WiseAlpha Guide – Read our In-Depth WiseAlpha Review
WiseAlpha Rating: 4.48 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This WiseAlpha review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this WiseAlpha review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will create hefty returns. WiseAlpha is one such stage which will take you and your investment into great heights. It is crucial that you know about WiseAlpha until you trust them with your cash.
WiseAlpha Guide – Brief Overview
WiseAlpha Telephone Number:
WiseAlpha Email Address:
Financial Conduct Authority (FCA)
Number Of Clients:
10,000+ WiseAlpha users and traders
WiseAlpha Facebook Likes:
WiseAlpha Twitter Followers:
WiseAlpha Instagram Followers:
Your capital is at risk
|WiseAlpha Telephone Number:|
|WiseAlpha Email Address:|
|Regulated By:||Financial Conduct Authority (FCA)|
|Number Of Clients:||10,000+ WiseAlpha users and traders|
|WiseAlpha Facebook Likes:||0|
|WiseAlpha Twitter Followers:||0|
|WiseAlpha Instagram Followers:||0|
Your capital is at risk
Our entire WiseAlpha Review covers everything you will need to know about trading using WiseAlpha. A good agent can multiply your initial investments and give you favourable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
WiseAlpha is a broker which has found its way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital facets of WiseAlpha. This review will help you to understand whether WiseAlpha is a good match for your investments or not. We've attempted to breakdown all the features and fees for your advantage.
WiseAlpha Review, Table Of Contents
- Who are WiseAlpha?
- Benefits Of Trading With WiseAlpha
- Everything you should know about trading with WiseAlpha
- Is WiseAlpha Safe To Trade With?
- WiseAlpha Risk Disclaimer
- Pro's & Con's Of Trading With WiseAlpha
- Compare Brokers Similar To WiseAlpha
- Regulation And Licencing In More Detail
- WiseAlpha Awards
- Minimum Deposit Required For A Live Account With WiseAlpha
- WiseAlpha Commission And Fees Explained
- Compare broker fees against WiseAlpha
- WiseAlpha Withdrawal Fees Explained
- WiseAlpha Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With WiseAlpha?
- Alternatives To WiseAlpha
- Frequently Asked Questions About WiseAlpha
Who are WiseAlpha?
WiseAlpha is a forex broker headquartered in UK and provides a variety of tools for online trading. Since its inception in 2008, WiseAlpha has emerged as a top player in the field of online broker. WiseAlpha includes a highly aggressive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.
Over the past 13 years, WiseAlpha has grown into one of the leading online brokers.
After launching in 2008, their customer base is becoming as big as 10,000+ clients.
WiseAlpha is a favourite of many dealers.. Our WiseAlpha review found that they are an superb alternative for automated trading options. It's most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the core at WiseAlpha.
Technology plays a significant role in WiseAlpha. WiseAlpha features trading on Android ,iPhone,Mac,iPade. WiseAlpha is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at WiseAlpha is very enlightening for new traders since it permits them to get a closer look at the financial markets. WiseAlpha caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that WiseAlpha is not right for you then at the bottom of this WiseAlpha review you wil find a lot of alternatives to WiseAlpha.
Everything you ought to know about trading using WiseAlpha
WiseAlpha is a lively platform that offers various procedures of trading online. These tools cover the monetary markets substantially. Most of the broker platforms offer fewer methods than WiseAlpha
If you want to trade with WiseAlpha, you'll require a minimum deposit of $0. This deposit is mandatory if you would like to start trading using WiseAlpha. This 2021 WiseAlpha review will direct you easily about trading with them.
WiseAlpha is as versatile as any other broker platform. WiseAlpha is excellent for traders that want a manageable selection of cheap services. The programs supplied by WiseAlpha are third-party, white-label offerings. All traders can pick out of Android ,iPhone,Mac,iPade.
Along with everything, WiseAlpha has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction has to be kept open. The brokers offer premium customer service which rewards clients with advantages.
