Score
WiseMarket
Saint Vincent and the Grenadines|1-2 years| https://wisemarkets.net
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed WiseMarket also viewed..
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Website
mywisemarket.com
Server Location
United States
Website Domain Name
mywisemarket.com
Server IP
185.212.71.104
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wisemarkets.net
Server Location
Singapore
Website Domain Name
wisemarkets.net
Server IP
156.67.222.63
Company Summary
| WISEMARKET | Basic Information |
| Reggistered Country | Saint Vincent and the Grenadines |
| Founded in | 2022 |
| Regulation | Mwali International Services Authority (MISA) |
| Trable Assets | Forex, Cryptocurrencies, ETFs and Stocks |
| Minimum Deposit | N/A |
| Account Types | live account and a demo account |
| Max.leverage | Not specific |
| Demo Account | Yes |
| Islamic Account | No |
| Trading Platform | Web-based platform and mobile trading app for iOS and Android devices |
| Trading Tools | Advanced charting, technical analysis indicators, economic calendar, and trading signals |
| Customer Support | 24/5 live chat, phone, email, and dedicated account manager |
| Educational Resources | Trading academy with webinars, e-books, and video tutorials |
| Bonuses or Programs | Not offered |
Overview of WISEMARKET
Established in 2022, WISEMARKET is a forex broker registered in Saint Vincent and the Grenadines. As an online forex broker, WISEMARKET offers a range of trading instruments, including major, minor, and exotic currency pairs, commodities, indices, and cryptocurrencies. These assets provide traders with diverse opportunities to engage in the global financial markets.
Pros and Cons
WISEMARKE is an offshore broker offering a user-friendly website and a wide range of trading instruments, especially the opportunity to trading stocks and ETFs. However, it has unclear details about minimum deposits. Additionally, customer support options are not clearly specified.
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Market Intruments
WISEMARKET offers a variety of market instruments for trading, including forex, cryptocurrency, stocks, and ETFs. Traders can access the forex market to trade major, minor, and exotic currency pairs. The broker also provides the opportunity to trade popular cryptocurrencies such as Bitcoin, Ethereum, and others. In addition, WISEMARKET offers a selection of stocks and ETFs, allowing traders to invest in well-known companies and diversified portfolios. With a range of market instruments available, traders can diversify their investment strategies and take advantage of various trading opportunities.
Account Types
WISEMARKET provides two types of trading accounts: a live account and a demo account. The live account is designed for traders who wish to engage in real-time trading with real money. It offers access to the full range of trading instruments and features provided by the broker.
On the other hand, the demo account is a practice account that allows traders to familiarize themselves with the trading platform and test their strategies without risking real money. It provides a simulated trading environment with virtual funds, allowing traders to gain experience and confidence before transitioning to live trading.
Unfortunately, the specific details about the minimum deposit amount for the live account are not disclosed on the broker's website. It is recommended to contact the broker directly for more information regarding the minimum deposit requirement and any other account-specific details.
How to open an account？
Opening an account with WISEMARKET is a straightforward process that can be completed in just a few simple steps:
Click on “Open Account”: Look for the “Open Account” button prominently displayed on the website. Clicking on this button will initiate the account registration process.
Fill out the registration form: Provide the required information, including your name, email address, contact details, and any other information requested in the registration form. Ensure the accuracy of the provided details to avoid any future issues.
Choose your account type: Select the type of trading account that suits your needs, whether it's a live account for real trading or a demo account for practice.
Verify your account and fund it: After completing the registration, you may need to verify your identity and address as per the broker's requirements. Once verified, you can proceed to fund your account using the available deposit methods. Be sure to review the deposit options and choose the one that is most convenient for you.
Leverage
Unfortunately, the specific leverage ratios are not explicitly stated on their website. In general, most offshore brokers may offer leverage ratios ranging from 1:100 to 1:1000 or even higher, depending on the financial instrument being traded. Leverage empowers traders to control larger positions in the market with a smaller amount of capital. By magnifying their buying power, traders can potentially maximize their profits. However, it's crucial to recognize that leverage carries inherent risks. While it can amplify gains, it can also amplify losses, making risk management an essential aspect of trading.
Spreads & Commissions (Trading Fees)
When it comes to this core part, WISEMARKET does not disclose detailed information about spreads and commissions on their website. Spreads typically vary depending on the trading instruments and market conditions. They can be fixed or variable, with variable spreads often widening during volatile market periods. Lower spreads generally indicate lower trading costs for traders.
