Wizifx Forex Broker

Note: Wizifx's official website: https://wizifx.co.uk/ is currently inaccessible normally.WizifxReview SummaryFounded2022Registered Country/RegionChinaRegulationNot regulatedMarket InstrumentsForex, Cryptocurrencies, Global Indices, Precious Metals, Commodities, CFDs on SharesDemo Account/LeverageUp to 1:1000SpreadFrom 1.5 pipsTrading PlatformWizifx trading platformMin Deposit$100Customer 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.Pros and ConsPros Cons Various trading assetsWide spreadsMultiple account typesNo MT4/5Limited contact channelsNot regulatedIs 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 TypeMinimum DepositStandard$100Star VIP$2000ECN Pro$500Premium$300Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5❌/Experienced tradersWizifx trading platform✔PC, web browsers, and mobileExperienced tradersDeposit and Withdrawal Wizifx can deposit and withdraw through electronic payment systems and bank cards, and the minimum deposit is $100.