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WXJTSS

United Kingdom|1-2 years|
Self-developed|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://wxjtssvip.com/

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info@wxjtssgroup.com
https://wxjtssvip.com/

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Danger

UK FCA
2024-02-19
WXJTSS GROUP
WXJTSS

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Company Name

WXJTSS GROUP CO., LTD

Abbreviation

WXJTSS

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0555446) claimed by this broker is suspected to be clone. Please be aware of the risk!

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WXJTSS · WikiFX Survey

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WXJTSS · Company Summary

Registered in China
Regulated by No effective regulation at this time
Year(s) of establishment Within one year
Trading instruments Forex pairs, stocks, cryptocurrencies and global indices and commodities
Minimum Initial Deposit Information not available
Maximum Leverage 1:400
Minimum spread Floating
Trading platform own platform: WXJTSS Trading Platform
Deposit and withdrawal method Information not available
Customer Service Email, live chat
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of WXJTSS

Pros:

  • Multiple trading instruments available, including forex, stocks, cryptocurrencies, and global indices and commodities.

  • Customized trading platform, which provides traders with easy access to trading and charting tools.

  • High maximum leverage of up to 1:400, which can increase potential profits for experienced traders.

  • Educational resources are available, including free demo accounts, step-by-step tutorials, webinars, local seminars, and economic calendars.

Cons:

  • Lack of regulation may raise concerns about the safety of traders' funds and the company's credibility.

  • Limited transparency about spreads and commissions, which makes it difficult for traders to compare costs with other brokers.

  • No information available on account types, minimum deposits, and deposit/withdrawal methods.

  • Limited languages available on the website may make it difficult for non-English and non-Chinese speaking traders to use the platform effectively.

  • No information available on the company's history and experience in the industry.

What type of broker is WXJTSS?

Advantages Disadvantages
WXJTSS offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, WXJTSS has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

WXJTSS is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, WXJTSS acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that WXJTSS has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with WXJTSS or any other MM broker.

General information and regulation of WXJTSS

WXJTSS is an unregulated forex broker that is registered in China. The company offers diversified trading opportunities in forex, stocks, cryptocurrencies, global indices, and commodities through its proprietary trading platform. The maximum leverage offered by the broker is up to 1:400. However, the company does not provide any information on spreads, commissions, deposits, and withdrawals. It offers a range of educational resources, but customer care is limited to English and traditional Chinese, with contact options being email and online chat.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Diversified trading opportunities across multiple asset classes Lack of specialization and expertise in a particular asset class
Ability to hedge against risk by spreading investments across different assets Increased complexity and need for wider market knowledge
Opportunity to benefit from multiple market trends and events Different asset classes may require different trading strategies and approaches
Potential for higher returns through successful trading across multiple assets Increased transaction costs and margin requirements when trading multiple assets simultaneously

WXJTSS offers a diverse range of trading opportunities across various asset classes, including forex, stocks, cryptocurrencies, global indices, and commodities. This means that traders have the flexibility to engage in diversified trading activities that suit their individual needs and preferences. One key advantage of trading multiple assets is the ability to hedge against risk by spreading investments across different markets. Additionally, traders can take advantage of different market trends and events across multiple asset classes, potentially leading to higher returns. However, trading across multiple assets also requires wider market knowledge and expertise, and may result in increased complexity and transaction costs.

market instruments

Spreads and commissions for trading with WXJTSS

Advantages Disadvantages
Wide variety of instruments for trading Lack of transparency on spreads and commissions
Opportunities for diversified trading Unclear information on trading costs
No information on hidden fees Inability to accurately estimate trading costs
Flexibility in conducting trades according to personal needs Possible surprise charges for traders

WXJTSS offers a diverse range of trading instruments, including forex, stocks, cryptocurrencies, and global indices and commodities, providing traders with opportunities for diversified trading activities. However, the broker lacks transparency when it comes to the spreads and commissions charged for trading, which could make it difficult for traders to estimate their trading costs. Furthermore, the broker does not provide clear information on hidden fees that may be charged. This lack of transparency may leave traders with uncertainty about the true cost of trading with WXJTSS. While the flexibility offered by the broker may be beneficial, traders must remain cautious of possible surprise charges that could arise during trading activities.

