This Broker is Out of Business!
WiseTrader was a CySEC licensed CFD & Forex broker which opened in October 2017, and is now closed.
Owned by F1 Markets Ltd, they are located at: 1 Ayias Zonis & Thessalonikis Street, Nicolaou Pentadromos Center, Office 908 A & B, 9th Floor, CY-3302 Limassol, Cyprus. Their phone number is: +357 25123326. Customer support email address is; [email protected].
Complaints and withdrawal problems with this broker should read this.
WiseTrader Review
WiseTrader gives their investors a trading platform for CFD and Forex trading called TraderSoft. Available for trading are hundreds of underlying assets from Forex, Stocks, Commodities and Market Indices. Standard leverage on Forex pairs like EUR/USD is 200:1, and the spread is 3 pips.
Like many Forex broker, they also have Crypto Currency CFD trading available. The spreads on BTCUSD are pretty wide at $200.
Right now, Wise Trader is only offering their web based desktop trading platform, and will soon hopefully release mobile apps and MetaTrader 5. Their minimum deposit for a new trading account starts at $250, and their website is localized into English and Japanese.
WiseTrader License & Regulation
What we look for when we review CFD or Forex brokers to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by a competent government financial regulator like CySEC in Europe or the F.C.A. in United Kingdom. Trading with a licensed broker ensures you will not have issues withdrawing your investment, read more.
WiseTrader is licensed and regulated by CySEC in Europe, with license number 267/15.
When choosing a new Forex broker, it is very important to verify that they are in fact licensed for investors from your country of residence.
Compare WiseTrader
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup. You can see our list of most popular brokers.
ForTrade is a very popular Forex broker, regulated both in Australia and England by the FCA and ASIC, see here.
Register your Free Trading Account at: ForTrade.com.
What was your experience like investing with WiseTrader? Please leave your review in the comments below.