Score

2.52 /10
Danger

Wisdom Financial Service

Saint Lucia

1-2 years

Regulated in United Kingdom

Common Business Registration

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index4.76

Risk Management Index0.00

Software Index7.73

License Index1.25

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Wisdom Financial Service

Company Abbreviation

Wisdom Financial Service

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15895105)Common Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

Wisdom Financial Service · Company summary
Wisdom Financial ServiceReview Summary
Founded2023
Registered Country/RegionSaint Lucia
RegulationFCA (Exceeded)
Market InstrumentsForex & CFD Trading on Stocks, Indices, Oil, Gold
Demo Account/
LeverageUp to 1:1000
SpreadFrom 0.1 pips (Standard account)
Trading PlatformAPP
Min Deposit$1
Customer SupportContact form
Tel: +66867741450
Email: admin@wisdomfinancialservice.com
Social media: Facebook, Instagram, Twitter
Address: Mo.3 Centro Ratchapruek-Nonthaburi, Soi Kasetsart Development 2, Ratchaphruek Road, Khlong Khoi Subdistrict, Pak Kret District
Regional RestrictionUSA

Wisdom Financial Service was registered in 2023 in Saint Lucia, which is a broker focusing on the forex and CFD markets. It offers 3 types of accounts, with a minimum deposit of $1 and a maximum leverage of 1:1000. It was regulated by the Financial Conduct Authority (FCA) in the UK, but the license was exceeded, which means potential risks may exist.

Wisdom Financial Service's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsNew to the market
Multiple investment plansExceeded FCA license
Flexible leverage ratiosNo MT4 or MT5
No commissionsUnknown payment methods
Low minimum depositUS clients are not allowed
Various channels for customer support

Is Wisdom Financial Service Legit?

Wisdom Financial Service was once regulated by the Financial Conduct Authority (FCA) in the UK, but it was exceeded. Besides, the current status shows that activities such as client transferring and updating are prohibited. Therefore, careful considerations are recommended, because potential risks may exist.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)ExceededUKCommon Business Registration15895105
Exceeded FCA license
Domain information

What Can I Trade on Wisdom Financial Service?

Wisdom Financial Service offers several types of products, including forex, stocks, indices, oil, and gold.

Tradable Instruments Supported
Forex
CFDs
Stocks
Indices
Oil
Gold
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Wisdom Financial Service?

Investment Plan

Wisdom Financial Service provides 3 types of accounts, including Mini Plan, Standard Plan, and SVIP Plan.

Investment PlanMin Deposit
Mini $1
Standard $1,000
SVIP $3,000
Investment plan comparison

Leverage

Investment PlanMax Leverage
Mini 1:1000
Standard 1:500
SVIP 1:300

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Fees

Investment PlanSpreadCommission
Mini From 0.5 pips
Standard From 0.1 pips
SVIP From 0.3 pips

Trading Platform

Wisdom Financial Service uses its own trading APP, but it does not provide details about this APP.

Trading PlatformSupported Available Devices Suitable for
APPMobile/
MT4/Beginners
MT5/Experienced traders
APP

User Reviews

More

User comment

3

Comments

Write a review

Sarguna Raj
more than one year
I've been trading with Wisdom for a year now. Their platform is user-friendly and reliable. 👍👍👍
I've been trading with Wisdom for a year now. Their platform is user-friendly and reliable. 👍👍👍
Translate to English
2024-07-22 15:34
Reply
0
0
Sarah K
more than one year
Needed help with setting up my account, and customer support was fantastic. Very responsive and helpful!
Needed help with setting up my account, and customer support was fantastic. Very responsive and helpful!
Translate to English
2024-06-27 17:25
Reply
0
0