In this section we will analyze the broker WiseFunds (also called wisefunds.co and wisefunds.cc), is a Forex, CFDs and Cryptocurrency broker. Is WiseFunds really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may be wondering why we are reviewing WiseFunds. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
It should be noted that the WiseFunds website does not have a Spanish version, we have also received messages from Spanish-speaking clients.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it. Update March 2020: Mention being part of Kleinman Enterprises Ltd and Kleinman Services OU
As to its location, The broker mentions being based in: supposedly in London, although if it is real the base in Ireland should be regulated by the UK regulator, the FCA, and this does not happen, which makes us doubt about the real base of WiseFunds. Update March 2020: mention being based in Saint Vincent and the Grenadines and Estonia
If we analyze the regulation of the broker: they do not mention anything about being a regulated company, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by WiseFunds, we noticed that they offer 5 different types of account / plans: Basic Account, Bronze Account, Silver Account, Gold Account and Platinum Account. We leave an image with a little information about each type of account.
Basic account- $ 250 minimum initial deposit, 20% welcome bonus, 24/5 support, education center, daily market reviews, webinars, price alerts, introductory session with an expert.
Bronze Account- $ 5.000 minimum initial deposit, 30% welcome bonus, 24/5 support, education center, daily market reviews, webinars, price alerts, introductory session with an expert.
Silver Account- $ 10.000 minimum initial deposit, 40% welcome bonus, 24/5 support, education center, daily market reviews, webinars, price alerts, introductory session with an expert, private sessions with strategy analyst , 2 live webinars.
Gold Account- $ 50.000 minimum initial deposit, 50% welcome bonus, 24/5 support, education center, daily market reviews, webinars, price alerts, introductory session with an expert, private sessions with strategy analyst , 2 live webinars.
Platinum Account- $ 100.000 minimum initial deposit, 60% welcome bonus, 24/5 support, education center, daily market reviews, webinars, price alerts, introductory session with an expert, private sessions with strategy analyst , 8 live webinars, exclusive access to positions.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that WiseFunds offers are: the MT4 platform and Status.
We will now analyze the different resources and aids for traders that WiseFunds provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
WiseFunds provides the following aids or resources to traders or stakeholders: economic calendar, financial event news, really not much more than this.
| Other information about WiseFunds |
Some more information in case you want to contact the company, or see its website for yourself.
Website: wisefunds.co and wisefunds.cc/sign-in
Phone number: unmentioned
Email: [email protected]
>>> Assessment on WiseFunds <<
Ending with this section, in our opinion Do we think the WiseFunds company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is supposedly based in London but is not regulated by the UK regulator, which makes us think that perhaps its base in Ireland is not Real, they do not mention which company they belong to, when looking for other reviews on WiseFunds we could not find any, which makes us think that it is a "new" company. We suggest using caution.
⛔ Attention ⛔ : in January 2020 CNMV added WiseFunds to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : in May 2020 CONSOB added WiseFunds to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : WiseFunds, together with AtlasFX, Virtual Stocks, The Capital Stocks, RoyaltyFinance y Credit Wise, is owned by the infamous company Kleinman Enterprises Ltd, a company that resides in a tax haven and has scammed thousands of people.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.