Note: Wise 4Xs official site - https://wise4x.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What's Wise 4X？
Wise 4X Brokers is an unregulated forex brokerage company based in the United States, with its headquarters in Oxford, United Kingdom. The company offers trading services globally, providing access to a range of financial instruments such as forex, Contract for Difference (CFD), commodities, and indices. However, Wise 4X Brokers is noted to lack proper regulation or valid regulations, which may raise concerns regarding the security and credibility of the services they offer.
Pros & Cons
Pros
High Leverage: This broker offers a high leverage ratio of up to 1:500, allowing traders to enter trades of significantly larger value than the capital they possess. Although this can lead to increased profits, it can also amplify potential losses.
Multiple Market Instrument: Wise 4X provides a wide range of market instruments, including Forex, CFD, Commodities, and Indices.
Cons
No Regulation: Wise 4X is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.
Official Website Unavailable: Wise 4x's official website is currently unavailable which is unable to provide any further information.
Unclear minimum deposit requirements: This lack of transparency can be frustrating for customers who are trying to open a new account.
Is Wise 4X Legit？
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Wise 4X offers traders access to a range of market instruments, including Forex, CFDs, Commodities, and Indices for trading purposes. These instruments provide traders with diverse options for speculative investment opportunities.
Forex: Forex trading involves the buying and selling of currency pairs in the global foreign exchange market.
CFDs: CFDs (Contracts for Difference) are derivative products that allow traders to speculate on the price movements of financial instruments without owning the underlying asset.
Commodities: Commodities are raw materials or primary agricultural products that can be bought and sold in standardized contracts on commodities exchanges.
Indices: Stock market indices represent a basket of selected stocks that reflect the overall performance of a particular stock market or sector. Traders can trade indices through various financial instruments, such as index futures, CFDs, or exchange-traded funds (ETFs), to capitalize on broad market trends and volatility.
Leverage
Wise 4X brokerage company offers a leverage ratio of 1:500 to traders. Leverage of this magnitude allows traders to control a larger position size with a relatively smaller amount of capital, increasing both the potential for profit and the risk of substantial losses. It is important for traders to recognize the risks associated with high leverage, as significant market fluctuations can lead to rapid and substantial losses.
Trading Platforms
We couldn't find any trading platform information about this broker. However, there are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide. lf you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. The choice is yours.
Fees
When trading on Wise 4X, traders may encounter a significant 10% fee when withdrawing funds from an account that has not executed more than 200 in turnover. This fee structure can act as a deterrent for traders looking to withdraw their funds, especially if they have not met the specified turnover requirement.
Customer Support
Currently, clients can reach out to Wise 4X only through email: support@wise4x.com.
Conclusion
In conclusion, Wise 4X offers traders access to a range of market instruments, including Forex, CFDs, Commodities, and Indices, with a leverage ratio of 1:500. However, traders should approach the platform with caution due to potential concerns regarding regulation, high withdrawal fees for accounts with low turnover, and the risks associated with high leverage. It is essential for traders to conduct thorough research, carefully review the terms and conditions, and consider the potential implications of trading on Wise 4X before making any investment decisions.
Frequently Asked Questions (FAQs)
Question: Is Wise 4X regulated？
Answer: No. Wise 4X is not regulated.
Question: What market instruments does Wise 4X offer？
Answer: Forex, CFD, Commodities, and Indices.
Question: What's the leverage offered by Wise 4X？
Answer: 1:500.
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.
