WiseFunds (Wisefunds.co) is another bane CFDs and Forex scam platform targeting unsuspecting investors. Wise Funds is claiming to be looking for masterminds to help shape the future. Ensure you stay away from this platform and never sign up as members are crying foul. With claims of never fulfilling their promises, this platform is simply ripping off investors who sign up. Make sure to read this genuine WISEFUNDS Review for more.
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The reason why we have to post this review is the number of victims who have fallen for this trap. What we thrive to accomplish is expose all aspects of their scam. With these scam artists using a cloned website, we thrive to protect all investors. Make sure to read reviews before signing up with any online trading platform. With reviews from experts, you will get to know more about a platform before committing any funds. WiseFunds is another online scam platform stealing from investors.
Professionals scam artists who create cloned website have one thing in common, making mistakes. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. Make sure to stay away from this platform as it will steal your funds, and personal information. WiseFunds is also in league with other third parties to sell vital information. Your information may be used to apply for online loans. With your name, address, and card details, what will stop them?
According to the disclaimer at the footer of their homepage, the platform is owned by a group of companies. One of the companies listed include Vaneda Partners Ltd which they claim is located in St. Vincent and the Grenadines. With this statement, they already give as an alert, they are offshore brokers. Offshore platforms are a nuisance to investors as they open and close shop without giving any notice. Never trust your funds with offshore platforms as it is likely a scam.
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Another disturbing feature with WiseFunds is anonymity. No platform has been able to hide from authorities. The problem with their mother company is lack of proper registration from the register of companies. Another issue we have with this platform is lack of any proper details regarding who owns the platform. It would be helpful to know the names of the founding members of this platform. Lack of such vital information is proof we are dealing with an unknown platform.
With the platform claiming residence in St Vincent and the Grenadines, license is an issue. To try and confirm their license status, we reached out to various online regulatory bodies. Some of the institutions we contacted included ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of these institutions has ever heard of this platform. With official bodies fully disclosing their stand, users should stay away. Anonymous and unregistered platforms will never safeguard your funds.
Why have they used a fake registration number which does not match any registration documents? These scam artists did not think it through as some people do actually want confirmation of registry. The numbers you see posted at the bottom of their homepage are random numbers. No regulatory body in the world has issued a trading license to Wise Funds. With this is as proof, it is clear WiseFunds is unlicensed and unregulated, make sure you stay away.
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No advantage can come out of an anonymous and unlicensed entity. Make sure to stay away from this platform as it will cost you more than money. With members crying foul, authorities will soon shut down this platform. A number of serious issues have risen with this platform. No license and registration document is proof we are dealing with a quack. Investors will never make any profit after dealing with offshore brokers. The best decision is to stay away and use expert recommended products.
WiseFunds is furnishing users with five different account types to choose from. Accounts listed include Basic, Bronze, Silver, Gold, and Platinum. The problem with these accounts is having different initial deposit. Basic account holders are required to deposit $1,000 or $250, which is it? It would seem these scam artists didn’t notice they double posted the minimum deposit price. And this is why we believe this is a rogue platform. Only rookies make such obvious mistakes.
Another problem with this platform is having a support staff that is never available. You would expect all platforms to offer ready assistance; this is why live chat exists. The problem with WiseFunds is they prefer to use emails. A huge disadvantage with emails is that they are one way communication channels. You will never get the help you need as response may take a while. Telephone number listed is ever busy and no one picks the call once they go through.
Another issue we have with this platform is lack of a demo account. Make sure to sign up with platforms which offer a demo account. Demo accounts are used by smart investors to test how well a platform behaves. Will the platform place trades on time? What are the features found on their trading platform? These are some of the reasons why you should stay away from these illicit platforms. A demo account is necessary to help you know more about a platform. It is why they fail to offer to users.
According to their homepage, WiseFunds is claiming to offer MT4 trading platform. MT4 trading platform is one of the best trading platforms to use. The main problem is Wise Funds does not properly secure their website from third party attacks. You would expect each and every website to have basic security software installed. With this platform, hackers can easily take over and steal vital information such as credit card details. Make sure to stay away from it or else risk losing everything.
When it comes to security of funds, WiseFunds is not able to deliver on it. Investors should make sure to use platforms which safeguard funds at all times. Members of WiseFunds are depositing funds straight to owner’s bank account. Never expect any compensation as the platform does not participate in a compensatory scheme.
With evidence as clear as daylight, Wise Funds is a scam to be avoided at all costs. From lacking a proper license to stealing from members, this is not your cup of tea. Mark all their emails as spam and never click on any links sent by their email marketing team. Stay away from this platform and never use any of their links as marketing promos. Warn your family and friends from engaging with their promotional team.
We will be adding this platform to our scam blacklist and ensure no one else falls for this trap.
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Wishing you a safe trading experience.
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