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Wasixcap Review

Table Of Contents

Table Of Contents

Wasixcap Logo
🌐 Website wasixcap.com
🏠 Company Wasixcap
📌 Address 1202 Geneva, Rue de Pré-de-la-Bichette, Switzerland
☎️ Phone +447868816795 +14388044448 +61741915649 +32460215078 +34930309274
📧 Email support@wasixcap.com
⚖️ Regulation  Unregulated, Blacklisted

Introduction

In an era where online trading platforms are readily accessible, the importance of identifying genuine and regulated brokers has never been more vital.

Wasixcap presents itself as a notable trading platform; however, critical examination reveals alarming inconsistencies and red flags.

This review will provide a comprehensive analysis of Wasixcap, including its background, offerings, regulatory status, and customer feedback.

Wasixcap Details

Wasixcap is an online trading broker, but the company behind it remains anonymous. Its stated location is at 1202 Geneva, Rue de Pré-de-la-Bichette, Switzerland.

For inquiries or support, Wasixcap’s team can be contacted through the following phone numbers: +447868816795, +14388044448, +61741915649, +32460215078, +34930309274, or via email at support@wasixcap.com.

The official website for Wasixcap is accessible at wasixcap.com.

Given the anonymity of the company, it is especially important to approach Wasixcap with caution and undertake extensive research before considering engagement with this or any other online trading platform.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: OptiCapital and FXP360.

Background and Location

Wasixcap_contact

Wasixcap portrays itself as a broker based in Switzerland, providing an address and some contact details on their website. However, there’s a conspicuous absence of concrete information about the company entity behind Wasixcap or a specific regulation number.

This anonymity sets a concerning tone and raises serious questions about the legitimacy and accountability of the broker.

Regulatory Concerns

For a brokerage to operate legally in Switzerland, it must hold a license issued by The Swiss Financial Market Supervisory Authority (FINMA). Wasixcap’s claims about its Swiss location require careful scrutiny as they fail to provide evidence of such a license.

Adding to this concern, FINMA has issued a warning against Wasixcap. This warning serves as clear evidence that Wasixcap is unregulated, and it raises serious doubts about the company’s claim to be located in Switzerland, making it more likely that they are not based there.

Wasixcap_FINMA_warning

Furthermore, regulatory bodies in various jurisdictions have also expressed caution regarding this broker, pointing to a pattern of questionable practices.

These include authorities from Canada, such as the British Columbia Securities Commission (BCSC) and the Ontario Securities Commission (OSC), as well as the Dutch Authority for the Financial Markets (AFM) in the Netherlands. Their warnings add to the concerns surrounding Wasixcap and emphasize the need for potential investors to approach with caution.

Wasixcap_BCSC_warningWasixcap_AFM_warning

The Importance of Trading with Regulated Brokers

Choosing to trade with an unregulated broker like Wasixcap is perilous. Without regulatory oversight, investors are exposed to potential fraud, unethical practices, and an absence of legal recourse in case of disputes.

Regulatory bodies serve to protect investors by ensuring brokers adhere to legal and ethical standards. The lack of regulation with Wasixcap thus stands as a serious concern for anyone considering engaging with this broker.

Services and Offerings

Wasixcap offers various trading assets, including:

  • Forex (More than 50 pairs of currency)
  • Commodities (Energies, Agriculture, Mineral, Forestry)
  • Indices (Mainstream indices)
  • Stocks (Access to thousands of shares and counting)
  • Cryptocurrency (Access the mainstream coins and altcoins)

Account Types

The platform provides five distinct account types:

Wasixcap_accounts

  • Basic: Minimum Deposit $1,500, leverage 1:25
  • Silver: Minimum Deposit $25,000, leverage 1:25
  • Gold: Minimum Deposit $50,000, leverage 1:25
  • Platinum: Minimum Deposit $150,000, leverage 1:100
  • VIP: Not provided information about the minimum deposit, Leverage 1:200

Poor Terms and Conditions

Wasixcap’s terms and conditions are critically deficient in information about the company details, withdrawal process, governing law, and taxes. Such omissions are not just unprofessional but also legally precarious for potential clients.

Customer Feedback

Customer reviews available on platforms like Trustpilot are predominantly negative, with many individuals claiming to have been scammed by Wasixcap. These first-hand experiences are strong indicators of the broker’s questionable integrity and reliability.

Conclusion

Wasixcap’s offerings are marred by red flags, including regulatory warnings, the absence of clear company identification, dubious terms and conditions, and alarming customer feedback. Prospective investors must approach this platform with caution and consider more reputable, regulated alternatives for trading.

The world of online trading presents both opportunities and risks. Wasixcap serves as a poignant example of the importance of due diligence and cautious evaluation when selecting a broker to ensure a secure and successful trading experience.

Got Scammed by Wasixcap?

If you have lost money with Wasixcap, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.

5 Simple Steps To Get A Chargeback From Wasixcap

Follow our straightforward guide to efficiently reclaim your lost funds from Wasixcap with minimal hassle.

  1. Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with Wasixcap and prepare for the consultation.
  2. Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from Wasixcap.
  3. In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
  4. Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
  5. Fee Payment: Upon successful recovery of your funds lost to Wasixcap, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.

Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from Wasixcap with minimal inconvenience.

FAQs

Is Wasixcap a regulated broker?

No, Wasixcap does not have a license from FINMA or any other known regulatory body, and warnings have been issued against it.

What types of accounts does Wasixcap offer?

Wasixcap offers Basic, Silver, Gold, Platinum, and VIP accounts with varying minimum deposits and leverage.

What are the main concerns with Wasixcap?

The main concerns include a lack of regulation, vague terms and conditions, absence of clear company identification, and negative customer feedback.

Is it safe to trade with Wasixcap?

Considering the various red flags and warnings from regulatory bodies, trading with Wasixcap is not recommended.

Where can I find more information about brokers?

Investigating platforms like Trustpilot and regulatory body websites can provide valuable insights into brokers, including customer reviews and regulatory status.

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  1. I lost money i can’t remember how much was but it was less than 5000