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Wise Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.wisemrkts.com/, about the company's legal and temporary regulatory information, the company's address Lviv City, 46 Povitriana Street, Apt 3.

Wise Markets Forex Broker

Basic Information

Registered Region

Ukraine

Operating Period

Company Name

Wise Markets LLC

Abbreviation

Wise Markets

Company employee

Customer Service Email Address

info@wisemrkts.com

Contact Number

+380954655351

Company Website

https://www.wisemrkts.com/

Company address

Lviv City, 46 Povitriana Street, Apt 3

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Company Name Wise Markets Registered Country/Area Ukraine Founded Year 2018 Regulation Unregulated Porducts & Services Forex,Crytpocurrencies,Indices Demo Account Avalible Customer Support Email:info@wisemrkts.com,Phone:+38 0954 655351 Overview of Wise Markets Wise Markets is an investment company based in Ukraine, established in 2018. Although it is unregulated, Wise Markets offers a range of products and services including Forex, cryptocurrencies, and indices. The company provides a demo account option for its clients, aiming to meet the needs of both new and experienced investors. For customer support, Wise Markets is accessible via email at info@wisemrkts.com or by phone at +38 0954 655351, offering assistance to its users in their investment activities. Is Wise Markets Limited Legit or a Scam？ Wise Markets operates as an unregulated investment firm. Despite offering various financial products and services, such as Forex, cryptocurrencies, and indices, the company lacks oversight from any official regulatory body. This absence of regulation means that clients may not have the same level of protection or recourse that they would with a regulated entity, emphasizing the importance of due diligence for potential investors considering Wise Markets. Pros and Cons Pros Cons Reliable and Honest Service Unregulated Competitive Spreads Risk of High Losses with CFDs Expert Advice and Assistance Complexity of Products Variety of Product Types Copyright Restrictions Safe and Fast Trade Data Processing Agreement Pros of Wise Markets: Reliable and Honest Service: Wise Markets promotes itself as providing reliable and honest services, which is crucial for building trust with clients in the financial trading sector. Competitive Spreads: Offering competitive spreads can make trading more cost-effective for investors, potentially leading to better trading outcomes. Expert Advice and Assistance: The provision of expert advice and assistance indicates that Wise Markets is committed to supporting its clients, which can be particularly beneficial for new traders. Variety of Product Types: The availability of diverse product types, including CFDs, allows traders to explore different markets and diversify their investment portfolios. Safe and Fast Trade: Emphasizing safe and fast trade executions, Wise Markets aims to provide an efficient trading environment, which is a significant advantage for traders who value quick and secure transaction processing. Cons of Wise Markets: Unregulated: The lack of regulation is a considerable downside, as it raises concerns about the protection of client funds and the overall credibility of the firm. Risk of High Losses with CFDs: Wise Markets acknowledges the high risks associated with trading CFDs, which can lead to significant financial losses, including the loss of all deposits. Complexity of Products: The complex nature of margin-traded products like CFDs may not be suitable for all investors, especially those who are inexperienced or do not fully understand the risks involved. Copyright Restrictions: The strict copyright terms could limit the use of resources and materials provided by Wise Markets, potentially affecting the learning and trading experience. Data Processing Agreement: By accepting the terms and conditions, clients agree to the processing of their personal data, which might raise privacy concerns for some individuals, especially in the absence of detailed information about data handling practices. Products & Services Wise Markets offers a range of financial products focusing on traders and investors looking to engage in the financial markets. Their product offerings include: Forex (Foreign Exchange): Wise Markets provides opportunities to trade in the forex market, allowing clients to buy and sell different currencies with the aim of profiting from currency value fluctuations. Cryptocurrencies: The company meets the growing demand for digital asset trading by offering cryptocurrency trading options, enabling clients to engage in the buying and selling of various digital currencies. Indices: Investors can also trade indices through Wise Markets, which typically involves speculating on the price movements of a basket of stocks representing a particular market segment or economy. How to Open an Account？ To open an account with Wise Markets, you can follow these simplified steps: Create an Account: Visit the Wise Markets website and find the option to open an account. You will need to provide some personal information, such as your name, email address, and possibly other identification details to set up your account. This step usually involves filling out an online registration form. Deposit Funds: Once your account is set up, the next step is to deposit funds into it. Wise Markets will likely offer various methods for depositing funds, such as bank transfers, credit/debit cards, or possibly e-wallets. Choose the most convenient and suitable option for you, and deposit the amount of capital you wish to trade with. Take Quality Analytics Support: Utilize the analytics support provided by Wise Markets to make informed trading decisions. This support could include market analysis, trading signals, or other tools designed to assist traders in navigating the financial markets. Customer Support Wise Markets offers various channels for customer support to address questions and requests from clients. Customers can reach out to the company via email at info@wisemrkts.com for any inquiries or support needs. Additionally, there is a phone support option available at +38 0954 655351 for more direct communication. For those preferring or requiring physical correspondence or visits, the registered office of Wise Markets is located at 46 Povitriana Street, Apt 3, Lviv City. Conclusion Wise Markets offers a variety of trading products, including Forex, cryptocurrencies, and indices, attracting a wide range of investors. Despite being unregulated, the company provides competitive spreads, expert advice, and emphasizes safe and fast trading. Potential clients have access to customer support through email, phone, and a physical address in Lviv City. FAQs Q: Is Wise Markets regulated？ A: No, Wise Markets is not regulated, which means there is no official financial authority overseeing its operations. Q: What types of products can I trade with Wise Markets？ A: Wise Markets offers trading in Forex, cryptocurrencies, and indices. Q: How can I open an account with Wise Markets？ A: To open an account, you need to create an account on their website, deposit funds, and then you can start trading with the assistance of their analytics support. Q: How can I contact Wise Markets for support？ A: You can contact Wise Markets via email at info@wisemrkts.com, by phone at +38 0954 655351, or visit their registered office in Lviv City. Q: What are the risks associated with trading on Wise Markets？ A: Trading with Wise Markets involves risks, especially since it offers complex products like CFDs. There is a high risk of losing capital, and the lack of regulation may pose additional risks. Always ensure you understand the risks and trade responsibly.

