Wizer foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.wizeras.com/Common/GuestWrite.aspx?id=14&modelid=112, about the company's legal and temporary regulatory information, the company's address .
Wizer Forex Broker
Basic Information
China
5-10 years Suspicious Regulatory License Suspicious Scope of Business Australia Investment Advisory License Revoked Suspicious Overrun High potential riskCompany profile
Rating Index
Wizer Forex Broker - Comprehensive Information Guide
1. Broker Overview
Wizer Capital Ltd, established in 2018, is a private brokerage firm headquartered in China. The company primarily operates in the forex trading market, catering to both retail and institutional clients. Over the years, Wizer has aimed to provide a robust trading environment through its services, which include forex trading, CFDs, and more.
Wizer has made significant strides since its inception, focusing on expanding its client base and enhancing its platform offerings. The brokerage has developed a reputation for its user-friendly services and commitment to client satisfaction. As a private company, Wizer is not listed on any stock exchange, allowing it to maintain a flexible operational structure.
The firm's business model revolves around retail forex trading, providing clients with access to various trading instruments, including currency pairs and CFDs. This model allows Wizer to cater to a diverse clientele, ranging from novice traders to experienced investors.
2. Regulatory and Compliance Information
Wizer Capital Ltd is regulated by the Australian Securities and Investments Commission (ASIC), holding the license number 283073. However, it is important to note that the brokerage has faced regulatory scrutiny, with reports indicating that it has exceeded the scope of its license. This raises potential concerns regarding its compliance with regulatory standards.
The brokerage's operations are primarily governed by Australian laws, but it also caters to clients in different regions. Wizer has implemented a customer fund segregation policy to protect clients' investments, ensuring that client funds are kept separate from the company's operational funds.
Wizer adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities before trading. This compliance is essential for maintaining a secure trading environment and protecting against fraudulent activities.
3. Trading Products and Services
Wizer offers a variety of trading products, primarily focusing on forex currency pairs. The brokerage provides access to a substantial number of currency pairs, including major, minor, and exotic pairs. Additionally, Wizer offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and stocks.
The brokerage does not currently support cryptocurrency trading, which may limit options for clients interested in digital assets. However, Wizer is known for its competitive spreads and execution speeds, making it an attractive option for forex traders.
Wizer updates its product offerings regularly, ensuring that clients have access to new trading instruments as market conditions evolve. The brokerage also provides retail trading services, allowing individual traders to access the forex market with ease.
4. Trading Platform and Technology
Wizer utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust features and user-friendly interface. The platform is available for desktop and web-based trading, providing clients with flexibility in accessing their accounts.
While Wizer does not offer proprietary trading software, the MT4 platform supports automated trading through Expert Advisors (EAs), allowing traders to implement their strategies effectively. However, the brokerage currently lacks support for mobile trading applications on iOS and Android, which may be a drawback for some clients.
The execution model employed by Wizer is primarily Market Making, which allows the brokerage to provide liquidity to its clients. The firm's servers are located in China, ensuring efficient trade execution and minimal latency.
5. Account Types and Trading Conditions
Wizer offers various account types to cater to different trading needs. The standard account requires a minimum deposit, with competitive spreads and no commission fees. For traders seeking enhanced features, Wizer provides advanced account options, including VIP and professional accounts.
The brokerage also offers a demo account for clients to practice their trading strategies without risking real capital. Leverage ratios vary depending on the account type and the trading instrument, allowing traders to maximize their potential returns.
Wizer has a transparent fee structure, with overnight fees and minimum trade sizes clearly outlined. However, the specifics of these fees may vary, and clients are encouraged to review the terms before opening an account.
6. Fund Management
Wizer supports multiple deposit methods, including bank transfers, credit cards, and various e-wallets. The minimum deposit requirements differ based on the account type, making it accessible for traders with varying budgets.
Deposits are processed promptly, typically within a few hours, while withdrawal requests may take longer to process, depending on the method chosen. Wizer does not charge fees for deposits, but clients should be aware of potential fees from payment processors.
Withdrawal options are similarly diverse, with the brokerage maintaining a clear withdrawal policy. Clients are advised to familiarize themselves with any associated fees and processing times to ensure a smooth transaction experience.
7. Customer Support and Educational Resources
Wizer provides customer support through various channels, including phone, email, and online chat. The brokerage primarily offers support in Simplified Chinese, catering to its local client base. However, the availability of support in other languages may be limited.
The brokerage offers educational resources, including webinars, tutorials, and market analysis, to help clients enhance their trading skills. Additionally, Wizer provides trading tools, such as calculators and economic calendars, to assist traders in making informed decisions.
8. Regional Coverage and Restrictions
Wizer primarily serves clients in China and other regions, with a focus on the Asia-Pacific market. The brokerage has established a presence in various locations, providing localized services to its clients.
However, Wizer does not accept clients from certain countries, which may include regions with strict regulatory requirements or where the brokerage lacks the necessary licenses. Prospective clients are encouraged to check the brokerage's website for the latest information on regional restrictions.
In conclusion, Wizer broker offers a range of trading services and products tailored to meet the needs of both retail and institutional clients. While the brokerage has faced regulatory challenges, it continues to operate in the forex market, providing clients with access to a competitive trading environment.
Man97124
Hong Kong
A woman added me on Wechat,saying that investing forex can bring about 100% profit with agent operating my account,which I was suspicious of an induced fraud.I earned a little at the beginning,making all losses later,while he continued to induce me to add fund.
Exposure
2019-01-06