WasixCap Review: WasixCap.com Unprofitable Scheme

WasixCap is another crypto company we believe to be dangerous. The entity is also trading in commodities, stocks, and forex. The broker claims to have over 500K existing customers. Our biggest question is how the scheme could attract so much audience in a short timeframe.

Usually, it takes time before a platform garners up such numbers. The entity is new in the market, and the traffic visiting the website is minimal. Therefore, there is a high likelihood the platform is using false data. 

Furthermore, wasixcap.com fails to feature past trading results. Without evidence of trading activities, we cannot endorse the platform. Genuine companies should present audited trading performances. 

To become a member, you must verify your account. The majority of these brokers require your ID and proof of address. It is dangerous to share such critical data, especially with anonymous people. These are criminals, and your information will be used against you.

Ensure you stick to legitimate crypto companies in the market. These are reputable and sound platforms dedicated to offering professional services. You can improve your trading skills while earning real-time returns. 

WasixCap.com Review

The platform states the deposit and withdrawal process is smooth. Once you complete the registration process, you can start generating returns. The company’s main purpose is to elevate traders’ experience. For the duration the scheme has been in the industry, they have empowered many investors. 

We were hoping to see an endorsement from existing traders. However, there is no single verified customer review. Signing up with WasixCap would be a blind move. You should at least know what to expect from a company. And there is no better way than going through testimonials to get first-hand experience with other people. 

The venture claims to have the best security protocol. However, the only thing provided is a DDoS and SSL certificate. The document can only protect traders’ data from landing in hackers’ hands. However, this should be the least of your worries. Considering you are willingly sharing your information with notorious criminals. 

As far as we know, you won’t get fund safety from a rogue scheme. The venture is unregulated and provides false information. Stay away from the advertised trading conditions. You will lose more than what is promised. 

Trading Conditions and Platform

WasixCap claims to be offering a reputable MT5 interface. We didn’t test the tool as we wouldn’t risk giving the shady firm access to our personal data. However, you should also note the firm mentions having a web-traders. It is, therefore, hard to know what exactly the platform provides.

The majority of fraudsters prefer using a web trader. The reason is that it is easy to manipulate the market price using the interface. The basic account accepts a minimum deposit of $1500, which is outrageous. Especially when you consider there are no advanced features. 

The entity has an investment calculator that helps you know how much profit you can earn. The ROI is unrealistic, and we believe the scheme is only trying to lure in innocent traders. There is no proof of payment. 

There are many genuine investment companies accepting as low as $10. Information pertaining to the spread is also missing. Leaving out such critical data is unheard of, and legitimate companies step up to the game. There are many transparent firms offering a tight spread of 1 pip and below. 

WasixCap leverage for major assets falls between 1:25. The cap is unprofitable. Legitimate firms provide leverage of 1:30 or 1:50. You can work with that as the risks are minimal. Additionally, the trading environment is conducive. High leverage is available for expert traders. 

WasixCap Withdrawal and Deposits 

WasixCap fails to disclose available payment methods. Usually, most companies accept funding via Bank Wire, PayPal, Credit Card, and e-wallets. Another thing we noticed is the withdrawal requirements were missing. 

We are unaware of how long the entity will process traders’ withdrawals. Also, we do not know if there are any applicable charges. This is no mistake but a common tactic with shady companies. Offshore firms don’t intend to release investors’ funds. 

They may also entice you with bonuses. Most people don’t know that the money offered as bonuses legally belongs to the platform. Therefore, the entity may not subject traders to unfavorable terms. 

You must meet absurd trading volumes to cash out. Failure to observe the rules will cause your cash to be trapped in their system. Another thing offshore companies thrive at is overcharging traders on withdrawal. They inflict percentage form fees which are extremely high. 

WasixCap does not offer negative account balance protection. Therefore, you could lose more money than what you initially deposited. Stay away from the platform while you still can. We recommend looking for transparent brokers. 

Customer Support and Contact Details

WasixCap has an office address indicating they are operating from Geneva, Switzerland. There is no way this shady scheme can afford to set up offices in the region. Additionally, this being a scam, they cannot risk exposing their actual location. Doing so would make the authority and their victims come after them. 

There are many phone numbers on the website featuring different country codes. Unfortunately, fraudsters are only responsive when they need more cash. Once they realize you have run broker, they cut all communication. These phone numbers are VoIP. Hence, they deactivate them once their operation is exposed.

The broker is being run by anonymous individuals. We do not know what qualifications they have to be offering investment services. Nonetheless, we doubt they are capable of delivering the promised returns. Ensure the ownership information of the broker you wish to pursue is readily available.

To enjoy professional and ethical customer support services trade with legitimate companies. The team usually responds in time and resolves the matter in the blink of an eye. You may even visit the broker’s offices or interact with the support on social media platforms.

Regulation Status of WasixCap

The company claims to have a license from reputable financial bodies. One of them is the Swiss agency. However, an entity should deposit 20 million CHF capital to operate legally in the country. We decided to check on the regulator list of legitimate firms, and as expected, WasixCap is nowhere to be seen. 

The platform is illegally accepting traders from Canada, the United Kingdom, Australia, Germany, and Spain. These countries have strict rules for brokers. For instance, companies must report daily transactional history. The process helps to keep watch of what is happening behind closed doors. 

WasixCap lacks a terms and conditions policy. Therefore, the scheme could inflict hidden terms or violate traders’ rights. Unfortunately, nobody would come to your rescue when this happen. Offshore schemes are unregulated and break the rules knowing they are untraceable. 

These schemes also work with reputable financial institutions. The accounts of traders are segregated from those of the broker. WasixCap is an offshore scheme operating from God knows where. These individuals are willingly violating the law. Hence, do not expect them to treat you ethically.  

Final Verdict

WasixCap is an unregulated broker. We cannot endorse the company as a genuine trading partner. There is also no demo account. Therefore, investors cannot familiarize themselves with the trading activities. 

The scheme is also using a fake address. Do not expect professional customer support services from an offshore scheme. Invest with legitimate crypto companies in the industry. These are brokers with clear terms and conditions. 

 

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