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WiXi

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://wixi.io

Website

Rating Index

Contact

https://wixi.io

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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WiXi · Company Summary

Note: WiXi is to operate via the website - https://wixi.io/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, Commodities, Indices, ETFs, Stocks and Cryptocurrencies
Account Type N/A
Demo Account N/A
Maximum Leverage 1:600
Spread (EUR/USD) 0.2 pips
Commission N/A
Trading Platform WebTrader
Minimum Deposit 500 Tether
Deposit & Withdrawal Method Bitcoin

WiXi is allegedly a multi-asset broker registered in China that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:600 and floating spreads from 0.2 pips on the WebTrader platform.

As for regulation, it has been verified that WiXi currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.10/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 11, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

WiXi advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, Commodities, Indices, ETFs, Stocks and Cryptocurrencies.

Leverage

Leverage at WiXi varies between 1:100 and 1:600. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

The EUR/USD spread provided by WiXi is just 0.2 pips.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, WiXi gives traders a WebTrader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

The single funding method with WiXi is Bitcoin. The minimum deposit is 500 Tether, which equals 500 USD. The withdrawal processing time is 5 days.

Fees

Like most brokers, WiXi also charges an inactivity fee. If you recall, it will charge as high as $100 per month for inactivity.

Customer Support

WiXi‘s customer support can be reached by telephone: +447361596529, +442080973880, email: cs@wixi.co, compliance@wixi.co. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple tradable assets to choose from • No regulation
• Website inaccessible
• Competitive spreads • High minimum deposit (500 Tether)
• Bitcoin payment only

Frequently Asked Questions (FAQs)

Q 1: Is WiXi regulated?
A 1: No. It has been verified that WiXi currently has no valid regulation.
Q 2: Does WiXi offer the industry-standard MT4 & MT5?
A 2: No. Instead, WiXi offers a WebTrader.
Q 3: What is the minimum deposit for WiXi
A 3: The minimum initial deposit at WiXi is 500 Tether.
Q 4: Does WiXi charge a fee?
A 4: Like every forex broker, WiXi charges a spread fee. It also charges an inactivity fee of $100 monthly.
Q 5: Is WiX a good broker for beginners?
A 5: No. WiX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit.

Broker Information

Company Name

WiXi

Company Abbreviation

WiXi

Regulatory Status

No Regulation

Platform registered country and region

China

Company website
Phone of the company

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Company Summary

User Reviews

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Napruet Nonist Komutanont
more than one year
Still can't get through to anyone and have now been locked out of platform...SCAM- they'll probably change their name.....anyone contacts you or you go through an advert, especially hearing call centre in background - block the number straight away!!!! These people will get the worst karma, I hope they choke on money.
2023-03-21 18:39
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paul97327
more than one year
I think this WiXi broker is just another Forex scam! The company was registered in China less than a year ago without any reliable regulatory license. Now that their website is down I think they are out of business.
2022-12-05 16:23
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