WisecapitalX is owned and operated by UIT solution LTD, registered and headquartered in the Marshall Islands. Meanwhile, the company does not disclose any information about its owners, the project’s history, or the date of its creation. However, the site indicates the number of working online clients, about 5 thousand. There is a mention of numerous awards and a reference to 15 years of business operation. As for the domain, it was registered only in August 2023. In addition, the broker does not provide licensing details and there is only one communication channel – via Email.
Can this platform be trusted? Is the company reliable and are its employees professional? We will analyze the legal data, customer reviews, and terminal features and determine whether the broker is safe and if its service is beneficial for trading.
WisecapitalX has positioned itself as a leading forex trading broker online. It provides clients with a terminal with more than 1800 instruments. You can use the web platform to work on PC and mobile apps. The company offers currency pairs, commodities, indices, stocks, and cryptocurrencies for trading. Online trading is available to traders with support for a variety of orders, including 6 pending orders, 2 market orders, 2 stop orders, flexible leverage, trailing stop, and 2 position accounting systems.
The terminal has no restrictions on the maximum size of trades and allows trades in one micro lot (0.01). You can open an account by choosing from 4 options. The services are structured by the amount of minimum deposit:
- Basic from $250 – Leverage 1:10, Daily News, Weekly Market Review, Trading Academy, Account Manager, Loyalty Points, Weekly Portfolio Progress Report
- Gold from $25,000 – Leverage 1:50, 25% off swaps, Weekly live webinar, Monthly session with accountant, Weekly 1 on 1 meeting with market analyst, Year-end summary with tax specialist, 24/7 account monitoring from team of analysts.
- Platinum from $100,000 – Leverage 1:100, 50% off swaps. Weekly live webinar. Daily market signals, Customized training program, Invitations to VIP events, In-depth research.
- VIP from $500,000 – Leverage 1:200, 75% off Swap, Higher Payouts, Money Manager, Customized Training Program, VIP Event Invitations, Super Narrow Spreads.
Your trading account will be activated after you make an initial deposit. Funds will be converted on the platform in US dollars/£/euro. WisecapitalX promises withdrawals in 7-10 business days. Deposit methods include methods such as credit/debit cards, e-wallets, and bank transfers. The minimum withdrawal amount ranges from $100 to $1,000, depending on the type of payment system. The client’s account must be verified by the site administration 90 business days before the first withdrawal. The trader pays the brokerage company a commission of 1% for the execution of all trades and a quarterly fee of $75.
You must agree when registering an account that WisecapitalX may use your personal information. Among other things, the company reserves the right to disclose your information to affiliates. In addition, the administration may cancel any of your transactions at its discretion.
You can take advantage of bonuses and participate in the “7-Day Guarantee Campaigns” promotions. However, remember that in this case, you will have to fulfill the trading volume (bonus amount + deposit) x25 in order to withdraw funds. Your insured funds will be exchanged by the broker for bonus money, and you will have to exchange the amount of your first deposit 15 times to get the right to withdraw them. You will find analytical materials and training programs as part of your account services.