Trading accounts available in WXJTSS

Unfortunately, WXJTSS does not provide account information. In general, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the laws prohibiting interest in Islamic regions, some brokers also offer Islamic accounts without SWAPs.

Trading platform(s) that WXJTSS offers

Advantages Disadvantages
User-friendly Lack of third-party platform integration
Customizable Limited information available on platform features
Fast execution speed Limited information on platform security
Real-time market data Limited information on platform reliability
Advanced charting tools Limited information on platform compatibility

WXJTSS offers its own proprietary trading platform, the WXJTSS Trading Platform. The platform is user-friendly and customizable, with advanced charting tools and real-time market data to aid traders in making informed decisions. The platform also boasts fast execution speeds, which is crucial in the volatile forex market. However, there is limited information available on the platform's features, security, reliability, and compatibility. It's also important to note that the lack of third-party platform integration may limit traders' access to certain tools or services.

trading platform

Maximum leverage of WXJTSS

Advantages Disadvantages
Allows traders to increase potential profits with a smaller initial investment High leverage can also increase potential losses
Gives traders more flexibility in trading strategies Increased risk of margin calls and stop-outs
Attracts traders with limited capital who want to take larger positions Requires a higher level of risk management and trading discipline
Can lead to increased trading volumes and liquidity in the market Limited leverage options for traders who prefer lower risk trading strategies.

WXJTSS offers a maximum leverage of 1:400, which means that traders can potentially increase their profits by 400 times of their investment. High leverage is particularly attractive to traders who have limited capital or want to take larger positions. However, it is essential to note that high leverage comes with high risk, and traders need to have adequate risk management strategies in place to avoid significant losses. Traders should also be aware of the potential for margin calls and stop-outs when using high leverage, as these can quickly wipe out a trading account. Overall, while high leverage can be advantageous, traders should use it with caution and careful consideration of their risk tolerance and trading goals.

maximum leverage

Deposit and Withdrawal: methods and fees

As there is no information available about deposit and withdrawal methods, fees, processing times, or limits, it is difficult to evaluate this dimension of WXJTSS. The lack of transparency regarding these important aspects of trading with a broker may be a cause for concern for potential clients. Without this information, it is challenging to compare WXJTSS with other brokers or assess the convenience of their services. Furthermore, there may be hidden costs or uncertainty regarding transaction processing. Overall, it is essential for brokers to provide detailed information about their deposit and withdrawal methods, fees, processing times, and limits to build trust with their clients.

Educational resources in WXJTSS

Advantages Disadvantages
Free demo account allows traders to practice with virtual funds Lack of information on the quality of the educational resources
Step by step tutorial and articles provide beginners with basic knowledge of trading Limited availability of webinars and local seminars
Webinars and local seminars offer opportunities for traders to learn from experts No information on the frequency of webinars and local seminars
Account managers provide personalized guidance and support Information on the qualification and experience of account managers not provided
Economic calendar helps traders stay up to date with market events No information on the source and reliability of the economic calendar

WXJTSS offers a range of educational resources to help traders improve their trading skills and knowledge. A free demo account allows traders to practice without risking their own funds, while step by step tutorials and articles provide beginners with basic knowledge of trading. Webinars and local seminars offer opportunities for traders to learn from experts, and account managers provide personalized guidance and support. Additionally, an economic calendar helps traders stay up to date with market events. However, there is limited information on the quality and frequency of the educational resources, the qualification and experience of account managers, and the source and reliability of the economic calendar.

Customer service of WXJTSS

Advantages Disadvantages
Multiple language support in English and traditional Chinese No phone support is available
Multiple communication channels including email and online chat Limited information about the availability of customer support
Response time for customer queries is relatively fast No information on customer service hours of operation

WXJTSS offers multiple communication channels for customer support, including email and online chat. The support team is available in English and traditional Chinese to cater to the needs of their clients. While there is no phone support available, the response time for customer queries is relatively fast. However, there is limited information about the availability of customer support, and no information is provided about the customer service hours of operation. Overall, while the support provided by WXJTSS could be improved, the multiple communication channels and fast response time are notable advantages.

