Wisecapitalx.com Review – What you need to know about the broker?

WiseCapitalX Review

WiseCapitalX is a growing retail trading platform promising maximum asset protection via a series of safety features. Based on the broker’s words, all the necessary steps have been taken to ensure you can trade the financial markets with peace of mind. 

At first glance, it looks like asset coverage, account benefits and the technology used for the platform are the main advantages of working with WiseCapitalX. Let’s take them one by one and figure out whether this company deserves the credit. 

CFD trading

Traders need to know that this is another broker specializing in CFD trading. In terms of portfolio of assets, WiseCapitalX claims to provide over 1,800 instruments that are meant to help you diversify. 

Basically, you can buy/sell popular CFDs based on FX, equities, indices, commodities and crypto, all with a single trading account. If you want to know more about margin requirements, then you need to first choose an account. Maximum leverage ranges between 1:50 and 1:300 depending on the account. 

Another critical factor is that WiseCapitalX did its best to create an environment where traders engage with limited costs. The broker has a competitive tiering for spreads and swaps. Keep in mind that there are trading commissions charged. 

Technology

Once you hold an account with WiseCapitalX, the next natural step would be to get familiar with trading software. This online broker provides a web-based solution and a mobile app, both tailored for pros and beginners. 

Customers seem to appropriate these platforms, as the user interface is friendly and there are enough chart analysis tools. You don’t need advanced hardware to run them smoothly. When you want to trade on the go, the mobile app can help you with that. 

Account benefits

Deciding on the appropriate account depends on your trading goals, capital available and prior experience. Aware that traders come with different needs, WiseCapitalX provides four accounts:

• Basic
• Gold
• Platinum
• VIP

On one hand, the Basic account is meant for beginners or those who want to test the waters first without making a large initial deposit. Even at this stage, the broker grants access to a generous list of features.

You are constantly backed by an account manager and if you want to learn how to trade, the trading academy and daily news are great sources of information. Once you are confident enough to move on to a larger account, you will have to deposit more funds first. 

The broker designed the offer so seasoned traders with high expectations can be satisfied as well. A higher leverage, more competitive costs and premium market analysis content will be available in this case. 

Summary 

WiseCapitalX has what it takes and that’s the main reason why traders choose to open an account with this brand. The comprehensive bundle of trading benefits can help you experience the true benefits of financial markets. Although challenges do arise in this endeavor, if you are well-equipped to deal with them, the overall experience will be as expected.