WisunoFX Forex Broker

WisunoFX Review SummaryFounded2024Registered Country/RegionSeychellesRegulationCYSEC, FSA (Offshore regulated)Market InstrumentsForex, Indices, Commodities, Stocks, Cryptocurrencies, MetalsDemo Account✅LeverageUp to 1:2000SpreadFrom 1.2 pips (Standard account)Trading PlatformMT4, MT5Minimum Deposit$10Customer SupportContact FormEmail: support@wisunofx.comCompany Address: Office 12, 3rd Floor, IMAD Complex, Ile Du Port, Mahe, Republic of SeychellesRegional RestrictionsThe United States, Canada, North Korea, Iran, BelgiumWisunoFX Information Registered in Seychelles, WisunoFX operates as a multi-asset trading platform, offering tradable products including Forex, Indices, Commodities, Stocks, Cryptocurrencies, and Metals. Wisuno claims to offer leverage up to 1:2000 and access to MT4 and MT5. To start trading on this platform, a low minimum deposit of $10 is required. However, WisunoFX doesn't offer its service to residents from many regions.Pros and ConsProsConsRegulated by CYSECOffshore regulated by FSASwap-free trading availableCommission chargedDemo accounts availableRegional restrictionsMT4 and MT5 supportedMultiple payment methodsThree account typesLow minimum deposit requirementIs WisunoFX Legit? WisunoFX operates under the Cyprus Securities and Exchange Commission (CYSEC) and the Seychelles Financial Services Authority (FSA). However, its FSA regulation is offshore, which added a hint of risk.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)RegulatedWSN Capital LtdStraight Through Processing (STP)450/24The Seychelles Financial Services Authority (FSA)Offshore RegulatedWISUNO LIMITEDRetail Forex LicenseSD178What Can I Trade on WisunoFX? Traders on WisunoFX get tradable assets including Forex, Indices, Commodities, Stocks, Cryptocurrencies, and Metals.Trading AssetAvailableforex✔metals✔commodities✔indices✔stocks✔cryptocurrencies✔bonds❌options❌funds❌ETFs❌Account Type There are three distinct account types available on WisunoFX: USD Cent Account, Standard Account, and ECN Account.Account TypeUSD Cent Standard ECN Target LevelALL LEVELSBEGINNER, MIDDLEEXPERTMinimum Deposit$10$50$100Maximum Leverage2000:1Maximum Lot Size100Maximum Open Orders400EA Available✔SpreadFrom 1.2 pipsFrom 0 pipsCommission❌$5 per tradeLeverage WisunoFX offers a high leverage of 1:2000. Leverage allows traders to control larger positions than their own capital would permit. However, with greater leverage comes greater risks.Spreads WisunoFX offers floating spreads that vary based on the account class and currency.Account TypeEUR/USDGBP/USDUSD/CHFUSD/JPYUSD/CADAUD/USDXAU/USDXBR/USDUSD Cent1.01.21.41.91.22.53.7Standard 1.21.41.91.22.53.7ECN 00.50.30.51.5 In terms of commission, WisunoFX charges ECN account users $5 per trade.Trading Platform WisunoFX provides MT4 and MT5 as the trading platforms. MT4, short for MetaTrader 4, is a widely used electronic trading platform. It was released in 2005 and has since become one of the most popular platforms for forex trading and CFD (Contract for Difference) trading, especially among retail traders. MT5 is the successor to MT4. It offers a more comprehensive set of features compared to MT4, including additional timeframes, more technical indicators, and an integrated economic calendar.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced tradersMT4✔Desktop, Mobile, WebBeginnersDeposit and WithdrawalDepositDeposit MethodDeposit FeeMinimum DepositMaximum DepositDeposit TimeCryptocurrency (USDT)0$100No limitInstant to 1 dayLocal Payments (MYR, THB, VND, IDR)$25Varies by currencyElectronic Payment Systems (RMB)$200WithdrawalWithdrawal MethodWithdrawal FeeMinimum WithdrawalMaximum WithdrawalWithdrawal TimeCryptocurrency (USDT)0$100No limitWithin 24 hoursLocal Payments (MYR, THB, VND, IDR)$20Electronic Payment Systems (RMB)$200