Investing in the stocks of companies headquartered in foreign countries can help traders diversify their holdings, hedge against potential losses, and obtain exposure to economic development in regions other than their own. Most multinational equities, on the other hand, need just their people to invest. Isn't it preferable to be able to trade stocks or other instruments from all over the world with a few mouse clicks? Woxa is a social trading platform that is at the forefront of its industry. This is due to the fact that it allows users to trade CFDs on a wide range of underlying assets, such as currencies, cryptocurrencies, commodities, international stocks, and ETFs.
Woxa is a social trading platform that was founded in 2019. WOXA.COM is run by WOXA LTD, which is regulated by the Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License and a registered address at 30 St Georges Street 3rd Floor, Manor House, Port Louis, MAURITIUS.
The user- and trader-friendly design of Woxa makes it a fantastic choice for traders of all skill levels. Furthermore, by using this CFD trading platform, you may be able to avoid the fees that other platforms still charge. Furthermore, you would not have to cope with a difficult user interface or terrible customer service. Woxa's many advantages over its competitors include great customer service, reasonable fees, a lot of data, and the ability to buy stocks in fractional quantities. Given the range of their offerings, you may want to strengthen your relationship with Woxa as your wealth rises.
On Woxa, there are two types of accounts: real and demo.
The first type of account is a 'Real' account, which allows traders to trade instruments using real money and benefit from tighter spreads than the market normally provides. Woxa also covers the fees involved with trading. This is advantageous for traders because they will not have to pay exorbitant fees with each trade.
The second type of account is a 'Demo' account, which allows traders to practice their skills without risking their actual money. However, traders should be aware that this is merely a simulated account and, as such, cannot make gains. Furthermore, as part of a specific campaign, new Woxa investors may receive $50 in trading credit when they switch their account to a 'Credit' account. It is unclear whether Woxa just offers two separate account options. Although such possibilities are limited, investors profit because they no longer have to focus on the minutiae of each account.
Woxa provides a wide range of deposit and withdrawal alternatives that are quick, simple, and low-cost, such as credit/debit cards, banks, and other payment accounts.
Depending on the country of users and the bank, Woxa costs less than $5 for deposits and withdrawals made using credit/debit cards and electronic wallets. Furthermore, traders can deposit and withdraw funds in Woxa using a digital wallet such as Paypal or bank transfers.
Woxa primarily operates as a CFD broker. The following are some of the instruments you can trade:
- Currencies
- Stocks
- ETFs
- Commodities
- Cryptocurrencies
- Indices
The major firms listed on various marketplaces are often included in stock CFDs. On Woxa, you can trade over a hundred crypto goods, including Bitcoin, Ethereum, Litecoin, and Ripple.
Woxa has operated its trading platform under the same name. This platform's standout feature is social trading. This tool allows traders to replicate trades made by well-known traders. As a result, it is extremely beneficial to inexperienced traders who lack trading experience. This platform can also be used in iOS and Android applications. Importantly, traders can have it for free.
Woxa charges no fees for trading, and social trade features are free to use. However, there are still some payments for the following features.
- Deposit and withdrawal fees are assessed based on the trader's location (up to $5).
- Overnight surcharges for orders held throughout the day. However, when compared to other platforms, it is still quite inexpensive.
Woxa offers an additional $50 for new customers, which we thought was above average, although most brokers or trading platforms offer incentives ranging from $10 to $30. As a result, Woxa provides more options for new customers to invest and gain more trading experience on their platform with fewer funds that traders must deposit.
Woxa also offers a free Social Trade feature, which allows users to access the statistics and information of other successful traders. This feature allows other users to mimic successful traders' trading style and technique for free.
1. Login, or create an account at Woxa.
2. Click on the ‘Market’ button, and the available instruments will be shown in this page.
3. Select on needed instruments, then click ‘Trade’ button.
4. Select ‘BUY’, or ‘SELL’ order.
5. Enter the amount that you need to invest. Then, set the leverage level, stop loss and take profit.
6. Select an ‘Open order’ button.
7. Your order will be shown on ‘Portfolio’ page.
- Live chat is available 24 hours a day, seven days a week.
- Email notification of major occurrences is constantly noticed.
To summarize, Woxa is one of the best CFD trading platforms allowing traders to trade a variety of CFDs. Importantly, it builds a trading platform that traders can access via computer and mobile device. Moreover, it offers an incentive for the first trade of a new trader.
However, there are additional excellent CFD trading platforms that make trading simple. Thus, before beginning trading with them, you should carefully consider their characteristics, as all investments carry inherent risks.
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