Wixi is a new unlicensed offshore CFD Broker, that opened recently on July 21st 2022. After they were exposed by the FCA, they shut down their website, and a new one popped up.
They say they are officially owned by a company called Wixi Inc, but they offer no address of their offices. They may be located in Saint Vincent and Grenadines, but there is no way of knowing for sure.
Contact phone number is: +442080973880. Whatsapp support is at: +447361596529. Customer support email address is: [email protected]. Official website & login is at: https://Wixi.io – https://Wixi.co/.
For complaints or withdrawal problems, read more here.
Wixi Broker Reviews
Our review of this new broker called Wixi was pretty easy to do, as there are many other white label companies using the same platform. The trading app they are offering investors is called Panda TS, and a quick search of our website will find many other brokers that are using this platform.
It is only available as a web-based CFD trading platform. You will not find a mobile trading app, and you will not be able to use MT4. Take a look at the screenshot below, and you will see what the crypto trading app looks like.
You will find that they offer you hundreds of underlying assets available for CFD trading. CFD trading is broken down into these categories; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes.
Wixi.co’s website and trading platform is available in English. They officially offer five different account types, and the starting minimum deposit requirement amount is a whopping $500. The base currency is set to USD by default, with no ability to change the account currency to EUR. Leverage / Margin trading is available with rates as between 1:100 and 1:600 depending on your account type.
Depositing into your account is only available to do via sending Bitcoin. The big problem with using Bitcoin is there is no banking protection, and the transaction cannot be reversed.
Is Wixi a Licensed Broker?
No, Wixi is not a licensed or regulated broker. They are just another offshore broker with no regulatory oversight. A few days after we exposed this broker, the FCA in the United Kingdom also warned investors to stay away, see here.
The Scam Broker Investigator has been reviewing brokers since 2013, and more than 380 of them already disappeared. Our proven method when reviewing a new trading broker to see if they are a legitimate or a scam broker is straight forward. We check to see if the broker is licensed and regulated by the governments regulatory agency.
All online brokers in the United Kingdom must be licensed and regulated by the FCA. Each country has a financial regulatory agency to monitor online brokers. You can choose to send your money to an offshore broker, but just don’t expect to get it back.
Go look at the regulated CFD brokers that are listed here.
Quantum Code Trading App
90% of newbie investors today get hooked into investing via a trading app like Quantum Code. Just like you, we also found this new broker, because we took the bait and signed up for Quantum Code. The problem with these fake trading apps is, that most of them don’t make money, and you lose your investment fast.
Fake news websites advertise these trading apps, and illegally use the names of trusted money experts like Martin Lewis.
Take a few minutes and educate yourself on the pitfalls of using an automated trading apps, read this.
Find a Regulated Broker
You have so many online brokers to choose from today, and therefore, you should look at the most popular licensed brokers.
ForTrade is a regulated broker that many investors are using today. They give you Trading Signals, MT4 an intuitive trading platform. They are regulated in Europe, Canada and Australia.
Open a Free Trading Account, Signup here.
If you are an existing investor at Wixi, please share your experience in the comments.