What is Delawise Group?
Founded in 2024, Delawise Group is an unregulated company registered in the UK. It offers Crypto Currencies, Currency Pairs, Indices, Metals, Energies, Futures, Shares, and Swaps with three types of accounts. It also provides different trading platforms (Desktop, WebTrader, and Mobile).
Pros and Cons
Is Delawise Group Legit?
At present, Delawise Group lacks valid regulation. According to Whois, the company's domain was registered on January 1, 2024. Though its domain's current status is ok, there may still be risks due to the unregulated status. If you are a beginner, we advise you to choose a regulated one.
What Can I Trade on Delawise Group?
Except for common assets such as Crypto Currencies, Currency Pairs, Indices, Futures, Shares, and Swaps, Delawise Group also provides Metals and Energies.
Account Type
Delawise Group offers three account types: Silver, Gold, and Platinum. They don't provide demo or Islamic accounts, and there's no mention of minimum deposit requirements.
Silver: Best for beginners or conservative traders, with 200:1 leverage and advanced charts.
Gold: Ideal for intermediate traders, featuring 300:1 leverage, a 25% swap discount, free VPS, and exclusive webinars.
Platinum: Suited for experienced and high-volume traders, offering 400:1 leverage, a 50% swap discount, a dedicated account manager, and all the premium features.
Leverage
Delawise Group offers flexible leverage options to suit different traders: 200:1 for the Silver account, 300:1 for the Gold account, and 400:1 for the Platinum account. While higher leverage can amplify profits, it also increases the risk of losses.
Trading Platform
Delawise Group offers trading software for Desktop, WebTrader, and Mobile.
Deposit and Withdrawal
For deposit methods, debit cards and e-wallets are recommended. As to Withdrawals, Delawise Group's specialist team is available 24 hours a day, 5 days a week to receive withdrawal requests.
Customer Service
Delawise Group offers 7/24 customer support. You can contact them through phone, email, contact form, and address.
The Bottom Line
Delawise Group, an unregulated UK-registered broker, offers a variety of trading instruments and flexible leverage up to 1:400. Due to the lack of regulation and limited information on minimum deposits, it is not the best choice for most traders, especially beginners. Experienced traders who are comfortable with higher risks and prefer a wide range of trading options might consider it.
FAQs
Is Delawise Group good for beginners?
No, Delawise Group is not ideal for beginners due to its lack of regulation and the absence of demo accounts.
Is Delawise Group good for day trading?
Delawise Group can be suitable for day traders who value high leverage and a variety of trading instruments.
Is it safe to trade with Delawise Group?
No, because it is unregulated.
