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Bankwisse

United States|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.bankwisse.com/

Website

Rating Index

Contact

+1-987-654-1234
support@bankwisse.com
https://www.bankwisse.com/
Sweetwood Drive Street, Boulder, Colorado 80302

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Bankwisse · Company Summary

Risk Warning

Note: Bankwisses official site - https://www.bankwisse.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Bankwisse Review Summary
Registered Country/Region United States
Regulation No Regulation
Market Instruments Forex
Demo Account Unavailable
Leverage 1:200
EUR/ USD Spreads 4 pips
Trading Platforms Web- based trading platform
Minimum Deposit Over €100000 (VIP Club account)€25000 (Platinum account)€5000 - €7000 (Gold account)€500- €5000 (Silver account)
Customer Support Phone, email

What is Bankwisse?

Bankwisse is an online trading platform. The platform presents itself as a platform that enables users to engage in trading activities and potentially generate profits. However, it is important to approach platforms like Bankwisse with caution, as there have been reports and concerns raised regarding its legitimacy and functionalities. These concerns include discrepancies between the advertised features on the website and the actual capabilities of the platform, as well as no regulation condition. The lack of clear information regarding regulatory compliance raises questions about the platform's adherence to industry standards and safeguards for user protection.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• Multiple account types • Website unavailable
• Too high spreads
• Not MT4 available
• Not regulated
• Limited trading instruments
• High minimum deposit
• Limited payment options

Bankwisse Alternative Brokers

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

  • Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.

  • Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

  • Grand Capital – A multi-asset trading platform that provides traders with access to various financial markets, innovative trading technologies, and an extensive range of investment options.

Is Bankwisse Safe or Scam?

Bankwisse currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Bankwisse is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Bankwisse, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Bankwisse offers trading of forex. Forex, short for foreign exchange, is the global marketplace where traders buy and sell currency pairs.

With Bankwisse, traders gain access to a wide range of currency pairs from major currencies like the US dollar, euro, British pound, and Japanese yen, to exotic currency pairs. The platform provides real-time streaming quotes, charts, and technical analysis tools to assist traders in making informed trading decisions.

Customers can take advantage of various trading strategies such as scalping, day trading, swing trading, and long-term investing. Bankwisse offers competitive spreads on forex trades, although the specific spreads may vary depending on market conditions and the currency pair being traded.

Accounts

Bankwisse offers three live account types including VIP Club account, Platinum account, Gold account and Silver account with the minimum deposit requirement of €100000, €25000, €5000 and €500 respectively.

  • The VIP Club Account

The VIP Club account is designed for high-net-worth individuals or experienced traders looking for premium services. Clients with this account enjoy exclusive benefits such as personalized account management, priority customer support, access to advanced trading tools, and invitations to exclusive events or seminars.

  • The Platinum Account

The Platinum account is suitable for traders who want additional advantages and a higher level of service. Clients with a Platinum account enjoy benefits such as competitive spreads, access to a wider range of financial instruments and markets, dedicated account managers, and priority withdrawal processing.

  • The Gold Account

The Gold account is designed for traders who want a more comprehensive trading experience. Clients with a Gold account have access to a range of trading tools and resources, including real-time market data, educational materials, and technical analysis tools.

  • The Silver Account

The Silver account is suitable for traders who are new to the financial markets or prefer to start with a smaller investment. Clients with a Silver account have access to the basic features of the trading platform, including real-time quotes, order execution capabilities, and customer support.

Leverage

Leverage

Bankwisse provides its clients with a maximum leverage of 1:200, allowing traders to amplify their trading positions and potentially increase their profit potential. Leverage is a financial tool that enables traders to control a larger position in the market with a smaller initial investment.

With a leverage of 1:200, traders can trade with an amount that is 200 times the value of their account balance. For example, if a trader has a €1,000 account balance, they can open positions with a total value of up to €200,000. This increased buying power allows traders to participate in larger market movements and potentially generate higher profits. In all, it is worth noting that while high leverage brings high returns, it is also accompanied by high risks. It is always recommended that everyone choose leverage carefully.

Spreads & Commissions

Bankwisse offers 4 pips for their account, which is totally above the industry average and not very favorable for traders in our opinion. Spreads refer to the difference between the buy and sell prices of a financial instrument, and they represent the cost of executing trades. A 4-pip spread means that traders would need the market to move at least 4 pips in their favor before they can start profiting.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Bankwisse 4 pips N/A
Ax 0.4 pips None
Equiti 0.0 pips $ 3.5 per lot
Grand Capital 0.0 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Bankwisse offers web-based trading platform for its clients, which creates an expectation of comprehensive trading services for potential users. However, upon completing the registration process and accessing the platform, users have encountered a significant discrepancy. Instead of the anticipated trading platform, they are met with a simplistic chart that solely provides information on the current Bitcoin prices. This chart lacks essential trading functionalities, indicating that Bankwisse may not possess the technical capacity to fulfill the services they promote.

Such a situation raises concerns about the platform's credibility and the accuracy of the information presented on their website. It is advisable for individuals considering Bankwisse to exercise caution and conduct further research before committing any funds or providing personal information. Contacting their customer support to seek clarification on the available trading features and platforms could also be helpful in gaining a clearer understanding of their services.

web-based trading platform

See the trading platform comparison table below:

Broker Trading Platform
Bankwisse Web- based trading platform
Ax MT4
Equiti MT4, MT5
Grand Capital iTrade, Webtrade

Deposits & Withdrawals

Bankwisse accepts deposits and withdrawals via credit card. This payment method allows traders to swiftly and securely fund their trading accounts or withdraw their profits directly to their credit cards.

To make a deposit and withdrawal, customers can navigate to the deposit section of the Bankwisse platform and select the credit card option. They will then need to enter the required details, including the card number, expiration date, CVV code, and the desired deposit amount. Bankwisse takes the necessary precautions to ensure the security of these transactions, employing encryption and industry-standard security measures to protect customers' sensitive information.

Bankwisse minimum deposit vs other brokers

Bankwisse Most other
Minimum Deposit €500 $100

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +1-987-654-1234

+1-987-654-4567

Email: support@bankwisse.com

Address: Sweetwood Drive Street, Boulder, Colorado 80302

Pros Cons
  • Phone and email support available
  • No live chat support
  • No multilingual support
  • No social media presence

Note: These pros and cons are subjective and may vary depending on the individual's experience with Bankwisse's customer service.

Conclusion

In conclusion, Bankwisse is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. Bankwisse's trading platform, web- based trading platform, caters to the needs of both beginner and advanced traders.

However, Bankwisse has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Bankwisse is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of Bankwisse or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is Bankwisse regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Bankwisse?
A 2: You can contact via telephone, +1-987-654-1234 and +1-987-654-4567 and email, support@bankwisse.com.
Q 3: Does Bankwisse offer demo accounts?
A 3: No.
Q 4: Does Bankwisse offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers web-based trading platform.
Q 5: What is the minimum deposit for Bankwisse?
A 5: The minimum initial deposit to open an account is €500.
Q 6: Is Bankwisse a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Broker Information

Company Name

Bankwisse

Company Abbreviation

Bankwisse

Regulatory Status

No Regulation

Platform registered country and region

United States

Company website
Phone of the company
  • +1-987-654-1234

  • +1-987-654-4567

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Company address
  • Sweetwood Drive Street, Boulder, Colorado 80302

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@bankwisse.com

Company Summary

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