WIseBanc Forex Broker

Note: WIseBanc's official website -https://wisebanc.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. WIseBancReview Summary Founded2016 Registered Country/RegionBulgaria RegulationNo regulation Market InstrumentsCurrency pairs, and various CFDs, including indices, commodities, stocks, and cryptocurrencies Demo Account/ LeverageUp to 1:400 Spread7 pips (Basic account) Trading PlatformWeb Min Deposit$250 Customer Support Email: support@wisebanc.com Founded in 2016, WIseBanc is an unregulated broker offering trading in Forex and various CFDs. Also, the spreads on EUR/USD are very high, fixed at 7 pips, and the broker provides an unknown web platform that is too simple and lacks some analytical tools. What's worse, the minimum deposit requirement is as high as $250.Pros and Cons ProsCons Various trading productsInaccessible website Multiple account typesNo regulation Wide spreads No MT4/5 High minimum deposit No info on payment methods Only email supportIs WIseBanc Legit? No, WIseBanc has no valid regulations. It's not safe for investors to choose this brokerage.What Can I Trade on WIseBanc? Tradable InstrumentsSupported Currency pairs✔ CFDs✔ Indices✔ Commodities✔ Stocks✔ Cryptocurrencies✔ Bonds❌ Options❌ ETFs❌Account Type Account TypeMinDeposit Basic$250 Bronze/ Silver/ Gold/ Platinum/ Diamond/Leverage The leverage is up to 1:400 for all account types. Typically, high leverage means that investors can control larger trading positions with less capital, which increases potential returns and risks.Spread Account TypeSpread Basic7 pips Bronze6 pips Silver5 pips Gold4 pips Platinum3 pips Diamond2 pipsTrading Platform WIseBanc offers its services only through a web-based trading platform. Trading PlatformSupported Available Devices Suitable for Web-based✔Web/ MT4❌/Beginners MT5❌/Experienced traders