Many unprofessional brokers attempt to pressurise consumers into bigger financing for premium services. WiseAlpha, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
WiseAlpha accounts are available all over the world and provides outstanding service everywhere they have clients. There are some select few countries where WiseAlpha accounts are not available. Traders in the following countries cannot open or use a WiseAlpha account:
BR, KR, IR, IQ, SY, JP, US
Is WiseAlpha Safe To Trade With?
Established in 2008, WiseAlpha has been open for 13 years, they have a head office in UK.
WiseAlpha is regulated by Financial Conduct Authority (FCA). These bodies have rules that ensure that trading platforms have ploicies in place to keep investor's resources procured. This usually means that WiseAlpha users do not need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with WiseAlpha for heightened security. An SMS with the confirmation code will be sent to a phone. You will be required to input this code to log in to your account.
Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with customers on the stage.
WiseAlpha Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With WiseAlpha
Every online trading platform will have some pros and cons WiseAlpha review would be complete without showing both sides. This WiseAlpha review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- WiseAlpha is trusted by 10,000+ clients
- WiseAlpha has low minimum deposit requirements
- WiseAlpha doesn't charge withdrawal fees
- WiseAlpha doesn't charge inactivity fees
- WiseAlpha doesn't charge deposit fees
- WiseAlpha offers social trading
- WiseAlpha offers copy trading
- WiseAlpha offer trading on Android ,iPhone,Mac,iPade
- WiseAlpha offer 258 trading instruments
- WiseAlpha can communicate in English, and Chinese
- WiseAlpha does not offer Negative Balance Protection
- WiseAlpha does not offer Guaranteed Stop Loss
- WiseAlpha doesn't trade major forex pairs
- WiseAlpha doesn't trade minor forex pairs
- WiseAlpha doesn't trade exotic forex pairs
- WiseAlpha doesn't offer trading on cryptocurrencies
- WiseAlpha charge CFD fees
- WiseAlpha doesn't offer trailing stop
WiseAlpha Review - Compare Brokers Similar To WiseAlpha
|WiseAlpha||London Capital Group (LCG)||Etrade||tifia investments|
|Rating||4.48 / 10||7.75 / 10||4.51 / 10||4.85 / 10|
|Regulated By||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA: 182110)||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F324|
|Find Out More|
|Risk Warning||Your capital is at risk||68% of retail investor accounts lose money when trading CFDs with this provider.||Your capital is at risk||Your capital is at risk|
WiseAlpha Review - Regulation And Licencing In More Detail
WiseAlpha is regulated by Financial Conduct Authority (FCA).
WiseAlpha, as a company, has a powerful collection of rules for ensuring fair trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. Including credit history and other financial details.
WiseAlpha Review - AwardsAt the time of writing this WiseAlpha review, and despite WiseAlpha’s impressive offering, the company has surprisingly not garnered any other awards to date.
WiseAlpha Trading Platforms
WiseAlpha are a reputable trading platform that has been open for over 13 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any good broker and compare WiseAlpha with London Capital Group (LCG), Etrade, and tifia investments
WiseAlpha Review - Minimum Deposit Required
The minimum deposit you need to begin on WiseAlpha is $0. This is an adequate amount for people just beginning. You can create more advanced residue as you cooperate. But, ensure you understand how to make the most of your cash before investing in larger sums.
WiseAlpha Review - Commission And Fees Explained
WiseAlpha is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of penalties for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, financing speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for services like depositing cash, not investing for long periods, or withdrawals.
In general, WiseAlpha doesn't charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by WiseAlpha are comparatively higher. As a result, you're billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.
This WiseAlpha review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against WiseAlpha
WiseAlpha Review - Withdrawal Fees ExplainedWiseAlpha doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the WiseAlpha account. You can draw sums up to the amount of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always need to have any money on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent into the card. WiseAlpha will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to withdraw in.
WiseAlpha Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with WiseAlpha. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee differs from 1 agent to another and isn't generalized. If a dealers account doesn't have a buying or selling transaction, it's maintained by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions that they had agreed while registering.
