Scam Broker Wise4X

Do You Want to Know If Wise4X Is Legitimate or a Scam Broker? 

Wise4X is a broker that claims to offer reliable trading and a powerful trading app. However, we found that many of these claims aren’t true. Wise4X says it has licenses from FCA, CySec, and BaFinn from the UK, Cyprus, and Germany respectively. However, we’ve found that they don’t have any of these licenses. Perhaps they feel they can just claim anything. We know they aren’t regulated, because they don’t offer required features in the EU such as negative balance protection and segregated accounts. 

There Are Some Problems with Wise4X

Wise4X makes trading risky for its customers. Not only does it lack a license, but it encourages customers to trade with leverage as high as 1:500 which can create devastating losses. We also couldn’t find the names of the people who run this broker. There isn’t a reason to trust this broker. 

Wise4X Was Flagged for the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

  • No license
  • Misleading statements
  • Dangerously high leverage
  • Verified customer complaints. 

If You Need Fund Recovery from Wise4X, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact CryptoCoinTrace right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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