Global Broker Regulation Inquiry App
WikiFX
Sam35 
1-2 years
What is the minimum deposit required for Wisdom Forex?
Broker Issues
Withdrawal
Deposit
07-26
United States
WikiFX
Reply
The minimum deposit to start trading with Wisdom Forex is $100, which is relatively low compared to other brokers. This is a great option for beginners who want to test the waters without committing large sums of money. However, for more experienced traders like me, the low deposit requirement might be overshadowed by high spreads, making the platform less attractive in the long run. For Wisdom trading, the initial deposit is not the only factor to consider—high transaction costs due to wide spreads could significantly eat into profits. Despite the low minimum deposit, I would proceed cautiously with Wisdom broker if the overall cost structure is not transparent.
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