The project’s creators call themselves an innovative company from Switzerland that works based on artificial intelligence. In addition, they guarantee clients complete security and transparency of work on the platform. Despite this, registration and licensing data are unavailable on the site.
Can you find out what is really behind the lucrative offers? Yes, if you read the WiseBit AI review, where you will learn whether it is worth cooperating with this broker or it is better to refuse.
How to Trade
The company offers clients an “award-winning” proprietary platform that is powered by AI. You can trade stocks, indices, commodities, currency pairs, and cryptocurrency from any device. You will get the following features:
- Ability to choose a trading plan from 5 options.
- Minimum deposits from 500 – 250,000 euros.
- Leverage from 1:10 to 1:50.
- Minimum spread of 0.2 pips.
You will not find any commissions, maximum spreads, or other fees on this site. Money can be deposited/withdrawn via Visa, MasterCard, Bitcoin.
The list of additional services increases along with the deposit size. You will have access to analytics, signals, swing trading, etc.
WiseBit AI Vital Info
The broker talks a lot about the professionalism of the team and the awards received. However, the firm does not provide specific information in the “About Us” section. For example, the start date of the project is unknown. In addition, it is impossible to verify the domain registration date, but according to the web archive, the site only launched in August 2024.
The company claims to be based in Switzerland, but we did not find the WiseBit AI brand in the register of legal entities of this country. As for the license, the site owners post a certificate with the number 555 of authorization from the CCA Conduct Authority. Meanwhile, this structure, designed to control cryptocurrency, is not an official state regulator of brokerage activities. So, it is easy to guess that this intermediary offers financial services illegally.
I'm sure this company is trading against customers. Because the market suddenly goes the other way, and this happens every time I open a profitable position. It can't just be a coincidence! The scammers are clearly manipulating the market!!! I have already lost over $8k!
I received a call from scammers from the wisebit.ai website. They started offering “favorable offers” right away, saying that if I open an account with this broker for 10,000 euros, I will get access to assigned swing trading from the best analysts, income guarantee and complete security. In addition, I would get a bonus of 2,500 euros and access to 1:20 leverage trading with wisebit ai, and it all sounded attractive. However, I am an experienced trader and have been trading for more than one day, and such scammers' tricks will not deceive me. I immediately caught the word “guarantee”. If someone promises you a guaranteed income on Forex, it is already suspicious. Forex is not a place where you can guarantee something, it is a market, and the market is always unpredictable. So, when the crooks told this nonsense over the phone, it was immediately clear to me that it was a scam. Then they started boasting about how they have super tight spreads and low commissions. However, the problem is this: neither on the website nor in the wisebit ai documents are there any specific figures for all spreads and commissions, there are only minimum values. So, you are essentially going into a transaction blind, not knowing how much you will have to pay as a result. This is always alarming for a trader - decent brokers put trading conditions in the public domain at once, so that the client has full information before starting to work on the site. Finally, another issue that puzzled me was the regulation of the intermediary, which is supposedly located in Switzerland. Representatives of wisebit ai started telling me that the broker has a certificate from an unknown cryptocurrency regulator. Where is the FINMA license? I decided to check the legitimacy of the company and asked them to send me a link to the Swiss license. They sent me some fake copy of the license and links that lead to some incomprehensible sites that have nothing to do with the real regulators. I went to the FINMA website and saw that this company is not on the registry. I told the scammers that I would go to the police about this scam project if they bother me one more time, and the scammers did not call me anymore because my threat worked!
I have been trading on the Wisebit AI platform in intraday mode for three weeks, and so far I like everything. The terminal works stably, there are no lags, orders are executed quickly. Orders are opened almost without delays - I place a trade and immediately see that it has been opened. This is important for my strategy because every second counts for me, even though I am not a scalper, time still plays a key role. I haven't had any problems on wisebit.ai. Managers are great, they are not pushy. Managers on other platforms sometimes try to impose unnecessary services on traders, they call for every reason, distracting them from trading. Everything is different here. I choose the moment when I need to contact them. If I need advice, I write to Wisebit AI support. If I don't need advice, I trade quietly and no one disturbs me. The platform is simple but convenient. You will not feel overloaded here, unlike some other terminals, where buttons and windows are piled on top of each other. Here everything is in its place: I open a chart and trade, and if I need to add something from the functionality, I do it in a couple of clicks. In general, the interface is convenient. Also, I do not have any issues with execution. I checked the market entry on the news - there is no slippage. Everything opens clearly and at the price I set! This is important because many brokers start manipulating quotes on the news. Wisebit AI does not engage in any fraud, you can not worry about it. I haven't withdrawn any profit yet, so I can't say anything about this issue.
I started trading here two months ago and at first everything was fine. I thought there was nothing wrong with WiseBit AI... However, the company has gone bad lately. There were no problems with order execution here before. There were no server connection failures either. The support was great. I don't know what happened, but after I deposited an additional 50k euros, I started losing my deposit all the time. I feel like I am working with a different company now! Maybe something has changed in the software, and the clients were not told? Maybe the management of the company has changed plans regarding this resource?
I realized that it is not worth opening a trading account here, after simple checks of the resource, which anyone can do. The reasons are as follows: the company works completely illegally, there are no licenses, links to social networks either do not open, or there are few publications and subscribers and all posts appeared in August 2024. I think it's a scam, and if the crooks steal customers' money, there's no way to find it. Wisebit AI does not have access to the exchange, it is impossible to do so without a license, also there is no proof that the company and traders have different accounts. Where are their details, in which bank? I don't understand how users can trust the owners of wisebit.ai, as I have already listed several good reasons indicating that it is a fake.
I traded on this platform for a few weeks with a minimum account of €500, but I did not like the broker. The reason is simple - trading commissions are higher at WISEBIT AI than the market average. The intermediary offers quite a lot of tariffs, but in terms of entry threshold beginners can choose only one - Basic, on which there are no pluses, except for a relatively acceptable deposit..... Spreads are high, and the size of leverage is quite modest.
The broker works exclusively on a B-Book model, where orders and liquidity provided by the client are not displayed to the real market. WISEBIT AI is not worthy of your attention. This model creates a conflict of interest where it will be beneficial for the firm to help clients lose their deposits, and where the company finds this situation not just beneficial but vital. All the trader's losses are the income of such an organization.
I asked my manager to increase my leverage to 1:100 and applied it in the trade, hoping to increase my chances of profit, but the broker changed the terms without warning, reducing the leverage again to 1:10 at the most inopportune moment. My open positions were immediately closed and I suffered a loss of over 3,400 USD for this reason!! Lack of communication and transparency on the part of the broker is absolutely unacceptable!