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.
Trading Conditions
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 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.
FAQ
Would investing in WisecapitalX offer the best returns?
Cooperating with this Forex broker will ruin you rather than enrich you. This is risky CFD trading, which is banned in the USA due to dangerous consequences for the capital of the country's citizens. In addition, trading takes place on an unknown and unstable platform.
Does WisecapitalX carry out withdrawals?
The withdrawal procedure is very long, requiring you to provide personal information 90 days before submitting your first withdrawal request. It is likely that the broker will deny you a withdrawal without explanation, as its clients report in reviews about such situations. Share your experience in the comments.
May I be scammed on wisecapitalx.com?
This company actively uses self-promotion, and not always the published information turns out to be true. For example, the official website of the broker says that it has been providing services to traders for more than 15 years, but in fact, its domain was registered a couple of months ago. In addition, the firm does not have a license for financial activities, i.e. it operates illegally, so there is a high risk of fraud.
What's the best way to share my experience with WisecapitalX?
Fill out the form and we'll make sure your voice is heard.
How can I tell if wisecapitalx.com is a fraudulent company?
Do your own research and never believe those who promise you easy money.
12 reviews about WisecapitalX