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Wasixcap

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Operating status: SCAM

Website: https://wasixcap.com/

Broker violations and abnormal records
  • 2023-04-16 The regulator BCSC issued a warning against Wasixcap

    On April 17, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Wasixcap, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/wasixcap

    On April 17, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Wasixcap, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/wasixcap
  • 2023-04-18 BrokersView has reviewed that Wasixcap is an unregulated broker

    Wasixcap provides zero details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. While looking through its website, we noticed that it purported to be located in Switzerland where the financial regulator is the Swiss Financial Market Supervisory Authority (FINMA). Brokers operating in this country must obtain authorization from this regulatory body. However, our search for Wasixcap in the registry of FINMA didn't yield any results.

    In addition, the British Columbia Securities Commission (BCSC) has issued a warning against Wasixcap, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.

    In essence, Wasixcap is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Wasixcap provides zero details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. While looking through its website, we noticed that it purported to be located in Switzerland where the financial regulator is the Swiss Financial Market Supervisory Authority (FINMA). Brokers operating in this country must obtain authorization from this regulatory body. However, our search for Wasixcap in the registry of FINMA didn't yield any results.In addition, the British Columbia Securities Commission (BCSC) has issued a warning against Wasixcap, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.In essence, Wasixcap is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-06-27 The Swiss FINMA issued a warning against Wasixcap

    On June 28, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Wasixcap, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/wasixcap/

    On June 28, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Wasixcap, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/wasixcap/
  • 2023-08-02 The OSC issues a warning against WASIXCAP

    On August 3, 2023, the Ontario Securities Commission (OSC) issued a warning against WASIXCAP, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/wasixcap

    On August 3, 2023, the Ontario Securities Commission (OSC) issued a warning against WASIXCAP, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/wasixcap
  • 2023-11-08 The FCA issues a warning against Wasixcap

    On November 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Wasixcap, classifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/wasixcap 

    On November 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Wasixcap, classifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/wasixcap

Related Complaints

Q&A

My manager asked me to wait for my withdrawal but it's been a few days. Am I been scammed?

Sani Abdullah
Serbia
2023-04-24
ANSWER Wasixcap is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.Wasixcap provides zero details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. While looking through its website, we noticed that it purported to be located in Switzerland where the financial regulator is the Swiss Financial Market Supervisory Authority (FINMA). Brokers operating in this country must obtain authorization from this regulatory body. However, our search for Wasixcap in the registry of FINMA didn't yield any results. In addition, the British Columbia Securities Commission (BCSC) has issued a warning against Wasixcap, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. You can check the full warning here.Regarding your question, the real reason why your withdrawal request remains pending is probably that this is a usual ploy used by scammers in their attempts to stealing your money. Wasixcap is a scam, and entrusting this broker with your funds is highly risky as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like Wasixcap and opt for fully regulated ones instead.
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