Thinking of getting into business with Bank Wisse? Here is what you must know about this broker. Carefully read this review to find out if bankwisse.com is the trading platform you will want to trade with.
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About Bank Wisse Broker
Bank Wisse is an offshore brokerage company with a lot of promises for traders. The address of the broker shows—
The broker claims to offer fully 24/7 client support, verified security and expert analysis.
Account types offer by this broker are Silver, Gold, Platinum and VIP Club.
In spite the trading instruments Bank Wisse claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
bankwisse.com: Reasons to Avoid This Broker
bankwisse.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as no financial authority recognizes this broker.
Despite the demo account for forex traders, it is best you don’t spend time on an unserious broker like Bank Wisse.
Also, the broker does not offer money back guarantee which means trading on such platform is clearly a risk.
These are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Bank Wisse provides no information on withdrawal process.
Also, the broker charges $36 on an inactive account for 30 days.
Minimum Deposit
Bank Wisse minimum deposit on the account type is €500.
As for the payment methods, we can make payment via Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!
Bank Wisse Platform
Bank Wisse offers web based trading software. The refusal to make use of the industry standard MT4 or MT5 that comes with user friendly features for trading is a con.
As for the leverage, the broker offers 1: 200. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Bank Wisse Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Conclusion: Is bankwisse.com a Reliable Broker?
bankwisse.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
