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WCX Broker Review

WCX is a trading platform that lets you use BTC to speculate on the price movement of financial markets.

WCX Review

  • If you expect a market’s price to go up, you go long (buy). 
  • If you expect a market’s price to go down, you go short (sell). 

The degree to which you are right or wrong determines your profit or loss, in BTC.

WCX Features

Bitcoin Only

You don’t have to deal with a dozen different assets in a dozen different wallets. On WCX, deposits and withdrawals are made in BTC only. Since we don’t have to deal with banks or fiat money, everything is faster and cheaper.

0 Fees

There are 0 fees for trades, deposits, and withdrawals. On WCX, your total cost of trading is the market spread. Compare that to a crypto exchange which charges the spread plus a fee.

High Liquidity (No Slippage)

When you submit an order on WCX, you don’t have to worry about it being executed partially or at another price due to lack of liquidity or slippage. Thanks to our liquidity pool (no order books), the price you submit your order at is the price your order is fully executed at.

100+ Markets

You don’t have to settle for trading just the crypto markets – there’s plenty of opportunity in the traditional financial markets, too. WCX offers trading on dozens of cryptos, stocks like Apple, indices like the NASDAQ, commodities like Oil and Gold, forex like EUR/USD, and more. See all our markets.

Long and Short

WCX lets you short the markets so you can profit from falling prices, too.

Leverage

Leverage allows you to multiply your buying power, and hence your profits and losses. WCX lets you adjust the leverage on each trade you submit, up to 300x on some markets. You always have the option to trade without leverage by selecting 1x leverage.

Advanced Risk Management

Trade with confidence by easily setting take-profit and stop-loss that limit your risk and execute at flawlessly at the prevailing market price.

Practice Trading

Trade in demo mode, which works exactly like the real thing, except your balance is fictional. It’s a good opportunity to discover the platform if you’re new, or to test out your trading strategies. You get 10 BTC in demo funds initially that you can refill indefinitely. 

Transparent

We’re the first derivatives platform to publish our price sources and spread calculation methods.

Values

  • Security. 98% of funds are stored in offline wallets and online wallets are insured against theft.
  • Performance. Our trading engine is built from the ground up to handle millions of transactions.
  • Simplicity. Our trading UI gets straight to the point: trading. It’s fast, streamlined, and easy to use.
  • Transparency. In contrast to most brokers, we operate without conflict of interest vis-à-vis our clients. Our price sources, spread formulas, and execution policies are public.

Business Model

We don’t charge any fees for trading on WCX. We make money on the spread between the bid and ask.

Our vision is to offer a fast and secure platform to advance the use and adoption of crypto around the world. Our founders are early crypto investors and have made a generous donation to fund WCX’s growth for many years. This money allows our team to build products in line with our long term vision, without the pressure of making short-term profit.

Team

Our founders have worked at the world’s leading tech companies in Silicon Valley. To ensure the personal safety of our team and the security of customer funds, all of our team members adopt aliases (learn more).

  • Amatsu Soyonobu, CEO & co-founder. Amatsu leads WCX and has 16 years software and financial engineering experience. He is responsible for setting the company’s vision and spends 80% of his time with our product teams.
  • Tagawa Hayashida, CTO & co-founder. Tagawa leads the engineering team and has 12 years software engineering experience. He is focused on hiring engineering talent and building next-generation crypto products.

Contacts

  • Live Chat. Use the chat button in the bottom right corner of the page to get in touch with our support team.
  • Email: Contact us directly via support@wcex.com.

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