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Score

1.55 /10
Danger

WIseBanc

Bulgaria

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://wisebanc.com

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Time Machine
Website

Score

Regulatory Index0.00

Business Index7.30

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

WIseBanc · Company summary

Note: WIseBanc's official website -https://wisebanc.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

WIseBancReview Summary
Founded2016
Registered Country/RegionBulgaria
RegulationNo regulation
Market InstrumentsCurrency pairs, and various CFDs, including indices, commodities, stocks, and cryptocurrencies
Demo Account/
LeverageUp to 1:400
Spread7 pips (Basic account)
Trading PlatformWeb
Min Deposit$250
Customer Support Email: support@wisebanc.com

Founded in 2016, WIseBanc is an unregulated broker offering trading in Forex and various CFDs. Also, the spreads on EUR/USD are very high, fixed at 7 pips, and the broker provides an unknown web platform that is too simple and lacks some analytical tools. What's worse, the minimum deposit requirement is as high as $250.

Pros and Cons

ProsCons
Various trading productsInaccessible website
Multiple account typesNo regulation
Wide spreads
No MT4/5
High minimum deposit
No info on payment methods
Only email support

Is WIseBanc Legit?

No, WIseBanc has no valid regulations. It's not safe for investors to choose this brokerage.

No license
Domain information

What Can I Trade on WIseBanc?

Tradable InstrumentsSupported
Currency pairs✔
CFDs✔
Indices✔
Commodities✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌

Account Type

Account TypeMinDeposit
Basic$250
Bronze/
Silver/
Gold/
Platinum/
Diamond/

Leverage

The leverage is up to 1:400 for all account types. Typically, high leverage means that investors can control larger trading positions with less capital, which increases potential returns and risks.

Spread

Account TypeSpread
Basic7 pips
Bronze6 pips
Silver5 pips
Gold4 pips
Platinum3 pips
Diamond2 pips

Trading Platform

WIseBanc offers its services only through a web-based trading platform.

Trading PlatformSupported Available Devices Suitable for
Web-based✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

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医师协会＂治未病＂技术服务站
more than one year
Stay away from WIseBanc. I traded with this broker with multiple trades I never had any problems with winning trades but in one trade I was losing very badly to the point I almost reached the stop-out level.
Stay away from WIseBanc. I traded with this broker with multiple trades I never had any problems with winning trades but in one trade I was losing very badly to the point I almost reached the stop-out level.
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2023-02-23 18:12
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