No matter what aspect you view it from, whether it is security, trading platform, asset index or account options, Wize Capital has excelled. Its offerings indicates that the broker is concerned about its clients and has invested a lot of time in creating a profitable and comfortable trading environment for them.
Wize Capital Review
Wouldn’t it be great if you could earn hundreds of dollars in a couple of months? Imagine being able to achieve your financial milestones earlier than planned and not having to worry about retirement. This seems impossible nowadays because of the tough economic times. But, there are people who have managed to earn millions in a very short time span and are now living the high life? Trading is one profession that gives you this wonderful opportunity. It is a huge market that comprises of thousands of financial instruments, which people buy and sell for earning returns. Movements in the price of these instruments can result in substantial profits.
If you want to become a trader, you don’t need to go to certain schools or have a financial background. Trading is open to everyone, especially nowadays when you can trade from home. You can do it part-time or on off days. You also have the option to choose it as a fulltime profession. But, no matter when or why you are doing it, you will have to select a broker. They are an essential part of the trading process because they give you access to the markets and the software used for executing transactions. You cannot proceed without a broker.
Now, comes the task of finding one and it is not that difficult to do so. But, when you run a Google search, you realize that there are tons of brokers offering their services to traders all over the globe. There are all kinds of options; some brokers cater to beginners while others prefer to deal with expert traders. There are also those who specialize in providing a specific asset like only forex or cryptocurrencies while others give access to numerous markets. The endless options can lead to confusion, but you need to consider your individual needs.
It is best to choose a broker that caters to all kinds of traders because you don’t want to switch brokers repeatedly. In addition, even if you are interested in just one asset, choosing a broker that lets you invest in more enables you to expand your investment later on. Can you find such brokers? Indeed, there are options and one of them is Wize Capital. Established by a company in Belgrade called Global Solutions Ltd, Wize Capital is a new broker by industry standards. Thus, lots of people will hesitate in signing up with them because of their lack of experience or just don’t want to trust.
However, if you take a look at Wize Capital’s performance, you will immediately see that the broker has done quite well in a very short period of time. Even if it hasn’t been around for very long, they have managed to develop a positive reputation in the market by providing global traders with a seamless trading experience. How has the broker managed to accomplish this? It has done so by offering traders a comprehensive set of features and services that add value to your overall trading experience.
Some of the top attributes that have made Wize Capital a popular choice amongst traders are:
Offerings of Investments
There are some people that trade as a hobby, but primarily, people enter this profession because they are interested in earning substantial amounts of money. It is certainly possible to do so in the world of trading, but it doesn’t come without its risks. Yes, you can earn a lot, but there is an equal chance of losing your investment. The key to balancing this risk is through diversification i.e. spreading your investment over as many assets as possible. With Wize Capital, you can do this quite easily because the broker gives you access to various instruments and markets, something that not many brokers can do. Let’s check out the offerings available:
- Forex: The first asset available at Wize Capital is none other than the forex market, which earned the broker a lot of recognition. This is due to the fact that it has given traders the option of choosing from major currency pairs that are quite popular, minor that don’t have a high trading volume and exotic ones that carry a lot of risk and profit potential. You can trade currencies of different countries and some of the leading options include GBP/USD, EUR/USD, USD/CAD, AUD/USD and USD/JPY. You can choose the ones you are most comfortable with.
- Commodities: If taking big risks, like in the case of forex market, is not your cup of tea, commodities are a great option for you. Wize Capital offers CFDs on different commodities, which include agricultural, metals and energy. You can trade Brent and Crude oil, natural gas or opt for gold, silver and palladium, as per your preference.
- Indices: Next up, Wize Capital has also given its traders the option of investing in indices that are slightly risker than commodities. You can find some of the most notable index including Nikkei 225, S&P 500, Dow Jones, FTSE 100 and more.
- Stocks: One of the oldest markets in the world, the stock market is the top choice of many traders. Knowing this, Wize Capital has ensured that its clients can invest in shares of some of the best and renowned companies in the world from different industries. Some of the stocks you can trade with Wize Capital include Apple, Microsoft, Tesla, Facebook, Amazon and Netflix.
- Cryptocurrencies: A very prominent addition that Wize Capital has made to its asset index is that of cryptocurrencies. These have become one of the hottest commodities these days and a lot of people have jumped on the trading bandwagon because of them. Unlike other brokers, Wize Capital hasn’t limited itself to only a handful of options and has added a variety to keep its traders interested. From the leading options like Bitcoin, Litecoin and Ethereum, the broker has moved onto Ripple, EOS, Tether, Bitcoin Cash, Stellar and Bitcoin SV.
