Wise Account Types

Wise offers three types of trading accounts to cater to different trading strategies and preferences. The account types include:

• Standard Account
• Minimum Deposit: $1,000
• Leverage: 1:1000
• Commission: $0 (depends on the deposit method)
• Available Instruments: Forex, precious metals, energies, and indices
• Minimum Trade Volume: 0.01 lots
• Margin Call: 20%
• Stop Out Level: 20%
• Standard Cent Account
• Minimum Deposit: $2,000
• Leverage: 1:2000
• Commission: $0 (depends on the deposit method)
• Available Instruments: Forex, precious metals
• Minimum Trade Volume: 1 lot
• Margin Call: 20%
• Stop Out Level: 20%
• ECN Account
• Minimum Deposit: $1,000
• Leverage: 1:1000
• Commission: $6 per trade
• Available Instruments: Forex, precious metals, energies, and indices
• Minimum Trade Volume: 0.01 lots
• Margin Call: 20%
• Stop Out Level: 20%

Wise Broker Account Opening Process

Opening a Wise trading account is a straightforward process. Here are the steps to follow:

• Visit the Wise Website: Go to the official Wise website.
• Select Account Type: Choose the type of account you wish to open (Standard, Standard Cent, or ECN).
• Fill in Your Information: Complete the online application form with your personal details.
• Verify Your Account: Upload the necessary identification documents for verification.
• Fund Your Account: Make the minimum deposit as required for the selected account type.
• Start Trading: Once your account is verified and funded, you can start trading across over 17,000 financial markets.

For more detailed information, you can visit the Wise account types page here.