WiiCrypto review 2023 | File A Scam complaint (2024)

WiiCrypto Review 2024 – Get Help if you are a victim of WiiCrypto Scam

About WiiCrypto

Website – http://www.wiicrypto.com/

Address – NA

Warned By – Ontario Securities Commission (Ontario)

Domain Age Information of WiiCrypto

WiiCrypto, founded in 2022, operates as an active forex trading platform without regulatory oversight. Despite lacking regulation, it offers a range of trading options, including forex, cryptocurrencies like BTC, ETH, XPR, indices, commodities, and shares. The platform utilizes WebTrader for trading, with mobile trading capabilities. While specific details like headquarters country and broker-owner remain undisclosed,

WiiCrypto allows CFD trading with a maximum leverage of 1:600. It also offers deposit bonuses and supports crypto trading alongside other instruments. Notably, it doesn’t provide a demo account, limiting users to live trading only. However, caution is advised due to its unregulated status, as investors may face increased risk dealing with an unregulated entity like WiiCrypto, particularly considering its association with forex trading scams.

The main reason why WiiCrypto is a possible scam broker is that the broker has got many Complaints and negative WiiCrypto reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Regulation

The WiiCrypto website appears legitimate at first look, but a closer study shows a major red flag. It is unknown who is behind the WiiCrypto. Neither the website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.

As a result, whoever owns the WiiCrypto is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centers such as the United Kingdom, the European Union, the United States, or Australia.

Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).

We also reviewed comparative-looking broker sites in ourscam brokers 2024 list, the vast majority of them are unlicensed and obscure.

WiiCrypto possible scam activities

It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this WiiCrypto review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made several false claims through its website.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you with good chances of making profits. When you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you cannot make a withdrawal.

WiiCrypto has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2024.

Example of Negative WiiCrypto Review

After Searching internet, you will find many negative WiiCrypto Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and WiiCrypto reviews are negative.