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
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.
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
Frequently Asked Questions (FAQs)
