In this section we will analyze the broker Wexness Banc (also called wexness.io), is a Forex and CFD broker. Is Wexness Banc really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed Wexness Banc. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Gozala Enterprise LTD.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: they do not mention being regulated. We believe that Wexness Banc is an unregulated broker.
If now we go on to analyze account types offered by Wexness Banc, we note that they offer 4 different types of account / plans: the Basic Account, the Trader Account, the Business Account and the Corporate Account. We leave an image with a little information about each type of account.
Basic Account- Minimum initial deposit of $ 100, spread from 1.3 pips, leverage up to 1: 100, advanced learning, account manager, bonus, 5 trading signals per week.
Trader Account- Minimum initial deposit of $ 1.000, spread from 1.1 pips, leverage up to 1:75, advanced learning, account manager, bonus up to 100%, 10 trading signals per week.
Business account- Minimum initial deposit of $ 10.000, spread from 0.9 pips, leverage up to 1:50, advanced learning, individual account manager, risk management webinar, 25% account insurance, up to 15 trading signals per week.
Corporate account- Minimum initial deposit of $ 100.000, spread from 0.9 pips, leverage up to 1:50, advanced learning, special account manager, risk management webinar, 25% account insurance, advanced analytics available.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Wexness Banc offers are: MT4 platform.
We will now analyze the different resources and aids for traders that Wexness Banc provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Wexness Banc provides the following aids or resources to traders or interested parties: some live charts, news of financial events of interest, FAQ section, really not much more than this.
| Other information about Wexness Bank |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +34-98-779-52-12
Email: [email protected]
>>> Assessment on Wexness Bank <<
Ending with this section, in our opinion Do we believe that Wexness Banc is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about Wexness Bank we really did not find any other reviews, which makes us think that it is a broker without a track record. We suggest using caution.
⛔ Attention ⛔ : in August 2020 CNMV added Wexness Bank to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV August 2020 warning ⚠️
⛔ Attention ⛔ : in February 2021 FMA (Austria) added Wexness Bank to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FMA February 2021 warning ⚠️
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.