Overview of Wisdompoint Capital
Wisdompoint Capital is a Cypriot Investment Firm founded in 2012 and headquartered in Cyprus. Regulated by the Cyprus Securities and Exchange Commission (CySEC), the firm offers a range of investment services including the reception and transmission of orders, execution of orders on behalf of clients, and the provision of ancillary services like safekeeping, credit facilities, and foreign exchange. Catering to both domestic and international clients, Wisdompoint Capital handles a diverse portfolio of financial instruments, including stocks, bonds, ETFs, and various derivatives. The firm supports client transactions with straightforward bank transfer methods and provides robust customer support through direct phone and email communication channels.
Is Wisdompoint Capital Legit？
Wisdompoint Capital is a Cypriot Investment Firm (CIF) that is fully regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 219/13. As an entity incorporated in the Republic of Cyprus, with registration number HE 307126, it adheres to strict regulatory standards set forth by CySEC. This regulatory oversight ensures that Wisdompoint Capital operates within established guidelines, providing Straight Through Processing (STP) services while maintaining compliance with regulatory requirements. Additionally, being regulated by CySEC enables Wisdompoint Capital to offer its services not only within Member States but also to countries outside the European Union, facilitating cross-border transactions while upholding the necessary regulatory safeguards.
Pros and Cons
Wisdompoint Capital is a CySEC-regulated firm offering a robust portfolio of financial products and comprehensive ancillary services, making it a reliable choice for diverse investment needs. However, potential clients should consider the firm's limitations, including a complex fee structure that might increase costs for some services and limited customer support options. Additionally, while it operates primarily out of Cyprus, which may appeal to local and European clients, this could be less attractive to those seeking a firm with a broader international presence.
Products and Services
Wisdompoint Capital provides regulated investment services including order reception, transmission, and execution. They also offer ancillary services such as safekeeping, credit granting, and foreign exchange. Their product range includes a diverse selection of financial instruments spanning securities, derivatives, and commodities, catering to both domestic and international clients.
Fees
Wisdompoint Capital offers a structured fee schedule for various services and account types:
Exchange-traded Stocks, Bonds, ETFs:
Smart Plan: Minimum order charge of USD 2/EUR 2 plus USD 0.02/EUR 0.02 per share. No monthly fee and a dormant account fee of EUR 15. Margin rate is 12% per year. SMS delivery costs EUR 0.05.
Fix Plan: Minimum order charge of USD 1.2/EUR 1.2 plus USD 0.012/EUR 0.012 per share. Monthly fee of EUR 10 and a dormant account fee of EUR 15. Margin rate remains 12% per year. SMS delivery costs EUR 0.03.
Super Plan: Minimum order charge of USD 1.2/EUR 1.2 plus USD 0.004/EUR 0.004 per share. High monthly fee of EUR 200 and a significant dormant account fee of EUR 200. Free SMS delivery.
OTC-traded Stocks, Bonds, ETFs:
Brokerage commission is 0.12% per trade.
A clearing fee of USD 30 per trade.
Safekeeping is offered free of charge.
Non-trading Orders:
Free of Payment (FOP) receipt/delivery of securities costs 0 USD or 60 USD depending on the specifics of the transaction.
Withdrawals are charged at 15 EUR for accounts with EUR as the base currency and 15 USD for accounts with USD as the base currency.
Deposit & Withdraw Methods
Wisdompoint Capital handles deposits and withdrawals via bank transfer, with specific details provided for both EUR and USD transactions. Clients are responsible for any associated banking fees.
Customer Support
Wisdompoint Capital's customer support is located at Andrea Zappa 1, Office 9, 4040 Limassol, Cyprus. You can contact them via phone at +357 25010750 or through email at customers@wisdompointcapital.com.
Conclusion
Wisdompoint Capital, a CySEC-regulated firm based in Cyprus, offers a broad array of financial services and products, including investment services and ancillary offerings like safekeeping and foreign exchange, catering to a diverse client base. The firm's regulation under CySEC ensures a high standard of compliance and security, which is a significant advantage for investors looking for reliability and integrity in financial dealings. However, potential clients should weigh these benefits against some challenges, such as a complex fee structure that may increase transaction costs and limited customer support channels, which might not meet everyones preferences. Additionally, being primarily based in Cyprus might limit its appeal to global investors looking for a more internationally present firm.
FAQs
Q: What regulatory body oversees Wisdompoint Capital？
A: Wisdompoint Capital is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Q: Can you describe the range of investment options available at Wisdompoint Capital？
A: Wisdompoint Capital offers a variety of investment opportunities, including trading in stocks, bonds, ETFs, and various derivatives, along with ancillary services such as custodianship and foreign exchange.
Q: What should clients expect in terms of fees at Wisdompoint Capital？
A: Clients at Wisdompoint Capital should anticipate a range of fees depending on the services they utilize, which includes charges for transactions, account maintenance, and potentially other specific services.
Q: How can customers get in touch with customer support？
A: Customers can contact Wisdompoint Capitals support team via phone at +357 25010750 or by email at customers@wisdompointcapital.com.
Q: What methods can clients use to deposit or withdraw funds from Wisdompoint Capital？
A: Clients can perform deposits and withdrawals primarily through bank transfers, adhering to specific banking details provided by the firm.
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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