Wise Markets broker review

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How to login to Wise Markets?

Wise Markets Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide on Wise Markets, an online trading platform that provides users with access to various financial instruments. This guide will walk you through the processes of registration, acc

Wise Markets Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Wise Markets, also known as Wise Group LLC, was established in 2021. The company is headquartered in Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent and the Grenadines. As a private entity, Wise Markets primarily serves retail clients in various regions, focusing on the Asian market, including countries such as Singapore, Malaysia, Vietnam, the Philippines, Indonesia, Australia, India, and Laos.

　　Since its inception, Wise Markets has aimed to provide a range of trading services, including foreign exchange (forex), stocks, and contract-for-difference (CFD) products. The broker utilizes the popular MetaTrader 4 (MT4) platform, which is favored for its user-friendly interface and advanced trading capabilities. The company has been on a growth trajectory, with aspirations for global expansion, highlighted by recent acquisition interests from two Middle Eastern firms, estimated at $50 million.

　　As a CFD broker, Wise Markets offers various financial instruments, allowing clients to engage in trading across multiple asset classes. The business model is centered around retail forex trading, with a focus on providing competitive trading conditions and a robust trading environment.

2. Regulatory and Compliance Information

　　Wise Markets operates under the regulatory framework of the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), holding a registration number of 2065. However, it is important to note that the regulatory environment in this jurisdiction is known to be lenient, and the SVG FSA does not impose strict regulations on forex brokers. This lack of stringent oversight raises concerns regarding the safety of client funds and overall business practices.

　　The broker claims to be regulated by the Mwali International Services Authority (MISA), with the license number T 2023255. However, MISA is considered a lesser-known regulatory body, and its standards may not align with those of more established financial centers. As a result, clients trading with Wise Markets may not benefit from the same level of protection typically afforded by more reputable regulatory authorities.

　　Furthermore, Wise Markets does not provide information regarding client fund segregation, investor compensation schemes, or comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This lack of transparency is a significant red flag for potential investors.

