Company Profile
Company Profile
Review summary
| Wisdom Financial Service Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Saint Lucia |
| Regulation | FCA (Exceeded) |
| Market Instruments | Forex & CFD Trading on Stocks, Indices, Oil, Gold |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips (Standard account) |
| Trading Platform | APP |
| Min Deposit | $1 |
| Customer Support | Contact form |
| Tel: +66867741450 | |
| Email: admin@wisdomfinancialservice.com | |
| Social media: Facebook, Instagram, Twitter | |
| Regional Restriction | USA |
Wisdom Financial Service was registered in 2023 in Saint Lucia, which is a broker focusing on the forex and CFD markets. It offers 3 types of accounts, with a minimum deposit of $1 and a maximum leverage of 1:1000. It was regulated by the Financial Conduct Authority (FCA) in the UK, but the license was exceeded, which means potential risks may exist.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | New to the market |
| Multiple investment plans | Exceeded FCA license |
| Flexible leverage ratios | No MT4 or MT5 |
| No commissions | Unknown payment methods |
| Low minimum deposit | US clients are not allowed |
| Various channels for customer support |
Is Wisdom Financial Service Legit?
Wisdom Financial Service was once regulated by the Financial Conduct Authority (FCA) in the UK, but it was exceeded. Besides, the current status shows that activities such as client transferring and updating are prohibited. Therefore, careful considerations are recommended, because potential risks may exist.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Conduct Authority (FCA) | Exceeded | UK | Common Business Registration | 15895105 |
What Can I Trade on Wisdom Financial Service?
Wisdom Financial Service offers several types of products, including forex, stocks, indices, oil, and gold.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Oil | ✔ |
| Gold | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Investment Plan
Wisdom Financial Service provides 3 types of accounts, including Mini Plan, Standard Plan, and SVIP Plan.
| Investment Plan | Min Deposit |
| Mini | $1 |
| Standard | $1,000 |
| SVIP | $3,000 |
Leverage
| Investment Plan | Max Leverage |
| Mini | 1:1000 |
| Standard | 1:500 |
| SVIP | 1:300 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Fees
| Investment Plan | Spread | Commission |
| Mini | From 0.5 pips | ❌ |
| Standard | From 0.1 pips | |
| SVIP | From 0.3 pips |
Trading Platform
Wisdom Financial Service uses its own trading APP, but it does not provide details about this APP.
| Trading Platform | Supported | Available Devices | Suitable for |
| APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Q
Hong Kong
I only registered and used this platform for two days, and then on Friday I received a message from a Wisdom staff member accusing me of "trading" (or "speculating"). On Monday, they changed their tune, saying it was "instant order processing," basically just trying to smear me and refusing to release my funds for various reasons. In all my years in the industry and with so many platforms, I've never seen anything like this. Nothing is worse than this; even hundreds of USDT are stuck. Moreover, the staff are extremely unprofessional, constantly using foul language. If this isn't resolved, I will expose this platform daily.
Exposure
醒梦?
Hong Kong
I submitted a withdrawal request on the 28th and it's still under review. When I contacted the platform, they said the server I was using triggered an alert.
Exposure
...72321
Hong Kong
This new platform is a joke. Crude oil cost basis was 400, I traded on fundamentals, and won. The moment I try to withdraw my principal, they start playing dirty. They hit me with a "violation" flag and are now demanding I hold my ID and write them a handwritten guarantee letter to get MY OWN MONEY back.
Exposure
FX3156369242
Hong Kong
After using the Wisdom platform for a period of time, I have gained a general understanding of its overall operations. First, the platform interface is relatively simple, making it easy for new users to get started. The layout of commonly used functions is clear, and daily operations are quite convenient. Processes such as account registration, identity verification, and fund management are standardized and can be completed by following the prompts. During trading, the platform operates generally stably, with most of the time being able to place orders and manage positions normally. The customer service team provides assistance during working hours and responds promptly to account and operation-related issues. Additionally, under normal market fluctuations, order execution generally meets my expectations. The process of depositing and withdrawing funds is also relatively smooth, although the actual arrival time may be affected by the processing speed of banks or payment channels. It should be noted that forex and CFD trading inherently carry high risks. Regardless of which platform is chosen, risk control and fund management should be properly implemented. Overall, my personal experience so far has been fairly smooth. It is recommended that interested investors fully understand the product features and associated risks, and make careful choices and reasonable investments based on their own circumstances.
Positive
Q
Hong Kong
Previously, because I did not fully understand the platform's trading rules, I used trading methods that violated the regulations, such as second trades, which led to some disagreements with the platform during account review. I was quite emotional at the time and also posted some negative comments. Later, after communicating with the account manager and the platform's risk control department, I learned that the platform does have relevant restrictions on high-frequency second trades, market making, and other trading behaviors, and I had not paid sufficient attention to these rules at the time. Although there were some misunderstandings in the process, the platform ultimately processed my withdrawal according to the review results, and the funds arrived smoothly. I have to give credit for that. This experience also reminded me that before trading in the future, I should carefully understand the platform's trading rules and restrictions to avoid unnecessary misunderstandings caused by improper operation. Overall, the platform fulfilled its promise in terms of withdrawals, and I hope future trading will go more smoothly.
Positive
醒梦?
Hong Kong
At that time, my strategy indeed triggered the platform's risk control system. The withdrawal review took several days, but they ultimately allowed it to proceed. The handling outcome was quite fair and reasonable, a brokerage worthy of praise.
Positive
Zhanping Wu
Hong Kong
Not bad, deposit and withdrawal are very fast
Positive
FX7603821532
Hong Kong
Recently, many friends have been asking me which platform is more stable to use now, and I would basically recommend Wisdom. Because from my actual usage, it's quite reliable in terms of both trading experience and capital efficiency. The platform runs stably, orders are placed smoothly, the spreads are relatively reasonable, and there are rarely any situations that affect trading during normal order execution. Most importantly, the withdrawal speed is fast, which makes using it more reassuring. Nowadays, many platforms advertise a lot, but there aren't many that can operate stably in the long term and make users feel at ease. Wisdom is one that I currently recognize quite well.
Positive
Sarguna Raj
Netherlands
I've been trading with Wisdom for a year now. Their platform is user-friendly and reliable. 👍👍👍
Positive
Sarah K
Japan
Needed help with setting up my account, and customer support was fantastic. Very responsive and helpful!
Positive