Wise Crypto Capital Review – Don’t Join wisecapitallimited.com Brokerage Scam

Wise Capital (wisecapitallimited.com) is a clone of an authorized FCA firm

Nearly all individuals and firms that provide financial services in the UK need to be registered or authorized by the FCA. WiseCryptoCapital has not been authorized to register, but it targets UK citizens by claiming that they are an authorized firm.

This is known as a “clone company.” This is a common scam tactic used by scammers to contact people. You should be cautious if you receive a call. Scammers may claim to be representing a legitimate firm or give a FRN (firm number) to authorized firms.

How Clone Firms Make Money on Gullible Traders

Fraudsters contact potential victims through social networking apps or phone calls to tell them about a great opportunity to make money. Discord and Telegram are the next most popular platforms. Instagram and WhatsApp take the top two spots.

To convince potential victims that the scammer is very experienced in trading or investing cryptocurrency, the scammer will send them screenshots with impressive profits. The scammer may offer free trading advice to build the confidence of potential victims.

To convince the victim that her investments are generating good returns, the scammer will send her screenshots. The victim will be convinced that everything is going well and it would be nice to “invest more money.”

Eventually, the victim will want the purported profit and will tell the scammer that she wants to withdraw her money. Most likely, the scammer will tell you that you have to pay a large amount of taxes. This amount cannot be taken from your “profit.”

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Types of Brokerage Accounts

The company offers leverage from 1:100 to 1:1000, depending on the type of account. For the minimum deposit the leverage 1:100 is provided, and for the deposit from 250000 dollars – 1:1000. This is a huge risk to lose all your money fast.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Central Margins, LTD FX, Buoystocks.

What Other Traders Say About the Wise Crypto Capital

You can go to the independent forum Trustpilot on your own and see for yourself the low rating of the wisecapitallimited.com. For clarity we attach a screenshot:

The victims’ reviews are so big that not everything will even fit into one screenshot. Of course, this is logical, because the victims are losing huge amounts of money. Take a look at one of the fraud victim’s comments:

Wise Crypto Capital: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Wise Crypto Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Wise Crypto Capital!