Go Wize Markets Information
Go Wize Markets is an unregulated online foreign exchange and commodities broker, which was launched in February 2024 offering its clients through cTrader, the easy-to-use trading platform with two types of accounts. Even though the platform has 24/7 customer service, there is no regulation and investors will bear many security risks.
Pros and Cons
Is Go Wize Markets Legit?
Go Wize Markets has no supervisory authority to regulate it in its operation. Such absence of rules may put investors at a higher risk. The domain gowize. co was registered on 2024-02-22, and at the moment the owner of the domain has restricted it to transfer.
What Can I Trade on Go Wize Markets?
Go Wize Markets provides a platform where you can trade forex, indices, and commodities under institutional conditions.
Account Type
Go Wize Markets offers two types of accounts: Minimalist Plan and Mentalist Plan. Minimalist Plan is best suited for new clients that want to enter the FX markets with the lowest overheads, the greatest freedom of action, and simplicity of operation possible. Mentalist Plan is aimed at professional traders as it provides additional options and improved trading functionality for the best trading experience.
Go Wize Markets Fees
Go Wize Markets offers two account types: the Minimalist Plan with wider spreads and no commission, and the Mentalist Plan with tighter spreads but up to 3.5 USD in commission. You can choose the plan that aligns with your trading style and budget.
Trading Platform
Deposit and Withdrawal
Go Wize Markets charges a deposit with a minimum number for both accounts. The minimum deposit is $200 for the Minimalist Plan, and $5,000 for the Mentalist Plan. The two requirements are relatively high for many traders, especially beginners.
Customer Service
You can reach out to Go Wize Markets on 7/24 by email at support@gowize.co and by phone at +44 7534 345018.
The Bottom Line
Go Wize Markets includes a cTrader platform in forex, commodities, and indices trading. It provides an opportunity for starting traders with a minimum deposit of $200 and ending with an exclusive Mentalist Plan service for professional traders. Nevertheless, one of the downsides of this platform is that the lack of regulation is an essential security issue. It is therefore ideal for professional traders who can do profound examinations.
FAQs
Is Go Wize Markets good for beginners?
No. Due to the lack of regulation and potential risks, Go Wize Markets is not suitable for beginners.
Is Go Wize Markets good for day trading?
The platform may offer features suitable for day trading, but the lack of regulation remains a major concern. Consider regulated platforms with robust security measures for day trading.
Is it safe to trade with Go Wize Markets?
Trading with Go Wize Markets carries significant risk due to the lack of regulatory oversight. Only invest in Go Wize Markets if you understand the risks.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure to understand the risks involved and notice that the information above provided in this review may be subject to alteration.
