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The WikiFX Score of this broker is reduced because of too many complaints!

WWF

Cyprus|5-10 years|
Regulated in Cyprus|Market Making(MM)|Suspicious Scope of Business|United Kingdom European Authorized Representative (EEA) Unsubscribed|High potential risk|

http://www.wise-wolves.finance/

Website

Rating Index

Contact

+357 25 366336
wwf@wise-wolves.com
http://www.wise-wolves.finance/
Spyrou Kyprianou 61, Mesa Geitonia, 4003 Limassol, Cyprus
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+357 25 366336

Broker Information

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Company Name

Wise Wolves Finance Ltd

Company Abbreviation

WWF

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2024-02-24
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 792979) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

WWF fraud

I cannot access the app anymore. My current balance was 92091 USDT. They didn’t allow withdrawals. Be careful with scammers.

2022-01-27 13:07
Unable to withdraw

Don’t believe that online dating teaches you investment and financial management to reach the peak, and it’s true that it makes you fall to hell.

He was talking with you every day for two weeks will let you take your guard down and think that you have met true love. In the middle of knowing that you are disgusted with investment, you will not take the initiative to mention it. After two weeks, he will tell you not to save money stupidly for future investment. This is the first time he gives you a taste of the sweetness. The second time 150,000 your funds go in is the beginning of falling into hell. The recharge activity starts to ask you to recharge. After recharging to 600,000, you still can’t withdraw, saying that you need to get 600,000 to get promoted. Only gold members can withdraw cash. After arriving, I want to withdraw the full amount. I said that the amount is too high and I need to pay 240,000 yuan to the China Banking Regulatory Commission before I can get back the full amount. The other party will continue to instigate me to go to the bank during this period. Loan, credit card, borrow money from family members, etc., he will also tell you that he helped you borrow the money to help you recharge it, but these are just his methods to make you feel that he is living and dying with you. In fact, he wants you to take out more. At the end I said that he had no money and he was impatient and hung up. So far I can no longer contact people, and my reputation has dropped to the bottom.

2021-11-04 21:56
Unable to withdraw

Scam Alerts!!!!

I have loaded into this scam application totaling nearly 67000 USDT and all withdrawals have been rejected. Don't be fooled by this app! ! ! I will post until I get my money back! ! ! ! !

2021-11-21 10:57
Unable to withdraw

WWF fraud

At the beginning, my friend introduced me to this and then told me that there was a bonus activity, but I did not have enough money that time so my friend deposit 1,600 dollars for me. After that, my account could not be withdrawn. After asking the customer service, he said that it was considered as malicious money laundering due to deposit by other people and ask me to make up the money. After completing the amount, it is also impossible to withdraw cash. I wans Informed that the account was temporarily frozen because of malicious money laundering and 10% margins fee of the deposit is required. After the payment is completed, the withdrawal is successful but not received. After inquiring, the customer service said that it is required to pay late fee due to the crowded Taiwan channel. Then, they gave me a line of BRC and said that it was a representative of the Banking Regulatory Commission in Taiwan. After the contact, they said that I need to pay 20% of the deposit for margin and another 5% for tax. I didn’t receive anything after finishing that. I asked the person of BRC and he gave me a phone number from the Financial Supervision and Administration Commission and said that he had arranged a withdrawal. If I did not receive it, I should contact Chen. The phone number is real but there is no more response when I asked his extension and his full name.

2021-11-29 23:22

    WWF · Company Summary

    Aspect Information
    Company Name Wise Wolves Finance
    Registered Country/Area Cyprus
    Founded Year 2016
    Regulation CYSEC
    Minimum Deposit $10,000
    Spreads as low as 0 pips
    Trading Platforms MT4,MT5
    Tradable Assets Investment service(Reception and transmission),Forex,Shares,Bonds
    Account Types Client account
    Demo Account Available
    Customer Support Phone:+357 25 366336,email:wwf@wise-wolves.com
    Deposit & Withdrawal Bank transfer,bank card,internet banking

    Overview of WWF

    Wise Wolves Finance, established in 2016 and based in Cyprus, is a financial services company regulated by CYSEC. The company requires a minimum deposit of $10,000 and offers competitive spreads, with rates as low as 0 pips.

