Rating Index

Pros

No deposit or withdrawal fees, allowing for cost-effective trading.

High leverage of up to 1:300, providing opportunities for significant returns.

User-friendly web-based platform with integrated TradingView charts and a demo account option for beginners.

Cons

Lack of regulation, raising concerns about the safety of funds and overall trustworthiness.

Volatility of Bitcoin can lead to fluctuating account values, complicating profit calculations.

Limited customer support options, primarily relying on ticket submissions and email communication.

WCX broker Accounts

WCX Account Type

WCX offers two main account types for traders: Standard Account and ECN Account.

Standard Account

Minimum Deposit: $100
Maximum Leverage: 1:500
Spreads: Variable
Commission: None
Suitable For: Beginner and intermediate traders looking for a simple trading experience.

ECN Account

Minimum Deposit: $1,000
Maximum Leverage: 1:500
Spreads: Variable, typically tighter than Standard accounts.
Commission: $5 per lot
Suitable For: Experienced traders seeking better trading conditions with faster execution speeds.

WCX Broker Account Opening Process

Opening an account with WCX involves a straightforward process:

Visit the WCX Website: Go to wcex.com.
Click on 'Open Account': Locate and click the 'Open Account' button.
Provide Personal Information: Enter your first name, last name, email address, and create a password.
Account Type Selection: Choose between the Standard or ECN account type.
Verify Your Email: Check your email for a verification link and confirm your account.
Complete KYC Process: Fill in additional details such as date of birth, occupation, and investment experience. Upload a valid ID or passport for verification.
Deposit Funds: Fund your account using one of the supported methods (wire transfer, credit/debit card, or e-wallets). The minimum deposit for both account types is $100.

This process allows traders to start trading with WCX efficiently, ensuring they meet the necessary requirements for account verification and funding.