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Wizifx -

Score

1.35 /10
Danger

Wizifx

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://wizifx.co.uk

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.73

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Wizifx

Company Abbreviation

Wizifx

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Wizifx · Company summary

Note: Wizifx's official website: https://wizifx.co.uk/ is currently inaccessible normally.

WizifxReview Summary
Founded2022
Registered Country/RegionChina
RegulationNot regulated
Market InstrumentsForex, Cryptocurrencies, Global Indices, Precious Metals, Commodities, CFDs on Shares
Demo Account/
LeverageUp to 1:1000
SpreadFrom 1.5 pips
Trading PlatformWizifx trading platform
Min Deposit$100
Customer SupportContact form

Wizifx provides many trading assets, including Forex, Cryptocurrencies, Global Indices, Precious Metals, Commodities, CFDs on Shares with leverage up to 1:1000 and spread from 1.5 pips. However, it currently has no valid regulations.

Wizifx's homepage

Pros and Cons

Pros Cons
Various trading assetsWide spreads
Multiple account typesNo MT4/5
Limited contact channels
Not regulated

Is Wizifx Legit?

Wizifx operates without regulation. It doesn't need to obey the rules of any financial authorities. Traders should be careful when choosing brokers.

No license

What Can I Trade on Wizifx?

Tradable Instruments Supported
Forex✔
Cryptocurrencies✔
Global Indices✔
Precious Metals✔
Commodities✔
CFDs on Shares✔
Options❌
What Can I Trade on Wizifx?

Account Type

Wizifx offers four account types: Standard, Star VIP, ECN Pro and Premium.

Account TypeMinimum Deposit
Standard$100
Star VIP$2000
ECN Pro$500
Premium$300
Account comparison

Leverage

Leverage varies by account types. The maximum leverage of Wizifx is up to 1:1000 on the Standard account. Star VIP's leverage is 1:300, ECN Pro's leverage is 1:200 and Premium is 1:400. Gains and losses can be high when leverage is high.

Leverage

Spreads and Commissions

The spreads and commissions of Wizifx also vary depending on the account types.

The Standard account' spreads starting from 1.5 pips and commission is free.

The Premium account offers spreads starting from 1 pip, with a $3 per lot commission payable per side.

The Star VIP account needs spreads starting from 0.5 pips and commission is free.

The ECN Pro account's spreads starting from 0 pips but its commission needs $3 per lot.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5❌/Experienced traders
Wizifx trading platform✔PC, web browsers, and mobileExperienced traders

Deposit and Withdrawal

Wizifx can deposit and withdraw through electronic payment systems and bank cards, and the minimum deposit is $100.

Deposit and Withdrawal

User Reviews

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User comment

3

Comments

Write a review

FX1475622706
more than one year
I traded with them for a while, but their platform was so unstable! It kept slipping and disconnecting, causing me to lose money on my trades all the time. Plus, their customer service was terrible. It was really hard to get in touch with them, and when I did, it took ages for them to respond. When I tried to withdraw my earnings, they gave me the runaround and kept delaying it, which was a total headache and ended up costing me a lot of money.
I traded with them for a while, but their platform was so unstable! It kept slipping and disconnecting, causing me to lose money on my trades all the time. Plus, their customer service was terrible. It was really hard to get in touch with them, and when I did, it took ages for them to respond. When I tried to withdraw my earnings, they gave me the runaround and kept delaying it, which was a total headache and ended up costing me a lot of money.
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2023-03-31 15:55
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khalil288
more than one year
i really appropriate
i really appropriate
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2022-12-09 04:31
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2