    It provides access to various trading platforms including MT4 and MT5, catering to a range of tradable assets such as Forex, shares, and bonds. Wise Wolves Finance offers investment services, including reception and transmission of orders.

    Clients have the option to open a client account and can also access a demo account for practice trading. Customer support is available via phone at +357 25 366336 or email atwwf@wise-wolves.com. For deposit and withdrawal, the company accepts bank transfers, bank cards, and internet banking methods.

    Overview of WWF

    Is WWF Legit or a Scam?

    Wise Wolves Finance Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 337/17, effective from September 25, 2017.

    Is WWF Legit or a Scam?

    Additionally, Wise Wolves Finance was previously authorized by the United Kingdom's Financial Conduct Authority (FCA) as a European Authorized Representative (EEA) under license number 792979, effective from January 30, 2018.

    Is WWF Legit or a Scam?

    However, this license expired on July 28, 2022, and the firm is currently unsubscribed in the UK. The company has been noted for not having a trading software

    Pros and Cons

    Pros of Wise Wolves Finance Ltd:

    1. Regulated by CySEC: Wise Wolves Finance is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with financial regulations and standards.

    2. Variety of Tradable Assets: The company offers a range of tradable assets, including Forex, shares, and bonds, providing clients with diverse investment options.

    3. Access to MT4 and MT5 Platforms: They provide access to popular trading platforms like MT4 and MT5, which are widely recognized for their user-friendly interfaces and advanced trading tools.

    4. Demo Account Availability: The availability of a demo account is beneficial for new traders to practice and get acquainted with the trading environment without any financial risk.

    5. Dedicated Customer Support: Wise Wolves Finance offers dedicated customer support through phone and email, which can enhance the client experience and provide assistance when needed.

    Cons of Wise Wolves Finance Ltd:

    1. High Minimum Deposit: The requirement of a $10,000 minimum deposit might be a barrier for small or individual investors.

    2. Expired FCA Authorization: The expiration of its FCA authorization in the UK could raise concerns about its current status and reliability in certain jurisdictions.

    3. Complaints and Risk Warnings: The number of complaints received and warnings about potential risks and scams can be a significant deterrent for potential clients.

    4. Lack of Trading Software: The absence of proprietary trading software might limit the efficiency and effectiveness of trading activities for clients.

    5. Limited License Type: Operating under a 'No Sharing' license type might restrict some aspects of its services and could impact trading flexibility for clients.

    Pros Cons
    Regulated by CySEC High Minimum Deposit
    Variety of Tradable Assets Expired FCA Authorization
    Access to MT4 and MT5 Platforms Complaints and Risk Warnings
    Demo Account Availability Lack of Trading Software
    Dedicated Customer Support Limited License Type

    Market Instruments

    Wise Wolves Finance Ltd offers a comprehensive range of market instruments, providing traders with a diverse spectrum of opportunities in the financial markets. Let's explore the market instruments they provide:

    1. Main Investment Services:

      1. Order Transmission and Execution: This includes the reception and transmission of orders related to various financial instruments, as well as executing these orders on behalf of clients.

      2. Dealing on Own Account: Engaging in trading activities using the firm's own funds.

    Market Instruments
    1. Ancillary Investment Services:

    • Safekeeping and Administration: Includes custodianship and related services for financial instruments.

    • Credit Provision: Granting credits or loans to one or more financial instruments, particularly where the firm is involved in the transaction.

    • Strategic and M&A Advice: Offering advice on capital structure, industrial strategy, mergers, and acquisitions.

    • Foreign Exchange Services: Related to investment services.

    • Investment Research and Financial Analysis: Providing insights and recommendations relating to financial instrument transactions.

