WiseMarket is an online trading platform established in 2021 in St. Vincent and the Grenadines, dedicated to offering a unique trading experience to traders. Built on the core values of trust, transparency, and unwavering dedication to customer success, the company aims to help clients achieve financial freedom and their goals.
Trust and Transparency
From its inception, WiseMarket has emphasized transparency and trust as part of its core values. The company commits to ethical business practices, ensuring that clients are not just trading but trading with confidence.
Regulation and Safety
WiseMarket claims to be regulated by the Mwali International Service Authority and holds license number T2023255. The platform strives to provide a dynamic yet secure trading environment for investors.
User Experience and Customer Support
WiseMarket offers a user-friendly trading platform, making trading more accessible. They also provide email customer support services, committed to resolving customer issues promptly and efficiently.
Inclusive Accounts
WiseMarket offers Shariah-compliant accounts, showing inclusivity for diverse customer needs. Mohéli, also known as Mwali, is one of the three islands forming the Union of Comoros, located in the Indian Ocean off the coast of Africa.
Registration Process
Registering an account with WiseMarket is straightforward. Users can easily sign up on their website and provide necessary identification for verification, ensuring accuracy and security throughout the process.
Business Philosophy
The business philosophy of WiseMarket revolves around collaborative success, offering comprehensive services including investment services and technology solutions.
Online Reviews and Controversies
Despite WiseMarket's claims of being registered and regulated in St. Vincent and the Grenadines, external reviews suggest otherwise. The lack of transparency in their trading conditions and the absence of essential contact information further warrant caution against this untrustworthy and anonymous broker.
Trading Platform and Account Types
WiseMarket offers the widely-used MetaTrader4 desktop platform and provides both demo and live accounts, supporting Windows, Linux, Android, and iOS systems.
Trading Conditions and Payment Methods
WiseMarket's website lacks transparency regarding account types and minimum deposit requirements. The platform has limited payment options, primarily accepting credit and debit cards.
Trading Instruments
WiseMarket offers trading instruments such as Forex, Crypto, Stocks, and ETFs. However, those seeking a more diverse selection of trading instruments may find WiseMarket lacking.
Fees and Leverage
WiseMarket does not clearly state its spreads and leverage ratios on their website. Leverage is a crucial trading condition that can magnify a trader's gains or losses, particularly risky when dealing with an unregulated broker like WiseMarket.
Transparency Concerns
The lack of clarity regarding fees, minimum withdrawals, and trading volume requirements at WiseMarket is concerning. Traders need to understand these factors before starting to trade, as they can significantly affect their profits and overall trading experience.
Conclusion
Overall, WiseMarket is an offshore forex broker registered in St. Vincent and the Grenadines, operating for 2 years. While offering services in Forex, cryptocurrencies, stocks, and ETFs, there are several drawbacks to consider. The broker's lack of regulation raises concerns about the safety and security of funds. The opacity regarding trading conditions, including leverage, minimum deposits, and spreads, is also a significant shortcoming. Additionally, the absence of educational resources and limited customer support options further diminishes the overall experience. Traders should carefully assess these factors and consider alternatives that offer greater regulatory oversight, transparent trading conditions, and robust support services
