If you are looking for a reliable and trustworthy online broker, you might have come across Wasixcap.com. This is a website that claims to offer a variety of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. But is Wasixcap.com a scam or a legit broker? In this review, we will examine the features, pros, and cons of Wasixcap.com and help you decide if it is worth your time and money.
Features of Wasixcap.com
Wasixcap.com is a relatively new broker that was launched in 2021. According to its website, it is owned and operated by Wasix Capital Ltd, a company registered in St. Vincent and the Grenadines. The broker claims to have a license from the Financial Services Authority (FSA) of St. Vincent and the Grenadines, but this is not a reputable regulatory authority and does not provide much protection to traders.
Wasixcap.com offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250, which is quite high compared to other brokers. The accounts differ in terms of spreads, leverage, commissions, bonuses, and access to educational materials and trading tools. The broker also offers a demo account for practice purposes.
Wasixcap.com provides a web-based trading platform that is compatible with any device and browser. The platform has a simple and user-friendly interface that allows traders to access various markets and instruments, execute orders, manage their positions, and analyze the market trends. The platform also supports various technical indicators, charting tools, and trading signals.
Wasixcap.com claims to offer competitive spreads and low commissions on its trades. However, the actual spreads and fees are not clearly disclosed on the website and may vary depending on the account type and market conditions. The broker also charges a withdrawal fee of $50 for every withdrawal request, which is quite high and unreasonable.
Pros of Wasixcap.com
– A wide range of trading instruments
– A web-based trading platform
– A demo account
Cons of Wasixcap.com
– A lack of regulation and transparency
– A high minimum deposit requirement
– A high withdrawal fee
– A poor customer support service
– A negative reputation online
Conclusion
Based on our research and analysis, we do not recommend Wasixcap.com as a reliable and trustworthy broker. The broker lacks proper regulation and transparency and has many red flags that indicate that it might be a scam. The broker also has a high minimum deposit requirement, a high withdrawal fee, a poor customer support service, and a negative reputation online. Therefore, we advise you to stay away from Wasixcap.com and look for other reputable brokers that can offer you better trading conditions and security.
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