    Market Instruments
    1. Financial Instruments:

    • Transferable Securities: Such as stocks and bonds.

    • Money-market Instruments: Like treasury bills and commercial papers.

    • Collective Investment Undertakings: Including mutual funds or ETFs.

    • Derivatives: Options, futures, swaps, forward rate agreements, and others related to securities, currencies, interest rates, commodities, etc.

    • Credit Risk Transfer Instruments: Derivative instruments for transferring credit risk.

    • Contracts for Differences (CFDs): Financial contracts that pay the differences in settlement price.

    • Environmental and Economic Derivatives: Covering variables like climate, freight rates, emission allowances, and inflation rates.

    • Structured Notes: With capital protection features.

    • Repurchase Agreements: For short-term borrowing.

    Market Instruments
    1. Specific Products:

    • Sovereign and Corporate Bonds: Debt securities issued by governments and corporations.

    • Depositary Receipts: Certificates representing shares in foreign companies.

    • Exchange Traded Commodities (ETCs) and Exchange Traded Funds (ETFs).

    • FX Options and Swaps: Both deliverable and non-deliverable.

    Market Instruments

    Wise Wolves Finance, therefore, equips traders with an extensive array of tools and opportunities for investing and trading across various financial markets, accommodating a wide range of trading strategies and preferences.

    Account Types

    Wise Wolves Finance Ltd offers a specialized account type known as the “Client Account,” which is tailored to individual client needs. This account is designed to provide a comprehensive and personalized trading experience, catering to the specific requirements and investment goals of each client.

    Additionally, the firm offers a demo account, allowing clients to practice trading and familiarize themselves with the platform without any financial risk. This approach indicates a focus on providing a bespoke service, aligning with the firm's emphasis on a tailored approach to client demands.

    How to Open an Account?

    Opening an account on a trading platform in WWF typically involves several standard steps. Heres a step-by-step guide:

    To start trading, users should contact WWF and take three simple steps:

    1. Fill out the Client Questionnaire

    2. Prepare the set of documents as listed in the letter accompanying the Questionnaire

    3. Follow our Client Mangers instructions to open a brokerage account and start trading

    Here are the following contact details:

    Wise Wolves Finance Limited

    Spyrou Kyprianou 61, Mesa Geitonia,

    4003 Limassol, Cyprus

    Tel.: +357 25 366336

    Att: Client Manager

    How to Open an Account?

    Spreads & Commissions

    Wise Wolves Finance Ltd advertises spreads as low as 0 pips, indicating competitive pricing in their trading offerings.

    However, specific details about their spreads and commission structures are not explicitly detailed. This lack of detailed data suggests that potential clients should be diligent and inquire directly with the firm for a comprehensive understanding of all applicable fees and charges.

    It's important for traders to be aware of the potential for additional costs, such as commission fees, overnight financing charges, or any other fees that may apply to their trading activities.

    Trading Platform

    BCS Markets provides its traders with access to two of the industry's most renowned trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

    Wise Wolves Finance Ltd provides its clients with access to two of the most popular and widely-used trading platforms in the financial industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their robust functionality, user-friendly interfaces, and advanced trading tools, making them suitable for traders of all experience levels.

    MT4 is known for its strong analytical capabilities, offering a multitude of technical indicators and charting tools, automated trading through Expert Advisors (EAs), and extensive back-testing environment for strategy development.

    MT5, as the successor to MT4, builds on these strengths with additional features like more timeframes, advanced pending orders, an integrated economic calendar, and enhanced tools for price analysis.

    Trading Platform

    Deposit & Withdrawal

    Wise Wolves Finance Ltd provides a selection of deposit and withdrawal options, catering to the convenience and preferences of its clients. However, unlike BCS Markets, Wise Wolves Finance requires a considerably higher minimum deposit amount of $10,000, which is an important consideration for potential clients.Deposit Methods:

    1. Bank Transfer: This method allows clients to transfer funds from their bank accounts directly to their Wise Wolves Finance trading account. While secure, this method might take a few business days to process, depending on the banks involved.

