Company Brief:

WiseTrader is a brand name of F1Markets investment services company that specializes in trading CFDs, Shares, Commodities, Indexes and Currency Pairs with fixed spreads on more than 180 top-class assets with the latest news and market insights. The company located in Cyprus and was established only in 2017 which combined a modern trading need and an investment expertise. Therefore, according to its location the broker is authorized by the local authority CySEC and able to provide services to international and across European Union.

The broker supports both types of traders, novice and experienced ones with the necessary information, access to advanced tools and the required support to trade in the markets. Through its collaboration with multiple liquidity providers that the company offers the best available spreads with no-requotes or extra commissions on orders.

One of the main goals of WiseTrader is to help in trading skills developments and education that are delivered by free eBooks and webinars divided by the Basic, Intermediate, Expert and Premium levels. Moreover, the constant support delivered by the trading coaches and support teams that will explain, advise and guide the trader or investor through all the stages.

WiseTrader Review

Licenses, Regulations & Security of funds:

Wisetrader is owned and operated by F1Markets Ltd, a Cypriot registered company that is fully regulated and licensed by CySEC. The company operates in accordance with the rules and regulations of the European Union, due to its location within the EU.

The above regulations include provisions that protect Clients funds and financial investments by various steps, alike keeping funds in segregated accounts within reputable Banks, participation n to compensation scheme, automated monitoring transaction systems and risk management, and more. In addition, WiseTrader is subject to strict financial control, which includes regular internal and external auditing.

Along with the CySEC regulation, as per the MiFID compliance to provide services within EU, the company is also registered with numerous European authorities that includes BaFIN, FMA, CONSOB, CNMV, FCA and others.

Trading Platforms & Tools:

Award-Winning Platform of a smart choice allows access to global markets 24/5, with a user-friendly and easy to use the platform. There is no need to install or to download any program or software, the platform is web-based, thus accessible from any device through the browser with internet connection.

In terms of the tools and instruments, the platform brings all ranges of necessary additions, yet the only missing part is a possibility to automate the trading. Yet, the company currently works on the platform improvement and soon planning to present additional platforms, mobile applications and more.

Account Types and Trading Costs:

The WiseTrader offers 6 different account types so that the trader can make the most of the trading experience. The account choice diverse by the available information and support along with more competitive pricings and deposit requirement from 250$ to 25,000$ initial balance. The more information, tools and resources the trader control, the more efficient the right moves at the right time will be done.

Trading costs are enabled through the fixed spread policy, e.g. typical spread for GBPJPY 0.08 with instant access to global economies. In addition, the Wise Trader delivers possibility to make the most of the extensive training resources and cryptocurrencies trading with the leverage up to 1:5, and spread on BTCUSD of 200.

The range of Account Types includes Basic, Bronze, Silver, Gold, Platinum, Diamond account types with constant support from the company. In regards to the difference between the spread offering, lets take as an example EURGBP pair: Basic Account spread is 0.0007, Bronze – 0.0006, Silver – 0.0005, Gold – 0.0004, Platinum – 0.0003 and Diamond – 0.0002. Moreover, the Diamond account includes a Free VPS service, News Alerts and Dedicated Account Manager.

Funding Methods:

The Wise Trader payment methods include and accept all major credit and debit cards, electronic wallets and wire transfers through the leading third-party payment providers. The basic currency of the account is the choice of the investor, while the minimum deposit amount is 250$ with quick transaction processing and the withdrawals are transferred within 1 day. The withdrawals will be processed using the payment method used for depositing, as per the regulation and safety requirement. The minimum withdrawal is 50$, or any other available base currency, with applicable fees by the company that processes the fund withdrawal. Yet, the Wise Trader covers internal fees for the payment it provides.

Conclusion:

Wise Trader review presents a company, which is a relatively new player in the market as was established in 2017. Yet, the broker relies on the experience and expertise of the mother company which is the investment firm authorized by CySEC. Overall, the company provides reliable trading conditions with the range of the instrument to choose from, 6 accounts of different size and a proprietary trading platform. The platforms are packed with tools and features, that enables seamless trading and extensive analysis. Furthermore, one of the comprehensive designed services is education that is divided by the trader’s level and delivers a unique opportunity to learn the best practices and understand markets deeply.

The company sticks mainly to the fixed spread, which enables stability to the trader under any market conditions and behavior. The experienced traders can enjoy more competitive trading conditions along with extra services that enhanced trading capabilities, alike Free VPS, signals and more.

However, the company is just in its developing stage, which promises many improvement and additions to come and be released soon.

No news available.