Wizifx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-23 17:40

Abstract：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.

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

WizifxReview Summary
Founded	2022
Registered Country/Region	China
Regulation	Not regulated
Market Instruments	Forex, Cryptocurrencies, Global Indices, Precious Metals, Commodities, CFDs on Shares
Demo Account	/
Leverage	Up to 1:1000
Spread	From 1.5 pips
Trading Platform	Wizifx trading platform
Min Deposit	$100
Customer Support	Contact 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.

Pros and Cons

Pros	Cons
Various trading assets	Wide spreads
Multiple account types	No 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.

What Can I Trade on Wizifx?

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
Global Indices	✔
Precious Metals	✔
Commodities	✔
CFDs on Shares	✔
Options	❌

Account Type

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

Account Type	Minimum Deposit
Standard	$100
Star VIP	$2000
ECN Pro	$500
Premium	$300

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.

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 Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders
Wizifx trading platform	✔	PC, web browsers, and mobile	Experienced traders