Wisewealth: A Scam Broker Review
Wisewealth.ai presents itself as a global trading platform offering opportunities for retail and institutional investors. However, beneath the veneer of professionalism and innovation lies a deceptive scheme. This review exposes Wisewealth as a scam broker and urges caution against investing with them.
Is Wisewealth Legit or Scam?
Absolutely not. Wisewealth is a proven scam, confirmed by multiple regulatory bodies:
- Unregulated Broker: No credible financial authority licenses Wisewealth. This lack of oversight raises serious concerns about the platform’s legitimacy and the safety of your funds.
- Blacklisted in Multiple Jurisdictions: The Financial Markets Authority (FMA) of New Zealand, the National Securities Market Commission (CNMV) of Spain, and the Commissione Nazionale per le Società e la Borsa (CONSOB) of Italy have all issued warnings against Wisewealth.
- Negative Client Reviews: Numerous user reviews on platforms like Trustpilot highlight their fraudulent practices, including stolen funds and compromised data.
Company Overview
Regulated by: | Unregulated Broker |
Is This Company Safe? | No, the public alerts serve as solid proof of untrustworthiness. |
Known Websites: | |
Have Warnings from: | FMA, CNMV, CONSOB |
Registered in: | N/A |
Operating since: | 2023-08-21 |
Trading Platforms: | Web |
Maximum Leverage: | N/A |
Minimum Deposit: | N/A |
Deposit Bonus: | 100% Bonus USD Credits |
Trading Assets: | Forex, Crypto, Stocks, Commodities, Indices |
Free Demo Account: | Not available |
How to Withdraw from This Company? | You won’t be allowed to take your deposit back unless you look for legal support. Luckily, we provide it and you can contact us any time for help and advice. |
Services or Products
While claiming to offer Forex, Crypto, Stocks, Commodities, and Indices, there’s no evidence of actual trading or underlying assets.
If you have lost money to companies like Imperial or FVP Trade; please report it to us on our report a scam From
Trading Platform & Leverages
Wisewealth boasts an MT4 platform but delivers an unresponsive, non-functional web terminal. Leverage information is unclear, with only a default 1:10 option mentioned.
Spreads and Cost of Trading
The platform lacks transparency regarding spreads and commission fees, raising a red flag for hidden and unexpected charges.
License and Regulations
Wisewealth is not licensed or regulated by any reputable financial authority. This means:
- No protection for your funds: In case of dispute, you have no legal recourse to recover your money.
- Unfair trading practices: The platform can manipulate prices and engage in other unethical activities without consequences.
Legal Warning Against Wisewealth
Regulatory bodies like the FMA explicitly warn against Wisewealth, stating they operate illegally and pose a risk to investors.
Deposit and Withdrawal Methods
Wisewealth claims to offer credit card withdrawals, but the process is shrouded in secrecy, with hidden fees and unexpected conditions likely.
Wisewealth Pros and Cons
Pros | Cons |
None | Unregulated, blacklisted, unresponsive platform, hidden fees, non-existent customer support |
Why Dealing With An Unlicensed Broker Is Risky
Investing with an unlicensed broker like Wisewealth is inherently risky:
- Loss of funds: With no oversight, your money can be stolen or vanish without recourse.
- Market manipulation: Unregulated platforms can manipulate prices and trading conditions to your disadvantage.
- No legal protection: If they breach agreements or commit fraud, you have no legal grounds to fight back.
Client Feedback
Numerous user reviews expose Wisewealth’s fraudulent practices. Clients report stolen funds, compromised data, and unresponsive customer support.
How Can “Reviewsadvice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to scammers can be difficult. However, seeking legal advice and collaborating with chargeback professionals may offer some hope. Our professionals will provide you with a free consultation and recovery service recommendations to help you recover the lost funds or You can report to us today by the below form
File A Complaint Against Scammers
Final Thought
Wisewealth.ai is a dangerous scam masquerading as a legitimate trading platform. Their lack of regulation, negative reputation, and deceptive practices expose their true intentions. Do not invest with Wisewealth. Instead, seek reputable, licensed brokers to safeguard your hard-earned money and ensure a fair trading experience.