WiseAlpha doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees have been indicated by WiseAlpha, it is best for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the broker beforehand.
WiseAlpha Review - Deposit Fees Explained
When you move money in your trading account from your bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this operation.
WiseAlpha doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the WiseAlpha trading platform is easy. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit large sums.
WiseAlpha Review - Compare Broker Deposit Methods
What Can You Trade With WiseAlpha?
Note: WiseAlpha provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different depending on the country of residence of the client.
WiseAlpha has a wide variety of over 258 instruments available for you to trade with.
If trading currency pairs is of interest to you then WiseAlpha offer over currency pairs.
Compare WiseAlpha, London Capital Group (LCG), Etrade & tifia investments below.
Reviewing The WiseAlpha Mobile App
Note: WiseAlpha's mobile app has a lot of functionality and is being developed all the time. What follows was accurate at the time of writing this WiseAlpha review.
Understand the capabilities of the mobile apps of WiseAlpha, London Capital Group (LCG), Etrade & tifia investments below.
Alternatives To WiseAlpha
If, after studying this WiseAlpha review, they do not fulfill your needs check out these WiseAlpha alternatives.
We've scoured the internet to find the best alternatives to WiseAlpha. Click the links below to find out more.
Frequently Asked Questions about WiseAlpha
Can I try WiseAlpha before I buy?
Yes, you can most certainly try WiseAlpha before you buy. WiseAlpha offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demo account on WiseAlpha, you will set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you until you choose to invest your own money.
With this virtual WiseAlphademo account, you can experiment in any way, to whatever length you desire. You can even open positions, examine different trading strategies, and more.
WiseAlpha specifies on its official site which you can exchange real time stocks in a demo account.
Is WiseAlpha safe?
You can drop all your worries since we believe that WiseAlpha is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA).
Nevertheless, WiseAlpha doesn't provide assured stop-loss protection.
Why does WiseAlpha ask for my passport?
The reason that WiseAlpha asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, WiseAlpha has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, WiseAlpha must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with WiseAlpha?
The process to start trading withWiseAlpha is perhaps simple enough to be a cakewalk. You need to begin by signing up on the WiseAlpha website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with WiseAlpha is $0. You should have a good hold over the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with WiseAlpha.
The best way to kickstart your trading career with WiseAlpha is to open a demo account facility before risking any real money
What funding methods do WiseAlpha accept?
There are multiple methods to finance your accounts with WiseAlpha. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal is not available in all place. The currencies WiseAlpha
Is my money safe with WiseAlpha?
Yes, your money is safe and protected with WiseAlpha. As you already know, WiseAlpha operates with good conformation to. It has established lots of measures to protect all of its own investors.
WiseAlpha safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you get your account.
Is WiseAlpha trading good?
Yes, trading via WiseAlpha is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you could even gain access to a huge selection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does WiseAlpha support?
WiseAlpha operates around the world. However, due to regulations there are some countries that WiseAlpha does not accept clients from BR, KR, IR, IQ, SY, JP, US
Is WiseAlpha legit?
WiseAlpha is a legit company headquarted in UK since 2008. They are regulated by Financial Conduct Authority (FCA). WiseAlpha is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is WiseAlpha a good broker?
WiseAlpha is an excellent agent, and its users can vouch for it. The highlight of this platform is its quick order execution on trades.
You'll find the clean layout of the platform along with the admirable features a pleasure to work with.
Is WiseAlpha a trustworthy broker?
Yes, WiseAlpha is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for WiseAlpha?
The minimum deposit to open a live account with WiseAlpha is $0
How long do WiseAlpha withdrawals take?
Normally, withdrawal of money from WiseAlpha is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from WiseAlpha to show in your bank account.
Are WiseAlpha regulated?
WiseAlpha are regulated by Financial Conduct Authority (FCA)
Is WiseAlpha a market leading broker?
