WiseBanc Review: Scam or Not? Wise Banc is a Forex and CFD broker owned and operated by Orion Service EOOD, with an address at 39 Aleko Konstantinov st, Sofia, Bulgaria. Their contact phone numbers are Nigeria: +234-14406185 Malaysia: +60-1117000825 South Africa: +27-212043465 and email address is [email protected]
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Wise Banc Trading Platform
Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. WiseBanc broker offers the TraderSoft platform.
Withdrawal and Deposit Method
WiseBanc withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard, Skrill, Neteller.
License and Regulation
Wise Banc is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
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OptionsXO? WMOption? PrimeCFDs? Do these ring any bells?
Of course they do. You should at least know about the OptionsXO scam, that has been out in the public since last year ( http://www.moneyahoy.com/10m-lawsuit-filed-israeli-binary-options-company/ , https://drive.google.com/file/d/0B2lxPNq2sETrOGhMUXlnVEdwSFE/view ).
By the way, it is said all over the internet that Birman Law is also a scam, working together with those fraud israeli firms, so don’t start dreaming that they would be any help if you’ve been scammed.
But let’s talk more about our friend, Wisebanc (aka OptionsXO aka WMOptions aka PrimeCFDs).
Beginnings:
It all started somewhere in 2014-2015 in Israel, Herzliya, to be more precise. The name of the company was Toro Media, having as their owner and CEO Tomer Levi, operated by Omni Capital.
Once more and more israeli scams were discovered, authorities started to do their jobs, banning all binary options scammers from Israel, so they had to find somewhere else to operate from. Where did OptionsXO (at the time) move to? Romania, the land of opportunities when it comes to binary scams.
Where are they located?
They only have 2 offices left, after their attempt to work under a Cysec regulated platform as well (Wise Trader in 2017, located in Bucharest at first, and later on in Cyprus). Since 2016, they have the main offices in Bucharest, Romania (retention office: Calea Floreasca 169, 2nd floor, ‘Toro Telemarketing’, and conversion office also in Bucharest, under the same name), but they are also located in Kiev, with one office, operation both conversion and retention. Their bank accounts are obviously in the Marshall Islands, Belize, Bulgaria, Romania.
How they operate:
The employees use fake ‘stage’ names, everyone of them has a fake background story, lie about the place they are located in (at first, they used to say the office was in the UK, in Liverpool, later on they started saying they were in Bulgaria, right next to Romania, when, in fact, they were in Romania).
There are two main departments in the office:
– conversion: account managers: their jobs is to call clients who just registered, lurking them into making a deposit; they are not allowed to talk to the employees from the other department about customers (they are working in separate offices as well), as they are not allowed to know much about the business, other than they have to convince clients to deposit and the so-called senior account manager is going to take it over from there;
-retention: senior account managers: this is the real boiler room, where the real scammers do their jobs, calling clients who deposited and tricking them into depositing larger amounts of money, so they can profit faster, opening ‘successful’ trades for them, so it look real; the real magic is how they use Team Viewer so they can see how much money a client has in his bank account, or how they steal money from their account without approval, passing all bank security layers. If a customer dares to say he doesn’t want to put more money into the account, they push and push and eventually, they tell him he’s on his own then, starting trading the initial deposit without customers being aware of it (therefore, the customers lose even the initial deposit).
How do they get customers?
Through scam adds, such as The Bitcoin Code, The Bitcoin Revolution, The Crypto Code or by buying data from other companies.
Why Wisebanc aka OptionsXO aka WMOptions aka PrimeCFDs?
The reason they change the platform’s name so often is because:
1. too many bad reviews online, so it’s hard to trick people;
2. being blacklisted by the banks, so transactions won’t work (unless they are using China made terminals);
3. good way of erasing customers from their database and stealing their money.
WISEBANC IS A SCAM!
Once you’re in, you will never get out. Biggest scam company operating on the market, stealing customers money (not only money they invest, but also make transactions without customers approval, never allowing withdraws , very aggressive, using a fake platform (claiming it’s regulated by Cysec), getting warnings and fines from different authorities).
If you happen to have invested with these scammers, go to a bank with all you have against them (screenshots of the conversations, recordings, bank statements, emails) and start a dispute against them (Chargeback).