Is Wise Trader 100% Safe Online Broker or a Scam?
We Found The Truth! Check This Wise Trader Review
Trade CryptoCurrencies, Forex & CFDs – See How Below!

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BrokerWise Trader
Official Website URLwww.WiseTrader.com
Headquarters43 Kolonakiou Avenue, CY-4103 Agios Athanasios, Limassol, Cyprus
Support Number+357 25 123326
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$250
Free Demo Account Open FREE Demo
Account TypesBasic, Silver, Gold, Platinum, Rhodium
Deposit & Withdrawal MethodsVISA, MasterCard, Maestro, Diners Club, Qiwi, Neteller, Skrill Moneybookers, Yandex, Web Money, Cash U
Account CurrencyUSD
Overall Score8.7/10

Full Review

Launched just a couple of months ago, Wise Trader is a new player in the forex trading arena. They are owned by F1Markets Ltd which is based in Cyprus.

Since the brokerage is relatively new, not much is written about them on the internet. Very few reviews are available which makes it difficult to determine whether they are a legit option or not. To find out the details about this broker, we had to conduct our own research. Based on what we have found after digging deep into this broker, we have compiled a comprehensive review.

Review Verdict: Wise Trader is Not a Scam
Visit Wise Trader Official Website


Read on to learn more about WiseTrader and whether they are a viable option for trading or not.

How to use Wise Trader to Execute Financial Orders?

As an investor with WiseTrader, you have the option to make use of their platform and trade forex and CFDs. There are hundreds of assets available for trading including stocks, indices, forex and commodities.

The platform is expected to introduce cryptocurrency trading in the new future, but for now traders can enjoy hassle-free and easy investments on forex.

Wise Trader’s platform is packed with innovative and intuitive features that make the investment process simple. To begin, traders can choose an asset and determine the direction of movement of the price. By studying the patterns in the market and trading history of the chosen assets, traders can make wise trading decisions and enhance their returns on investments.

Steps To Setting Up an Account

An account at WiseTrader can be set up by following few simple steps. Here’s what the procedure entails:

  • Register – complete the quick sign up form available on the website
  • Add a Deposit – with a minimum deposit of $250, it is possible to invest in the real financial markets.
  • Trade – hundreds of underlying assets are available to choose from. The payouts vary and depends on the leverage ratios.

Is WiseTrader a Fair Trading Partner?

Wise Trader is a CySEC regulated broker. This means that they are under an obligation to adhere to the laws and guidelines that are set out by this financial regulatory authority. Furthermore, WiseTrader is authorized to offer its services to the clients residing in the EU.

When a broker is licensed, they have to meet several requirements to be able to operate legitimately. They are also required to keep their clients’ funds in segregated accounts. Those who sign up with Wise Trader can invest with peace of mind because even if the company becomes insolvent, their funds will be protected.

Although Wise Trader is a new broker, they have established themselves as a reputable service provider. They have also received many positive reviews from their users. They are a good broker, even for those clients who reside in the USA.

Overall, we are quite happy with the brokerage and we are certain that if you choose them as your trading partner, you will not regret your decision.

Minimum Deposit Required

Wise Trader makes it effortless for investors to get started with their trading platform. They require a minimum deposit of $250. Methods of payment include major credit and debit cards, Qiwi, bank wire transfer, Skrill and Neteller. The minimum amount needed to make a withdrawal is $100.

Account Types & Bonuses

To make the most out of your trading experience, you can choose from 6 types of accounts. Here is a look at the account tiers and their minimum deposit requirement.

  • Basic – $250
  • Bronze – $1000
  • Silver – $2500
  • Gold – $10,000
  • Platinum $25,000
  • Rhodium – $30,000

Each of these accounts vary in terms of bonuses and perks. Basically, the benefits increase with higher account tiers.

Trading Platform

Just like many other reliable forex trading brokers, WiseTrader also operates on the popular MetaTrader 4 platform. The trading platform is web-based, but it also has a mobile version to facilitate trading while traders are on the move.

Review Verdict: Wise Trader is Not a Scam
Visit Wise Trader Official Website


MT4 is regarded as a powerful and user-friendly trading platform. The interface is easy to use and it also incorporates a wide selection of technical indicators and expert advisors. Another good thing about MT4 is that it allows for back-testing. Expert advisors are useful because they help during the trading process.

Customer Service

Customer care is of utmost importance for the broker and this is the reason they are committed to ensuring that traders get access to constant support throughout the normal trading hours.

Traders can reach the very friendly and professional customer care representatives via email and live chat.

Final Words

WiseTrader is a decent forex and CFD broker. They offer reasonable conditions and a secure trading environment. Their promotions and bonuses are also very attractive. The fact that WiseTrader is a regulated broker takes the worry out of investing with them. Overall, they are perfect for both experienced and inexperienced traders.

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BONUS: Get Risk Level Control Feature to set and minimize the risk of losing funds.