www.wisebanc.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.wisebanc.com.
www.wisebanc.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Reliable uptime|API access|High security standards
Cons: Search feature is basic
www.wisebanc.com has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Low minimum deposit|API access
Cons: No phone support on weekends|Email notifications too frequent
I requested my data from www.wisebanc.com under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Risk management tools|Multiple order types
Cons: Onboarding videos are outdated
The platform at www.wisebanc.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Automated trading options|Fast execution
Cons: No crypto staking|Help articles are sometimes vague
The spread at www.wisebanc.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Quick verification|Detailed reporting|Easy withdrawals
Cons: Desktop app not available on Linux
Do not believe the bonus offer from www.wisebanc.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast support response|Risk management tools
Cons: No phone support on weekends
After spending for about five months trying to make www.wisebanc.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Educational resources|No hidden fees|Customizable dashboard
Cons: No crypto staking
After for the past year and a half with www.wisebanc.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Wide product range|High security standards
Cons: Email notifications too frequent|Cannot customize dashboard fully
www.wisebanc.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Fast support response|Full transparency
Cons: Website design could be more modern|Some tools only available on higher tiers