CheltonWealth.com Review

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Updated: Mar 21, 2024
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Recent User Reviews of CheltonWealth.com

D
DoResearch
New York, USA,
Mar 21, 2024,
Registered user

Lost $140,000 USD with Chelton Wealth

Service use: Live Length of use: over 1 Year
Below is the timeline of how I lost $140,000 USD with Chelton Wealth with Forex trading. It pains me to write this, but hopefully others will be cautioned. Keep in mind their websites and documents look very professional, but they are not licensed to perform any financial activity.

Jan 2021 - I Invested 160k into a managed account. Fund managers Robert Jan Teuwissen and Richard Corvenius.

Apr 2021 - I communicated that my account performance(down 5%) is different from fund performance(up 2%). Chelton Wealth blamed on software issue.

Oct 2021 - Chelton Wealth says the losses from my account are hedged, and the funds are in Chelton Wealth’s hedged account.

June 2022 - Account balance drops to around 70k, Chelton Wealth says that they are waiting for the market to correct itself.

Sep 2022 - Account balance drops to around 30k, Chelton Wealth says they are still waiting for the market to re-correct. When asked about the hedged account, they said it no longer exists.

Oct 2022 - Close my accounts with Chelton Wealth and withdrew what’s left of 160k, which is around 20k

Dec 2022 - Signed contract addendum with Chelton Wealth for loss compensation via "Fillmore Corporation Limited" fund account. Chelton Wealth will increment my account monthly, but account withdrawal is restricted until Oct 31, 2023.

Nov 2023 - I waited a year, and when I contacted Chelton Wealth, they Claimed that the fund they managed, "Fillmore Corporation Limited" was sold without providing evidence. I was speechless. Chelton Wealth would not communicate all all on how they will compensate me

Hindsight
1. Chelton Wealth’s fund’s performance numbers are fake.
2. After some research, Chelton Wealth nor the managers have any kind of financial license. So they are not allowed to take investor’s money.
3. They have social media, linkedin so everything looks quite legitimate.
4. They are multiple companies in different EU countries for fronts so that reporting to the authorities is difficult.
5. Loss compensation via Fillmore Corporation Limited fund is just a way to stall investors

To administrators, I can provide any proof you need of the said account with Chelton Wealth, emails, contracts, voice recordings, etc.
B
brianc88
Singapore, Singapore,
Jul 5, 2020,
Registered user

Fund Manager has kindly offered to compensate me for mistake

Service use: Live Length of use: 0-3 Months
Fund Manager has reached out to me to say that since it was a mistake from their side, they would compensate me.

I am heartened have a fund manager who has great integrity to pay for the losses arising from these technical (non-trade related) problems.

Will give them five stars once I receive the compensation

Jun 28, 2020 - No Rating I was too critical in my first review, hiccups happen to everyone.

What's important is what is done when unfortunate thing happen.

In the meantime, I am still talking to Chelton Wealth so my review should not have a rating.

Jun 21, 2020 - 1 Star Invested in Chelton Wealth as a supposedly regulated Swiss Fund Manager with decent results for April and May 2020.

Fund manager publicized nice profits for April and May, while my account was hit with losses of up to 15% within two months!

When asked why there was such a discrepancy, Fund Manager Robert Jan Teuwissen claimed that there were "Technical Problems" that caused the losses. Chelton Wealth refused to provide any evidence of their profits for April and May.

There are only two explanations for this disaster:
1. Fund Manager is reporting fake results (which he refutes)
2. Fund Manager is Grossly Negligent in handling client's live accounts:
-Using unproven programs to trade with client's real money
-After two months, still not being able to correct "Technical Problems" that continue destroying client's accounts.

This Find Manager's negligence has caused me losses of thousands of dollars. Try it at your own risk.