Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

WIFX

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.wifx.com/en

Website

Rating Index

Regulation 2.69 Tech 4.61 Reputation 4.57 Business 7.11 Risk Control 2.81
2.07

Contact

+447770170000
https://www.wifx.com/en
19/21 Junction Road Totton Southampton Hampshire SO40 9HG UNITED KINGDOM
Forex License
Anomalies 1

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom United Kingdom
Operating Period
5-10 years
Company Name
Widelist Investments Limited
Email
support@wifx.com
Contact Number
+447770170000
Account Info
Verified Site
Relationship Map
Related Companies
About Us
Wiki Q&A
User Feedback

Compare with Platforms Similar to WIFX

Harmovest Capital
Harmovest Capital
6.46/10
Regulatory License3
Minimum Deposit--
MT4/5Supported
Details
LLA Markets
LLA Markets
4.08/10
Regulatory License1
Minimum Deposit$500
MT4/5Supported
Details
EC markets
EC markets
8.95/10
Regulatory License5
Minimum Deposit$10
MT4/5Supported
OANDA
OANDA
8.86/10
Regulatory License7
Minimum DepositUS$20,000
MT4/5Supported
CMC MARKETS
CMC MARKETS
8.84/10
Regulatory License6
Minimum Deposit--
MT4/5Supported
FOREX.com
FOREX.com
8.82/10
Regulatory License7
Minimum Deposit--
MT4/5Supported
XM
XM
8.82/10
Regulatory License7
Minimum Deposit$5
MT4/5Supported
IG
IG
8.82/10
Regulatory License7
Minimum Deposit--
MT4/5Supported

Verified Site
模块说明(前端未翻译)

  • wifx.com
    104.238.125.169
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
WIFX

Related Companies

WIDELIST INVESTMENTS LIMITED(United Kingdom)
United Kingdom
WIDELIST INVESTMENTS LIMITED(United Kingdom)
Active
United Kingdom
Registration No. 02392299
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

Note: WIFX's official website: https://www.wifx.com/en is currently inaccessible normally.

WIFX Information

WIFX was registered on Jul 19, 2001 by in the United Kingdom. The company claims to provide more than 1200 market instruments to traders, including forex, CFDs on indices, commodities, stocks, metals and energies. It offers spreads are as low as 0.4 pips and leverage up to 1:999. Available trading platforms are the renowned MT4, MT5 and its proprietary WIFX Webtrader.

The broker offers four account types: Micro Account and Standard Account with minimum deposit $5 with base currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR; to go further, WIFX Ultra Low Account requires minimum deposit of $50 and less base currencies EUR, USD, GBP, AUD, ZAR, SGD; Shares Account requires minimum deposit of $10,000 and base currency USD.

However, the company does not provide services to residents of certain countries such as the United States of America, Israel, Canada and Iran.

You can contact the company at email: support@wifx.com and telephone +447770170000. The company claims FCA regulation but its license with number 145829 is suspected to be fake clone.

WIFX's homepage

Is WIFX Legit?

Financial Conduct Authority (FCA)
Current StatusSuspicious Clone
Regulated by United Kingdom
License TypeInvestment Advisory License
License No.145829
Licensed InstitutionWidelist Investments Limited

WIFX claims to operate under FCA (Financial Conduct Authority) regulation with license no. 145829. However, the license is suspected to be fake clone, which raises questions about the company's legitimacy and reliability.

Downsides of WIFX

Unavailable website: WIFX's website cannot be opened currently, which makes traders without valid access to its services.

Regulatory concerns: The suspected FCA clone status of the broker indicates less customer protections and compliance to industry standards. It is a warning signal.

Report of withdrawal issues on WikiFX: A report of withdrawal issues on WikiFX indicates possible difficulties withdrawing your profits to your own bank account when trading with this broker.

Negative WIFX Reviews on WikiFX

Cant withdraw exposure

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Below are the details of the exposure of withdrawal issue of this company:

ClassificationWithdrawal issues
Date2021-09-15
Post CountryNigeria

A Nigerian investor reported that he couldn't find the withdraw button on the platform to withdraw or transfer his coin which worth millions of naira.

Conclusion

In conclusion, though the company offers a wide range of financial instruments, tiered accounts for varying experience levels and the reputable MT4 and MT5 trading platfroms, the downsides overwhelm pros, making it a less preferable choice for traders. Its suspicious fake clone FCA regulatory status, inaccessible website and exposure of withdrawal difficulties raise questions about its legality, reliability and credibility. You should choose well-regulated platforms with full transparency and decent customer protection instead.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is WIFX safe and reliable?

WikiFX assessment indicates that WIFX has a core score of 2.07 and a regulatory status of Not Regulated. The brand is associated with Widelist Investments Limited, and the available license information includes an FCA Securities Transmission (RTO) item listed under Anomalies with Unverified status for WIDELIST INVESTMENTS LIMITED, rather than a verified Forex license. Regulatory protection, if any, would depend on the specific legal entity, license status, product, and client jurisdiction. On this basis, WIFX should be assessed with caution, and users should independently verify the relevant entity and applicable protections before relying on the brand's safety or reliability.

10-19
United States

Is WIFX regulated?

According to WikiFX data, WIFX is classified as Not Regulated. The available license information does not list any active Forex License items. There is an FCA Securities Transmission (RTO) entry for WIDELIST INVESTMENTS LIMITED under Anomalies, with an Unverified status and regulation number 145829. This item is not shown as a verified regulatory license, so regulatory status should not be assumed for the WIFX brand or any related entity.

10-19
United States

What is the minimum deposit of WIFX?

According to WikiFX account data, WIFX lists four account types with different entry conditions: Standard Account and Micro Account each list a $5 entry condition; WIFX Ultra Low Account lists a $50 entry condition; and Shares Account lists a $10,000 entry condition. The lowest listed minimum deposit is therefore $5, based on the Standard and Micro accounts.

10-19
United States

Does WIFX support MT4 or MT5?

According to WikiFX account data, WIFX's Micro Account references MT4 and MT5 in its minimum lot information: 0.01 lots on MT4 and 0.1 lots on MT5. This indicates that the available account information references both MT4 and MT5, though further platform details are not specified in the available WikiFX account information.

10-19
United States
View More
Feedback
2
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com