Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FFB Logo
Get a free
$10,000 
demo account
Open Account
Your Capital is at Risk

WiseTrader Broker Review

  1. WiseTrader is a CySEC regulated forex and CFD broker that operates under the motto “Knowledge empowers you”. Their license number is 267/15 which ensures traders they are trading with a broker that obeys to all legal requirements of this regulatory body. WiseTrader also offers cryptocurrencies trading.

    WiseTrader is a broker that operates based on their own proprietary platform which is web-based. Also, traders can select one out of six accounts offered. In this WiseTrader review, our main concern whether or not this broker really provides all learning materials the trader needs to understand the forex and CFDs trading process or is it all just good marketing.

  2. As previously mentioned, WiseTrader broker offers not 3, not 5, but 6 different accounts to choose from. We truly appreciate when broker puts a lot of effort into delivering more individualized trading experience. In the text that follows, we will provide you with more information about account features.

    Basic Account

    • Minimum deposit $250
    • Support 24/5
    • Access to Trading Academy TM
    • News & Analysis from Traders’ Education
    • Access to Video Library
    • Access to Webinars

    Bronze Account

    • Minimum deposit $1000
    • Benefits of Basic account
    • Trading Signals
    • 1-on-1 Coaching (one session)

    Silver Account

    • Minimum Deposit $2500
    • Benefits of Bronze account
    • 1-on-1 Coaching (quarterly session)

    Gold Account

    • Minimum deposit $10,000
    • Benefits of Silver account
    • Portfolio Structuring with Analyst Support
    • ECN

    Platinum Account

    • Minimum deposit $25000
    • Gold account features
    • Unlimited 1-on-1 Coaching
    • Access to Limited Assets
    • 3% Extra Payout

    Rhodium Account

    • Minimum deposit $30000
    • Benefits of Platinum account
    • Rhodium Debit Card

    Traders should know how all 1-on-1 sessions are available on demand only. Make sure to ask your personal manager about available sessions. All traders who are not sure what account to use can ask for an advice, however, the decision is ultimately theirs.

    A little downside of trading with this broker would be the absence of any type of demo account. We truly appreciate when brokers create a demo account that gives traders an opportunity to test the platform prior to trading or even making a deposit. Demo account is truly the best tool any broker can offer, so we hope that this feature will be added in the future, as this broker will probably continue to develop the level of their services.

    More information about trading with WiseTrader can be found in Terms and Conditions. We advise all traders to read this document thoroughly prior to trading.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

    Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  5. WiseTrader gives traders an opportunity to trade on a proprietary web-based platform. Web-based platforms are the ones that require no download, so traders can use multiple devices for trading. However, it is no secret that most CFD and Forex traders prefer Metatrader platforms that require download and installation but are also supported via the browser. This gives them more trading solutions from the technical point of view.

    WiseTrader Crypto Trading

    Traders will be thrilled to find out how this broker supports trading with hot new underlying assets – cryptocurrencies. Under ‘forex’ tab on the trading platform, traders will find many popular pairs that are a combination of hard currencies and cryptocurrencies. They can trade pairs that contain: Ripple, ethereum, bitcoin, and dash. Bear in mind that in forex trading, traders never hold the ownership over the underlying asset, but can still trade based on their movement. This means you are not in the ownership of the crypto you are trading.

    WiseTrader Forex and CFD Trading

    Forex and CFD trading takes place on the same platform as crypto trading. All you have to do is navigate through tabs.

    CFD section offers indices, commodities, and stocks, while forex section has all popular major and cross pairs. We liked to see all underlying assets neatly organized, so no trader will experience difficulties looking for the underlying asset they are interested in.

    On the right side of the trading platform, traders will find a chart that follows market movements and can be used during the process to exit the trade on time.

    Leverage is, for most pairs, up to 1:200, and spread for EURUSD is 3 pips.

    WiseTrader Mobile Trading

    Unfortunately, WiseTrader offers no mobile app you can use to trade on the go. You can still open the platform on your mobile browser, but such approach is not welcomed in case you wish to conduct short analysis, as the trading interface is not adjusted to trading on a small screen and with a touch of a finger.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. All traders get access to WiseTrader live chat prior to registration. Before you start talking to the agent, you need to fill out a form and specify your inquiry. The agent was with us within seconds, which pleased us, as sometimes we have to wait 10 minutes or longer, and sometimes we never manage to talk to an agent.

    When we tested the live chat customer support, we were asking questions about the demo, but the agent was not very convincing or helpful. He tried to switch the subject and was convincing us that we can find everything by ourselves (which is not necessarily true). We insisted on them sending us a link where demo account is described (as the agent wanted to convince us there is one), but failed to do so.

    Except the live chat, traders also have an email and a phone number at their disposal. The website and the trading platform are available in English language only. When it comes to trading education, traders can watch their educational tv channel, follow the market news, read an eBook or read the FAQs section.

    The overall opinion about educational section is that it offers enough to start with.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. WiseTrader supports minimum deposit in the amount of $250. Minimum withdrawal is $100. Accounts can be lead in USD or EUR. Before any withdrawals, traders have to deliver certain documents to the broker in order to verify their accounts. This is a part of KYC policy and anti-money laundering measures. Prior to depositing, you will have to fill out a questionnaire about your previous trading experience.

    The traders can make a deposit via credit card and bank wire. While all deposits are charged with no fees, withdrawals are charged with 3.5% fee (or 3,500.00 maximum), no matter the method. The same method has to be used for both depositing and withdrawing, and the trader must wait one day for the withdrawal request to be processed.

    Wisetrader is owned and operated by F1Markets Ltd and is regulated by CySEC (267/15). Regulated brokers must keep trader’s money on a separate account, which means that WiseTrader can’t use your money to operate their business. To read more about this, please visit their Terms and Conditions.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

Copyright © 2012-2023 All Rights Reserved FairForexBrokers.com - US

     Cookie Policy