3. Trading Products and Services

　　Wise Markets offers a diverse range of trading products, including:

　　Forex Trading: Clients can trade over 40 forex currency pairs, covering major, minor, and exotic pairs. This extensive selection allows traders to capitalize on various market movements.
　　CFD Products: The broker provides access to a wide array of CFDs, including:
　　Stocks: Over 19,000 stocks from more than 40 global exchanges.
　　Commodities: Trading options include precious metals like gold and silver, as well as energy products like oil.
　　Cryptocurrencies: Wise Markets supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
　　Exchange-Traded Funds (ETFs): Clients can also invest in ETFs, providing exposure to various market sectors.

　　The frequency of product updates and the introduction of new trading instruments are not explicitly detailed on the broker's website, which limits transparency regarding the evolution of their product offerings.

4. Trading Platforms and Technology

　　Wise Markets utilizes the MetaTrader 4 (MT4) platform as its primary trading software, offering clients access to a comprehensive suite of trading tools, including:

Real-time quotes and advanced charting capabilities.
A variety of technical indicators and customizable trading strategies.
Automated trading features through Expert Advisors (EAs).

　　The MT4 platform is available for both desktop and mobile devices, ensuring traders can manage their accounts on the go. However, there is no indication of proprietary trading platforms or additional web-based platforms being offered.

　　In terms of execution models, Wise Markets operates under a Market Maker model, which may introduce potential conflicts of interest. The broker's server locations and technical infrastructure details are not disclosed, raising concerns about the reliability and speed of trade execution.

　　API access and automated trading support are also not clearly mentioned, which could limit the capabilities of algorithmic traders.

5. Account Types and Trading Conditions

　　Wise Markets offers a standard trading account with unspecified minimum deposit requirements. The trading conditions include:

　　Leverage: Up to 1:1000, allowing traders to control larger positions with a relatively small capital outlay. However, such high leverage also increases the risk of significant losses.
　　Minimum Trade Size: Specific details regarding the minimum trade size are not provided, which may hinder traders in planning their strategies effectively.
　　Spreads and Commissions: The broker advertises competitive spreads, starting from 0.3 pips on major currency pairs, but does not disclose detailed information about commissions or fees associated with trading.
　　Overnight Fees: Information regarding overnight financing fees is not explicitly mentioned, which could lead to unexpected costs for traders holding positions overnight.
　　Account Types: There is no clear differentiation of account types, such as VIP or Islamic accounts, which may limit options for specific trader needs.

6. Fund Management

　　Wise Markets supports a limited range of deposit methods, primarily focusing on:

Bank Wire Transfers: Typically takes 2-5 business days for processing.
Credit/Debit Cards: Instant deposits are accepted, but specific conditions are not detailed.

　　The minimum deposit requirements are not clearly stated, which raises concerns about transparency. Additionally, deposit fees are not explicitly outlined on the broker's website.

　　For withdrawals, Wise Markets allows clients to withdraw funds through bank wire transfers and credit cards. However, the processing times and any associated fees are not clearly defined, potentially leading to delays and unexpected charges for clients.

7. Customer Support and Educational Resources

　　Wise Markets provides customer support through various channels, including:

Email Support: Clients can reach out via the designated email address for inquiries and assistance.
Phone Support: A contact number is available for direct communication, although response times may vary.

　　The broker's support services are limited in terms of availability and may not cover all time zones effectively. Language support is primarily in English, which could be a barrier for non-English speaking clients.

　　In terms of educational resources, Wise Markets does not appear to offer comprehensive training materials, webinars, or tutorials for traders. Market analysis services, including daily insights and research reports, are also not prominently featured.

8. Regional Coverage and Restrictions

　　Wise Markets primarily targets the Asian market, with significant operations in countries like Singapore, Malaysia, and Indonesia. However, specific details regarding regional offices and their distribution are not disclosed.

　　The broker does not provide a clear list of countries or regions from which clients are prohibited from registering. This lack of transparency could pose risks for potential clients, particularly those in jurisdictions with strict regulatory frameworks.

　　In summary, while Wise Markets does offer a range of trading products and services, the lack of regulation, transparency, and comprehensive client support raises significant concerns for potential investors. Careful consideration is advised for those contemplating trading with this broker.

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