ScamCrypto Forum Forums Legal and Regulatory Discussions Unregistered Trading Service – WisecapitalX

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      Attention community: The British Columbia Securities Commission (BCSC) has issued a warning regarding an unregistered online trading service targeting residents in British Columbia.

      Entity in Question:

      • Name: WisecapitalX
      • Date of Warning: 2024-03-27
      • Contact and URL:

      WisecapitalX purports to provide online trading services for various financial instruments, including currencies, commodities, stocks, indices, and cryptocurrencies. It has come to light that they are accepting residents of British Columbia (BC) as clients.

      WisecapitalX is not registered to trade in or advise on securities or derivatives in British Columbia. Engaging with unregistered platforms can pose significant risks, including the potential loss of investment funds.

      If you have interacted with WisecapitalX, especially if you have invested money through their platform, your story is important. By sharing your experience, you can assist in the investigation and help prevent others from potential scams.

      Remember, registration is key in protecting investors. Before engaging with any online trading service, ensure they are authorized and registered by checking with your local regulatory body.

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