Woxa
Rating: 2.5 / 5Woxa is a new broker, established in 2019, claiming 1,500 clients and referring to itself as a leading social trading broker. It offers traders a proprietary web-based platform and mobile app. Still, during my review, it only accepted traders from five Asian countries. I have reviewed this broker to evaluate its trading conditions. Is Woxa the right choice for your portfolio?
Woxa is a new broker, established in 2019, claiming 1,500 clients and referring to itself as a leading social trading broker. It offers traders a proprietary web-based platform and mobile app. Still, during my review, it only accepted traders from five Asian countries. I have reviewed this broker to evaluate its trading conditions. Is Woxa the right choice for your portfolio?
Broker Details
- Headquarters
- Mauritius
- Established
- 2019
- Min Deposit
- $25
- Regulators
- FSC Mauritius
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- 2.2 pips
- Min Forex Commission
- Commission-free
- Trading Hours
- Currency PairsSunday 22:00 - Friday 21:59CryptocurrenciesSunday 22:00 - Sunday 21:59CommoditiesSunday 22:00 - Sunday 21:59Crude OilSunday 22:00 - Sunday 21:59GoldSunday 22:00 - Sunday 21:59MetalsSunday 22:00 - Sunday 21:59Equity IndicesMonday 13:30 - Friday 20:00StocksMonday 13:30 - Friday 20:00ETFsMonday 13:30 - Friday 20:00
Accounts & Funding
- Funding Methods
- 2
- Deposit Options
- Credit CardsWire TransferDebit Cards
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit Cards
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 2.2 pips
- GBP/USD
- 5.4 pips
- Gold
- $0.23
- Bitcoin
- $28
- WTI Crude
- $0.03
Platform & Features
- Trading Platforms
- Proprietary platform, Web-based
Pros
- Commission-free long-only equity and ETF investments with fractional shares
- Well-balanced asset selection with maximum Forex leverage of 1:800
- $50 no-deposit bonus after passing KYC/AML
- Proprietary web-based trading platform and mobile app
Cons
- Only available in five Asian countries
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