BrokersView has found that City Wealth appears to be a scam City Wealth only claims to be registered in Saint Vincent and the Grenadines on its website. While we can find a matching company in the Financial Services Authority (FSA) registry of Saint Vincent and the Grenadines, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. Furthermore, City Wealth is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, City Wealth appears to be a scam.

City Wealth, is this platform reliable? Dear Investor, City Wealth has not provided any reliable regulatory or licensing information, merely claiming that its company, City Wealth Group Limited, is registered in Saint Vincent and the Grenadines. While our investigation confirms that this company is indeed validly registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, please be advised that this merely signifies its incorporation as an International Business Company (IBC) and does not mean it holds any valid licenses. The SVG FSA does not regulate forex trading, nor does it issue licenses to forex brokers. In reality, City Wealth operates without any valid regulatory oversight. This indicates that the platform provides no security for investors and poses an extremely high risk. Therefore, we strongly advise you to avoid having any transactions with this platform to protect your financial security. View Source