WIseBanc

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.

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

Is WIseBanc Legit?

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

What Can I Trade on WIseBanc?

Account Type

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

Trading Platform

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