Beware! WiseWealth is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


The most important thing to know about WiseWealth is that it would not be wise to seek wealth through this website. WiseWealth is nothing more than yet another online scam capitalizing on the hype surrounding cryptocurrencies. In this review, we will show you how to recognize such scams and point you to trustworthy forex brokers.

WiseWealth Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

We do not find any identifying information on the WiseWealth website. It is unclear which company is behind this website and where it is based. There is no Terms and Conditions or other binding documentation. If you don’t know exactly who you are dealing with and what the terms of the deal are it would be an obvious mistake to put your money on the line.

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

The Belgian financial regulator, Financial Services and Markets Authority (FSMA), confirms our suspicions about WiseWealth by blacklisting this website.

If you have decided to invest in financial instruments you have a choice of much more trustworthy options. Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Investments Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

WiseWealth Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
WiseWealth platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

WiseWealth offers a basic web-based trading platform. Here is how it looks like:

While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is no coincidence that these platforms have established themselves as the industry standard. They offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

It should be noted that the presence of some kind of trading software is no guarantee that this is a genuine broker. Financial scammers often use rigged trading platforms to fool their victims that their money is actually being invested. However, this trading is entirely fictitious and the money goes directly into the scammers’ pockets.

WiseWealth Trading instruments

FP MarketsYesYesYesYesYes

Cryptocurrencies, stocks, currency pairs, commodities and indices are included in the WiseWealth  trading software. But as stated, we have every reason to believe that this trading is fictitious. it is in your best interest to trade the financial markets only through duly licensed and established brokers.

WiseWealth Spreads and cost of trading

WiseWealthXMFP MarketsOcta
Spread EURUSD00.61.20.9
Spread GBPUSD01.31.5x
Spread USDJPY01.31.5x

In the WiseWealth trading platform we see a zero spread. This means that the broker has to charge some commission for trading. But the website does not provide any information about the trading conditions.

The websites of legitimate brokers offer detailed information about the trading conditions they offer. Brokers usually offer different types of accounts tailored to the needs of traders with different experience and capital.

WiseWealth Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

A leverage of 1:10 for all asset classes is set in the WiseWealth trading platform. This level is lower than that offered in regulated jurisdictions such as the EU and Australia for currency pairs (1:30), but higher than that allowed for cryptocurrency trading (1:2). Such discrepancies are another clue that we are dealing with a scam, not a credible broker.

WiseWealth Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

At the time of writing this review the deposit menu was not active. We were therefore unable to ascertain what payment methods were available. Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

WiseWealth Minimum deposit

WiseWealthXMFP MarketsOcta
Minimum depositN/A$5$100$100

The leading brands in the industry offer beginner traders starter accounts with a very low minimum deposit. You have no good reason to take chances with shady brokers like WiseWealth.

WiseWealth Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
WiseWealthNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet withdrawal terms.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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