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WiseTrade
Operating status: SCAM
Broker violations and abnormal records
WiseTrade fails to provide essential regulatory disclosures typically required of legitimate forex brokers. It merely states that WiseTrade Limited is registered in the United Kingdom. However, upon verification with the UK’s Financial Conduct Authority (FCA), we found no record of WiseTrade Limited being authorized or regulated to offer financial trading services. This means the platform is not permitted to conduct brokerage activities in the UK under FCA supervision.
Given the absence of credible regulation and the associated high risks, we consider WiseTrade as a fraudulent broker.
WiseTrade fails to provide essential regulatory disclosures typically required of legitimate forex brokers. It merely states that WiseTrade Limited is registered in the United Kingdom. However, upon verification with the UK’s Financial Conduct Authority (FCA), we found no record of WiseTrade Limited being authorized or regulated to offer financial trading services. This means the platform is not permitted to conduct brokerage activities in the UK under FCA supervision. Given the absence of credible regulation and the associated high risks, we consider WiseTrade as a fraudulent broker.
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