- Bulgaria and Cryptocurrency
- About WiseBanc
- What Does it Offer?
- Wisebanc Issues
- Is WiseBanc Legit or a Scam?
We are going to review a Bulgarian broker. It has the excellent infrastructure built around the trading of the crypto blockchain. Yes, this company has many other initiatives, but crypto-currency is one of its best suits. Following, we are going to review this broker and let you know whether it’s trustworthy or not.
Wise Banc a forex broker that was introduced back in 2017. This is a Bulgaria based company that is a subsidiary of Orion Service EOOD. The company address is Orion Service EOOD 39 Aleko Konstantinov Street Sofia Bulgaria.
Wise Banc is very generous when it comes to financial instruments. This is one of the strongest suits of this broker. Wise Banc offers several currency pairs and various CFDs as well as Commodities, Stocks, and Cryptocurrency.
The company brings us the latest and greatest instruments of financial markets. It offers the most popular coins including Bitcoins, Litecoin, Ripple, Ethereum, Bitcoin Cash and others. These currencies are traded against USD, AUD, and EUR. The company has high leverage levels and even offers Islamic accounts.
- Blacklisted by FCA
Wise Banc is blacklisted by no one but the most authoritative Financial Regulator in the world. Yes, the Financial Conduct Authority has banned Wise Banc from operating on the UK soil. The broker is found guilty of engaging in unethical practices, so the regular passed on this verdict.
There were many complains against Wise Banc, and it’s about time someone took notice of them!
- Blacklisted by Central Bank of Ireland
This is a first for us. We don’t have bans from The Central Bank of Ireland, but there is a first time for everything. The Central Bank of Ireland has banned this broker because it was scamming people. Yes, it is mentioned on the blacklist that all of these brokers were found guilty of unethical practices including scamming people and ripping off their money.
We will say it was about time the company got caught up with its wrongdoings. A broker that is blacklisted by two regulators instead of one is one to stay away from.
What do you expect us to say? Trust Wise Banc? We are far past saying anything like that. The regulators have made our case. But we wanted to continue the tradition and say it loud for the one last time, stay away from this broker at all costs. It will only steal your money!