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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 13.00% brokers
Biz Area Search Statistics Advertising 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
Customer Service Email Address
support@gowize.co
Contact Number
+447534345018
Company Website
Account
Biz Area
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • gowize.co
    193.202.44.232
    Server Location
    India India
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    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.

Keywords

  • 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.

Three days ago
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.

Three days ago
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.

Three days ago
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

Three days ago
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

Three days ago
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.

Three days ago
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

Three days ago
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.

Three days ago
United States
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