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Wise Tradefx

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Operating status: SCAM

Website: https://wisetradefx.com/

Broker violations and abnormal records
  • 2022-07-20 BrokersView has Reviewed that Wise Tradefx is an Unregulated Forex Broker

    Wise Tradefx is not a reliable broker for traders even though it states offers that look good to be true. Wise Tradefx claims to be authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to Wise Tradefx in Seychelles FSA. The regulation information is a false statement for unsuspecting traders. 

    Besides, Wise Tradefx shows its office addresses in the United Kingdom and the United States. According to the relevant national laws, we searched among the following regulatory bodies：

    1) the UK Financial Conduct Authority (FCA);

    2) the US National Futures Association (NFA).

    However, we did not find any match results to Wise Tradefx in the above watchdog's registries. That means Wise Tradefx is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Wise Tradefx is not a reliable broker for traders even though it states offers that look good to be true. Wise Tradefx claims to be authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to Wise Tradefx in Seychelles FSA. The regulation information is a false statement for unsuspecting traders. Besides, Wise Tradefx shows its office addresses in the United Kingdom and the United States. According to the relevant national laws, we searched among the following regulatory bodies：1) the UK Financial Conduct Authority (FCA);2) the US National Futures Association (NFA).However, we did not find any match results to Wise Tradefx in the above watchdog's registries. That means Wise Tradefx is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2022-08-01 The Seychelles FSA Added Wise Tradefx into Its Warnings

    On 2 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Wise Tradefx is not being regulated by the FSA nor has it been in the past. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-wise-trade-fx

    On 2 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Wise Tradefx is not being regulated by the FSA nor has it been in the past. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-wise-trade-fx
  • 2022-11-23 BrokersView has found that Wise Tradefx is not working

    BrokersView found the domain "https://wisetradefx.com/" currently is not working. Even though this broker claims it is updating, but as most probably it was suspended and it is always a bad sign when a broker's website is suspended.

    BrokersView found the domain "https://wisetradefx.com/" currently is not working. Even though this broker claims it is updating, but as most probably it was suspended and it is always a bad sign when a broker's website is suspended.

Related Complaints

Q&A

Is it illegal?

Lucca Trappatoni
Guinea
2022-08-02
ANSWER Wise Tradefx is not a licensed or regulated broker even though it states offers that look good to be true. Wise Tradefx claims to be authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to Wise Tradefx in Seychelles FSA. Besides, Wise Tradefx shows its office addresses in the United Kingdom and the United States. According to the relevant national laws, we searched among the following regulatory bodies：1) the UK Financial Conduct Authority (FCA);2) the US National Futures Association (NFA).However, we did not find any match results to Wise Tradefx in the above watchdog's registries.The truth is, Wise Tradefx is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Wise Tradefx and trade with licensed brokers.
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