Apart from these assets, you can also trade bonds and futures on Wize Capital, which allows you to diversify your portfolio significantly.
Platform and their Features
A lot of new traders are apprehensive about the trading platform they will have to use with a broker because not everyone will give you a good option. In fact, you will come across a number of traders who have had horrible experiences in terms of trading software and you don’t want to have the same experience. Is this a problem with Wize Capital? No, it is not because it is a MetaTrader only-broker, which means it doesn’t have a proprietary trading platform. As far as MetaTrader is concerned, it is a suite of platforms that has been developed by MetaQuotes Software Corporation and includes the MetaTrader 4, which you will find on Wize Capital.
While the MT4 trading platform is standard, there are some noticeable differences in how the platform is set up for execution, other features and tools, along with administrative areas. First and foremost, you can find the Desktop Platform for Windows, which can be easily downloaded and installed in a couple of minutes. You can use it for trading multiple assets and benefit from the intuitive interface that doesn’t have a very big learning curve. It is renowned for offering traders access to charting and technical indicators and you will also find various advanced charts like line charts, candlestick charts and more.
In addition, you can also access newsfeed directly into the platform, which means you will not miss out on any latest news when making important decisions. You can easily check your account summary when you need and the platform supports multiple languages, which makes it easy for global traders to use it. One of the most prominent features of the MT4 desktop client is the option of using Expert Advisors (EAs). Put simply, these are trading bots that can be used for automated trading after you have set conditions that are suitable for you. Wize Capital didn’t stop there and has also added the WebTrader, which is essentially the MT4’s web-based version. This means that you can access it through the web browser on any device and with an internet connection. It doesn’t need to be downloaded and can be accessed within minutes. You can enjoy the same features and functionalities through this option.
Moving on, Wize Capital also offers the Android and iOS mobile trading applications for its MetaTrader platform, which can be downloaded from Google Play and App Store, respectively. The mobile app enables you to access your account with the brokerage no matter where you are. This allows traders to take advantage of quickly changing trends or price movements in order to maximize their returns. You can access your entire account and make trades with just one-click without any hassle.
Research and Tools
Professional and legitimate brokers are known to provide their clientele with access to research and tools on their platform because they can play an important role in the outcome of trades. They can be a great resource for the latest information, market news and trends, which allows traders to revise and improve their strategies. Wize Capital has ensured that its users can find everything they need on its platform. Therefore, the broker has introduced an Online Academy where an array of videos and e-books are available for guidance and education. Market research is also provided to traders and news is directly available on the trading platform.
Furthermore, traders can also enjoy webinars that are conducted by expert and professional traders. One-on-one trading sessions can be conducted with them that can help beginners and intermediate traders in learning new strategies and enhancing their skills. Most importantly, Wize Capital has added an economic calendar as a tool for its traders. This can be extremely valuable because it keeps people updated about the latest events taking place or those that are expected. It can come in handy when making the decision of opening or closing trades. Apart from that, the broker has also added technical analysis indicators to assist during the decision making process.
Range of Account Options
To begin your trading journey with a broker, you need to open an account. Wize Capital has kept the registration process simple enough and it takes only a couple of seconds. You need to share your name, choose a password and account currency. This completes the registration process and takes you to the next stage i.e. choosing an account. There are a range of account options provided by Wize capital, much like other market brokers. They have introduced three option, each of which is created for a different category of trader. You will understand when you look at the options:
- Beginner: The first account option, it is easy to see for whom it is meant. If you have no trading experience whatsoever, you can choose this account. The good thing about it is that it can be opened with a deposit of just $250. Since it is for people with no experience, it offers only the basics. You can trade all assets of your choice, attend the online live webinars and get free market research reports daily. These can be great for making decisions.
- Advanced: This account option is for those people with some experience in the market. Intermediate traders can go for it as they will be able to deposit a minimum of $5,000, which is required for opening it. You can get access to more features now, which include a dedicated account manager to aid you in managing your portfolio. Traders can also access the Online Academy at Wize Capital, enjoy 3 live one-on-one sessions with experts and use Expert Advisors for automated trading for three months.
