TradesWiser Review: What’s the truth about this broker?

Overview of TradesWiser

All pros and cons are easily determined by this broker. Whatever are transparent points out some irregularities. But even more importantly, the facts are not transparent.

Even though they are a freshly registered company without credibility we highly doubt they don’t know what they are doing. Let’s check throughout this TradesWiser review all the warning signs.

Who Is TradesWiser Broker?

The company is primarily registered in Hong Kong. The official owner of this trading brand is Bigger Data Limited. However, the company presents one physical address in the UK. London, to be precise. This can put a spotlight on them very easily.

Besides that, the company doesn’t reveal much about its services and policies. On top of all, the company doesn’t have any visible contact information. Yet, they expect you to trust them.

Legal name: Bigger Data Limited
Regulation: Unregulated
Registered in: Hong Kong
Established: 2022
Website: Tradeswiser.com
Financial Authorities Warnings: N/A
Contacts: Only the online contact form
If a withdrawal is possible: Highly unlikely
Fees: Hidden fees
If Active on Social Media: Not Active
Investor Protection: Segregated bank accounts (allegedly)

Regulation and Funds Safety of TradesWiser

Luckily for traders, the broker is giving you guidelines on where to look for their regulations. The primary source would be Financial Commission in Hong Kong. But also UK’s FCA. To avoid headaches while looking for those, we went through their registers.

And it comes out that this broker is not present in any of those. It’s a shame that they are even using the name of the Financial Commission. To make sure that this is just another investment scam, we went through couple more Tier 1 regulatory databases. Such as BaFIN, ASIC, CFTC and IIROC. However, everything was the same.

TradesWiser Broker Profile

As you can see, we can’t trust the broker’s security measures. Without a trading license, they can’t back up any of their statements.

But let’s see together what flaws we can find in trading conditions and features.

Trading platforms: Web trader
Account types: Basic, Gold, Platinum, VIP
Financial Instruments On Offer:
  • Forex (USD/GBP, AUD/SGD)
  • Indices (Nikkei225, S&P500)
  • Crypto (BTC, LTC, XRM)
  • Commodities (Gold, silver, natural gas)
  • Stocks (Bayer, Deutsche Bank, Alibaba)
Maximum leverage: 1:500
Minimum Deposit: $250
Commissions/bonuses: N/A
Mobile app: No
Desktop app: No
Autotrading: No
Demo account: No
Education or Extra tools: No

Is TradesWiser Broker Safe?

In fact, this broker is far away from safe. They are trying to mislead traders about regulations but also with funds protection features. They claim to have segregated bank accounts in Tier 1 ranked banks.

However, without a license to back it up that becomes questionable. Same as any other service that they provide. Starting with web-based software that is not proven as reliable.

Don’t let swindlers trick you into anything with false statements. Expand your knowledge by reading our comprehensive Bullexo, Fxy Trade, and Trubyx reviews.

TradesWiser Traders Reviews – Sharing Experiences

If you check any TradesWiser reviews you will find many irregularities. Primarily with trading software where traders reported many setbacks. Most likely the software is manipulated and presents fictive market data.

But the biggest downside is, as usual, the TradesWiser withdrawal. Firstly, they were trying to prolong the withdrawal process with fake verification requirements. Secondly withdrawal fees. That broker hasn’t disclaimed anywhere. In the end, TradesWiser contact options are missing so you can’t reach back to this scam broker.

Trustpilot Review

Sitejabber Review

How TradesWiser Platform Reach Clients and Who Are They?

As we can see from any TradesWiser review, the broker is running a boiler room. After getting the contact information of their victims from malicious adverts, they start harassing them. With highly-pressured tactics, they try to empower traders to make their initial deposits. Once you make that first move, your faith is mainly in their hands. Unless you decide to forget about the money you have already sent to them.

Because they will be coming for more. Whether because of huge market opportunities or market crashes or non-existent fees. Important to know is that you are not alone. Our specialized fund recovery team is there to give you advice on how to get a refund. Don’t hesitate to reach out.

The countries where they are mainly scamming traders are:

  • Australia
  • Cyprus
  • Sweden
  • India
  • Germany

Deposit and Withdrawal Method

An overview of Nash Markets' fast and efficient withdrawal methods in the broker review

According to the poor website presentation, there are only 2 payment methods available. Those are:

  • Debit and Credit cards
  • Neteller

However, TradesWiser Com broker is also using crypto transfers. Most of the time, they lead in the end to verified accounts in Coinbase or Binance. Above all, the company doesn’t have a transparent withdrawal policy. There are no fees listed anywhere. But it’s important that they give themselves room for another scamming trick with processing time. It takes up to 5 business days.

Reasons To Avoid TradesWiser Broker

The reasons are more than obvious. Primarily, the broker operates without necessary licenses. Secondly, they don’t provide traders with trusted and reliable trading software like Meta Trader or cTrader. Moreover, trading conditions are not transparent.

Lastly, but most importantly, the withdrawal policy is close to non-existent. Without transparent fees and clauses, traders can expect anything. Which is confirmed throughout TradesWiser reviews. If you find yourself in trouble with such a broker, don’t miss the chance to get your money back. Our specialized fund recovery team is equipped with the knowledge and tools. Get in touch today!

Our Safe Trading experts’ opinion of TradesWiser broker

Considering all the facts mentioned above, you should rethink your choice of a broker. Don’t let them ruin your life and steal all your life savings. Instead, opt for a licensed broker on time. This way you can enjoy trading in the right way.

If you don’t know how to choose the right broker, leave narrowing the list to the professionals. In the end, it’s still your decision. But most importantly, there is no pressure. Want to have a reliable broker on your side? Contact us and we’ll provide you with the best brokers for your specific needs!

FAQ Section

Is TradesWiser Trustworthy?

No. Lack of licensing, lack of transparency, unreliable trading software and numerous negative reviews.

How To Start Trading Safely?

Primarily, you should choose a regulated broker with full transparency and high-security standards. To get the list of the most reliable ones, get in touch with us.

How Can You Help Me Choose the Best Forex or Crypto Broker?

Our team can filter you brokers that can suit your trading style, experience and preferences. Let’s talk it through together and find the best choice for you. Contact us today.

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