    2. Bank Card: Deposits can be made using credit or debit cards. This method is usually faster than bank transfers, with funds typically credited to the trading account more quickly.

    3. Internet Banking: As a digital alternative to traditional bank transfers, internet banking facilitates fund transfers through online banking systems. This method is often more expedient than conventional bank transfers.

    Withdrawal Methods:Details regarding specific withdrawal methods are not explicitly provided. However, it is common for financial institutions to offer withdrawals through the same channels used for deposits.

    Thus, clients of Wise Wolves Finance can likely expect to withdraw funds via bank transfers, bank cards, and internet banking.

    Clients are advised to verify the availability of these methods and any associated processing times or fees directly with Wise Wolves Finance to ensure clarity and avoid any inconveniences during the withdrawal process.

    Deposit & Withdrawal

    Customer Support

    Wise Wolves Finance Ltd provides comprehensive customer support to its clients through multiple channels. Clients can reach out to their support team via email atwwf@wise-wolves.comfor queries or assistance. Additionally, telephone support is available at +357 25 366336, offering a more immediate form of communication.

    For those preferring to send documents or communicate via fax, the fax number is +357 25 355233. The company is headquartered at Spyrou Kyprianou 61, Mesa Geitonia, 4003 Limassol, Cyprus, which can be useful for correspondence or in-person inquiries.

    Furthermore, their website,https://wise-wolves.com, provides additional information and resources for clients. This multi-channel approach to customer service ensures that clients have various options to contact Wise Wolves Finance Ltd, catering to different preferences and needs.

    Customer Support

    Conclusion

    Wise Wolves Finance Ltd, established in 2016 and regulated by the Cyprus Securities and Exchange Commission, offers a comprehensive range of financial services and trading opportunities. The company provides access to popular trading platforms like MT4 and MT5, catering to a variety of tradable assets including Forex, shares, and bonds.

    With a high minimum deposit requirement of $10,000 and competitive spreads as low as 0 pips, it targets a more experienced and financially robust clientele. Wise Wolves Finance emphasizes a tailored client approach, offering a singular client account type and a demo account for practice trading.

    While it faces certain challenges, such as an expired FCA authorization and a lack of proprietary trading software, the firm maintains a focus on customer support, accessible through multiple channels including email, phone, and fax.

    Its position in the financial market is marked by its commitment to personalized service and a diverse investment portfolio.

    FAQs

    1. What trading platforms does Wise Wolves Finance offer?

      The company offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are popular for their advanced trading tools and user-friendly interfaces.

    1. What is the minimum deposit required to open an account?

      Wise Wolves Finance requires a minimum deposit of $10,000 to open a client account.

    1. What types of financial instruments can I trade with Wise Wolves Finance?

      The company offers a variety of financial instruments, including Forex, shares, bonds, derivatives, and various other investment and ancillary services.

    1. Does Wise Wolves Finance offer a demo account?

      Yes, Wise Wolves Finance provides a demo account option for clients to practice trading without financial risk.

    1. How can I contact Wise Wolves Finance customer support?

      Customer support can be reached via email atwwf@wise-wolves.com, by phone at +357 25 366336, or via fax at +357 25 355233.

    User Reviews

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    Kaung Khant Aung
    more than one year
    I was initially impressed with Wise Wolves Finance and found their website to be professional and informative. However, I came across a few negative reviews from people claiming to have been scammed by them, which left me feeling skeptical. While I have not personally invested with Wise Wolves Finance, the mixed reviews and lack of clear information about their regulatory status have left me hesitant to do so.
    2023-03-20 18:19
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    FX1369279165
    more than one year
    I received an ad for WWF on social media, claiming to be a reliable company. What I saw, however, was accusations made by many victims against it. fraud company! I would definitely not invest here.
    2023-03-10 18:37
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