Company Profile
Company Profile
Review summary
| WOXA LTD Review Summary | |
| Founded | 2005 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Stocks, cryptos, currencies, commodities |
| Demo Account | / |
| Islamic Account | ✅ |
| Leverage | 1:400 |
| EUR/USD Spread | 0.6 pips (minimum spread) |
| 0.8 pips (average spread) | |
| Trading Platform | WOXA APP, web trader |
| Copy/Social Trading | ✅ |
| Min Deposit | / |
| Customer Support | Live chat |
| Email: support@woxa.com | |
| Regional Restrictions | The European Union, United Kingdom, Cuba, Myanmar, Turkey, Japan, Singapore, New Zealand, Poland, Canada, Iran, North Korea, and the United States |
WOXA LTD was registered in 2005 in Saint Vincent and the Grenadines, specializing in the stock, crypto, currency, and commodity markets. It uses its own trading platform, which is available on mobile and web devices. However, it is not regulated, and it does not provide services for residents in certain areas.
Pros and Cons
| Pros | Cons |
| Long operation time | No regulation |
| Islamic accounts provided | No MT4 or MT5 |
| Tight EUR/USD spread | Unclear payment methods |
| Copy trading services | Regional restrictions |
| Live chat support |
Is WOXA LTD Legit?
No, it is not regulated by the financial services regulatory authority in Sait Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that activities such as client transferring and updating are prohibited. Please note the potential risks!
What Can I Trade on WOXA LTD?
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage/Spread
The leverage is variable depending on the types of products. Customers need to consider carefully, because high leverage is likely to bring high potential risks. Take different currency pairs for example.
| Currency Pairs | Min Spread | Avg Spread | leverage |
| EUR/USD | 0.6 pips | 0.8 pips | 1:400 |
| AUD/CAD | 2 pips | 2.2 pips | 1:50 |
| EUR/JPY | 1.4 pips | 1.6 pips | 1:200 |
Trading Platform
WOXA LTD uses its own trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| WOXA | ✔ | PC, web, mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Social Trading
WOXA provides social trading services. On its platform, customers can share their trading experiences and learn from some of the top traders.
