This review clarifies that Wiseling is an investment scam that is doomed to collapse and lose money.
What is Wiseling
Wiseling is a company that provides financial services and products. It is based in Finland. It focuses on investments in currencies, cryptocurrencies and the medical and IT industry.
For each type of assets Wiseling has investment plans. Daily returns start at 0.8% (fiat currencies) and end at 3% (IT industry). And you can even get up to 27% on deposits of people you refer to the system.
The minimum investment amount is 50 USD for the lowest plan and 50,000 USD for the highest plan.
Wiseling claims to be a legit and registered company. Can you trust it?
Unfortunately, Wiseling is not legit, it’s an investment scam that is going to crash hard and lose money to people. In this review we explain why.
Fake company and illegal service
We made a research about Wiseling and found out that it is a very shady company. The first thing we noticed is that the address it provides is a location for virtual offices.
In other words, the company does not have permanent offices at Itäkatu 1-5 3rd and 4th Floor, 00930 Helsinki, Finland, it just rents the space when needed.
That alone might not be enough to convince you about the true nature of Wiseling. But have a look at this. While there is a company called Wiseling registered in Finland, it is not authorized to provide investment or any other financial services.
In other words, Wiseling has just a tax registration that is very easy to get and requires no proof of legitimacy.
Wiseling openly says that it is providing financial services, which means that it needs a license from the Finnish financial regulator FIN-FSA. It is the law.
But Wiseling is not authorized by the FINA-FSA to provide financial or investment services, which means that as a company it is acting illegally.
And the same fact applies anywhere in the world, almost every country regulates financial services and requires companies to get licenses if they want to do anything in that industry.
Wiseling cannot offer its services legally in most countries of the world. It is only a matter of time before regulators start going after this company.
Fraudulent investment plans
Most of the time the quickest way to identify investment fraud is to look at the investment plans. And it is a useful exercise with Wiseling too.
Because up to 3% daily is something that can be seen with scams only. 3% daily means 90% monthly. This means almost doubling your money every month. And that really is impossible in the real world.
Financial trading is very volatile. Yes, you can have a day when you make 3% or even more. But it is impossible to have every day like this. Likewise, you can have a lucky month when you will double your money. But again, it is impossible to have every month like this.
World’s best investment companies that are sitting on billions of dollars will rarely do a year over 100%, most of them never will. That is the reality of financial markets. The sooner you accept it, the better for you, because it will help you to avoid a lot of scams.
You see, should somebody really be able to double the invested amount every month, they would not beg the public to enter their program for free and incentivize recruiting through an affiliate program.
If they needed capital for their trading, they would just borrow it for a few percent per year while they would multiply the money over and over again. But again, it is just impossible.
How Wiseling works
Wiseling obviously is a Ponzi scheme. It means that they do not trade financial markets, they do not invest, they just play an illegal financial game.
They just redistribute money among members. Meaning that they take money from new members and give it to older members. That is how Ponzi schemes work and that is why they always collapse in the end.
Because they need an exponentially growing amount of money coming in with new deposits, which is something unsustainable.
So, Wiseling will crash by design, it is only a matter of time. This is why you have to stay away from it, you never know when it will collapse, it can be any time.
Also, Ponzi schemes always leave behind a lot of scammed people. Even if a few people at the top might make some profits, it will be money stolen from the vast majority that joined later. It is just something that you don’t want to be part of.
Wiseling review – Conclusion
Wiseling is a scam, a Ponzi scheme that is going to crash hard. We just don’t know when. You have to stay away from it!
If you are interested in legit investing, open a free demo account with a regulated company and start practicing with virtual money. You will see how everything works and what results you can get.
If you decide to invest real money, pleas make sure you understand the risks and have a solid strategy ready and tested.