WiseAlpha Review 2020

WiseAlpha Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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WiseAlpha Guide - Read our In Depth WiseAlpha Review

This WiseAlpha review was written by industry experts with over 20 years of financial experience in Forex trading, Spread Betting, .

What is WiseAlpha?

WiseAlpha are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later WiseAlpha has grown to offering retail investors Forex trading, Spread Betting trading, and trading.

WiseAlpha are a global broker and have a head office in UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this WiseAlpha review and assess how well the WiseAlpha platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like WiseAlpha can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of WiseAlpha we breakdown the pros and cons. What WiseAlpha are able to offer, what countries WiseAlpha are available in. Who WiseAlpha are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this WiseAlpha review useful.

This review of the WiseAlpha platform is very detailed. If you are interested in trading with WiseAlpha in any capacity please take the time to read and research the whole WiseAlpha review.

We have tried to explain the ins and outs of financial trading through the WiseAlpha platform as plainly as possible so that you the trader are as informed as possible before you start to use the WiseAlpha trading tools and depositing and withdrawing funds from WiseAlpha.

Benefits of trading with WiseAlpha

Open WiseAlpha's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with WiseAlpha like Forex trading, Spread Betting trading, and trading. you should have confidence in WiseAlpha and know that the management of your financial investments on the WiseAlpha platform is in good hands.

At the bottom of this WiseAlpha review you can also learn about some pretty good alternatives to WiseAlpha

With this WiseAlpha review we hope to help you see if WiseAlpha is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding WiseAlpha that will help you get off to a good start in the world of online trading.

WiseAlpha Review Table of Contents

WiseAlpha review
WiseAlpha is a Multi-Assets Trading Platform with over 258+ Assets

Learn more about WiseAlpha. WiseAlpha is a multi asset platform with 258+ tradable Assets. Assets available on WiseAlpha include Forex trading, Spread Betting, .

WiseAlpha trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Spread Betting, are considered financial assets.

WiseAlpha review
Features of WiseAlpha

WiseAlpha review
What you should know

WiseAlpha offer three ways to trade: Forex trading, Spread Betting, .

With WiseAlpha you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with WiseAlpha platform.

WiseAlpha are able to accommodate various levels of traders whether you are experienced or a beginner.

WiseAlpha review
Are WiseAlpha safe?

When choosing a broker like WiseAlpha the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years WiseAlpha have a head office in UK.

WiseAlpha is regulated. This means WiseAlpha are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to WiseAlpha, this will be honored. If WiseAlpha violate any regulatory rules their regulated status could be stripped.

WiseAlpha review
Is my money safe with WiseAlpha?

Any payments funded to WiseAlpha accounts by traders are held in a segregated bank account.

For added security WiseAlpha use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should WiseAlpha use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in WiseAlpha deposited in a Tier 1 bank?

Having any money you deposit with WiseAlpha means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if WiseAlpha goes out of business for some reason.

Therefore, we can safely conclude that WiseAlpha is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Spread Betting, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. WiseAlpha also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding WiseAlpha. let us look at the WiseAlpha features in more detail.

Try creating two accounts when you are working with WiseAlpha. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit WiseAlpha

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How WiseAlpha as a Company Compare Against Other Brokers

Broker wisealpha eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office UK Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ WiseAlpha users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit WiseAlpha Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

WiseAlpha review
WiseAlpha Pros and Cons

What we like about WiseAlpha

  • Used by over 10,000 WiseAlpha users and traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $0

What we don't like about WiseAlpha

WiseAlpha review
WiseAlpha Regulation and Licensing in more detail

We have checked and WiseAlpha is regulated and supervised by reputable organisations. You are able to check every WiseAlpha supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with WiseAlpha. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect WiseAlpha traders and provide a safe trading environment.

WiseAlpha is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as WiseAlpha you should be sure they're legitimate online agent.

WiseAlpha review
Is WiseAlpha Global?

Yes, WiseAlpha is global as WiseAlpha is available in over 194 countries.

WiseAlpha is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries WiseAlpha covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. WiseAlpha has a total of more than 10,000 users.

WiseAlpha review
WiseAlpha Fees Explained

  • WiseAlpha withdrawal fees varies on payment method
  • WiseAlpha does charge a fee for inactive accounts.
  • WiseAlpha does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How WiseAlpha Fees Compare Against Other Brokers

Broker wisealpha eToro IC Markets XTB
Min Deposit 0 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

WiseAlpha review
WiseAlpha Minimum Deposit

WiseAlpha do not require a minimum desposit when opening a WiseAlpha trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

WiseAlpha review
WiseAlpha Withdrawal Fees

WiseAlpha withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

WiseAlpha for example allow you to withdraw your funds to WiseAlpha,Credit cards, Skrill, Neteller.

