KryptoWize Review (2023)

• Company name: 

RUSHTAG LIMITED (KryptoWize)

• Registration Address/ License:

Gibraltar. Broker with No License and No Regulation. 

The Cryptocurrencies are attracting increasing interest, for the technology they are based and for the profits they can generate. There are thousands of companies currently that offer access to trade and speculate on Cryptocurrencies, while just a few are legally permitted to do so. The rest are considered to be very risky, as simply the client never know which outcome he will see. The safety measures should be implemented before any investment is done, and the first status of reliability to the firm is its regulatory status and if the company has passed all necessary requirements.

In the case of the KryptoWize, the firm is owned and operated by the Rushtag Limited with its registration in Gibraltar, which unfortunately does not regulate Forex and financial business. Even with a general overview, there is no anything that attracts that much in KryptoWize trading and evermore acts against trading with them. Therefore, we do not advise trading with KryptoWIze as they are simply not overseen by anyone. In addition, the firm already received its warning for an illegal target of residents and offering of service it is not permitted to offer.

“In spite of prior warnings by the FSMA, cryptocurrency fraud continues to trap ever more victims in Belgium. Therefore the FSMA is publishing a new warning today against these forms of fraud.“

FMSA, Belgium. October 2018.

We remind the traders that the investing with a non-authorized entity is a high-risk business, as in order to be a financial service provider the firm should be respective permitted to distribute its service. Otherwise, you never know which kind of business the company operates, and what most important how the broker manages clients funds.