Honest Review of WiseCapitalGroup

Often, scam brokers shut down their old projects, undergo rebranding, change their domain name, and reappear online. Our WiseCapitalGroup review is about exactly such a platform, which previously operated under the name CGWise. It is well known to many traders — both those who recognized it as a fraudulent project and those who lost substantial sums of money to it. Has anything changed under the new name? Is it possible to earn profits by working with this firm, or do the risks of losing everything remain just as high? The answers to these and other questions can be found below.

Key Features

• Company Name: WiseCapitalGroup (CGWise)
• Website: https://wisecapitalgroup.net/
• Available Contacts: [email protected]; +448081649195
• Foundation: 2024
• Services: Forex/CFD trading
• License: No
• Initial Deposit: $250

From Sign-Up to Payout

The official website of WiseCapitalGroup appears quite attractive. The minimalist design in black, white, and yellow colors, well-placed images, and quick page loading times will appeal to many. However, a comparison with the previous website (cgwise.com) reveals:

• The broker has kept almost all of the content unchanged, including both the page structure and the materials on them.
• The rebranding turned out to be rather superficial: in almost all the texts on the site, the company continues to present itself as CGWise.

In essence, we only observed cosmetic changes. The company’s policies have not shifted an inch, as reflected in the website’s content:

• The company boasts about ultra-fast payouts to clients, the highest level of security, and using top-notch technologies. However, there is no evidence to support these claims. Meanwhile, no market quotes are displayed in the market review table. Most likely, these “top-notch technologies” have failed.
• The broker claims the use of AI in trading as one of its advantages. Yet, we could not detect any signs of this. No relevant tools have been made available to users.
• The platform has finally abandoned the requirement to register by contacting customer support staff. This is the greatest achievement of the rebranded company. However, deposits are still only accepted in cryptocurrencies.
• The project’s creators seriously claim that “CGWise is established with a reputation for great service.” This, despite the dozens of comments online calling the company a scam.

Our Trading Experience With WiseCapitalGroup

The trading platform used by this broker is very familiar to us. It is not only employed by WiseCapitalGroup (CGWise) but also by more than a dozen other scam platforms.

The first thing we always emphasize to users is security. Combining the trading terminal and the user’s personal account is far from the best solution in this regard. Reputable brokers that genuinely care about the security of client accounts and data use separate accounts for these purposes. However, this rational approach is ignored by the creators of this platform.

If we put aside security concerns, the trading software’s functionality may initially seem sufficient for user comfort. However, after a little use, significant flaws become apparent:

• Traders are limited to only one window with a price chart. When managing an asset portfolio, users lose time loading each chart, which can lead to significant losses in a dynamic market.
• There is no “One-Click Trading” mode.
• Despite a reasonably organized market overview (list of assets), finding the desired instrument quickly is nearly impossible.
• The number of graphical analysis tools is significantly fewer than in platforms developed by leading companies.

In summary, nothing changes with scammers. Unable to afford quality software, they make do with third-rate products. Working with these programs results in significant losses for traders, which, incidentally, the scammers consider a major advantage of their platforms.

Nothing has changed with the broker’s “rebranding” when it comes to trading conditions, either. The company still offers clients four account types:

• Bronze, with a deposit starting at $250 and spreads from 0.8 pips.
• Silver, with a deposit starting at $25,000 and spreads from 0.6 pips.
• Gold, with a deposit starting at $100,000 and spreads from 0.3 pips.
• Diamond, with a deposit starting at $500,000 and spreads from 0.1 pips.

The Reality Check

WiseCapitalGroup is undoubtedly a scam broker. We have already provided ample evidence of this. Let us add the results of analyzing the company’s official information.

The project owners have deliberately avoided mentioning any addresses on the site — neither for registration nor for operational offices. Even the British phone number listed on the contact page does not provide any geographical indication. However, in the Terms & Conditions, it is mentioned that the company operates under the laws of saint vincent and the grenadines (yes, the broker’s “specialists” spelled the name of this Caribbean country exactly like this).

However, as we can see, this broker is not listed in the registry of the local financial regulator, SVGFSA. We checked all possible variations of its name, yet found nothing. This is not surprising — CGWise also claimed to operate under the laws of this jurisdiction but was never registered there.

Of course, just to be thorough, we also checked the UK’s Companies House database. There, we found a record for WISE CAPITAL GROUP LIMITED (registration number 10547839), a company established in 2007 and still active today. It’s possible that the creators of the scam broker looked into this registry and borrowed the name. However, it is clear that this legitimate entity has no connection to the platform in question. The company focuses on real estate, has a staff of just two employees, and declared total assets of only £97,000 (with debts of £105,000) in its latest financial report. With such metrics, it’s safe to say they couldn’t operate as a DD broker.

Thus, we conclude that WiseCapitalGroup:

• Is a virtual service unregistered in any jurisdiction.
• Has no legal right to offer brokerage services, making its operations unlawful.
• Cannot open corporate bank accounts or issue corporate cards, which is why it only accepts cryptocurrency payments. As a result, there is no safety or transparency in deposits, regardless of the flashy animations in their “Banking on Blockchain” section.
• Cannot conduct actual trading, as it cannot establish contracts with liquidity providers or pricing quote suppliers.

How Long Has WiseCapitalGroup Been in the Game?

The website provides no information about the company’s founding date. However, this is hardly an issue — we can always rely on WHOIS data to find the domain registration date.

The domain wisecapitalgroup.net was registered on November 5, 2024, meaning the rebranded CGWise broker has been operational for less than a month. Of course, we know the project has been around for much longer. For instance, the previous domain cgwise.com was registered back in March 2022. This indicates that the scammers have managed to deceive clients for quite some time, and they clearly have no intention of stopping. Today, they’re banking on the fresh reputation of a new name. It’s likely they’ll manage to lure in some inexperienced newcomers. This review aims to warn such individuals.

Extra Fraud Indicators

The domain wisecapitalgroup.net isn’t the first to replace cgwise.com. Previously, the scammers only changed the domain extension (e.g., from .com to .io, .net), but this is the first time they’ve undertaken a complete name change.

Let’s be clear — it hasn’t helped much. Within the first month of operation, reviews of WiseCapitalGroup appeared on Trustpilot, warning users that this platform is a scam and listing the domains previously associated with the project. Experts on industry forums echo these claims: cosmetic changes do not indicate an honest turnaround by this fraudulent entity.

Is WiseCapitalGroup the Right Fit?

We published this review of WiseCapitalGroup with one goal in mind: to warn traders against dealing with the “new” Forex/CFD broker, which is merely a rebranded version of the scam CGWise.

The scammers changed only the domain name and the website’s appearance. The content remains the same, and even the old pseudo-broker name is still used across various pages. They operate without registration or a license, conceal crucial information from clients, and continue to rely on their reputation from the old name.

Their attempt to clean their image has failed, as the connection to CGWise was quickly uncovered by users and experts alike. If you’re considering trading here, beware — this platform has a long history of fraudulent activity, and it cannot be trusted!

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