Stratton Markets Review 2023 Wise Trader is owned and operated by F1 Markets Ltd. It was founded in the second half of 2016, is domiciled in Cyprus and is regulated by CySEC under license number 267/15. They offer CFD trading in Forex, commodities, major stock market indices, individual stocks, and cryptocurrencies a wide range of asset types The brokerage offers STP execution.To get more news about wisemarket review, you can visit wikifx.com official website. There are several different trading account types at Wise Trader. The differences are not determined by selection of tradable assets, or platform type. A bronze account can be opened with only 250. Traders must deposit at least 2,500 to open a Silver account; while a deposit of 10,000 will get you a Gold account. Both accounts offer similar execution, trading signals and a very limited amount of one-on-one coaching. The Platinum account requires a minimum deposit of 25,000 offers portfolio structuring with account manager support. Above that, there is the Diamond account which requires a minimum deposit of 50,000. Finally, the Rhodium account requires a minimum deposit of 100,000 and offers a pre-paid card and annual on-site seminars. The most notable features of Wise Trader are the wide range of asset types available for trading and the emphasis on education available through their website and account services. Clients of Wise Trader may trade a wide range of CFD instruments including Forex, commodities, major stock market indices, individual stocks, and cryptocurrencies. The specifics of what is on offer are 45 Forex currency pairs and crosses, the 6 major cryptocurrencies, 5 equity indices from the U.S.A., E.U., and the U.K., the commodities gold, silver, oil, coffee, and natural gas, and 94 individual stocks (mostly from the U.S. market). Their demo account platform shows that during liquid markets, the benchmark EUR/USD currency pair incurs a spread of approximately 3 pips. That is a relatively high spread, by current industry standards. One thing that is immediately striking about Wise Traders website and promotional material is how little they advertise their offering on typical parameters such as spreads, liquidity, execution, etc. This may be an exhibit of confidence. They do emphasize the safety of client assets and their regulation by CySec, the Cypriot financial regulator. Beyond that, their major focus is on their user-friendly layout and emphasis on an education offering which, at least in theory, helps to build a client base of profitable traders. Wise Trader pride themselves on keeping things simple, so you wont find many of the bells and whistles that are often touted within the industry. Wise Trader offers no choice of trading platforms: the only available platform option is a proprietary web-based platform, which is relatively intuitive and easy to use, but not in our opinion as easy as a more common platform option such as MetaTrader4. The brokerage expects to add access to the MT4 platform in the coming months. A Wise Trader mobile app is also available.They do not allow scalping, but they do allow hedging. Traders should be aware that when trading with Wise Trader, different maximum leverage limits are applied to different assets. The highest leverage which can be taken is 400 to 1, and the limits are generally high and permissive, so traders looking for leverage wont have a problem here. Bonuses/Promotions Wise Trader currently offer no bonuses or promotions, as they are regulated in Cyprus by CySec who have not allowed any new bonuses or promotions for some time. As Wise Trader was only founded in 2017 after this regulation came into effect, they have never been able to offer bonuses or promotions. Education Wise Trader pride themselves upon the strength of their educational offering, operating a full trading academy. The academy consists of a rich cache of videos, charts, courses, e-books and trading tools all aimed at showing traders how to identify and monetize market opportunities. The academy includes a series of eBooks covering a wide range of topics that are useful for aspiring traders to learn about, as well as live webinars on topics pertinent to the market at the time. A pivot point calculator and market news roundup complete the education section. |