- Experts: As clear from the name, this particular account is for expert traders who have had significant experience in trading in the market. Hence, they can fulfill the deposit requirement i.e. $20,000 for opening this account. All features that Wize Capital offers can be enjoyed via this account. The one-on-one sessions and Expert Advisors are unlimited now. Plus, traders can also get access to the trading room.
You can choose an account option as per your convenience, as long as you have the necessary funds to get started.
Easy Banking Solutions
After you have made your account with Wize Capital, you would want to start trading right away. Why wait when there are lots of opportunities for you to explore? But, you cannot do that until you have added funds to your account. To deposit funds, you need to check out the banking solutions that Wize Capital has offered. Most brokers don’t offer many options and impose heavy charges, which can make it very difficult for traders to add or withdraw their money. You will not have to encounter any of these issues where Wize Capital is concerned.
To start with, the broker has given you the option of choosing from three methods for making a deposit. You can use debit and credit cards, which are quick and safe. Wize Capital accepts both Visa and MasterCard. You can also choose modern payment solutions like e-wallets that have become very popular amongst traders nowadays. Wize Capital supports several options like Moneynet and UpayCard. The third option is the traditional one i.e. bank wire transfer. It is quite secure, but it has the longest processing time i.e. 2 to 7 business days. Transfers are accepted in various currencies including GBP, EUR and USD.
No charges are applicable on deposits at Wize Capital, which is definitely a bonus. However, one thing to note is that third party transfers are not permissible. Under the Anti-Money Laundering (AML) policy at Wize Capital, account holders can deposit the money with fully compliant accounts. You cannot use accounts under different names to do so. Furthermore, if you are using your debit or credit card, you have to submit pictures of the card to verify it.
It is also necessary to comply with the Know Your Customer (KYC) policy for verifying your account with Wize Capital. You have to give proof of ID and proof of address to comply with it. The former can be given by submitting any government issued form of ID i.e. national ID card, passport or driver’s license. The latter can be done by submitting a utility bill or credit card statement. Once your identity is verified, you will have no problems in making transactions through your account.
As for withdrawals, the same three methods are available and you can choose one as per your convenience. While Wize Capital doesn’t charge a withdrawal fee, some third party fee might be applicable, depending on the method used. You will have to submit a withdrawal request with the broker first by going to the Withdrawal section in your account. A form has to be filled out providing details about amount and preferred mode of payment. A confirmation email is sent and the transaction is processed. The processing time depends on the method you choose for making a withdrawal.
Secure Trading Environment
It is not a wise decision to choose a broker without giving any thought to their security. There have been lots of incidents where brokers had their security network compromised and this resulted in losses for their clients. You do not want to be one of the victims, which means the measures taken by a broker should never be taken lightly. Wize Capital aims to reassure its clients in this regard and has implemented strong security measures to reassure them. The first thing you need to be concerned with is the security of your funds.
To keep them safe, Wize Capital has chosen to maintain segregated accounts for their clients. This means they are kept separate from the broker’s books and there will be no risk of misappropriation. In addition, the broker has stored all funds with the top level banks in Europe, which adds another layer of security to them and minimizes the chance of them being stolen. As far as security of your information is concerned, Wize Capital has used 256-bit encryption all over its website. This means that any communication you have with the broker will be encrypted right away.
This is certainly reassuring when you are sharing sensitive information with the broker, which could be misused if it falls in the wrong hands. You can also find implanted authentic site character affirmation seal, which tells you that the website is secure. When it comes to storage of customer information, all records in Center East, Europe and Canada are kept in complete isolation. This reduces the chance of them being compromised. 3D-secure is also used for Visa exchanges, which is also another form of verification. When combined, these security measures of Wize Capital can create a safe environment for traders and assuage their concerns.
Prompt Customer Support
When you are using a broker’s services at the first time, you will have lots of queries and questions about how everything works. Some answers you can find easily, others are difficult to figure out. So, what can you do? This is where the broker’s customer support comes in. Wize Capital has made a great deal of effort into ensuring their customer care department is a robust one. You can get in touch through phone if it is urgent, email if you don’t mind waiting or you can fill out the online contact form. You will get a prompt response and your problem will be resolved in a timely manner by their friendly and knowledgeable agents.
No matter what aspect you view it from, whether it is security, trading platform, asset index or account options, Wize Capital has excelled. Its offerings indicates that the broker is concerned about its clients and has invested a lot of time in creating a profitable and comfortable trading environment for them. Whether you are new to this world or are a professional trader, Wize Capital will be able to provide you with the tools and features you need for a smooth trading experience.