Brokers  /  Wise Trader

Wise Trader

Severe risk
🇨🇾 Cyprus · 5-10 years · since 2019-05-07 · F1Markets Ltd
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Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
85
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Listed as “Clone Firm” in industry watchdog records
  • Identified as a clone / impersonator firm
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)4710%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameF1Markets Ltd
Headquarters🇨🇾 Cyprus
Founded2019-05-07
Years operating5-10 years
Employees0
Official websitewisetrader.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECForex Execution License (STP)267/15Cyprus

Review analysis AI

There aren’t enough independent reviews for Wise Trader yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.

0
Period:

Real user reviews

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About Wise Trader

Wise Trader is a forex and CFD broker based in Cyprus, with records dating to 2019-05-07. It reports oversight from CYSEC.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full Wise Trader review