Financewise Review: Scam Or Legit? | Recover Lost Funds

Financewise Review: Scam Or Legit? | Recover Lost Funds
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Is Financewise a scam? How to recover funds from Financewise? Find the answers to all these questions and more in this guide.
Summary

Financewise has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Exton Global. We’ve received over 4 complaints against Financewise.

Financewise is unregulated, indicating that it is most likely a scam. They can disappear without a license, leaving victims vulnerable. After significant efforts, red flags include disabled payments and inaccessible customer assistance. Because the cycle comprises phony reviews, lobbying for significant investments, and final closure, care is essential.

1

Key Takeaways

Financewise has lost investors thousands of dollars
Financewise website owner is anonymous
Vague terms of service
2

Is Financewise Regulated? Do They Have a License?

The lack of regulation or the presence of poor regulation is a huge red flag. It means Financewise is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Financewise, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?

3

Trading Conditions and Deposit/Withdrawal Methods at Financewise

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4

Financewise Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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5

Financewise Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Financewise tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Financewise reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Financewise, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Financewise enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Financewise reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Financewise.

Financewise reviews coverage

You should always look out for consumer complaints. In the case of Financewise, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Financewise? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Financewise Legit Or Scam?

Financewise is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Financewise can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Financewise?

All the evidence suggests that Financewise is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

7

Frequently Asked Questions

Is Financewise a scam?

According to the online reviews of this company, it’s highly probable that Financewise is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Financewise?

Yes, you can withdraw your funds from Financewise by getting in touch with one our experts. Get your money back immediately.

Where is Financewise Located?

There is no information available on the location of Financewise.

How do I get my money back from Financewise?

To get your money back from Financewise, you can file a chargeback. Learn more here.
8

How The Financewise Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

9

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If you’ve lost money with Financewise, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Financewise Review: Scam Or Legit? | Recover Lost Funds
Financewise Review: Scam Or Legit? | Recover Lost Funds

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