As for commissions, WISEMARKET does not explicitly mention any commission charges. However, it is essential to note that some brokers may incorporate commissions into their spread or charge separate commissions for certain types of trades, such as ECN or DMA accounts. It is recommended to contact WISEMARKET's customer support or account representatives to obtain accurate information regarding any potential commissions.
Trading Platform
As for trading platform, WISEMARKET provide access to a Web-based platform and mobile trading app for iOS and Android devices.
Deposit & Withdrawal
When it comes to the minimum deposit requirement, WISEMARKET's official website does not explicitly disclose this information. In terms of payment methods, WISEMARKET appears to offer a limited selection. According to their website, they accept VISA and MasterCard as the primary payment methods for depositing and withdrawing funds. While these are widely recognized and commonly used payment options, some traders may prefer a broader range of payment alternatives such as e-wallets, bank transfers, or even cryptocurrency. Therefore, it is advisable to review the available payment options and ensure they align with your preferences and convenience before considering WISEMARKET as your broker.
Customer Support
WISEMARKET's customer support services seem to be limited in their scope. The primary means of communication with their support team is through email, which may not provide the immediate assistance or real-time interaction that some traders seek. The absence of online chat, frequently asked questions (FAQs), and phone support can be perceived as a drawback for traders who prefer instant responses or prefer to discuss their queries directly with a support representative.
Educational Resources
WISEMARKET does not offer educational resources at this time. Traders seeking educational materials may need to explore alternative sources or consider supplementing their trading education through external resources or courses. It's always advisable to ensure a well-rounded understanding of trading principles and strategies to make informed trading decisions.
Conclusion
In conlusion, WISEMARKET is an offshore forex broker registered in Saint Vincent and the Grenadines. It has been in operation for 2 years. While it offers trading services in forex, cryptocurrencies, stocks, and ETFs, there are several drawbacks to consider. The broker is not regulated, which raises concerns about the safety and security of funds. The lack of transparency regarding trading conditions, including leverage, minimum deposit, and spreads, is also a significant drawback. Additionally, the absence of educational resources and limited customer support options further diminishes the overall experience. Traders should carefully evaluate these factors and consider alternative options that provide greater regulatory oversight, transparent trading conditions, and robust support services.
FAQs
Q: What trading instruments are available on WISEMARKET？
A: WISEMARKET offers a range of trading instruments, including forex, cryptocurrencies, stocks, and ETFs.
Q: What is the minimum deposit required to open an account with WISEMARKET？
A: The minimum deposit amount is not disclosed on the WISEMARKET website. It is recommended to contact their customer support for specific information.
Q: What payment methods does WISEMARKET accept？
A: WISEMARKET accepts VISA and MasterCard as the available payment methods. However, the website does not provide information about other available payment options.
Q: Does WISEMARKET provide a demo trading account？
A: Yes, WISEMARKET offers a demo trading account for traders to practice and familiarize themselves with the platform and trading conditions before investing real money.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 31
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ichargebacks@hotmail
Nigeria
This site stopped me from withdrawing my profit now it’s even worse because the site doesn’t respond. here are my payment
Exposure
05-06
crypback@hotmail
Nigeria
after much deposit, I was complaining earlier about the withdrawal, now it’s worst cause there website shows website errror, unable to load, below are my deposits receipts
Exposure
05-03
Muizz5219
Malaysia
same as another investor. Pending withdrawal. And cant login to my wisemarket account. show eror. please avoid this broker.
Exposure
05-06
Gobi9751
Malaysia
Withdrawal already approved but I still didn't receive the money in my bank account. I already email my bank statements as a proof to support.
Exposure
03-10
Mus3425
Malaysia
for context i made my withdrawal on the 18th August 2023 amounting to 500usd as can be seen on my screenshot from my account on Wisemarket. on the wisemarket.com dashboard it says that the withdrawal was successfull however my bank account shows otherwise. what came next was endless follow ups asking for screenshots with no settlement of the issue. i have sent emails to support@wisemarket.com yet i only received computerised replies mentioning it is the bank’s problem as they as a broker have fulfilled their role in the transfer. you can see my frustration in the screenshots when my emails were only met with the same messages. i contacted my IB at that time but to no avail. she insisted that it was the brokers’ doing and not their fault. i just only found out that there is a mediator now available on wikifx so i am now trying to get my funds to where it belongs: my account.
