Wisetrader Review >>The number of forex brokers is increasing daily, and they are now available nearly everywhere. Prior to beginning a relationship with a broker of this kind, you need to set certain ground rules. Priority should be given to registration and licensing with a reputable regulatory authority.
A regulating body such as this would protect you from dishonest brokers who are always on the lookout. Wisetrader.com is a relatively young forex broker, established in 2015 but just licensed in the second half of 2017.
To conduct a fair and objective assessment of Wisetreder.com, we will examine the company’s licensing, registration, platform, and the opinions of actual consumers.
To begin, wisetrader.com seems to be a well-designed website. The website’s aesthetics and content are all consistent with the website’s overall concept. However, what is written there is indecipherable.
For example, the disclaimer section is so tiny and dimly lit that nothing is visible! As a result, the website suffers since, although customers seldom read the small print in terms and conditions, any attempt by the broker to conceal information raises concerns.
Wisetrader.com F1Markets Ltd is the company that owns and operates the forex broker. The company’s website indicates that the registration address is Tassou Papadopoulou 6, Nicosia, Cyprus, and the main office is at Kalonakiou Avenue 434103 AY, Athanasios Limassol, Cyprus. Wisetrader is registered and regulated by the Cyprus Securities and Exchange Commission (CySEC). The licence plate number for this car is 267/15.
Additionally, WiseTrader is a rapidly expanding online brokerage company that enables clients to trade Contracts for Difference (CFDs) on stocks, commodities, indices, and currencies on major global stock exchanges. WiseTrader was founded in 2008 and is headquartered in London.
WiseTrader is a brand-new online trading business that launched less than a year ago in 2017. While this brokerage is new, the business behind it, F1Markets Ltd, is a long-established financial services corporation licensed by the Cyprus Securities and Exchange Commission (CySEC) under License number 267/15.
WiseTrader is a worldwide brokerage firm with locations around the globe. It welcomes merchants from almost every country except the United States, Australia, and Canada. As a worldwide broker, WiseTrader offers its services in a variety of languages, including English, Spanish, Italian, and Dutch.
Platform and Tools
WiseTrader is a brokerage that has earned a reputation for being creative and disruptive in the online trading business, in part due to the creation of their own unique web-based trading platform. The platform is attractively designed and intuitively integrates a multitude of sophisticated features and functions.
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Despite its complexity, the platform is simple to browse and utilise, owing to a well-designed interface. Several charting tools and technical indicators are included in the advanced features, which enable traders to quickly identify market patterns and an asset’s volatility.
Beginners and experienced traders alike will find this platform to be more than enough for their requirements, since it is user-friendly while being smart and feature-rich. Additionally, this browser-based platform is accessible from any desktop computer or mobile device with an internet connection. As a consequence, traders are able to make critical choices and manage their portfolios on the move.
Despite the fact that WiseTrader’s platform and brokerage services are among the best in the industry, the broker has received little attention. On the other hand, WiseTrader is still in its infancy and is likely to gain prominence in the future if it continues to provide adequate services and a pleasant trading experience.
As a company, WiseTrader takes great pleasure in providing a diverse selection of tradeable assets, including some that many conventional brokers do not currently provide. Bitcoin is a kind of tradable asset. Apart from this cutting-edge asset class, WiseTrader offers a diverse variety of CFD instruments, including foreign exchange, commodities, indices, and stocks.
The trading platform offers over 180 high-quality assets, up to 1:400 leverage, and ultra-low spreads, making it one of the most competitive in the industry.
Funding and Payments
WiseTrader offers a range of deposit and withdrawal options to its customers. WiseTrader does not charge for any of its services, despite the fact that payment methods do. Deposits must be a minimum of $250, while withdrawals must be a minimum of $50. Deposits must be a minimum of $250, while withdrawals must be a minimum of $50.
There are no limits on the amount of money that a customer may deposit or withdraw at any time. All major debit and credit cards, wire transfers, and a variety of electronic wallets such as Qiwi, Neteller, Skrill, Yandex, and iDeal are accepted as payment options for deposits and withdrawals.
These methods take Euros, US dollars, and British pounds as payment. The currency in which a client deposits is the same as the currency in which they must withdraw. WiseTrader, on the other hand, does not provide its customers or clients any incentives or promotions.
This is mostly owing to regulatory concerns, since they are controlled by the Cyprus Securities and Exchange Commission (CySEC), which bans brokerage firms from giving customers incentives or promotions.
Wisetrader Customer Support
WiseTrader is committed to providing each of its customers with excellent and personalised customer service. Because the firm is really invested in its customers’ success, it puts a premium on providing exceptional customer service. 24 hours a day, five days a week, Monday through Saturday, contact with a support person is accessible.
Email, an online contact form, a live chat session, and a phone call are all accessible for assistance. Customer support personnel are kind and professional, and they respond to inquiries promptly.
Another option is to contact the brokerage through social media platforms such as Facebook, Twitter, LinkedIn, YouTube, or Google+. Apart from that, traders may get assistance from the extensive FAQ section, which is jam-packed with useful information and is simple to browse.
While WiseTrader has established itself as an appealing and successful online trading brokerage with superior services and a diverse range of tradable assets, there are some significant drawbacks to consider, including the following: Although it is well-designed, it lacks the familiarity with which many forex and CFD traders are accustomed.
Additionally, although the brokerage offers a diverse selection of tradeable assets, it falls short of the offerings of some of the more well-known online brokers.
Another disadvantage of using WiseTrader is the absence of awards and promotions, which may be unsettling for traders used to being recognised for their efforts. Apart from that, the WiseTrader brokerage is excellent, and they would go above and beyond to ensure its customers’ success.
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