Wisebitcoin Review

Like its name implies, Wisebitcoin provides trading in cryptocurrency. The cryptocurrency is offered as CFDs through the platform MetaTrader5. We have a look at our experiences with the offshore broker after conducting an extensive study of the company and the products it offers.

Wisebitcoin Advantages

A member of a group that is an FCA-license holder

Wisebitcoin is part of the Land Prime Group, which is the owner of Land-FX which is regulated and licensed through the United Kingdom’s Financial Conduct Authority (FCA). The FCA enforces strict regulations on licensed entities and requires they join the Financial Services Compensation Scheme (FSCS). This is a significant guarantee for the security of their customers and their funds.

One of the participants of the Land Prime Group holds a license with the top financial regulators in the world lends legitimacy to the broker however Wisebitcoin owns a registration off-shore.

Access to MT5 many coins

Another benefit of this broker is that customers can access MetaTrader5 (MT5) which is one of the top trading platforms available. It is highly reviewed for it’s Intuitive Trading Interface, top-quality charting, and supports automated trading through Expert Advisors and additionally, it permits trading of exchange-traded securities. This being said, Wisebitcoin does not offer trading in any of the stocks as well as indices or forex You can visit the following link.

While Wisebitcoin’s portfolio of products is not very diverse It does include a variety of cryptocurrencies which include Bitcoin, BitcoinCash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Augur, Gnosis, Melon and many more. They can be traded in exchange for USD or any other currency.

Initial deposit low and high leverage

It is always best to begin with a tiny amount that you have the capacity to risk losing. Users of Wisebitcoin can create an account with Cent by depositing 5 dollars (or 0.001 BTC) and benefit from the leverage of as high as 1:100. That’s pretty impressive for an exchange for crypto.

Be aware that using leverage ratios that are too are too high can be very risky especially for novice traders. The risk of trading margins is high and you must know how leverage works before you risk losing everything.

Conclusion

While it is member of an international group which there is an FCA license holders, Wisebitcoin is an offshore broker. This is the most important concern about the cryptocurrency CFD provider.

If you’re interested in digital assets, such as Bitcoin and Ethereum, you could consider trading with a reputable cryptocurrency exchange or in CFDs (contracts for difference) through an approved forex broker.

Wisebitcoin Summary
Wisebitcoin Details	Information
Regulators	FSA
Country	United Kingdom
Base Currencies	USD, JPY, EUR
Type Of Brokers	ECN, STP
Trading Platform	Desktop, Mobile, MT4, MT5
Established Year	2018
Website Language	English, Russian, Italian
US Clients

Wisebitcoin Spreads
Option	Information
Minimum Spreads	0.1
Commission
Fixed Spreads

Wisebitcoin Payment & Withdrawal Option
Option	Information
Acc Funding Methods	Visa Card, Master Card, Bitcoin, Crypto Currency, Wire transfer
Acc Withdrawal Methods	Visa Card, Master Card, Bitcoin, Crypto Currency, Wire transfer

Wisebitcoin Suitable For
Option	Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Wisebitcoin Trading Account Options
Option	Information
Maximum Leverage	1:100
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit	$100
Islamic Account

Wisebitcoin Trading Services
Option	Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings

Wisebitcoin Contact & Support
Option	Information
Telephone No	+64 9887 3221
Email	help@wisebitcoin.com
24 Hours Support
Support During Weekends
Address	MTM Business Suite, Flat 10a, 215 Rosedale Road, Albany, Auckland, Auckland, 0632