WiseAlpha review
WiseAlpha Inactivity Fees

WiseAlpha does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

WiseAlpha review
WiseAlpha Desposit Fees

WiseAlpha does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

WiseAlpha review
WiseAlpha Commission Fees

WiseAlpha does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

WiseAlpha review
What can you trade with WiseAlpha?

Be aware that Different entities under WiseAlpha Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with WiseAlpha over 258 instruments infact.

If you are looking at trading currency pairs WiseAlpha offer over currency pairs.

Compare WiseAlpha with eToro and IC Markets below.

Your capital is at risk

How WiseAlpha Trading Options Compare Against Other Brokers

Broker wisealpha eToro IC Markets XTB
Instruments Available 258 2000 232 4000
Platforms Android ,iPhone,Mac,iPade Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit WiseAlpha
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

WiseAlpha review
Trading on WiseAlpha web platforms and other applications

WiseAlpha offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An WiseAlpha IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

WiseAlpha also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See WiseAlpha's platforms

WiseAlpha review
Is the WiseAlpha Trading Platform Secure?

WiseAlpha safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. WiseAlpha also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating WiseAlpha.

WiseAlpha review
WiseAlpha Trading Platform Options

WiseAlpha does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

WiseAlpha offer an their own custom trading platform developed and tested in house. The WiseAlpha trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The WiseAlpha platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With WiseAlpha you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the WiseAlpha platform including news and quotes. Discover possible trades with the strong charting tools found with WiseAlpha. WiseAlpha is available as downloadable applications or online through the cloud. Monitor your orders with WiseAlpha and receive breaking news in your positions.

WiseAlpha Trading benefits :

  • Low min deposit

WiseAlpha Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try WiseAlpha before I buy?

WiseAlpha offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

WiseAlpha withdrawal and funding methods.

Please note that the list of WiseAlpha payment methods below depend on the WiseAlpha Entity and the Clients Country of Residence.

WiseAlpha offer the below funding payment methods. learn more about WiseAlpha

WiseAlpha Payment Methods

  • WiseAlpha accepts WiseAlpha
  • WiseAlpha accepts Credit cards
  • WiseAlpha accepts Skrill
  • WiseAlpha accepts Neteller
Broker wisealpha eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with WiseAlpha?

When opening a trading account with WiseAlpha, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WiseAlpha trading platforms here.

Your capital is at risk

Performing trades with WiseAlpha

WiseAlpha allow you to execute a minimum of trade of varies. This may vary depending on the account you open. WiseAlpha allow you to execute a maxium trade of varies.

As a market maker, WiseAlpha may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at WiseAlpha

To trade effectively with WiseAlpha, it's important to get a have a good understanding of the WiseAlpha trading tools and the markets.

WiseAlpha offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with WiseAlpha.

Take time to look around the WiseAlpha platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at WiseAlpha

WiseAlpha support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

WiseAlpha have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. WiseAlpha offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at WiseAlpha

We tested the WiseAlpha live chat and it works well. We sent messages to WiseAlpha livechat through their app and website and recieved a response within 20 minutes.

We tested communicating with WiseAlpha support in multiple languages in multiple countries. WiseAlpha where able to resolve our customer issues.

Email Support at WiseAlpha

We sent several emails to WiseAlpha and answer times overall were excellent. The fastest response from WiseAlpha was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with WiseAlpha, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from WiseAlpha.

Phone Support at WiseAlpha

We called WiseAlpha and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The WiseAlpha phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual WiseAlpha team by calling in varying languages. WiseAlpha made an effort to make sure our queries were answered.

Overall the phone support from WiseAlpha was average.

See how WiseAlpha Support Compares Against Other Brokers

Broker wisealpha eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit WiseAlpha Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with WiseAlpha

As WiseAlpha is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under WiseAlpha Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore WiseAlpha's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with WiseAlpha you can visit the WiseAlpha trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.wisealpha.com/ on November 30, 2020.

WiseAlpha review
Is WiseAlpha A Good Broker?

We spent over 3 months examining WiseAlpha in depth. Although we found some very useful aspects of the WiseAlpha platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative WiseAlpha broker.

  • WiseAlpha have a good track record of offering Forex trading, Spread Betting, .
  • WiseAlpha has a history of over 12 years.
  • WiseAlpha has a reasonable sized customer support of at least 10.
  • WiseAlpha are regulated by Financial Conduct Authority (FCA). This means WiseAlpha fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • WiseAlpha have regulation from a Tier 1 reputable country.
  • WiseAlpha has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • WiseAlpha have an international presence in multiple countries. This includes local WiseAlpha seminars and training.
  • WiseAlpha are able to hire people from various locations in the world who can better communicate in your local language.

WiseAlpha Risk Disclaimer

Your capital is at risk

WiseAlpha review
WiseAlpha not quite right?

