Wischoffspreads
On January 30, 2024, the Malta Financial Services Authority (MFSA) issued a warning against Wischoffspreads, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-wischoffspreads-unlicensed-entity/
According to its website, it claims to be regulated by multiple regulatory agencies. Upon investigation, no matching information was found in the Federal Financial Supervisory Authority (BaFin), Autorité des Marchés Financiers (AMF), Italian Companies and Exchange Commission (CONSOB).
In addition, the Malta Financial Services Authority (MFSA) issued a warning against Wischoffspreads, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
In essence, Wischoffspreads is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Wischoffspreads appears to be a scam.
According to its website, it claims to be regulated by multiple regulatory agencies. Upon investigation, no matching information was found in the Federal Financial Supervisory Authority (BaFin), Autorité des Marchés Financiers (AMF), Italian Companies and Exchange Commission (CONSOB). In addition, the Malta Financial Services Authority (MFSA) issued a warning against Wischoffspreads, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. In essence, Wischoffspreads is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Wischoffspreads appears to be a scam.BrokersView found that the domain "https://www.wischoffspreads.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.wischoffspreads.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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