Wisefunds Review : Fees, Pros and Cons, Reviews by Real Traders

Wisefunds

Operating status: SCAM

Website: http://www.wisefunds.uk

Broker violations and abnormal records

Jul 04, 2022 The UK FCA Added Wisefunds into Its Warnings
On July 5 2022, United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Wisefunds is a clone firm using the details of firms UK FCA authorise to try to convince people that they work for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/wisefundsuk-clone-fca-authorised-firm

On July 5 2022, United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Wisefunds is a clone firm using the details of firms UK FCA authorise to try to convince people that they work for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/wisefundsuk-clone-fca-authorised-firm
Jul 05, 2022 Brokersview has Reviewed that Wisefunds is an Unregulated Forex Broker
Wisefunds claims to be a trustworthy broker established in 2020. However, we checked its domain and found it was registered in 2022. How could it start trading in 2020? It is a red flag.
Wisefunds also claims to be a UK-based entity. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). Then we searched UK FCA and found the regulator issued a warning that Wisefunds is a clone firm using the details of firms UK FCA authorise to try to convince people that they work for a genuine, authorised firm.
That means Wisefunds is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

Wisefunds claims to be a trustworthy broker established in 2020. However, we checked its domain and found it was registered in 2022. How could it start trading in 2020? It is a red flag.Wisefunds also claims to be a UK-based entity. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). Then we searched UK FCA and found the regulator issued a warning that Wisefunds is a clone firm using the details of firms UK FCA authorise to try to convince people that they work for a genuine, authorised firm. That means Wisefunds is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
Jul 07, 2022 BrokersView has found that Wisefunds is not working
On 8 Jul 2022, BrokersView found the domain http://www.wisefunds.uk is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

On 8 Jul 2022, BrokersView found the domain http://www.wisefunds.uk is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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