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Score
Mauritius
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 2
Exposure
Score
Regulatory Index0.00
Business Index6.36
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
WISEFXTRADE
Company Abbreviation
WISEFXTRADE
Platform registered country and region
Mauritius
Company website
Company summary
Pyramid scheme complaint
Expose
WISEFXTRADE Review Summary | |
Founded | 2021 |
Registered Region/Country | Mauritius |
Regulation | No regulation |
Market Instruments | Forex, CFDs |
Demo Account | Not mentioned |
Spread | Not mentioned |
Leverage | Not mentioned |
Trading Platform | WISEFXTRADE |
Minimum Deposit | Not mentioned |
Customer Support | Live chat, email, contact form, phone |
WISEFXTRADE, registered in Mauritius and operating in Australia, claims to offer more than 250 forex and CFD instruments to its clients. However, the platform currently has no valid regulations.
Pros | Cons |
Wide Range of Instruments | Lack of Regulation |
Limited Website Information |
No.
WISEFXTRADE provides access to over 250 forex and CFD products, including major and minor currency pairs, along with various commodities, indices, cryptocurrencies, etc. The platform's CFD offerings cover a wide spectrum, from global stock indices to precious metals and energy resources.
WISEFXTRADE offers a its proprietary trading platform called “WISEFXTRADE”. Available as a mobile app, it provides users with access to over 250 forex and CFD instruments directly from their smartphones. The app is accessible for download on both the Apple Store and Google Play.
Accepted methods include major credit and debit cards including Mastercard, Maestro, and Visa. PayPal and American Express are also available. Other popular payment options such as bank transfers, Skrill and Neteller are not supported currently. Other info like minimum deposit requirement, deposit/withdrawal fees and processing time are not specified on their website.
Live chat
Tel: 09000000000
Email: support@wisefxtrade.com; wisefxtrade@gmail.com
Address: Melbourne, Australia, 105 South Park Avenue; 11th Floor, Maeva Tower, Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius
In conclusion, WISEFXTRADE provides trading services for over 250 forex and CFD instruments. However, the absence of regulatory oversight and the limited information on their website cast doubts on the broker's transparency and security. Traders who value regulatory compliance and reliable customer service should consider alternative platforms.
Is WISEFXTRADE regulated?
No. The broker is currently under no valid regulation.
Is WISEFXTRADE a good broker for beginners?
No, it is not an ideal choice for beginners due to lack of regulation and transparency.
Does WISEFXTRADE offer the industry leading MT4/5?
No, it only offers a proprietary platform on mobile devices.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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