If after reading this WiseAlpha review, WiseAlpha does not fulfill your needs check out these WiseAlpha Alternatives.

Click here to view the best WiseAlpha Alternatives

We have spent years researching the best alternatives to WiseAlpha. Click the links below to learn more.

If you feel some of the above WiseAlpha are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of WiseAlpha alternatives below.

WiseAlpha review
Related WiseAlpha Vs Comparisons

We have covered allot in this WiseAlpha review, If you want to see how WiseAlpha compares side by side with other brokers check out our WiseAlpha Vs pages.

If you would like to see how WiseAlpha stands up against other brokers you can read some of our WiseAlpha comparisons below. We compare side by side some of our top rated WiseAlpha versus comparisons. Read our indepth WiseAlpha VS pages below.

WiseAlpha review
WISEALPHA Frequently Asked Questions

Can I try WiseAlpha before I buy?

WiseAlpha offer a demo account so you can try the WiseAlpha platform before you put down a payment. Learn more here

What funding methods do WiseAlpha accept?

Please note that the list of payment methods below depend on the WiseAlpha Entity and the Clients Country of Residence.

WiseAlpha offer the following funding payment methods WiseAlpha, Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is WiseAlpha safe?

WiseAlpha are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to WiseAlpha accounts by traders are held in a segregated bank account. For added security WiseAlpha use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is WiseAlpha trading good?

WiseAlpha is considered good and reputable to trade with WiseAlpha. WiseAlpha is used by over 10000 active traders and WiseAlpha users. WiseAlpha offers Forex trading, Spread Betting trading, and trading. Minimum deposit with WiseAlpha is 0.

Is WiseAlpha trading Legit?

WiseAlpha was founded in UK in 2008. WiseAlpha has been facilitating trade on the financial markets for over 12 years. WiseAlpha offers clients Forex trading, Spread Betting trading, and trading. All funds deposited to WiseAlpha are held in segregated tier 1 bank accounts for security. WiseAlpha is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is WiseAlpha a good broker?

WiseAlpha is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. WiseAlpha allows Forex trading, Spread Betting trading, and trading.

Is WiseAlpha trustworthy broker?

WiseAlpha can be considered trustworthy. All money funded to WiseAlpha is placed into a segregated tier 1 bank account. this means your money in not held by WiseAlpha directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also WiseAlpha is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for WiseAlpha?

The minimum deposit to trade with WiseAlpha is 0.

How long do WiseAlpha withdrawals take?

Withdrawing money from WiseAlpha processing time varies but averages 2-5 days.

Is WiseAlpha regulated?

WiseAlpha is regulated by Financial Conduct Authority (FCA).

Is WiseAlpha a market maker?

WiseAlpha is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with WiseAlpha?

When opening a trading account with WiseAlpha, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WiseAlpha trading platforms here.

Is my money safe with WiseAlpha?

WiseAlpha is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like WiseAlpha is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to WiseAlpha, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is WiseAlpha a con?

WiseAlpha is regulated and well established having been in business for over 12 years. WiseAlpha is definitely not a con.

Can you make money with WiseAlpha?

Although traders have had great success with WiseAlpha. Trading on the financial markets with WiseAlpha is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does WiseAlpha have fees?

WiseAlpha withdrawal fees varies on payment method. WiseAlpha does charge a fee for inactive accounts. WiseAlpha does charge deposit fees.

When was WiseAlpha founded?

WiseAlpha was founded in 2008.

How many people use WiseAlpha?

WiseAlpha is used by over 10000 registered WiseAlpha users.

What is WiseAlpha Headquarters country?

WiseAlpha has its head quarters office in UK.

Does WiseAlpha offer negative balance protection?

WiseAlpha does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does WiseAlpha offer guaranteed stop loss?

WiseAlpha does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does WiseAlpha allow scalping?

WiseAlpha does not offer scalping.

Does WiseAlpha allow hedging?

WiseAlpha does not offer hedging.

Does WiseAlpha offer CFD trading?

WiseAlpha does not offer CFD trading.

Does WiseAlpha offer STP?

WiseAlpha does not offer STP trading.

How many people use WiseAlpha?

WiseAlpha is used by over 10000 WiseAlpha users and traders.

Is WiseAlpha an ECN broker?

WiseAlpha does not offer ECN trading.

Does WiseAlpha offer a demo account?

WiseAlpha offers a demo account.

Does WiseAlpha offer an Islamic account?

WiseAlpha offers a Islamic accounts.

What are the funding methods for WiseAlpha?

WiseAlpha accept the following funding methods : WiseAlpha,Credit cards, Skrill, Neteller.

WiseAlpha review written by Andrew Blumer and Mark Hansen

We hope you found our review of the WiseAlpha brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

WiseAlpha review written by Mark Hansen of Comparebrokers.co