Read our Wize Capital review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a wizecapital.com review specifically.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Wize Capital is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Wize Capital in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Wize Capital Review Conclusions
Making the Wize Capital review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Wize Capital review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
i was scammed by wizecapital.com wisecapital.com,i wanted to withdraw my money ,they dissappeared ,they scammed me of 49,000 us dollars,do not go near these crooks,ruben rodriguez,sophie pierce are the account managers and traders are liers and thieves.
they are thieves and scammers, i am a victim too and am doing everything to get them with, sophie, TIM BEERS, and DAVID HACKETT, they are the main one who scammed me, every thing disseaper and i cannot get into my account or respond to any email thry send me,
Definitely not to be trusted. Do not use them. I am a solicitor. I have had a client invest AUD$200k with them. All that is gone now. I note that the two previous comments are made within the past month.
ruben rodriguez is the man I dealt with.
he is an absolute smooth talker and a first class bull shit artist.
Do not invest with them.
SCAM SCAM SCAM
ruben rodriguez is the man I dealt with.
he is an absolute smooth talker and a first class bull shit artist.
Do not invest with them.
SCAM SCAM SCAM
READ – SCAMMERS SCAMMERS SCAMMERS, DO NOT TOUCH – https://wizecapital.com
Definitely a SCAM, do not invest a single cent, you will never see your money again. Do not deal with any of these guys, Ruben Rodriguez for one (probably not even his name) along with Liam Brandon, Tony Moller, James Clarke, and Jonathon Price are definite liars, thieves, and as crooked as they come pack of dishonest lying as Mark says “bull shit artists”, your money is probably used up in their illegal Ponzi scheme.
See https://www.fca.org.uk/news/warnings/wize-capital
Few more names to the list, Tom Vitory, Andrea Golden, Magda Robinson.
Tom Vitory was the bad was dealing with I assume false like the company I hope he gets his payback can’t wait for them being caught they do not have a heart just me me me.
Wizecaps is now. Not anymore wizecapital!!!!! I invested $575 and they topped it up with $435. Agreed to trade on automated system with Tim Beers, now apparently has been fired. Anyway they managed to make $4938 profit including the their credited money till end of March, i requested a withdrawal back in November but for 3 months no one was available to get back to me with a answer why my money isn’t allowed to be withdrawn, i managed to reach them by email saying that I needed to invest money but your system doesn’t allow me, within 5 minutes a girl called Nina Zamora called me, when she found out that I’m exiting customer and I want to take my money back she came out with a answer saying I need to manually trade in terms to clear of the credit and than will be able to withdraw, i said keep the credit that the company has applied to my account(never asked for it anyway) and send me the left over, she told that’s not possible.
Now i am dealing with someone called Steven Kikis, and he’s insisting that in order to clear of the credit I need to manually trade, or there is another way he says to clear of the credit is to deposit the same amount the credit in and than you can withdraw.
so I know I’m not gonna get that money back, I’m so stupid that I trusted right then but they can’t fool me now anymore. Keep your money in safe place and don’t approach those guys.
Is the same tim beers, I was dealing with. And the same people took me and my son’s saving money £550. I was saving and after sometime my account came to 3948. We never get to withdraw or get our money back. May God give they worse life, more than the pain they cause to the innocent. Tim will die and go to hell…with their company.
Don’t invest with wizecapital. In all fairness, this is not the first, and certainly not the last company to get away with its sins. So many bad reviews and only few managed to get their money back. No hope lost, get up and fight these cruel and terrible people! i found zenithlegalrecovery.com website and they manage to resolve my issues and had me reclaim what was mine. these guys are the best, Act now!