Wexness Banc
Wexness Banc
Wexness Banc is a subsidiary of the Gozala Enterprise LTD brand. The company positions itself as the largest Forex broker, serving traders from 30 countries worldwide. Despite having an impressive client list, the company lacks regulatory documents and oversight. The broker is registered in the offshore territory of the island nation of Saint Vincent and the Grenadines. The company highlights the following as its competitive advantages: an innovative platform, intuitive interface, convenient deposit and withdrawal processes, and 24/5 customer support. The broker’s website is available in 3 languages, including Russian.
Trading Conditions of Wexness Banc
Potential clients can choose from the following tariff plans:
- Basic, with a minimum deposit of $100. Clients can benefit from spreads starting at 1.3 pips, leverage up to 1:1, access to advanced education, the option for joint trading with a manager, and 5 trading signals over 7 days.
- Trader, with a starting threshold of $1,000. The package includes 75 assets to invest in, leverage up to 1:75, spreads starting at 1.1 pips, and a welcome bonus of up to 100% on deposits. Traders also receive 10 trading signals per week.
- Business, with a deposit starting from $10,000. The package features leverage of 1:50, spreads from 0.9 pips, a 25% account insurance, 15 trading signals over 7 days, and access to a risk management webinar.
- Corporate, with an entry threshold of $100,000. The tariff includes access to all assets, spreads from 0.9 pips, leverage up to 1:25, bonuses up to 100%, 25% account insurance, and the option for extended analytics.
The broker advises to consider market capitalization, personal work experience, available tools, investment goals, and account trading costs before opening an account.
Deposits and Withdrawals at Wexness Banc
Potential clients can use the following payment channels: bank transfers, electronic payment systems, and bank cards. These systems allow for both deposits and withdrawals. Requests are processed within 4-7 business days. Broker commissions exist, but the company keeps them confidential. Due to anti-money laundering measures, profits can only be withdrawn using the same method used for depositing.
Conclusion
The broker offers a wide range of opportunities for clients. However, traders, regardless of their work experience, should be aware of the potential consequences of dealing with an unregulated broker. It is recommended to consult with a specialist to assess possible risks. Additionally, paying attention to the legal aspects of the website is crucial. These precautionary measures will help protect your funds.