KryptoWize Review

Is KryptoWize Scam or Legit Broker?

No, it is not safe to trade with KryptoWize as the broker seems to be a scam. The firm is owned and operated by Rushtag Limited with its registration in Gibraltar, which does not regulate Forex and financial business. 

• Lack of registration is a huge red flag for any broker, and traders should avoid signing with unregulated or offshore brokers, as their investments are not protected legally. 

What is KryptoWize?

Cryptocurrencies are attracting increasing interest, for the technology they are based on and for the profits they can generate. There are thousands of companies currently that offer access to trade and speculate on Cryptocurrencies, while just a few are legally permitted to do so. The rest are considered to be very risky, as simply the client never knows which outcome he will see.

• Safety measures should be implemented before any investment is done, and the first status of reliability to the firm is its regulatory status and if the company has passed all necessary requirements.

• In the case of KryptoWize, the firm is owned and operated by Rushtag Limited with its registration in Gibraltar, which unfortunately does not regulate Forex and financial business. Even with a general overview, there is nothing that attracts that much in KryptoWize trading and evermore acts against trading with them.

• Therefore, we do not advise trading with KryptoWIze as they are simply not overseen by anyone. In addition, the firm already received its warning for an illegal target of residents and offering of service it is not permitted to offer.

  “In spite of prior warnings by the FSMA, cryptocurrency fraud continues to trap ever more victims in Belgium. Therefore the FSMA is publishing a new warning today against these forms of fraud.“

  FMSA, Belgium. October 2018.

KryptoWize Review Conclusion

We constantly remind traders that investing with a non-authorized entity is a high-risk business. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and XM.

KryptoWize Update

Based on our research, the KryptoWize website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.