Wisdom Trading

WikiFX | 2024-09-12 15:34

Abstract：Wisdom Trading provides services including global commodity brokerage, managed futures consulting, direct access trading, and trading system execution via various trading platforms. However, there is a concern that their NFA license might be a cloned one.

Wisdom Trading provides services including global commodity brokerage, managed futures consulting, direct access trading, and trading system execution via various trading platforms. However, there is a concern that their NFA license might be a cloned one.

Pros and Cons

Pros	Cons
Commodity Trading Advisors (CTAs) and various Trading Systems Provided	Suspected Fake Clone License of NFA
Various Trading Platforms Provided	Limited Transaction Information Related to Accounts, Fees, Funding Methods, etc
Specialized in Futures Trading

Is Wisdom Trading Legit?

Wisdom Tradings license of the National Futures Association (NFA) is suspected as fake clone.

Regulatory Status	Suspected Fake Clone
Regulated by	United States
Licensed Institution	WISDOM TRADING INC
Licensed Type	Common Financial Service License
Licensed Number	0336784

What Can I Trade on Wisdom Trading?

Wisdom Trading offers agriculture, energy, metals, forex, cryptos, and financial futures. Apart from trading instruments, it also provides various trading system for futures trading including execution of proprietary trading systems, design and development of trading systems, exclusive in-house trading systems, managed system trading accounts, and open source trading systems.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Energy	✔
Indices	❌
Cryptocurrencies	✔
Financial Futures	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Trading Platform

Wisdom Trading offers CQG TRADER, Cqg Qtrader, Cqg Integrated Client, Cqg Api, Weboe, Mobile Trader, and Wisdom Online trading platforms.

These platforms include browser-based one like CQG Trader, which provides real-time quotes, market depth, and charts, as well as download clients like CQG QTrader and integrated like CQG Integrated Client. Besides, Weboe and Wisdom Online offer real-time updates and market depth.

Platform Name	Type	Real-time Quotes	Market Depth	Real-time Charts	Risk Management	Available Markets
CQG Trader	Browser-based	✔	✔	✔	Pre-trade buying power calculations	CME Group, ICE US, ICE EUR, Liffe, Eurex, etc.
CQG QTrader	Download client	✔	✔	✔
CQG Integrated Client	Integrated client	✔	✔	✔
CQG API	Third-party	✔	✔	✔
Weboe	Web-based	Snapshot, Real-time	✔	✔	✔	CME, GLOBEX, CBOT, NYMEX, ICE, LIFFE, EUREX
Mobile Trader	Mobile app	✔	❌	✔	✔
Wisdom Online	Web-based	Snapshot, Real-time	✔	✔	✔

Customer Service

Wisdom Trading supports multi-channel to contact them including phone, email and online messaging.

Contact Options	Details
Phone	(800) 854-8203 / +1-949-933-0179
Email	info@wisdomtrading.com
Online Messaging	✔
Online Chat	❌
Social Media	Instagram, Twitter
Supported Language	English
Website Language	English
Physical Address	2043 Westcliff Suite 208 Newport Beach, CA 92660

The Bottom Line

In conclusion, Wisdom Trading owns kinds of trading products and a batch of specified services, platforms and trading systems, which are more suitable for advanced traders who have the expertise to utilize these sophisticated tools. Most importantly, its license of NFA is suspected as fake clone one.