Wise Banc-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Wise Banc is a Bulgaria-based forex and CFD broker, with the company behind it not disclosed to all. In terms of regulation, Wise Banc does not fall under any regulatory authority. Traders should take extra vigilance when investing with this broker, or just stay away from this broker.

Official Website Unavailable

Since Wise Banc website cannot be opened or unavailable at this stage, we can only find minimal information about this broker from some broker reviews portals.

Market Instruments

Wise Banc only advertises that it can offer over 200 instruments, including forex and CFDs. Other trading assets are not mentioned.

Minimum Deposit

Wise Banc seems to require a minimum deposit of $1000, which is madly high. Keep in mind that most legit brokers only ask its traders to fund around $100 or even less into their accounts to start real trading.

Leverage

In terms of trading leverage, the maximum leverage level offered by Wise Banc is up to 1:1000, immensely high. Although this trading leverage is generous, inexperienced traders are not advised to use too high leverage given the fact that margin trading is full of risks.

Spreads & Commissions

Wise Banc only mentions that it offers low spreads, but does not specify its spreads on particular instruments. Besides, Wise Banc advertises that it offers a commission- free environment. Unregulated brokers love to scam traders by hiding their real trading costs, but in fact, trading on its platforms usually costs immensely much.

Trading Platform Available

When it comes to trading platform available, Wise Banc does not make this part clear. As an unregulated broker, it can be risky to trade with it no matter what trading platforms it offers.

Customer Support

Wise Banc does not disclose its telephone number, or email address. So, it is just a scam broker waiting here to extract available funds from you.