Broker Review

Unauthorised Firm Details

Name: Netwealth-invest.xyz
Website: www.netwealth-invest.xyz

The website netwealth-invest.xyz, accessible via the URL netwealth-invest.xyz, markets itself as an investment platform offering a variety of investment plans designed to cater to different levels of investors. These plans are categorized as Primary, Basic, Advanced, and Mega, each with varying minimum deposit requirements that range from £500 to £50,000. The platform advertises an unlimited maximum deposit amount, suggesting there is no cap on the funds investors can commit. According to their promotional material, netwealth-invest.xyz promises returns of up to 15%, which can be delivered on either a daily or weekly basis, depending on the specific plan chosen by the investor.

However, upon conducting a thorough investigation into the legitimacy and operational status of netwealth-invest.xyz, we discovered critical warnings issued by the Financial Conduct Authority (FCA), the regulatory body responsible for overseeing financial services in the United Kingdom. On January 10th, 2025, the FCA published a statement on their official website explicitly naming netwealth-invest.xyz and cautioning the public about its activities. The FCA’s advisory clearly states: “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.” This official warning from the FCA casts serious doubts on the regulatory compliance and trustworthiness of the platform and should be taken as a strong red flag for potential investors.

In addition to the FCA’s warning, netwealth-invest.xyz claims to be operating from a physical address located at “8 Mortimer St, London,” in the United Kingdom. While the provision of a UK address might lend an impression of legitimacy and reliability, it is important to note that any company conducting financial or investment activities within the UK must be authorized and regulated by the FCA to legally operate. The absence of such authorization indicates that netwealth-invest.xyz is functioning as an unauthorized financial entity, which poses significant risks to anyone engaging with the platform.

Further scrutiny into the domain registration details of netwealth-invest.xyz reveals additional concerns. The domain was registered relatively recently, on November 11th, 2024, with a registration period of only one year. This short-term domain registration often correlates with fraudulent or short-lived operations designed to quickly disappear after collecting funds. Moreover, the domain’s registration information is hidden behind privacy protection services, which obscure the true identity of the registrant or owning company. The lack of transparency regarding ownership and management details adds to the suspicion surrounding this investment platform.

Throughout the course of our investigation, we also uncovered numerous reports and complaints from users and third-party sources describing fraudulent activities associated with netwealth-invest.xyz. These reports have been posted on various verified review websites and online forums, indicating a pattern of scam-like behavior and dissatisfaction from individuals who have interacted with the platform. Such evidence further emphasizes the need for extreme caution and skepticism when considering any financial engagement with netwealth-invest.xyz.

In summary, netwealth-invest.xyz positions itself as a high-yield investment platform with enticing plans and high promised returns. However, it operates without FCA authorization, is flagged by official regulatory warnings, uses privacy services to conceal ownership, has a very recent and short-term domain registration, and has accumulated multiple allegations of fraudulent conduct. These factors collectively suggest that netwealth-invest.xyz is a high-risk, potentially fraudulent entity that should be avoided to protect investors from financial loss and scams.