Exposure
02-29
MUHAMMAD ARIF FAUZI
Malaysia
already 5 month withdraw pending.. in system complete but not receive money
Exposure
2023-12-28
MUHAMMAD ARIF FAUZI
Malaysia
almost 6 month withdraw pending.. wisemarket not disburse my withdraw. pictures are my evidence
Exposure
2023-12-24
MUHAMMAD ARIF FAUZI
Malaysia
i was withdraw from 21july until now still pending.. wisemarket not responsbility for that.. chat boot and email support are same reason.. total withdraw 3400usd the picture are my evidence👇🏼
Exposure
2023-12-20
MUHAMMAD ARIF FAUZI
Malaysia
wisemarket not responsbility for my withdraw almost 6 month stil not disburse my money.. total amount 3400usd bottom picture with evident.. wisemarket scammer
Exposure
2023-12-19
MUHAMMAD ARIF FAUZI
Malaysia
haii support i want ask about my withdraw still pending almost 6 month i was chat bot and email wisemarket but still same reason. not have any action. wisemarket not responsbility to clian. many trader was scam from wisemarket.. i sent with prove on picture.. total withdraw 3400usd stil pending almost 6 month please disburse on the sport on my local bank..
Exposure
2023-12-18
SkyBlue2048
Malaysia
Total my pending withdraw is 4600usd. its has been 4 months and the broker keep reply same email. i was join under Fira indicator and too bad fira and the team keep silent and not a responsible team.
Exposure
2023-12-14
BadExperience
Malaysia
I came across WiseMarket through a Facebook ad for JB Indicator on October 27, 2022. Following this, I joined the JB Indicator Telegram group, where JB himself shared insights and trading signals. While I initially profited from WiseMarket, I encountered an issue with my withdrawal. I can't withdraw my funds even though my status is "approved." This situation is concerning and serves as a warning to others. I'm sharing this to prevent others from becoming victims of similar situations. Please exercise caution when dealing with WiseMarket.
Exposure
2023-12-14
Azry
Malaysia
Made withdrawal since 30/8/23 and 7/9/23 for 200$ respectively both approved by their system but up until now no payment made to my bank account. Have been communicating through their support team but unfortunately responds with the same unproductive answers with end up with frustration. Strongly not recommending this broker for forex trading purposes because seems to have few suspicious signs as a fraudulent broker.
Exposure
2023-12-14
eLLyTLC
Malaysia
A few withdrawal transactions has been approved but yet to be credited to my account.. Kindly look into this immediately
Exposure
2023-12-14
Gobi9751
Malaysia
Already approved but I still didn't receive money in my account
Exposure
2023-12-14
chubu26
Malaysia
Amount below $100 was successfully credited but when I withdrawn $1010 on 21/08, it was deducted from my trading acc but not processed & credited to my bank acc! WISEMARKET chat option on their website has been ceased & their Telegram autobot is crap! Just giving generic reply for every enquiries & no way to speak to a real person! I contacted their support via email & they too were giving me auto generated replies ever since! When asked, the auto reply kept saying, the payment has been processed & released to my bank account but when asked for the date it was released, they are unable to advise further! Influencer JB Indicator is an accomplice too since he is promoting WISEMARKET & their BONUSES!(Used another phone to tk pictures since JB Indicator Telegram has disabled screenshots!) DONT BE FOOLED BY THE DEPOSIT BONUSES!
Exposure
2023-12-14
Khairul Hisyam
Malaysia
Withdrawal approved since 24 August but until now the money still not in my bank account. Already email them for updates every 2 day but untill now they reply with same word. Conclusion here, guessing i am already be scammed. So guys be careful with this broker n also their signal provider Fira Indicator. Don't be the next victim.
Exposure
2023-12-14
Fatin863
Malaysia
No transaction to my acc after wise market approved my requested. Until now no trasaction amount into my account. Please help me
Exposure
2023-12-14
THAHA
Malaysia
Hi withdraw already approved 2 Order by broker but no money diposited or any transaction to my local bank account.. It's already more than 3 week pending.. Pls help on this.. Thanks.
Exposure
2023-12-14
Mus3425
Malaysia
Withdrawal process took too long, the approval only came in after 4 days, remittance of funds to my bank account is still pending. i tried to email the support but still nothing!
Exposure
2023-12-14