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Wise Tradefx

Operating status: SCAM

Website: https://wisetradefx.com/

Broker violations and abnormal records
  • Jul 20, 2022 BrokersView has Reviewed that Wise Tradefx is an Unregulated Forex Broker

    Wise Tradefx is not a reliable broker for traders even though it states offers that look good to be true. Wise Tradefx claims to be authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to Wise Tradefx in Seychelles FSA. The regulation information is a false statement for unsuspecting traders. 

    Besides, Wise Tradefx shows its office addresses in the United Kingdom and the United States. According to the relevant national laws, we searched among the following regulatory bodies：

    1) the UK Financial Conduct Authority (FCA);

    2) the US National Futures Association (NFA).

    However, we did not find any match results to Wise Tradefx in the above watchdog's registries. That means Wise Tradefx is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Wise Tradefx is not a reliable broker for traders even though it states offers that look good to be true. Wise Tradefx claims to be authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to Wise Tradefx in Seychelles FSA. The regulation information is a false statement for unsuspecting traders. Besides, Wise Tradefx shows its office addresses in the United Kingdom and the United States. According to the relevant national laws, we searched among the following regulatory bodies：1) the UK Financial Conduct Authority (FCA);2) the US National Futures Association (NFA).However, we did not find any match results to Wise Tradefx in the above watchdog's registries. That means Wise Tradefx is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Aug 01, 2022 The Seychelles FSA Added Wise Tradefx into Its Warnings

    On 2 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Wise Tradefx is not being regulated by the FSA nor has it been in the past. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-wise-trade-fx

    On 2 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Wise Tradefx is not being regulated by the FSA nor has it been in the past. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-wise-trade-fx
  • Nov 23, 2022 BrokersView has found that Wise Tradefx is not working

    BrokersView found the domain "https://wisetradefx.com/" currently is not working. Even though this broker claims it is updating, but as most probably it was suspended and it is always a bad sign when a broker's website is suspended.

    BrokersView found the domain "https://wisetradefx.com/" currently is not working. Even though this broker claims it is updating, but as most probably it was suspended and it is always a bad sign when a broker's website is suspended.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.