FMA in New Zealand warns against Wisefex. The New Zealand's regulator recommends exercising caution when dealing with wisefex.org Investment LTD (Wisefex) and www.wisefex.org (the website).
According to FMA, Wisefex is operating a scam through the website and their representatives or associates. The website falsely to offer cryptocurrency investment plans with guaranteed and unrealistically high returns to investors.
Wisefex is not a registered financial service provider or subject to regulation in New Zealand.
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.