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/10

GO WIZE MARKETS

Saint Lucia Saint Lucia | 2-5 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.gowize.co/

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

Norway Norway 2.30
Surpassed 13.10% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+44 7534 345018
https://www.gowize.co/
Ken Lee Building 20 Edith Cavell Street Port Louis Mauritius

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Lucia
Operating Period
2-5 years
Company Name
Go Wize Markets Ltd
Email
support@gowize.co
Contact Number
+447534345018
Company Website
Account Info
Business Region
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • gowize.co
    193.202.44.232
    Server Location
    India India
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

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.

Go Wize Markets Information

Pros and Cons

ProsCons
  • Easy-to-use platform of cTrader
  • Lack of regulation
  • Offers two account types
  • High minimum deposit
  • 24/7 customer service
  • Limited information on non-trading fees

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.

Is Go Wize Markets Legit?
Is Go Wize Markets Legit?

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.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrency
Shares
Metals
What Can I Trade on Go Wize Markets?

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.

Account TypeStarting DepositLeverageSpreadsCommission
Minimalist Plan$200Up to 1:500From 0.30No commission
Mentalist Plan$5,000Up to 1:500From 0.10Up to 3.5 USD
Account Type

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.

FeatureMinimalist PlanMentalist Plan
Maximum Leverage1:5001:500
SpreadsFrom 0.30From 0.10
CommissionNoneUp to 3.5 USD

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
cTradermobile, desktop, and webInvestors of all experience levels
MT5mobile, desktop, and webInvestors of all experience levels

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.

Deposit OptionsMin. Deposit
Minimalist Plan$200
Mentalist Plan$5,000

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.

Contact OptionsDetails
Phone+44 7534 345018
Emailsupport@gowize.co
Support Ticket System
Online Chat
Social MediaFacebook, Instagram, Twitter, YouTube, etc
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressGround Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia

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.

Company Profile

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with GO WIZE MARKETS?

Yes, trading with Go Wize Markets Ltd presents a high-risk profile, primarily due to its lack of any valid financial regulatory licenses, which means client funds are not protected by segregation rules or external dispute resolution mechanisms common with regulated entities.

04-02
United States

Is GO WIZE MARKETS regulated?

No, Go Wize Markets Ltd is not regulated by any recognized financial authority; it operates from Saint Lucia without verified mainstream regulatory oversight.

04-02
United States

When was GO WIZE MARKETS established?

The broker, Go Wize Markets Ltd, has been operating in the market for an estimated 2 to 5 years.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
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