If you are thinking about starting a new trading journey or expanding your portfolio with another firm, you are at the right place. With this Wisevests review, you will learn all the key tips on avoiding wrong trading brokers.

But also, we’ll reveal what can you do if you still fall for cheap tricks. Don’t miss out a bit and also, don’t skip our unbiased analysis of MWM Group and Ramadanfx companies.

Regulated By:	No regulations
Is This Company Safe?	No
Known Websites:	https://wizevests.com/; (inactive)
Have Warnings From:	BaFin, FMA Austria, CNMV, IOSCO
Registered In:	Saint Vincent and the Grenadines
Operating Since:	2023
Trading Platforms:	WebTrader
Maximum Leverage:	1:200
Minimum Deposit:	$10.000
Deposit Bonus:	N/A
Trading Assets:	Cryptos, forex, indices, shares, commodities
Free Demo Account:	Not Available
How To  Withdraw From This Company?	Withdrawing funds from a brokerage that appears on multiple warning lists is generally impossible. If you didn’t recognize scam signs on time, feel free to contact our refund experts for assistance in the fund’s recovery process.

Legal Info: Is Wisevests Legit Or A Scam?

One of the first signs you shouldn’t trust a trading firm is a lack of regulatory oversight, especially if they are registered offshore. As can be seen, Wisevests is owned by a company called GroupUp Green LLC, with an address in Saint Vincent and the Grenadines. 

With this discovery, everything else in this review will make a lot more sense to you, wspecially warnings from trusted authorities like BaFin, Austrian FMA, CNMV, and IOSCO. Do you still believe the company is trusted? Certainly not. Yet, they have tried to delude their traders by changing their domain to wizevests.com. Hopefully, you won’t bite it.

Who Are Wisevests’s Victims?

Even though it’s hard to find any Wisevests reviews, you can already see who the primary victims of this trading brand are. Note that their target areas are practically unlimited. Therefore, anyone could be their next victim, primarily traders from: 

• Belgium
• France
• Austria
• United Kingdom
• Switzerland

You’ll quickly notice those are all top-tier financially regulated countries. And it seems this firm doesn’t care much. Therefore, to get started with the refund process, we suggest you book a free consultation with our experts right away.

Leverage, Commissions, Spreads, Fees and Taxes

Trading conditions play a huge role in the process of choosing your brokerage. Therefore, transparency about those is crucial. Yet, you shouldn’t be surprised if the companies hide those like in the case of Wisevests broker. 

On the other hand, traders should remember that transparent conditions without a license are meaningless. Now, the key part of this trading firm is its leverage. Since they offer up to 1:200, that certainly doesn’t match any top-tier regulatory standards. So, if you see something like that before warnings, you’ve got the sign. 

In addition to that, spreads and commissions are not disclosed. But, at least, they have transparent fees of 0.75% for all CFD trades.

Bonuses

Quite often, offshore trading firms offer welcome bonuses to new users. But there’s usually a catch. In most cases, it’s the minimum trading volume traders have to reach before they can apply for withdrawal. Sadly, with Wisevests trading portal, those details are not transparently revealed.

Wisevests Trading Features

Fairly speaking, when a company advertises partnerships with fintech firms, you should expect something outstanding. In the trading world those are AIs, Expert Advisor features, copy trading options, etc. 

However, with this brokerage, you can’t expect any of those options. Instead, you’ll be served with a basic package.

Trading Platforms Available

After registering for the Wisevests account, don’t be surprised with their software choice. Instead of trusted solutions like cTrader or MetaTrader, you’ll have only web-based options available.

With basic functionalities like setting up orders, trading history, risk management options, and a few customization features, they can hardly offer top-notch benefits. Not to mention that these platforms are most often manipulated.

Available Trading Assets

Offering a wide range of tradeable instruments can be quite attractive for inexperienced traders. This way, they think they have more options to generate profits from. 

However, if the company is not regulated adequately, that doesn’t matter in the end. Especially since top-tier licensed firms offer the same, such as:

• Forex – GBP/AUD, EUR/SEK
• CFDs – IBM, CAC40, platinum
• Cryptos – ETH, TRX

Account Types

Once you complete the Wisevests login procedure, be ready for their boiler room agents’ call. They will try persuading you to get started right away and might have some aces in the sleeve. Even though the account types seem to require at least $10,000 to get started, it’s most likely way less. 

However, you’ll certainly get pitched for: 

• Basic – $10.000
• Bronze – $25.000
• Silver – $100.000
• Gold – $250.000
• Platinum – $500.000
• VIP – $125.000
• Savings account – $150.000

Mobile Trading App

As mentioned earlier, a trading platform can’t make Wisevests legit. Neither can trusted mobile apps. But to make everything worse, they don’t even offer any. Consequently, they make the whole trading experience a lot harder for you.

Demo Account

One of the ways to expose suspicious activities is through a demo account. With this in mind, you shouldn’t be surprised that this firm doesn’t offer it. Obviously, their only goal is to get your money.

Education

Education with Wisevests scam broker is another mysterious element. They want to present themselves as a reliable trading firm, and yet, there are zero educational features. Fairly, it’s one in dozens of signs to stay away from them.  

Wisevests Withdrawal

To add one more reason to avoid this firm, you just have to check the company’s withdrawal policy. With up to 3 business days of processing time, you can surely expect a lot of obstacles. Primarily with verification and fees. That is not disclosed by the way. At least the company reveals the minimum withdrawal requirement of $100.

Customer Support

With a phone number available in the contact options, many traders might think the company is transparent. Yet, VOIP services often used by scammers can keep their locations hidden for a while. 

Therefore, you should rely on features where you can talk to your broker face-to-face, unless they are top-tier licensed. In any case, other options are e-mail and web contact forms. But we wouldn’t raise much hope there.

Key Information To Consider About Wisevests

Negative details keep piling up with this scam company. Starting with missing regulations, low transparency, and multiple warnings, trouble all around. If you are caught by this scam, we suggest you react immediately.

Book a free consultation with our refund team and find out the step-by-step procedure for the recovery process. Even if you were transferring money with cryptos, our experts can assist you with a bit of the help of the CipherTrace tool. To find out how get in touch with us right away.

FAQ Section

What is Wisevests?

Wisevests is an offshore trading firm registered in Saint Vincent and Grenadines that has been offering FX and CFD trading services since 2023.

Is Wisevests Legit?

No. Without regulations and with multiple warnings including BaFin, FMA Austria, and CNMV, it’s clear the company is a scam.

Who Owns Wisevests Broker?

Wisewests trading brand is owned by GroupUp Green LLC. If you have funds stuck with this firm, reach our chargeback team for recovery assistance.