Warning: Is MyWiseMarket a Scam?

Is MyWiseMarket (mywisemarket.com) a Scam?

Our experts urge you to stay away from MyWiseMarket (mywisemarket.com).

We found that the company name is Wise Group LLC, it is located at Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent And Grenadines, and the support email is admin@mywisemarket.com.

MyWiseMarket claims to be a financial provider, but it appears unregulated by any credible commission, like the ASIC or CySEC.

Scammed by MyWiseMarket?

If you believe you have been scammed by MyWiseMarket, do not wait. Fill out the form below to consult our cyber-forensics team for a free consultation.

Is MyWiseMarket Safe?

The biggest issue is that MyWiseMarket (mywisemarket.com) is unauthorized from a credible authority.

Trading with unlicensed firms is extremely dangerous. Legitimate firms are must be licensed with bodies like the SEC, ASIC, or FCA to ensure consumer safety.

MyWiseMarket lacks this protection. This means there is no protection if they keep your money. Most investment fraud involve unlicensed entities, and getting back money from them is hard without expert help.

For instance, in Europe, unauthorized firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not members of regulatory bodies, so your capital is completely exposed.

How They Steal Money

Online trading fraud is evolving. Criminals use manipulation to take your savings. Below are typical methods used by sites similar to MyWiseMarket (mywisemarket.com).

The "Romance" Trap

"Pig Butchering" is a cruel method where scammers build trust over weeks. They build a friendship on social media. Eventually, they mention a special investment. It's a trap to lure you onto a scam site like MyWiseMarket.

Rigged Platforms

Scammers build websites that look exactly like legit trading apps. You see graphs and balances that increase. But it is a fake. The scammer controls the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Cold Calling: You get calls from "brokers" you don't know.
• Unregulated: The firm lacks legal registration.
• High Returns: They guarantee huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" first.
• Aggressive Sales: "Account managers" push you to deposit more.

Ignore positive ratings. Fraudulent brokers often write their own 5-star reviews to look legitimate.

Verdict

Our verdict is to avoid MyWiseMarket. It is likely a fraud. Save your funds and find a regulated broker. Avoid mywisemarket.com at all costs.