WiseCapitalX Review 2023 – Another legit online broker?

Introducing WiseCapitalX

WiseCapitalX claims to be a leading online trading broker where customers have access to a broad range of instruments. Trading is available commission-free and using an award-winning web platform and mobile app. 

Beginning a new trading journey with this brand seems to be accessible, so it shouldn’t be surprising to see traders wanting to find out more about the offer. If that’s the case for you as well, our WiseCapitalX review will act as an appropriate introduction. 

Markets

Based on the information shared by the brokerage, traders have access to over 1,800 assets, ranging from popular markets. Of course, it’s about the usual suspects like FX, stocks, indices, commodities and cryptocurrencies. 

As already mentioned, costs are attractive because there are no commissions. You only need to pay the spread when you want to place a trade. Additionally, the swap will only be charged when you want to hold positions open overnight. Some of the instruments carry a positive swap, meaning you generate extra returns when keeping trades open for longer. 

If you are interested in trade execution, it looks like WiseCapitalX took care of that as well. The heavy lifting is done by the web platform and mobile app. These solutions are meant to create a smooth trading experience on any device you might want to use. 

Accounts

WiseCapitalX is a broker for the wider public and that stems from its diverse account offering. Traders wanting to sign up can choose between Basic, Gold, Platinum and VIP accounts. Those able to deposit up to $10,000 qualify for the Basic account, hence will get the following features:

• 1:50 leverage
• Daily news
• Trading academy
• Weekly market reviews
• Support from an account manager
• Weekly portfolio progress report
• Loyalty points

At first glance, this isn’t a bad offer at all, since you need limited funding. Once you qualify for a larger account, trading conditions improve meaningfully. Access to live stream webinars, account monitoring, swap discounts and tighter spreads are just some of the advantages. 

Speaking of funding, WiseCapitalX supports a variety of convenient payment solutions. The list includes credit or debit cards, as well as bank wires. The broker does not charge any deposit-related fees, yet you should be aware that third parties might have their own costs. 

Safety of funds

When dealing with a broker that is not yet mainstream, traders are curious to find out whether their funds are safe. That seems to be the case with WiseCapitalX since the company uses SSL encryption and account segregation via Tier 1 banks. 

It also has a transparent privacy policy, showing a clear list of rules on how customer personal data is processed and handled. All of these suggest this brand works in the best interest of its traders. 

Bottom line 

WiseCapitalX is a gateway to the financial markets accessible for any trader out there. That is possible thanks to the hard work put in by a dedicated team of experts. The brand has a competitive trading offer that focuses on simplicity, security and user convenience. You want to hold these edges when trading in a challenging environment.