A warning from the Financial Conduct Authority regarding Wise Capital Limited is out. Of course, once a regulator issues a warning to investors, there’s no way the platform is safe. However, there’s a good reason why the regulator has raised the red flag. Judging by the experience of members, the platform is blocking withdrawal attempts. And this is one of the many reasons other regulators will follow suit. Please find out more in our comprehensive WISE CAPITAL LIMITED REVIEW.
We have seen this type of website design before. And we believe Wise Capital Limited is a clone. The about us page and the image used on the contact us info says it all. There’s nothing to write home about regarding this platform.
Wisecapitallimited.com is by far one of the biggest issues in forex investment today. This is because wise Capital does not give members a chance to withdraw their profits. And this means even experts will face the same issues.
The homepage has an aesthetic appeal, and once you land there, you get a professional appeal. And that’s what the platform plans to offer to investors. A chance to look legitimate in the eyes of newbies.
When looking for a reliable investment platform, you need feasible investment strategies. These include Coin Staking, DeFi, and Masternoding. In addition, the mentioned are some of the more innovative ways of investing.
No one knows who owns or runs the platform. And it makes no sense to invest in an anonymous platform. Those who have already signed up are ruing the decision. Thanks to our keen eye, we will highlight all the issues found on the platform.
Finding the right option means you have to do due diligence. Do some research and find out what others are saying about a particular platform. That way, you will have solid information to make the right decision.
Wise Capital Investment offers investors six account types to choose from. These accounts include newcomer, silver, investor, premium, golden, and Black VIP. In addition, all accounts come with distinctive account features.
Here’s a closer look at each of these accounts;
Newcomer
With the newcomer account, members must deposit 250 Euros to start trading. The account comes with a personal account manager. You also get 9 main currencies and 25 trading instruments.
Silver
The second-tier account comes with a minimum allowed deposit of 2,000 Euros. Members get 2 types of assets and over 50 trading instruments. You also get 4 insured trades and loans from the company.
Investor
For the investor account, members must deposit 5,000 Euros to start trading. You also get 3 types of assets and over 200 trading instruments. Other notable features include account insurance and 5 insured trades.
Premium
With the premium account, members must deposit 10,000 Euros to start trading. There are 4 types of assets and over 250 trading instruments. In addition, members get an account bonus of 50 percent alongside educational courses.
Golden
For the golden account holder, you must deposit 50,000 Euros. The platform actually recommends this account more than any other. Notable features include a personal analyst and a 70 percent account bonus.
Black VIP
It’s the most exclusive of accounts, with members getting 4 types of assets and over 300 trading instruments. In addition, there’s an account bonus of 70 percent, with members getting access to the company’s reserve fund.
Obviously, some of the features are unrealistic or come with a twist. One of them is the bonus members have. Unfortunately, the platform does not offer account insurance, and if they did, there would be no complaints.
Although the platform claims to offer account managers, these are far from professional. These are call agents who solicit funds from investors. You will get a call from your account manager with a promising investment venture.
To sweeten the deal, the account manager will insist they have a few slots for the investment. All you have to do is deposit funds and wait for the investment to mature. If you make the mistake of depositing funds, the account manager suddenly disappears.
Attempts to get back your funds will fall on deaf ears. Instead, the platform will assign a new account manager and give you false excuses. In most cases, they claim the account manager is on leave, and you have to await his return.
The more exclusive accounts offer bonuses starting from 50 percent. It means those who deposit 10,000 Euros will get 5,000 Euros as a bonus. And this is where you should get real. No investment platform can offer such incentives.
Regulators are issuing a warning over such account features. The account will later hold your account for ransom. To withdraw funds, they insist you must pay back in full the bonus amount. Even if you have a bonus to offset the bonus, the platform will insist on a new deposit.
There are no names mentioned on who actually runs the platform. And this makes it an anonymous and unregulated platform. These two features are a huge financial risk to investors. So it would be best if you stayed away from them or risk losing your entire funds.
The company or entity behind this platform is not found on any company register. We have a platform using illicit registration details. According to the FCA, the platform is using registration details of the legit Wise Capital Limited.
You don’t get the support you need even after depositing amounts above 5,000 Euros. There’s no live support which is why we know this is a high-risk platform. The platform ought to be available 24/7.
What we see is an effort by the platform to try and control the communication process. So, for example, the platform does not offer a working phone line. The platform also takes longer to respond to emails. And this is why we believe the platform is deceitful.
Instead of offering world-class platforms, they instead offer an untested platform. Wisecapitallimited.com claims to offer a platform that is compatible with all devices. That said, it’s still not as good as the others.
Some of the complaints also mentioned an unstable platform and slow execution. With such a platform, members are bound to make losing trades. So make sure to go for MT4, MT5, or SIRIX when investing.
To ensure everyone deposits with ease, the platform offers available depository options. These include bank and wire transfers. However, you should note the platform does not allow crypto deposits or E-Wallets.
Withdrawing funds with the platform remains to be the biggest hurdle facing investors. You won’t get to withdraw funds which is a huge problem. If there’s no withdrawal, there’s no point in investing with them.
Wise Capital Limited is facing serious allegations from investors. And the FCA has taken note and issued a warning regarding the platform. The regulator shows the platform is a clone and using the name of another registered platform.
Safety of funds is out of the question, with a platform blacklisted by the FCA. There’s no reason you should invest with such a platform. The platform does not segregate accounts or offer a safety net to members.
We won’t recommend the platform for the following reasons
These are the main reasons why you should stay away from wisecapitallimited.com.
Get the right investment platform and start earning realistic returns. Join Coin Staking, DeFi, and Masternoding investment platforms.
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