Wisetrader is a Foreign Exchange and CFD brokerage that provides access to currencies, stocks, commodities, indices, and cryptocurrencies. Wisetrader is owned and operated by F1Markets Ltd. The company is regulated by CySEC, License Number: 267/15. Even though the brand is rather new to the market, the company has been existing since early 2015 and it has not stained its reputation in any way. What does this brokerage has to offer? Let’s check our Wisetrader review to find out more.
Leverage: 200:1 Licences: CySEC
Min. Deposit: 250 USD Bonus: N/A
Spreads: from 1 pip US Clients: No
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The broker provides a simple yet useful website that delivers quite a positive user experience.
You will not find any distractions, just a neatly designed page that informs you about the company’s offer and lets you register in a simple way.
Besides that, the website is the website is simple and easy to navigate. It provides a detailed information about the company, its licenses and regulations as well as the philosophy. Then potential clients can preview the trading accounts and the software. Beginners are provided with an extensive library of the eBooks and more advanced traders can benefit from daily market analyses.
As Wisetrader points out on its homepage – Timing is Everything. This is why the broker does not require you to download any software to get started with online trading, the platform is just one click away within the website and it lets you see its features without filling out a single form.
This is certainly a great advantage, as most of the brokers often require email and phone verification before their trading software can be even seen.
As for the software, it has a comfortable navigation between the asset classes, one can easily switch tabs and trade CFDs, currencies and cryptos.
The platform is quite comfy to use as it allows you to quickly set alerts, add assets to the list of your favorites and observe the trading conditions in a very easy manner.
Wisetrader crypto trading
The brokerage offers a great set of financial assets, and most notably we have to highlight its cryptocurrency offering. During our Wisetrader review we have seen BTC, XRP, ETH, LTC, DASH, and BCH available with this brokerage. This is certainly a great set of financial assets that is very hard to beat.
In addition to this, you may not only trade these pairs against the dollar. Some of the cryptos are also quoted in EUR and AUD. This is a unique feature that we were not able to find elsewhere.
Wisetrader reviews of accounts
This is not a “one-size fits all” type of a broker. With Wisetrader you can enjoy a set of benefits that corresponds to your account size.
The minimum deposit to open a basic account is 250 EUR, the next “Silver” account with this broker is 2,500 EUR and the elite “Rhodium” account starts at 100,000 EUR. The table above illustrates the differences between the accounts quite well, yet the rule of thumb is very simple – the larger your account is – the more benefits you get with Wisetrader broker. However, even the most basic account provides a trader with all of the needed features.
Essentially, the brokerage is quite new and its website is only available in English. However, it does come with a very simple, yet solid trading platform and a great variety in the trading assets. In addition to this, the company is regulated by the CySEC, which sets it apart from a number of unregulated offshore entities. It does seem that the broker could make an improvement in the covered languages, but it already looks decent.