please let us know if you require any additional information. Best regards

Exposure

04-01

FX2736037032

Unverified

Guinea

I come to you to file a complaint against wealth engine for scamming me

Exposure

03-30

Steven Cabascango

Unverified

Ecuador

Hello, after the closure of wealthengine, does anyone know how or has been able to recover their "frozen" funds?

Exposure

03-30

FX5639647612

Unverified

Pakistan

We were trading on WealthEngine trading app but firstly WealthEngine frozen our funds and then asked us to deposit 100$ to unfreeze the frozen funds we also deposit 100$ but wealth engine didn't unfreeze our funds and then asked us to deposit 10% our frozen funds which we couldn't afford plz ask WealthEngine to withdraw our funds, now wealth engine app is closed from 26th March 2025....There is no any response by WealthEngine app

Exposure

03-29

FX1646229818

Unverified

Pakistan

no give withdrawal and run away My all amount freeze and no give withdrawal 😭 I need very much of my amounts

Exposure

03-29

224
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Website

wealthengine.me
172.67.205.174
Server Location
United States
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Wiki Q&A

Sam35
Within 1 year

Which trading platforms are offered by Wealthengine? Do they support MT4, MT5, or cTrader?

WikiFX Reply
As a seasoned forex trader, I always begin my broker assessments with a thorough regulatory check and careful attention to actual user experiences. With Wealthengine, I very quickly noticed several critical issues that raised major red flags for me. Foremost, there is no clear, trustworthy information indicating support for industry-standard trading platforms like MT4, MT5, or cTrader. This absence is concerning—any reputable broker usually highlights such features openly, as these platforms are widely preferred for their transparency, reliability, and established track records. What I encountered instead were numerous, highly alarming user reports alleging that Wealthengine repeatedly froze funds, blocked withdrawals, and ultimately went offline after soliciting additional deposits promising to "unfreeze" user assets. In my experience, legitimate brokers with proper licensing and oversight do not hide their platform offerings or engage in patterns like restricting access and demanding extra payments in this way. For me, the inability to find evidence of established trading platform support, combined with the overwhelming complaints and risk notices, is a decisive reason to avoid engaging with this broker altogether. Personally, I would never trade with a broker that fails to be transparent about core aspects like supported trading platforms. The potential risks to both funds and personal data are simply too great in such an uncertain environment.
Broker Issues
Wealthengine
Leverage
Instruments
Platform
Account
08-30
United States
Abu00saeed
Within 1 year

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil using Wealthengine?

WikiFX Reply
Speaking as someone who relies on thorough due diligence before using any broker, I would exercise extreme caution with Wealthengine, especially regarding access to trading particular assets such as Gold (XAU/USD) and Crude Oil. Based on my review of the available data, Wealthengine does not have any verified or transparent regulatory status; in fact, multiple warning signs suggest serious risk. Their regulatory licensing has been flagged as suspicious and even revoked in Australia. Furthermore, the platform is repeatedly described by users as having frozen accounts, halted withdrawals, and then shut down entirely, leaving clients unable to access their money. There are widespread reports of user funds being locked after requests for additional deposits, followed by the disappearance of the platform altogether. I find little credible evidence that Wealthengine legitimately offered trading in major commodity assets like gold or crude oil—nor can I verify that positions in such assets would have ever been honored if profits were made. For me, a fundamental prerequisite for trading sensitive instruments like XAU/USD or oil is the broker’s transparency, clear asset lists, and proven regulatory oversight—all of which Wealthengine appears to lack. In summary, it is neither safe nor realistic to expect secure trading—or any genuine access—to assets like gold or oil through Wealthengine. The overwhelming risk of loss and history of unresolved complaints make this platform entirely unsuitable for any asset trading, let alone high-value instruments.
Broker Issues
Wealthengine
Leverage
Account
Platform
Instruments
07-17
United States
tabawan_dreamer
Within 1 year

Which types of trading instruments does Wealthengine offer, such as forex, stocks, indices, cryptocurrencies, or commodities?

WikiFX Reply
Based on my thorough investigation and personal experience as an active trader, I found it extremely difficult to verify exactly which trading instruments Wealthengine offers. Unlike most legitimate brokers that clearly publish their instrument lists—forex, stocks, indices, cryptocurrencies, or commodities—Wealthengine provides no transparent information on their official platform or in the available documentation. For me, this is an immediate red flag, as a trustworthy broker should always be clear about what products are accessible so traders can make informed decisions and manage their risk accordingly. What really solidified my cautious stance was the extensive negative feedback from real users, many detailing substantial losses, frozen accounts, and lack of basic platform transparency. Not only was there no mention of instrument availability, but the suspicions around their revoked regulatory status raise further concerns regarding whether they ever genuinely offered regulated access to financial instruments. In my view and based on the evidence, I could not confirm that Wealthengine reliably provides access to forex, stocks, indices, cryptocurrencies, or commodities. As a trader, I personally would avoid any broker where the basics—such as a clear, verifiable range of trading instruments—are not fully transparent. In my experience, this level of ambiguity poses unacceptable risk.
Broker Issues
Wealthengine
Leverage
Account
Platform
Instruments
06-16
United States
QM Trader
Within 1 year

Does Wealthengine offer a swap-free Islamic account option for its traders?

WikiFX Reply
From my experience and after a thorough review of available data, I have found no reliable or verifiable indication that Wealthengine offers a swap-free Islamic account option for its traders. What stands out immediately is the total absence of basic transparency and regulatory legitimacy; the platform operates without recognized supervision, its appointed representative status in Australia has been revoked, and its business license verification remains highly questionable. These are immediate red flags for anyone valuing safety and compliance in their trading environment. Further, all credible platforms offering specialized account types like swap-free Islamic accounts typically publicize these features to attract and inform prospective clients. In contrast, Wealthengine’s lack of clear, accessible information on account types—including Islamic account provisions—raises a significant concern. My personal view is that any broker unable or unwilling to explicitly state its account features, particularly in the context of overwhelmingly negative user experiences and reports of inaccessible funds, should be avoided for any trading purpose. For me, trust begins with transparency, and Wealthengine fails this basic test. Without comprehensive, official details, I would not risk trading on this platform, let alone expect compliant Islamic account options.
Broker Issues
Wealthengine
Platform
Account
Leverage
Instruments
04-10
United States
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