WOXA Forex Broker

WOXA LTD Review SummaryFounded2005Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsStocks, cryptos, currencies, commoditiesDemo Account/Islamic Account✅Leverage1:400EUR/USD Spread0.6 pips (minimum spread)0.8 pips (average spread)Trading PlatformWOXA APP, web traderCopy/Social Trading✅Min Deposit/Customer SupportLive chatEmail: support@woxa.comRegional RestrictionsThe European Union, United Kingdom, Cuba, Myanmar, Turkey, Japan, Singapore, New Zealand, Poland, Canada, Iran, North Korea, and the United States WOXA LTD was registered in 2005 in Saint Vincent and the Grenadines, specializing in the stock, crypto, currency, and commodity markets. It uses its own trading platform, which is available on mobile and web devices. However, it is not regulated, and it does not provide services for residents in certain areas.Pros and ConsPros Cons Long operation timeNo regulationIslamic accounts providedNo MT4 or MT5Tight EUR/USD spreadUnclear payment methodsCopy trading servicesRegional restrictionsLive chat supportIs WOXA LTD Legit? No, it is not regulated by the financial services regulatory authority in Sait Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that activities such as client transferring and updating are prohibited. Please note the potential risks!What Can I Trade on WOXA LTD?Tradable Instruments Supported Currencies✔Commodities✔Stocks✔Cryptos✔Indices❌Bonds❌Options❌ETFs❌Leverage/Spread The leverage is variable depending on the types of products. Customers need to consider carefully, because high leverage is likely to bring high potential risks. Take different currency pairs for example.Currency PairsMin SpreadAvg SpreadleverageEUR/USD0.6 pips0.8 pips1:400AUD/CAD2 pips2.2 pips1:50EUR/JPY1.4 pips1.6 pips1:200Trading Platform WOXA LTD uses its own trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWOXA✔PC, web, mobile/MT4❌/BeginnersMT5❌/Experienced tradersSocial Trading WOXA provides social trading services. On its platform, customers can share their trading experiences and learn from some of the top traders.