WikiStock

WikiStock
WikiStock Rating	⭐
Account Max	$1,000
Fees	Not Mentioned
App/Platform	WikiStock Trading Platform
Promotions	No
Customer Support	Twitter, Facebook, Instagram, Discord YouTube and Telegram

What is WikiStock？

　　WikiStock, an online trading platform, is authorized and regulated by esteemed financial regulatory bodies, including MAS and SCB. Specializing in forex, crypto, and commodities trading, WikiStock provides traders with a diverse range of investment opportunities. The platform offers a dynamic and user-friendly trading experience, featuring advanced functionalities such as CFD trading, Copy Trading, Trading Bots, and a Ranking system. While WikiStock asserts regulation by the ASIC and FCA, there are concerns that these claims may be linked to clone firms.



Pros & Cons of WikiStock

Pros	Cons
Regulated by MAS and SCB	The Licenses of ASIC and FCA Suspected to Be Clone
Advanced Trading Features	Lack of Information on Trading Conditions
	Limited Products Provided

Pros of WikiStock:

　　- Regulated by MAS and SCB: WikiStock is regulated by reputable financial authorities such as the Monetary Authority of Singapore (MAS) and the Securities Commission of The Bahamas (SCB), ensuring a level of trust and security for traders using the platform.

　　- Advanced Trading Features: WikiStock offers advanced trading features such as CFD trading, Copy Trading, Trading Bots, and a Ranking system, providing traders with tools to enhance their strategies and decision-making processes.

Cons of WikiStock:

　　- Suspected Clone Licenses: There are suspicions surrounding WikiStock's claims of being licensed by the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom, potentially raising doubts among users about the platform's credibility.

　　- Lack of Information on Trading Conditions: WikiStock does not offer sufficient details on trading conditions such as fees, spreads, leverage, and other important factors, which could lead to uncertainty for traders regarding the costs and conditions of their trades.

　　- Limited Product Offerings: Only forex, cryptos and commodities traded, WikiStock offers a limited selection of products compared to other trading platforms, potentially restricting the diversification and trading options available to traders on the platform.

Is WikiStock Safe？

　　WikiStock is authorized and regulated by reputable financial regulatory bodies, including the Monetary Authority of Singapore (MAS) and the Securities Commission of The Bahamas (SCB), under License No. CMS101000 and SIA-F184 respectively. These regulatory licenses provide assurance to traders that WikiStock complies with the required standards and regulations to operate as a legitimate financial service provider.



　　Although WikiStock claims to be regulated by the Australia Securities & Investment Commission (License No.: 400364) and the United Kingdom Financial Conduct Authority (License No.: 155593), there are suspicions that these claims may be associated with clone firms. Clone firms are unauthorized entities that falsely claim to be regulated by legitimate authorities to deceive investors.

　　Investors should exercise caution and be vigilant when dealing with brokers who claim to be regulated by authorities such as the Australian Securities & Investment Commission (ASIC) or the Financial Conduct Authority (FCA) in the United Kingdom, particularly if there are doubts regarding the authenticity of these claims. Engaging with clone firms can expose investors to various risks, including financial losses and potential fraud.



What are Trading Products to Trade with WikiStock？

　　WikiStock offers forex, crypto, and commodities.

　　Forex: The forex market, also known as the foreign exchange market, is where traders buy and sell currency pairs. It is the largest and most liquid market globally, with currencies traded in pairs such as EUR/USD, GBP/JPY, and USD/JPY.

　　Cryptocurrencies: The crypto market involves the trading of digital assets or cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. These digital currencies operate on blockchain technology and are decentralized.

　　Commodities: The commodities market includes trading in physical goods such as gold, silver, oil, wheat, and coffee. These commodities are essential raw materials that drive global economies.



WikiStock Platforms Review

　　WikiStock Trading Platform provides access to a wide range of financial instruments, including Contracts for Difference (CFDs), allowing users to speculate on the price movements of various assets without owning the underlying asset.

　　One of the key features of the WikiStock platform is its Copy Trading functionality, which enables users to replicate the trades of successful traders automatically. This feature is especially beneficial for newcomers looking to learn from seasoned traders and mirror their strategies to potentially improve their own trading performance.

　　Moreover, WikiStock's platform incorporates Trading Bots technology, allowing users to automate their trading strategies based on predefined parameters and algorithms. This can help traders execute trades more efficiently and capitalize on market opportunities without constant manual intervention.

　　Additionally, the platform includes a Ranking system that ranks traders based on their performance and success rate, providing transparency and insights into the trading abilities of different users. This feature can assist traders in identifying top performers to follow or learn from.



WikiStock Accounts Review

　　WikiStock offers a variety of account options to cater to different trading preferences and needs.

• 　　Demo Account:

　　- Comes with $100,000 in virtual assets, account is resettable, offers Copy Trading and Trading Bots functionalities, includes a ranking system.

　　- Allows users to practice trading without risking real money, test different strategies, and learn how to use the platform effectively.

• 　　Trial Account:

　　- Maximum deposit of $10,000, considered a Cent account where real money is involved, includes a ranking system.

　　- Provides a small-scale real trading experience with limited risk, allows users to test their skills in a live trading environment.

• 　　MT4 Account:

　　- Supported by thousands of brokers, can connect to all MT4 accounts, offers real-time synchronized market trend updates, enables instant opening/closing of positions.

　　- Provides a reliable and widely used trading platform, offers access to various brokers and tools, ensures efficient and quick trading execution.

• 　　MT5 Account:

　　- Supported by thousands of brokers, can connect to all MT5 accounts, provides real-time synchronized market trend updates, allows instant opening/closing of positions.

　　- Offers an advanced trading platform with enhanced features compared to MT4, ensures access to a wide range of brokers and markets, supports efficient trading operations.



Customer Service

　　Customers can get in touch with customer service line using the information provided below:

　　Email: support@Wikitrade.com

　　Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, Discord YouTube and Telegram.

Conclusion

　　In conclusion, WikiStock is a trading platform that offers regulatory compliance through oversight by reputable financial authorities like MAS and SCB. The platform also provides advanced trading features, including CFD trading, Copy Trading, Trading Bots, and a Ranking system, as well as a diverse range of investment options in forex, cryptocurrencies, and commodities.

　　However, WikiStock faces challenges such as suspicions surrounding its claims of being licensed by ASIC and FCA, which may raise doubts among users about its legitimacy. Therefore, while WikiStock has its strengths in regulatory compliance and advanced trading features, addressing concerns related to suspected clone licenses, providing more transparency on trading conditions, and expanding product offerings could enhance user trust and satisfaction with the platform.

Frequently Asked Questions (FAQs)

　　Is WikiStock regulated？

　　Yes. It is regulated by MAS and SCB.

　　What types of securities can I invest in with WikiStock？

　　You can trade forex, cryptos and commodity.

　　What are platforms offered by WikiStock？

　　It provides WikiStock Trading Platform.

　　How can I contact the customer support team at WikiStock？

　　You can contact via email: support@Wikitrade.com, Twitter, Facebook, Instagram, Discord YouTube and Telegram.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.