What is WiseWealth？
WiseWealth is a broker based in the United Kingdom with both English and German supported on its website. It currently holds no regulations.
Pros & Cons
Pros:
Bilingual Website: WiseWealth offers a bilingual website, users who speak English or German will find it very convenient.
Multiple Market Instruments Supported: WiseWealth provides access to a wide range of market instruments, including CFDs for cryptos, currencies, stocks, commodities, indices, ETFs, bonds, options & futures, derivatives, and structured products.
Cons:
No Regulation: The lack of regulatory oversight will concern the users about the security and transparency of WiseWealth's operations.
Some Website Subpages Malfunctioned: Users will encounter issues with certain website subpages malfunctioning, which will be quite confusing.
Lack of Info on Key Trading Conditions: WiseWealth's website lacks information on key trading conditions, such as fees, leverage, and account types.
Is WiseWealth Legit or a Scam？
Regulatory Sight: WiseWealth is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Cryptocurrencies: Trade contracts for difference (CFDs) on various cryptocurrencies, allowing users to speculate on their price movements without owning the underlying assets.
Currencies (Forex): Access to the foreign exchange market for trading currency pairs, enabling users to capitalize on fluctuations in exchange rates between different currencies.
Stocks: CFDs on individual stocks, providing traders with the opportunity to speculate on the price movements of publicly traded companies without owning the shares outright.
Commodities: Trade CFDs on commodities such as gold, silver, oil, and agricultural products, allowing investors to participate in the commodities market without the need for physical ownership.
Indices: CFDs on stock market indices, enabling traders to speculate on the performance of entire stock market sectors or economies.
ETFs (Exchange-Traded Funds): Access to CFDs on ETFs, which represent a basket of securities and track the performance of specific market sectors or asset classes.
Bonds: Trade CFDs on bonds, allowing investors to speculate on the price movements of fixed-income securities issued by governments or corporations.
Options & Futures: Access to CFDs on options and futures contracts, providing traders with the ability to profit from price movements in the underlying assets without owning them outright.
Derivatives: Access to a variety of derivative products, including options, swaps, and forwards, which allow investors to manage risk and speculate on price movements in various financial markets.
Structured Products: Trade CFDs on structured products, which are financial instruments created to meet specific investment objectives, offering customized risk-return profiles.
Trading Platform
WiseWealth offers its clients access to the MetaTrader 4 platform, a widely recognized and trusted trading platform in the industry. This platform allows users to execute trades, analyze markets, and manage their accounts efficiently. Users have the flexibility to access the platform directly from a web browser, making it convenient for trading on the go.
The MetaTrader 4 platform is available for desktop users who prefer a more comprehensive trading experience. It also supports mobile trading, enabling users to trade seamlessly from their Android or iOS devices, providing flexibility and accessibility to the markets anytime, anywhere.
Customer Support
Contact Form: Users can fill out a contact form on the WiseWealth website to submit their queries or requests for assistance.
Email: Users can reach out to the support team via email at support@wisewealth.ai.
Telephone: Users can contact WiseWealth's customer support team by phone at +442039962402 during operating hours.
Service Time: The customer support team is available from Monday to Friday, 9:00 to 17:00.
Conclusion
As a broker, WiseWealth supports multiple trading instruments and a bilingual website. However, it now has no regulations. It lacks information on key trading conditions, too.
Frequently Asked Questions (FAQs)
Question: Does WiseWealth offer 24/7 customer support？
Answer: They provide customer support only from Monday to Friday from 9:00 - 17:00.
Question: Do they support MT4/5？
Answer: Yes, they do support MT4.
Question: Is WiseWealth regulated or not？
Answer: No, it is not regulated.
Risk Warning
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.
2023-12-05 23:51
