Wisdom Financial Service Forex Broker

Wisdom Financial Service Review SummaryFounded2023Registered Country/RegionSaint LuciaRegulationFCA (Exceeded)Market InstrumentsForex & CFD Trading on Stocks, Indices, Oil, GoldDemo Account/LeverageUp to 1:1000SpreadFrom 0.1 pips (Standard account)Trading PlatformAPPMin Deposit$1Customer SupportContact formTel: +66867741450Email: admin@wisdomfinancialservice.comSocial media: Facebook, Instagram, TwitterRegional RestrictionUSA Wisdom Financial Service was registered in 2023 in Saint Lucia, which is a broker focusing on the forex and CFD markets. It offers 3 types of accounts, with a minimum deposit of $1 and a maximum leverage of 1:1000. It was regulated by the Financial Conduct Authority (FCA) in the UK, but the license was exceeded, which means potential risks may exist.Pros and ConsPros Cons Diverse tradable assetsNew to the marketMultiple investment plansExceeded FCA licenseFlexible leverage ratiosNo MT4 or MT5No commissionsUnknown payment methodsLow minimum depositUS clients are not allowedVarious channels for customer supportIs Wisdom Financial Service Legit? Wisdom Financial Service was once regulated by the Financial Conduct Authority (FCA) in the UK, but it was exceeded. Besides, the current status shows that activities such as client transferring and updating are prohibited. Therefore, careful considerations are recommended, because potential risks may exist.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Financial Conduct Authority (FCA)ExceededUKCommon Business Registration15895105What Can I Trade on Wisdom Financial Service? Wisdom Financial Service offers several types of products, including forex, stocks, indices, oil, and gold.Tradable Instruments Supported Forex✔CFDs✔Stocks✔Indices✔Oil✔Gold✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Investment Plan Wisdom Financial Service provides 3 types of accounts, including Mini Plan, Standard Plan, and SVIP Plan.Investment PlanMin DepositMini $1Standard $1,000SVIP $3,000LeverageInvestment PlanMax LeverageMini 1:1000Standard 1:500SVIP 1:300 It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.FeesInvestment PlanSpreadCommissionMini From 0.5 pips❌Standard From 0.1 pipsSVIP From 0.3 pipsTrading Platform Wisdom Financial Service uses its own trading APP, but it does not provide details about this APP.Trading PlatformSupported Available Devices Suitable forAPP✔Mobile/MT4❌/BeginnersMT5❌/Experienced traders