Capitalwise Review
Beware Investors Capitalwise – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.
Who is Capitalwise?
Capitalwise is a company that claims to provide online trading platforms, investment advice, and portfolio management services. They claim to have offices in London, UK, and Toronto, Canada. However, they are not registered with the OSC or any other securities regulator in Canada. This means that they are operating illegally and are not subject to any regulatory oversight or protection.
Regulation:
Capitalwise is not regulated by the OSC or any other securities regulator in Canada. They are also not a member of any self-regulatory organization, such as the Investment Industry Regulatory Organization of Canada (IIROC) or the Mutual Fund Dealers Association of Canada (MFDA). This means that they do not have to comply with any rules or standards that protect investors’ interests and rights. They also do not have to participate in any dispute resolution or compensation schemes that help investors recover their losses in case of fraud or misconduct.
Location:
Capitalwise claims to have offices in London, UK, and Toronto, Canada. However, their website does not provide any physical address or contact information for these locations. Their domain name is registered anonymously and their phone number is a virtual number that can be redirected to anywhere in the world. Their website also contains many grammatical and spelling errors, which indicate a lack of professionalism and credibility.
Services:
Capitalwise claims to offer a variety of investment services, such as online trading platforms, investment advice, and portfolio management. They claim to have access to global markets and offer high returns on various assets, such as stocks, commodities, currencies, and cryptocurrencies. However, they do not provide any evidence or documentation to support their claims or verify their performance. They also do not disclose any fees, commissions, or risks associated with their services.
Reviews:
Capitalwise does not have any positive or credible reviews from independent sources. Their website features some testimonials from alleged clients, but these are likely fake or fabricated. They also have a Facebook page with some positive comments, but these are also likely from fake accounts or paid promoters. There are no reviews or ratings from reputable websites or platforms, such as Trustpilot, Google Reviews, or Better Business Bureau.
Customer Service:
Capitalwise does not have reliable or responsive customer service. Their website does not provide any email address or live chat option for communication. Their phone number is a virtual number that may not be answered or may be disconnected at any time. Their Facebook page does not allow direct messages or comments from users. They may also use aggressive or deceptive tactics to pressure investors into depositing more money or prevent them from withdrawing their funds.
Securing Your Investments: Shielding Against Unscrupulous Brokers:
Capitalwise is an example of an unscrupulous broker that targets unsuspecting investors with false promises and fraudulent schemes. To avoid falling victim to such scams, investors should always do their due diligence before investing with any company. Here are some tips to help you secure your investments and shield yourself against unauthorized entities:
– Check the registration status of the company with the OSC or your local securities regulator. You can use the National Registration Search tool on the Canadian Securities Administrators (CSA) website to verify if the company is registered and authorized to operate in your jurisdiction.
– Check the reputation and credibility of the company online. You can use various websites and platforms, such as Trustpilot, Google Reviews, Better Business Bureau, Scamwatcher.org, Forex Peace Army, etc., to read reviews and ratings from other investors and experts.
– Check the contact information and physical address of the company. You should avoid companies that do not provide clear and verifiable contact details or that use anonymous domain names, virtual phone numbers, or PO boxes.
– Check the terms and conditions of the company’s services. You should avoid companies that do not disclose their fees, commissions, risks, or withdrawal policies clearly and transparently.
– Check the security and regulation of the company’s trading platforms. You should avoid companies that do not use secure and encrypted websites (https://) or that do not have any regulatory logos or seals on their platforms.
– Check the performance and track record of the company’s investment strategies. You should avoid companies that do not provide any proof or documentation of their past results or that guarantee unrealistic returns on your investments.
Conclusion:
Capitalwise is an unauthorized entity that poses a high risk to investors’ money and security. The OSC has issued an alert to warn investors about this company and advise them to exercise caution when dealing with it. Investors should always conduct thorough research before investing with any company and report any suspicious activities to the OSC or their local securities regulator.
