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Wisdom

Saint Vincent and the Grenadines|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://fxwisdom.co.uk/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
WisdomTechnology-Demo MT4
Server Location United Kingdom

Contact

+359 876 112 340
info@fxwisdom.co.uk
https://fxwisdom.co.uk/
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+359 876 112 340

Broker Information

More

Company Name

Wisdom Technology Services Limited

Company Abbreviation

Wisdom

Platform registered country and region

Saint Vincent and the Grenadines

Company website
YouTube

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0544538) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Wisdom · Company Summary

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

Wisdom Review Summary
Founded 2020
Registered Country/Region Saint Vincent and the Grenadines
Regulation No regulation
Market Instruments Stock, indexes, currencies, metals, oil and gas, cryptocurrencies
Demo Account Available
Leverage 1:500
Trading Platforms MT4
Education Available
Customer Support email, phone, line chat, online messaging

What is Wisdom?

Wisdom Technology Services Ltd., a business registered in Saint Vincent and the Grenadines, trades under the name Wisdom Forex. According to Wisdom Forex, it provides users with access to a broad range of financial markets and an excellent MT4 trading platform.

On the year 2020, Wisdom Technology Services Ltd was established as a private corporation limited by shares. This private business limited will conduct its annual inspection between October 7 and November 17 in conjunction with its incorporation anniversary.

Wisdom's home page

We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.

Pros & Cons

Pros Cons
• Diverse market instruments • No valid regulations
• Provided registered office address • Limited information about spreads & commissions
• Demo accounts available • Limited information about the methods of deposits & withdrawals
• MT4 supported

Wisdom Alternative Brokers

There are many alternative brokers to Wisdom depending on the specific needs and preferences of the trader. Some popular options include:

  • XTB - Known for its combination of educational materials, comprehensive market analysis, and a custom trading platform, it's an excellent choice for new and experienced traders alike.

  • Charles Schwab - A reputable broker that offers a variety of investing alternatives, strong research tools, and an intuitive interface for users of all skill levels.

  • Fidelity Investments - A trusted broker with a strong reputation, providing a wide range of investment options, retirement planning tools, and exceptional customer service.

Is Wisdom Safe or Scam?

Wisdom Forex currently has no valid regulations. This can be a red flag as regulatory oversight plays a crucial role in ensuring the safety and fairness of brokerage services. Regulated brokers are subject to certain standards, capital requirements, and client protection measures. Without proper regulation, there may be increased risks associated with the safety of funds, transparency, and adherence to industry best practices.

NFA license

Market Instruments

Wisdom Forex is a comprehensive trading platform that offers investors the opportunity to trade a diverse range of financial instruments across multiple markets.

This includes a wide selection of tradable assets, such as stocks, allowing investors to participate in the ownership and potential growth of individual companies.

Additionally, investors can trade indexes, which represent a basket of stocks and provide exposure to specific sectors or broader market performance.

Currency trading, or forex, is another market available on Wisdom Forex, where investors can speculate on the exchange rate fluctuations between different currency pairs.

Furthermore, Wisdom Forex allows trading in metals like gold and silver, which are often sought after as safe-haven assets or as a hedge against inflation.

For those interested in the energy sector, the platform offers the ability to trade oil and gas, enabling investors to take positions based on price movements in these commodities.

Lastly, Wisdom Forex caters to the growing popularity of cryptocurrencies, providing opportunities to trade digital assets such as Bitcoin, Ethereum, and others. By offering access to such a wide array of markets and financial instruments, Wisdom Forex aims to provide investors with tools and opportunities to diversify their portfolios and capitalize on market movements.

Market Instruments

Account

Wisdom Forex provides live accounts for real trading with actual funds and demo accounts for practice and learning purposes. Investors can choose the account type that suits their needs and risk tolerance. It's recommended to start with a demo account to gain proficiency and confidence before transitioning to live trading with real money.

Education

Wisdon Forex provides clients easy-to-understand information with actionable insights. Three types of courses could be established: Beginner Course, Trading Tools, and Stocks and CFDs. The broker claims to offer a platform where clients study the basic concepts of forex trading, familiarize themselves with advanced strategies and Btrade's trading toolset, and discover the world of CFD trading.

Education

Trading Platform

Wisdom Forex offers its clients access to the leading MT4 trading platform, with its accessible program available to download on desktop, mobile, mac and web. Some features and functionalities of MT4 trading platform include: highly customized, EA (Expert Advisor) supported, 28 technical indicators, as well as thousands of other online tools to plug into MT4.

See the trading platform comparison table below:

Broker Trading Platforms
Wisdom MT4
XTB xStation 5
Charles Schwab StreetSmart Edge, Mobile App
Fidelity Investments Active Trader Pro, Fidelity Mobile App

Deposit & Withdrawal

While specific information about Wisdom Forex's deposit and withdrawal processes is not available, indications from the icons at the footer of their home page suggest that they support MasterCard and Visa payments. This implies that investors may have the option to deposit funds into their trading accounts using these credit card providers. However, it's important to note that the availability of payment methods and any associated fees or restrictions may vary. To obtain accurate and detailed information about Wisdom Forex's deposit and withdrawal procedures, it is advisable to contact their customer support directly or consult their official documentation and terms and conditions. Understanding the deposit and withdrawal options, requirements, and any associated costs is crucial for investors to make informed decisions regarding their funds and financial transactions.

Deposit & Withdrawal

Customer Service

For any inquires, or trading-related issues, you have the freedom to get in touch with this brokerage through the following channels:

Support in Line Chat, onling messaging

Company Number: +359876112340

Email: info@fxwisdom.co.uk

Registered office address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines

Customer Service
Pros Cons
• Multiple Contact Channels • Lack of 24/7 Support
• Line chat support

Conclusion

Wisdom offers investors the opportunity to trade a variety of financial instruments such as stocks, indices, currencies, metals, oil and gas, and cryptocurrencies. They offer both live and demo accounts to meet the needs of different investors.

However, the lack of effective regulations raises questions about the safety and oversight of Wisdom as a broker.

Investors must conduct thorough due diligence, research additional information, and consider the associated risks before engaging in any trading activity with Wisdom. It may be advisable to explore other reputable brokers that have established regulation, transparent customer support, and a good reputation in the industry.

Frequently Asked Questions (FAQs)

Q: Is Wisdom Forex a regulated brokerage?

A: No, Wisdom Forex currently does not have valid regulations.

Q: What financial markets can I trade with Wisdom Forex?

A: Wisdom Forex offers trading opportunities in various markets, including stocks, indexes, currencies, metals, oil and gas, and cryptocurrencies.

Q: Does Wisdom Forex provide demo accounts?

A: Yes, Wisdom Forex offers demo accounts for investors to practice trading without risking real money.

Q: How can I contact Wisdom Forex's customer service?

A: You can contact Wisdom Forex's customer service through Line Chat, online messaging, their provided phone number, or via email.

User Reviews

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邱浩銓
more than one year
Wisdom is a complete disaster of a trading broker. When I first opened an account with them, I had high hopes for their services, but unfortunately, I was sorely disappointed. Whenever I had a question or concern, the representatives were slow to respond and often seemed uninterested in helping me. It was clear that they didn't value their customers or prioritize their needs. On top of that, the trading environment itself was subpar. The platform was clunky and outdated, making it difficult to n
2023-03-23 18:42
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南宫逸风
more than one year
The regulatory license of the company Wisdom is fake! Although its website is now closed, there will certainly be no new victims, but how to identify fake licenses is really troublesome.
2023-02-28 14:00
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