Uncertain about Financewise.cc platform? Is it safe to trade or another scam? Let’s read FinanceWise reviews to know exactly that.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About FinanceWise
FinanceWise otherwise known as Financewise.cc is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
FinanceWise Regulation
First of, FinanceWise has not revealed any contact information about itself or its alleged registration address. The absence of any credible data about this company’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.
FinanceWise functions without a valid forex license and operates without the supervision of a respected regulatory body.
Obviously, FinanceWise brokerage has drawn the attention of a renowned financial regulator — Federal Financial Supervisory Authority (BaFin) has warned against this entity and its financial service.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
FinanceWise Minimum Deposit
As for Onetickatatime minimum deposit, we were unable to find information about its account types and minimum deposit requirements.
In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
As for payment methods, FinanceWise does not provide specific information regarding the payment methods they support.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
FinanceWise Platform
We could not ascertain FinanceWise trading software, and if there were any, it would be web trading software with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
FinanceWise Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Financewise.cc is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
FinanceWise appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!
Heard of Mft-trade, Actionmarkets , Betail-capital, Forextimeprime brokers? Read Details
