Warning: Is CGWise a Scam?

Warning: CGWise (cgwise.com) Analysis

Be wary of CGWise (cgwise.com); it exhibits multiple signs of a scam.

CGWise presents itself as a investment platform, but it appears unregulated by any major authority, like the ASIC or CySEC.

Scammed by CGWise?

Are you unable to access your investment from CGWise? Submit the form below to speak with our investigative team for a no-obligation consultation.

Can You Trust CGWise?

The most alarming issue is that CGWise (cgwise.com) lacks regulation from a credible authority.

Investing with unlicensed entities is very risky. Legitimate firms are must be authorized with agencies like the FINRA or FCA for your protection.

CGWise lacks this protection. This means there is no safety net if they keep your funds. Many investment fraud use unregulated entities, and recovering money from them is difficult without expert help.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not part of regulatory bodies, so your capital is at risk.

Warning Signs of CGWise

Online trading fraud is evolving. Criminals use manipulation to take wealth. Below are typical methods seen in brokers like CGWise (cgwise.com).

Dating App Scams

"Pig Butchering" is a common tactic where scammers build trust over months. They fake a friendship on social media. Eventually, they mention a "lucrative" investment. It is a lie to lure you onto a scam site like CGWise.

Fake Trading Dashboards

Fraudsters build websites that look exactly like legit trading apps. You see graphs and profits that increase. But it is a game. The broker controls the numbers to convince you to deposit more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" you don't know.
• Unregulated: The firm has no authorization.
• Guaranteed Profits: They promise 1% daily returns with no risk.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Do not trust fake reviews. Fraudulent brokers often post their own 5-star comments to appear real.

Verdict

Our verdict is to avoid CGWise. It is likely a fraud. Protect your money and use a licensed broker. Avoid cgwise.com at all costs.