Warning: Is Wigbit a Scam?

Investigation: Wigbit (wigbit.com)

Be wary of Wigbit (wigbit.com); it exhibits several signs of a scam.

Wigbit appears to be a investment platform, but it appears currently illegal by any top-tier authority.

Scammed by Wigbit?

If you think you were tricked by Wigbit, do not wait. Fill out the form below to talk to our investigative team for a complimentary assessment.

Can You Trust Wigbit?

Our check confirms that Wigbit lacks a valid license.

Trading with unlicensed firms is extremely risky. Real firms are always registered with agencies like the FCA, CySEC, or CFTC for your protection.

Wigbit lacks this supervision. This means there is no protection if they withhold your money. Most online scams use unregulated entities, and recovering funds from them is challenging without expert assistance.

For example, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In America, they are not members of regulatory bodies, so your capital is at risk.

How They Steal Money

Investment fraud is evolving. Fraudsters use social engineering to steal wealth. Below are common methods used by sites similar to Wigbit (wigbit.com).

Dating App Scams

The "Romance Scam" is a cruel method where scammers groom victims over weeks. They build a relationship on social media. Once trust is built, they introduce a "lucrative" crypto opportunity. It's a trap to get you onto a scam site .

The "Bonus" Trap

Fraudsters build websites that mimic legit trading apps. They have charts and profits that increase. But it is a fake. The scammer manipulates the numbers to convince you to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Cold Calling: They call you from "brokers" you don't know.
• Unregulated: The company lacks legal registration.
• High Returns: They promise 1% daily returns with no risk.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Ignore positive ratings. Scammers frequently post their own positive reviews to look legitimate.

Conclusion

Our verdict is to avoid Wigbit. It appears to be a fraud. Save your funds and find a licensed broker. Avoid wigbit.com at all costs.