Conclusion

n conclusion, WXJTSS is an unregulated forex broker based in China. It offers a variety of trading instruments, including forex, stocks, cryptocurrencies, and indices, and provides a proprietary trading platform for its clients. The company offers a high maximum leverage of up to 1:400, but lacks transparency regarding spreads, commissions, and deposit/withdrawal methods. Educational resources are available, including a free demo account, webinars, articles, and an economic calendar. However, customer support is limited to English and traditional Chinese language options, email and online chat. Overall, while WXJTSS offers a range of services and products, the lack of transparency and regulation may be a concern for potential traders. It is important for traders to conduct thorough research and due diligence before investing with any broker, particularly with an unregulated one.

Frequently asked questions about WXJTSS

  • Question: Is WXJTSS a regulated Forex broker?

  • Answer: No, WXJTSS is not regulated by any major financial regulatory authority.

  • Question: What trading instruments does WXJTSS offer?

  • Answer: WXJTSS offers Forex, stocks, cryptocurrencies, global indices and commodities for trading.

  • Question: What is the maximum leverage offered by WXJTSS?

  • Answer: The maximum leverage offered by WXJTSS is up to 1:400.

  • Question: Does WXJTSS offer a demo account?

  • Answer: Yes, WXJTSS offers a free demo account for interested traders to practice trading without risking real money.

  • Question: What trading platform does WXJTSS use?

  • Answer: WXJTSS uses its own trading platform called the WXJTSS Trading Platform.

  • Question: What are the deposit and withdrawal options available at WXJTSS?

  • Answer: Unfortunately, there is no information available on the deposit and withdrawal options offered by WXJTSS.

  • Question: Does WXJTSS offer any educational resources for traders?

  • Answer: Yes, WXJTSS offers a range of educational resources such as step by step tutorials, articles, webinars, local seminars, an economic calendar and the services of an account manager.

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Beatery
more than one year
WXJTSS offers a user-friendly and advanced trading platform that's packed with features to help traders make informed decisions. Plus, they have a range of account types to suit different trading styles and budgets.
2024-07-11 18:41
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Brian Lewis
more than one year
While WXJTSS seems user-friendly, their selection of assets feels limited compared to other brokers I've used, not be ideal for investors seeking a wider variety.
2024-06-28 14:02
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Ryan Chai
more than one year
The best support and reduced fees, without doubt, one of the best platform to invest/trade.
2024-06-21 10:12
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0
FX1638910292
more than one year
Working with WXJTSS was the dumbest decision I ever made. Depositing money with them was quick and easy, but after several months of trying, I couldn't withdraw a dime. Guys, find a way to save your money elsewhere.
2024-03-08 19:00
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0
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FX1466340058
more than one year
I had a terrible experience with WXJTSS! The trading platform was a complete mess and I struggled to navigate it. The customer service team was not professional at all and didn't seem to have any knowledge about trading. On top of that, the spread was ridiculously high which made trading quite costly. I also experienced a lot of slippage which resulted in significant losses. To make matters worse, I tried to download the platform multiple times but it just wouldn't work.
2023-04-26 09:19
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0
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FX1479526564
more than one year
Just a new broker...no regulatory license...no safe guarantee... Their high leverage may seem attractive, but it's just not worth the risk when you're dealing with an unregulated broker. And their own WXJTSS Trading Platform is not well-known and may not be reliable. And there's no phone support, which can be frustrating if you need to get in touch with them quickly. Pls, there are much better options out there! Don't waste your time with WXJTSS!!
2023-04-25 14:15
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Yurio
more than one year
Amazing trading platform! Very helpful beginners' guide and demo accounts! Their live chat support is also pretty good! But there are definitely some concerns... Their website is out-of-date and lacks a lot of important information... There's just no information available on accounts, spreads, fees, and payment methods. It's hard to feel confident when you don't know what you're getting into. If you're considering WXJTSS, just be aware of the risks and proceed with caution!
2023-04-25 14:14
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0
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Ha Phuong Tran
more than one year
I've traded with WXJTSS and I have to say, the high leverage options available here are perfect for someone like me who loves taking risks. The customer service is top-notch, and the representatives are always friendly and helpful. However, there are times when I've experienced some frustrating slippage issues that have impacted my trades. Despite this, I still enjoy trading with WXJTSS and feel that the benefits of high leverage outweigh the occasional slippage issues.
2023-04-25 12:33
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