Wise Crypto Capital Review – It Would Be Very Wise To Avoid This Con
Wise Crypto Capital pretends to lead the way to worlds markets and most profitable trading with their technological solutions and a variety of tiered packages. What the broker fails to mention is the fact that they operate without any valid Forex license.
The following Wise Crypto Capital review presents solid proof of that, so read on if you wish to protect your capital from this convincing con.
|Regulated by:||Unregulated Broker|
|Is This Company Safe?||No, without a license, this broker is not safe and shouldn’t be trusted!|
|Have Warnings from:||CSA, OSC, CONSOB, IOSCO, CONSOB|
|Registered in:||UK (alleged)|
|Trading Assets:||Forex, Crypto, CFDs on Indices, CFDs on Stocks, CFDs on Commodities|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||In case of withdrawal obstacles, contact our legal experts immediately!|
Verified As Scam
Wise Crypto Capital operates two domains: wise-cryptocapital.com and wisecryptocapital.com. Both of the domains operate without license and have been blacklisted by several authorities: CONSOB, CSA, OSC, and IOSCO.
Although the firm is headquartered in the UK, FCA has no record of their existence. The fact that the broker operates two fraudulent domains and doesn’t hold a valid online trading license makes them extremely dangerous in every single aspect. Investors don’t have their funds placed in segregated bank accounts.
Furthermore, strategies like compensation funds and risk-reducing measures aren’t ensured. In the end, the trading conditions at Wise Crypto Capital prove AML and regulatory breaches too.
Many Victims Around The World
Both fraudulent sites, wise-cryptocapital.com and wisecryptocapital.com were initially launched in 2022.
The fraudsters are most active in these countries:
- United Kingdom
Many of these faux companies including CMMCI Securities rely on their boiler room agents to get new clients. Wise Crypto Capital agents take the phone and go through the phonebook.
These smooth talkers pretend to be professionals, coming from a reputable company to offer incredible investment plans. The bubble bursts once the victim tries to withdraw, however, and they show their true face.
Our legal experts are experienced with resolving cases of online frauds, contact us today and book your free consultation.
Bad Reviews Show True Nature
All of the reviews about Wise Crypto Capital we found online were about their previous domain, wisecryptocapital.com . While there were some positive reviews posted earlier, these were all fabricated by review seller networks.
Once the wisecryptocapital.com was found out about, however, the fraudsters dropped domain like it’s hot. Now, virtually every review on TrustPilot and Sitejabber is a warning message posted by victims who got burned.
Trading Conditions As Hallmarks Of Scam
The distinguishing characteristic of a scam offer also present on the Wise Crypto Capital website is the absurdly high leverage. In strictly regulated countries, this ratio sits at 1:30 and 1:50 maximum. With this con, the more you pay per account, the more the leverage increases, up to 1:1000.
Trading costs remain undefined. Spreads for all accounts are labeled as “standard” spreads which could mean a lot of things. The lack of transparency in this aspect of their offer is another regulatory breach.
Financial swindlers are known to attract victims by offering deposit bonuses. Wise Crypto Capital offers something slightly different – up to 100% trading bonus.
This is yet another sign of the broker breaking the regulatory rules in the UK that do not allow bonuses at all. For that reason, you can expect the fraudster to misuse these to extort more money from you.
Vaguely Presented Trading Features
Without concrete evidence of their presence, the Wise Crypto Capital features are just advertised as advanced and user-friendly. With no access to the platform, you won’t be able to verify any of the claims about its excellence. Furthermore, the pricey account types also cannot guarantee that they indeed equip you with the marketed tools and features.
Zero Proof Of Platform Functionality
The Wise Crypto Capital platform is inaccessible, unless you’ve previously created an account. No new accounts could be purchased as of now, so only the existing customers can use it.
The web presentation doesn’t allow you to preview or test the two versions of the alleged proprietary app- web trader and mobile software.
Selection Of Trading Assets
While Wise Crypto Capital mainly puts crypto trading in focus, they also supposedly allow trading on several other product classes:
- Forex (EUR/USD, EUR/CHF, USD/GBP)
- Crypto (BTC, ETH, LTC)
- CFDs on Indices (DAX, AUS200, FTSE)
- CFDs on Commodities (Coffee, Sugar, Gold)
- CFDs on Stocks (Boeing, 3M, Disney)
Live Trading Accounts
The trading account types at Wise Crypto Capital are tiered, like with the Forex Trading Market scheme.
These allegedly provide better trading conditions such as increased leverage and larger trading bonus, both of which are illegal in many regions.
The accounts themselves are more costly than the current industry average, with no demo:
- Basic – $250
- Silver – $10,000
- Gold – $25,000
- Platinum – $50,000
- Diamond – $100,000
- Premium – $250,000
No Withdrawal Is Possible
Wise Crypto Capital is notorious for not letting any of their clients withdraw. The company agents quickly come up with different reasons why a payout is not possible, including hidden fees, or unresolved bonus situations.
Don’t let these scammers get away with your money! Contact our legal experts via the live chat, and book a free first consultation to start a chargeback process.
No One Responds To Customers
There’s several channels you could test to communicate with the Wise Crypto Capital support:
- Online message
However, as their victims have already reported, no one answers the emails and phone calls are ignored. This shouldn’t surprise you, as the cons are only able to contact you, not the other way around.
Call Us For Help With Recovery
The people behind Wise Crypto Capital are swindlers, plain and simple. Their so-called company is not even registered, let alone regulated by relevant authorities. Every amenity they offer is extremely basic, and exists only to make the victim believe their lies.
Don’t expect these deceivers to return your funds when you ask kindly. Contact our chargeback experts today via the live chat, so that we may together fight to get your money back!
What Is Wise Crypto Capital?
This is an illicit firm that allegedly operates out of the UK and offers brokerage services. If you’re a victim of their crimes, contact us for money recovery.
Is Wise Crypto Capital Regulated?
No, as several regulatory authorities have proven, Wise Crypto Capital is unregulated and blacklisted.
What Are The Account Types In Wise Crypto Capital?
There’s several accounts available: Basic - $250, Silver - $10,000, Gold - $25,000, Platinum - $50,000, Diamond - $100,000, and Premium - $250,000