Wisdom Finance review 2023 | File A Scam complaint (2024)

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Wisdom Finance Review 2023 – Get Help if you are a victim of Wisdom Finance Scam

About Wisdom Finance

Website – http://www.wisdomfinance.co.uk/

Address – 6-9 The Square, Hayes, Uxbridge, UNITED KINGDOM, UB11 1FW

Warned By – Financial Conduct Authority (United Kingdom)

Domain Age Information of Wisdom Finance

Domain Namewisdomfinance.co.uk
Date RegisteredApril 27, 2023
Domain Age1 month, 22 days, 16 hours, 23 minutes, 41 seconds

A Leading Sub-Prime Automotive Finance Institution Founded in 2003, Wisdom Financial is an industry leader in sub-prime automotive finance. Our team consists of seasoned professionals from all corners of the automotive industry. Our primary goal is to fill the void left by other lenders and extend credit to customers who are not eligible for credit elsewhere. This has led to a significant increase in our dealer network’s ability to move inventory. We take pride in our advanced loan structures, prompt callbacks, and same-day funding. If you’re searching for an experienced lender to boost your bottom-line profits, look no further than Wisdom Financial.

The main reason why Wisdom Finance is a possible scam broker is that the broker has got many Complaints and negative Wisdom Finance reviews . Other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Regulation

The Wisdom Finance website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the Wisdom Finance. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.

Whoever owns the Wisdom Finance is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.

Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).

We also reviewed comparative-looking broker sites in ourscam brokers 2023 list, the vast majority of them are unlicensed and obscure.

Wisdom Finance possible scam activities

It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Wisdom Finance review.

  • The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
  • The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
  • The broker may have made a number of false claims through its website.
  • The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
  • The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
  • This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Wisdom Finance Review: Complaints and Negative Feedback

Wisdom Finance has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

After Searching internet you will find many negative Wisdom Finance Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Wisdom Finance reviews are negative.

Scammed by Wisdom Finance? How to get your lost money back from Wisdom Finance?

Scamed by Broker? The best solution recommended for getting your lost money back from Wisdom Finance is Report Scam Community

It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses.They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling a very short complaint form.

Wisdom Finance Review: Conclusion

To begin with, Wisdom Finance is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold all valid licenses and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Facebook Page – Visit – ReportScam Community

Twitter – Report Scam Forum

Instagram – Reportscamcommunity

Note: Report Scam Community has conducted many researches before flagging Wisdom Finance as a possible scam in this Wisdom Finance Review. Are you planning to trade with Wisdom Finance and invest your money? Report Scam suggests you to read this Wisdom Finance Review first first

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Wisdom Finance review 2023 | File A Scam complaint (2024)

FAQs

Is Wisdom Finance legit? ›

Wisdom Finance is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.

What happened to Financial Wisdom? ›

CBA intends to cease providing licensee services through Financial Wisdom by June 2020 and will proceed with an assisted closure. CBA will support advisers through an orderly transition to alternative arrangements, including self-licensing or joining another licensee.

Who owns financial wisdom? ›

Manalee Verneker is the founder of Financial Wisdom, a privately established financial services firm based in Goa, India. Financial Wisdom was founded by her in 2021, after just less than a decade of experience in the field of personal finance.

What are the top fake loan apps? ›

Fake Loan Apps in India
SR. NO.Fake Loan App List
1Agile Loan app
2Aladdin Lamp
3Angel Loan
4Apna Paisa
112 more rows
Feb 20, 2024

What do I do if I get scammed by a loan company? ›

If you or someone you care about is the victim of a fraud, scam or financial exploitation, you can report the fraud or scam to the Federal Trade Commission.

Do banks refund scammed money? ›

If you paid by bank transfer or Direct Debit

Contact your bank immediately to let them know what's happened and ask if you can get a refund. Most banks should reimburse you if you've transferred money to someone because of a scam.

What is the Wisdom Fund? ›

Wisdom Funds is an Australian based active equities fund manager. Its aim is to deliver consistent long-term outperformance above the benchmark S&P ASX 300 Index by constructing and managing a concentrated portfolio of quality grade equities in a highly disciplined manner.

Who is financial wisdom? ›

Financial Wisdom Limited1 is a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia (CBA). Financial Wisdom Limited previously authorised financial advisers and practices to provide financial advice under its Australian Financial Services Licence.

Are online lenders legit? ›

Can you distinguish between reputable lenders and scams? Loans from online lenders are as safe as loans originated from large banks, provided that the online lender is reputable. A reputable lender checks your credit, discloses the loan's costs and verifies your ability to repay before approving your application.

Are all online loans legit? ›

Well, not always. There are plenty of scammers looking to prey on unsuspecting people who are in desperate need of money, and it's for this reason that it's essential for you to keep an eye out for warning signs of an online loan scam.

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