Tradewise is another example of an unrestrained, nameless broker operating within a large scam network. The tactics used by this unregulated trading sites are associated with fraudulent activities.
If you want to avoid your money from getting scammed its of great advice to avoid any investments or participation with tradewise-FX and its associates sites.
Tradewise-fx are displaying a striking similarity to a number of questionable forex brokers. They are just targeting to get your money from you.
With our through investigation we found out that trade-fx is claiming to be situated at the United States. With the reference of the National Future Association in the US we found out that its not registered with them. So trade-fx is working without an regulatory agencies. Take much precautions from this trading company.
The Financial Conduct Authority has also identified trade-fx as an unapproved entity. According to FCA, tradewise-fx is offering services in the United Kingdom without the necessary permissions.
This indications are clear that tradewise-fx are working as an unregulated forex broker, engaging in its business activities in clear violation of legal regulations.
To ensure your money is well invested its advisable to opt for a credible broker that provides widely used trading platform in the industry.
HOW TRADEWISE-FX WORKS
Tradewise-fx offers its customers with a limited selection of payment methods restricting the options exclusively to cryptocurrencies and have but specification to bitcoin and Ethereum.
Tradingwise-fx platform claims to offer a variety of trading platforms with the comprehensive forex, cryptocurrencies and stocks.
Tradewise-fx lacks specific information regarding the spreads they provide, instead they assert that their spreads are competitive.
However, its crucial to note that exceptionally high leverage ratios are often associated with unregulated brokers who use them to attract clients. Take very much caution against this online brokers since they are after your hard working money.
such transparency can lead to unexpected expenses and is another prominent reason to avoid tradewise-fx when considering a good and better platform.
HOW TO GET YOUR MONEY BACK
If you have been scammed , there are a few steps to take to get your money back:
First contact your bank or credit card company; explain the situation and request a chargeback if you made the payment via credit card since many banks have fraud protection services that can assist in such cases.
Seek legal advice; consider consulting us since we can be of much help when trying to recover your money back. We can guide you through the legal options to potentially recover the lost funds.
REMEMBER, THE CHANCES OF RECOVERING YOUR MONEY DEPEND ON VARIOUS FACTORS, INCLUDING THE NATURE OF THE SCAM AND PROMPTNESS OF YOUR ACTIONS