WiseTrader

WiseTrader Broker Review

WiseTrader is well-known for providing as many tools as possible to help its customers reach their trading and investment goals. WiseTrader’s goal is to help ensure that customers have all the resources they need to invest their income, preserve it, and increase their holdings. WiseTrader is a subsidiary of F1Markets Ltd., which is an investment services company regulated by the European Union. Traders should be familiar with F1Markets Ltd., as it is a company known for reputable global exchanges.

With the subsidiary’s headquarters located in Sofia, Bulgaria, WiseTrader was founded in 2016 and launched in late 2017, making this a relatively new company. However, despite the recentness of its founding date, the company is controlled and managed by experienced veterans in the trading business. WiseTrader provides a wide range of tradeable assets, educational tools, and account types. In fact, one of the unique, advantageous features of this company is its large number of account types, each named after a different metallic element and containing differing features to help you find the right fit.

Tradeable Assets

WiseTrader offers many different tradeable assets, including stocks, commodities, forex, and indices. You can trade in CFDs with WiseTrader. Stocks offered include big names such as Google, Apple, Unilever, and more, and commodities include gold, silver, oil,  brent, and coffee. If you’re seeking to trade forex, many different pairings are available, and WiseTrader has wasted no time getting going with cryptocurrency. Cryptocurrencies like Bitcoin, LiteCoin, XRP, and Ethereum are all available. Major, minor, and exotic fiat currencies are also ready to be traded. The newness of this company has not stopped it from providing customers with such a large assortment of tradeable assets.

Account Types

This is where WiseTrader really shows its mettle. There are six different account types. In order, from the least to most features (as well as lowest to highest minimum deposit requirement), these account types are: basic, bronze, silver, gold, platinum, and rhodium.

The basic account has a minimum deposit requirement of {currency}250. With the basic account, you have access to 24/5 customer support, the trading academy, traders’ education, video library, and webinars. Bronze and silver allow you that same access, as well as access to market signals and coaching sessions. You get one coaching session with bronze and quarterly sessions with silver. The deposit for bronze is {currency}1,000, and the deposit for silver is {currency}2,500.

After these come gold, platinum, and rhodium. Gold has a {currency}10,000 minimum deposit, and it allows you access to all the features of silver, plus portfolio structuring with analyst support and ECN (Electronic Communication Network). Platinum, the next level up, has a deposit requirement of {currency}25,000, and you get all the features of gold, except your coaching sessions are unlimited and you also have access to limited assets plus a 3% payout.

Rhodium is the most advanced account type. Rhodium has a deposit minimum of {currency}30,000. You get all the features of platinum, plus annual on-site seminars and a “rhodium debit card,” which is a feature unique only to that account type. The graded account levels of WiseTrader allow traders to find the right fit for their budget and trading needs.

Type of Broker

WiseTrader is an investment broker specialising in CFDs (Contracts for Difference) on shares, indices, commodities, and currency pairs, including cryptocurrency to fiat pairs.

Regulation

Wisetrader is regulated by the European Union. Specifically, the Cypress Securities and Exchange Commission regulates WiseTrader. CySec is also the regulatory agency for WiseTrader’s parent company, which is based in Cypress.

Platforms

WiseTrader operates on the popular trading platforms MetaTrader4 and MetaTrader5, both of which are reputable and well-known by industry professionals.

WiseTrader Mobile Trading

With WiseTrader, you have the ability to trade on-the-go. The platform works on both desktop and mobile devices. In fact, the platform actually won an award for its ease-of-use. WiseTrader has an app for Android devices.

Bonuses

WiseTrader offers different bonuses for its customers that depend primarily on the account type they have. Clients can also enter tournaments in which virtual funds are traded. here doesn’t seem to be deposit bonuses, though preferential treatment is given to clients based on their account type.

Deposit Options

To deposit, you can click on the “Deposit” section of your account page and fill out the required information. The minimum deposit amount is 250 euros or 250USD. Euros or USD are the only two currencies permitted for deposit. You can also make deposits using credit and debit cards, bank transfers, and e-wallets like Neteller, Yandex, Skrill, WebMoney, CashU, iDeal, Qiwi, and more.

Withdrawal Methods

Funds must be withdrawn using the same method with which you deposited the currency. The minimum withdrawal is 100USD or 100 euros, and the maximum is your full account balance.

Customer Support

WiseTrader customer support is available 24/5. You can contact them via phone, by email, or through a portal on their website. They also have several detailed FAQ pages.

Ease of Use

WiseTrader prides itself on its ease of use, and for good reason. Its website is laid out simply, and the trading information is easy to follow. The account payment information and requirements should be familiar to experienced traders and easy for new traders to use.

Why Trade at WiseTrader

WiseTrader has a wide range of account types available for its traders that will fit any needs they have. There are also many different tradeable assets, including cryptocurrency. WiseTrader also offers educational tools and instruments that will help clients to invest, preserve, and grow their money by making wise decisions.

To see how WiseTrader ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.