Wisdom Financial Service Forex broker specializes in providing foreign exchange trading services, the company's official website https://client.wisdomfinancialservice.com/regist-real, the company's legitimate regulatory information United KingdomFCACommon Business Registration, to enhance the security of the company's address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Wisdom Financial Service Forex Broker
Basic information
Saint Lucia
1-2 years Regulated in United Kingdom Common Business Registration MT5 Full License Regional Brokers Suspicious Overrun Medium potential riskCompany profile
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 Cons
| Pros | Cons |
| Diverse tradable assets | New to the market |
| Multiple investment plans | Exceeded FCA license |
| Flexible leverage ratios | No MT4 or MT5 |
| No commissions | Unknown payment methods |
| Low minimum deposit | US clients are not allowed |
| Various channels for customer support |
Is 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 Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Conduct Authority (FCA) | Exceeded | UK | Common Business Registration | 15895105 |
What 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 Plan | Min Deposit |
| Mini | $1 |
| Standard | $1,000 |
| SVIP | $3,000 |
Leverage
| Investment Plan | Max Leverage |
| Mini | 1:1000 |
| Standard | 1:500 |
| SVIP | 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.
Fees
| Investment Plan | Spread | Commission |
| Mini | From 0.5 pips | ❌ |
| Standard | From 0.1 pips | |
| SVIP | From 0.3 pips |
Trading Platform
Wisdom Financial Service uses its own trading APP, but it does not provide details about this APP.
| Trading Platform | Supported | Available Devices | Suitable for |
| APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Rating Index
Mini
SVIP
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Latest Reviews
Sarah K
Japan
Needed help with setting up my account, and customer support was fantastic. Very responsive and helpful!
Positive
2024-06-27
Sarguna Raj
Netherlands
I've been trading with Wisdom for a year now. Their platform is user-friendly and reliable. 👍👍👍
Positive
2024-07-22