Wiolin Review – Predatory Tactics Detected at wiolin.com
Wiolin Review – Predatory Tactics Detected at wiolin.com

The astonishingly beautiful and exotic Comoros Islands hide a dark secret of being a scam broker’s haven. This poorly regulated market is overflowing with unscrupulous brokers that seek shelter for their illicit activities. 

The Wiolin broker is no different with all of their malicious conditions and strategies. 

So please make sure to read our Wiolin review before deciding to invest with risky online trading platforms. 

Regulated by: Mwali International Securities Authority (Comoros)
Is This Company Safe? Given that they only operate with a loose license, we don’t recommend this firm!
Known Websites: wiolin.com
Have Warnings from: N/A
Registered in: Comoros Islands
Operating since: 2023
Trading Platforms: Desktop, Web
Maximum Leverage: 1:400
Minimum Deposit: $1,000
Deposit Bonus: No
Trading Assets: Forex, Cryptocurrencies, Commodities (soft and hard), Stocks, Indices
Free Demo Account: No
How to  Withdraw from This Company? Contact our experts for help with money recovery.

Offshore License Isn’t Enough!

Finplus Capital LTD, the alleged owner of the wiolin.com website is registered as an authorized brokerage company with MWALI, although there’s no website mentioned. That could mean that these two have nothing in common. Even if they did, and Wiolin regulation was a shaky offshore one, that license means little in terms of proper fund safety. 

After all, regulated brokerage firms offer high levels of security, segregation of funds, and proper risk-reducing measures to protect clients from loss. 

To sum up our investigation, we also checked the registers kept by FCA, BaFin, CONSOB and CNMV. None of them contain information on this Forex provider. 

How The Swindlers Operate

While the violin.com domain has some age to it, dating back to 2020, it remained unused for a long time. The fraudulent site we see today was first launched in late 2023, much to the dismay of people from these regions:

  • France
  • Germany
  • United States
  • United Kingdom
  • Belgium

Wiolin trading may have some limited presence on Facebook and Instagram social networks, but this isn’t where the majority of the victims come from.

The thing is, this company primarily functions as a boiler room, with nearly all of their employees working in a fraud call center. Agents from scams like this, or FirewoodFX, follow a script that lets them persuade their victims more easily.

Fake Ratings Galore

Fake Wiolin reviews are all over the web, they can be found on nearly all ratings platforms. These include TrustPilot, SiteJabber, Reviews.io and TrustedReviews.

At first glance, you’d think that the company provides an incredible quality of service, until you read a few of them. Turns out, they’re all template-made fillers, written by the notorious review seller network.

These sorts of well developed strategies are typical for fraudulent organizations. If you’ve invested money with this scheme, you’d do well to start a recovery process. We can help you get your money back – contact us today.

Costs Remain Unknown

The con keeps all of the taxes, commissions and fees secret, including the rollover fee, maintenance fee, and payment commissions. In that sense, you won’t know how high these charges are until it comes time for you to pay them. That is, however, done automatically, by the firm deriving the costs directly from your total’s account balance as they please.

The situation is the same with basic trading conditions, such as spreads and trading commissions. Basically nothing is revealed and clarified except the maximum Wiolin leverage being up to 1:400.

Shoddy Trading Conditions

Unlike a legitimate broker, the sorts of charlatans found with the Wiolin scam or FCTrading don’t have to compete with anybody for their clients. It’s not like there’s any actual trading taking place – everything you see is just “good enough” to keep you spending your money. The trading features perfectly reflect this predatory strategy, so let’s look into them.

Tiered Account Ripoff

Much of the website is locked down, and requires a valid Wiolin login. The problem is – you can’t really create an account by yourself, you need “help” from the company’s boiler room agent, since the login server is broken. Needless to say, there’s no such thing as a free demo.

The accounts are your usual tiered types, like we’ve seen hundreds of times with various schemers. Let’s take a look at how much they costs:

  • Starter – $1,000
  • Classic – $2,500
  • Intermediate – $5,000
  • Advanced – $10,000
  • Ultimate – $50,000
  • VIP – $100,000

Inaccessible Trading Platform

The trading platforms are excellent, incredibly high quality, world leading! Too bad you can’t see them. There seems to be some sort of a desktop trader that you can’t download, and a web trader which you can’t open.

Well, technically, you can, but you need a valid login account, something you can’t get unless you get a daily dose of brainwashing from the scam agent.

Unverifiable Asset Selection

Unfortunately, since we couldn’t gain access to the platform, we can only review the instruments that are advertised on the website itself. This is problematic, because the majority of con artists don’t actually offer the same assets in their trading platforms, nor do they offer the same prices.

Let’s take a look at what’s advertised:

  • Forex – EUR/USD, GBP/JPY, AUD/CAD
  • Cryptocurrencies – BTC, ETH, ADA
  • Stocks – Amazon, IBM, Tesla
  • Hard Commodities – Gold, Silver
  • Soft Commodities – Crude Oil, Wheat, Coffee
  • Indices – S&P 500, Dow Jones, FTSE100

Payment Processing Issues

The Terms & Conditions documents only address the company’s withdrawal policy with a bunch of weasel words. Nothing concrete is ever mentioned, except the fact that the minimum payout for bank wires is $50.00, and that lower sums will be processed through a “different channel”. Of course, this different channel is never clearly stated.

These sorts of quasi-legal documents are the usual pitfall when dealing with illicit firms. With no transparent fee structure, and a questionable deposit policy, it’s quite possible that the company will never approve any payout request.

This doesn’t mean that you can’t pull your money out, though. Contact our experts via the live chat below to learn how.

Where’s the Support Hiding?

For support methods, the company has provided an email that bounces back, and a toll-free phone number that doesn’t connect.

Some sort of live chat does exist, thankfully, but it seems that the support personnel are never around to reply to any of your messages. Ultimately, you’re left to your own devices should anything go wrong with your trading.

Don’t Give Up On Lost Funds!

Despite the seemingly rich offer and attractive trading conditions, this firm has no credible license to back such claims. Therefore, you could expect a variety of issues, with mandatory payout troubles. 

You shouldn’t allow financial manipulators to control your capital! Count on us for guidance on how to perform safe withdrawals and recover money lost to offshore firms.

FAQ Section

What is Wiolin?

It is a fraudulent scheme allegedly operating from Mwali, Comoros, a loosely-regulated offshore jurisdiction.

Is Wiolin Regulated?

While the firm is duly regulated in Mwali, this region is notorious for poor law enforcement, and has become a haven for fraudsters making the license worthless.

How to Recover Money From a Scam Broker?

Scammers are unlikely to pay you your money back. To get your funds back, contact our legal professionals and start a recovery procedure.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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