WiseAlpha is indisputably among the business leaders. It supports over 10,000+ registered users and over 13 years of expertise on its record. They are among the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of resources plus tools so that you can invest in capital markets.
Is WiseAlpha a con?
No, WiseAlpha is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that WiseAlpha is not a scam.
Can you make money with WiseAlpha?
Using WiseAlpha, many traders make a lot of money. But typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem to be a small number, but within the year, this adds to a significant amount of gains. Even though WiseAlpha supply you all of the tools to make money, they cannot guarantee you will profit.
Does WiseAlpha have fees?
Yes. To begin trading using WiseAlpha, you have to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank will have to be incurred by you.
When was WiseAlpha founded?
WiseAlpha was founded in 2008 in UK. WiseAlpha is regulated by Financial Conduct Authority (FCA).
How many people use WiseAlpha?
WiseAlpha is a worldwide recognised broker with 10,000+ clients.
Where is the WiseAlpha head office?
WiseAlpha has its head office in UK
Does WiseAlpha offer negative balance protection?
No. WiseAlpha doesn't offer negative balance protection. If your balance is unfavorable, WiseAlpha indicates you promptly contact client services. With this, you are able to fix any imbalances in your account.
Does WiseAlpha offer guaranteed stop loss?WiseAlpha unfortunately, doesn't provide guaranteed stop loss. WiseAlpha provides an opportunity to its dealers to close their trade at their specified price. Apart from this, WiseAlpha does not offer guaranteed stop loss.
Does WiseAlpha allow scalping?Yes, WiseAlpha do permit scalping. Several traders across the world choose WiseAlpha for their scalping services. They offer trading on Android ,iPhone,Mac,iPade which let this.
Does WiseAlpha allow hedging?
Yes, WiseAlpha does allow hedging.
Can you trade energies with WiseAlpha?
No, unfortunately you cannot trade energy stock with WiseAlpha
Can you trade agricultural shares with WiseAlpha?
No, unfortunately you cannot trade agricultural stock with WiseAlpha
Can you trade cryptocurrency with WiseAlpha?
No, unfortunately you cannot trade cryptocurrency with WiseAlpha
Can you trade metals with WiseAlpha?
No, unfortunately you cannot trade metals with WiseAlpha
Can you trade UK Shares with WiseAlpha?
No, unfortunately you cannot trade UK shares with WiseAlpha
Can you trade US Shares with WiseAlpha?
No, unfortunately you cannot trade US shares with WiseAlpha
Can you trade Japanese Shares with WiseAlpha?
No, unfortunately you cannot trade Japanese shares with WiseAlpha
Can you trade German Shares with WiseAlpha?
No, unfortunately you cannot trade German shares with WiseAlpha
Does WiseAlpha accept bank transfers?
Yes, WiseAlpha accepts bank transfers for depositing money.
Does WiseAlpha accept credit cards?
Yes, WiseAlpha accepts credit cards for depositing money.
Does WiseAlpha accept PayPal?
No, WiseAlpha does not accept PayPal.
Does WiseAlpha accept Skrill?
No, WiseAlpha does not accept Skrill.
Does WiseAlpha accept Payoneer?
Yes, WiseAlpha accepts Payoneer for depositing money.
Does WiseAlpha accept Neteller?
No, WiseAlpha does not accept Neteller.
Does WiseAlpha offer Live Chat customer support?
Yes, WiseAlpha offers customer support through live chat.
Does WiseAlpha offer phone customer support?
Yes, WiseAlpha offers customer support over the telephone.
Does WiseAlpha offer email customer support?
Yes, WiseAlpha offers customer support through email.
What languages can WiseAlpha communicate in?
WiseAlpha has the ability to communicate and support customers who speak: English, and Chinese
Does WiseAlpha have a wikipedia page?
No, WiseAlpha does not have an official wikipedia page.
Does WiseAlpha offer demo accounts?
Yes, WiseAlpha offers virtual portfolio accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of WiseAlpha's features before risking a live account.