In this review we prove that WiseBanc is a scam broker that cannot be trusted.
About WiseBanc
WiseBanc is a Forex broker that mainly offers currencies trading, but through CFDs you can also trade stocks, commodities and even cryptocurrencies.
The broker is allegedly based in Bulgaria, but it is not regulated at all. It has been recently confirmed by the Financial Conduct Authority from Britain that published a warning against WiseBanc.
Despite not being regulated this broker is soliciting resident from regulated countries, thus breaking their laws.
Scam connections
For years we have been exposing investment scams and recently we have seen a solid number of scam programs connected to WiseBanc.
For example Green Tree Profits, Indicator Pro or BTC News Trader are all cooperating with WiseBanc, which is a big red flag.
Scam characteristics
Then you just need to look at the WiseBanc’s website. You will quickly see two giveaways that it is a scam broker.
The first one are testimonials. They are obviously totally fake, they are not from real customers.
Check our picture and you will see that the broker used stock photos, which means that these reviews are totally made up.
The second one are the alleged awards that WiseBanc won. They are obviously fake too. Not only because there is no information about who is supposed to issue them, but also because of the dates.
As you can see on our second picture, WiseBanc exits since 2016 only, so it could not have won any awards in 2014.
WiseBanc complaints
Last but not least, we hear a lot of complaints from WiseBanc’s clients who are not able to withdraw their money. So real customers are have problems with this unregulated broker.
Conclusion
WiseBanc is a scam and unregulated broker. Don’t deposit any money with it, otherwise it will be gone!
We recommend trading with regulated brokers only.