WIBS CAPITAL-Overview of Minimum Deposit, Leverage, Spreads

General Information

WIBS CAPITAL is allegedly a broker incorporated and based in Saint Vincent and the Grenadines that provides its clients with the industry-standard MetaTrader4 platform, flexible leverage up to 1:1000, variable spreads on a variety of tradable assets, as well as a choice of four different account types and 24×5 customer support services.

Market Instruments

WIBS CAPITAL advertises that it offers a wide range of trading instruments in financial markets, including forex, metals, stocks, indices and commodities.

Account Types

There are four live trading accounts offered by WIBS CAPITAL, apart from demo accounts, namely Standard, ECN, Pro-Ecn and Prime. Opening a Standard account requires the minimum initial deposit amount of $100, while the other three account types with the much higher minimum initial capital requirements of $200, $500 and $25,000 respectively. The broker also offers Islamic accounts but more details should contact by email to get.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard, ECN or Pro-Ecn account can enjoy the maximum leverage as high as 1:1000, while the Prime account can experience the leverage of up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. WIBS CAPITAL reveals that the spread on the Standard account starts from 3 pips, the clients on the ECN account can experience spreads from 1.6 pips, while the Pro-Ecn or Prime account with spreads from 0.2 pips. As for commissions, the Pro-Ecn account will be charged a commission of 3$ fixed-per side, while the left account types about which are not involved directly.

Trading Platform Available

When it comes to trading platforms available,WIBS CAPITAL gives traders the worlds most advanced MetaTrader4 platform, available for PC, Mac, mobile and tablets. MT4 is known as one of the most successful, efficient, and competent forex trading software, equipped with rich functionality, fundamental technical analysis, copy trading and automated trading, providing the best tools and instruments available. While with the MT4 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Trading Tools

Also, WIBS CAPITAL provides its clients with three different kinds of trading tools, including Pip Value Calculator, Profit Calculator and Currency Converter. Pip Value Calculator can help you to get the value of a pip in the currency; Profit Calculator helps to determine the potential profit or loss of trade; while Currency Converter can convert over 20 currencies quickly and easily to see exactly how much your money is worth.

Deposit & Withdrawal

From the logos shown at the bottom of the home page on WIBS CAPITAL‘s official website, we found that this broker seems to accept deposits and withdrawals with Bank Wire Transfer, MasterCard, Neteller, Skrill, Visa and WebMoney, yet we can’t be sure if these payment methods are all available.

Customer Support

WIBS CAPITALs customer support can be reached through telephone: 02034325956, +442034325956, email: support@wibscapital.com, live chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like YouTube, Facebook, Instagram and Twitter. Company address: Wibs Capital Ltd Office 1473 182-184 High Street North, East Ham, London E6 2JA. The UK.