Pride Wealth
We checked Pride Wealth against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Pride Wealth claims to be authorized by the Financial Services Regulatory Authority (FSRA) in Saint Lucia, is a licensed broker located in Dubai, U.A.E., which offers a range of investment products to traders, including forex and CFD instruments for trading in global markets. Upon investigation, we found that Pride Wealth Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, Pride Wealth's financial services for forex trading are not legitimate. However, Pride Wealth is also not authorized and regulated by the DuBai Financial Services Authority (DFSA), the Central Bank of U.A.E.(CBUAE), the Securities and Commodities Authority(SCA) in the United Arab Emirates. The truth is that Pride Wealth is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws. Pride Wealth is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Pride Wealth.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.