Wexness Banc is an online trading platform that involves trading in various financial instruments. The website is available in English and can be viewed at the URL https://wexness.io/. Products that clients could trade with included Forex Trading, indices, commodities and stocks.
Have you been approached by Wexness Banc and would you like to talk about the provider? Or are you interested in this provider or the peculiarities of online trading in general in advance of a planned investment? If so, a lawyer will be available to discuss the matter with you.
The law firm Herfurtner Rechtsanwaltsgesellschaft mbH, which has its own offices in Hamburg, Frankfurt am Main and Munich, is contacted by investors seeking investor protection. The lawyers are also active in the fields of profit participation rights, IT law and banking law.
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What is Wexness Banc?
Private investors who intend to entrust their capital to an online broker should first take the trouble to gather as many statements as possible about the broker. The Internet can be used for this purpose, for example to trigger a search query for “Wexness Banc Reviews”.
Private investors often exchange information about their experiences in special blogs and forums. Accordingly, reviews of different online trading platforms can also be found there. If you look for the company Wexness Banc, you will find an unbalanced opinion.
In principle, it is a good idea to look at the source of the contributions that deal with a particular trading platform. For not without exception are the texts written from a value-free perspective. Anyone with the appropriate online marketing knowledge can have a targeted influence on the formation of opinion.
Online trading platforms themselves or their affiliated advertising partners are more likely to express themselves positively about their own or the advertised offer. At the same time, it is conceivable that texts will be launched whose tenor is intended to dissuade customers from becoming involved with a market companion.
Registered Office of the Company, Regulation of Wexness Banc
The provider’s website is also to be included in the research. Although there is little neutral content on this site, it is nevertheless advisable to check the location of the company and its regulatory status before making an investment.
There is no legally binding imprint on the Wexness Banc website. Information on the website operator and its registered office can be found in the footer of the online presence. There it says that a company called Gozala Enterprise LTD is the owner and operator of the website of Wexness Banc.
The company is based in Saint Vincent and the Grenadines, an island state in the Caribbean. There is also a Gozala Services OÜ. This company acts as a payment service provider and is located in Tallinn, Estonia.
There is no proof of registration and monitoring of Wexness Banc by a state European control body, neither on the homepage nor elsewhere on the online presence.
It is therefore not possible to determine whether Wexness Banc has been approved by an institution such as the British Financial Conduct Authority (FCA) or the German Federal Financial Supervisory Authority (BaFin) and holds the necessary licences.
Wexness Banc Internet Presence
Wexness Banc describes itself as a reliable broker that minimizes the risk of loss for its clients. The company has global experience in the financial markets. Even inexperienced traders can achieve significant returns with Wexness Banc. The provider helps its clients to identify the best opportunities.
Wexness Banc claims to be one of the largest independent providers of online trading services. It serves more than 100,000 customers in over 30 countries. At Wexness Banc, clients learn how to manage their capital, achieve financial independence and determine their income levels.
In addition, the Wexness Banc team brings together various experts from the financial industry.
Wexness Banc describes the advantages of its offer based on four reasons:
- convenient payout options with a wide range of payment options,
- trading platform developed by experts,
- customer service five days a week, around the clock,
- individually customizable user interface.
At Wexness Banc, traders are able to trade over 300 different assets. Accordingly, the provider classifies the asset classes as follows:
- Forex Trading
Training Opportunities at Wexness Banc
Wexness Banc has set up a separate section on its own website under the heading “Analytics” to cover the topic of training and further education. This section contains six blog posts in which Wexness Banc takes a stand on topics such as growth in the USA, oil prices or gold trading conditions.
Technologies offered by Wexness Banc
For their trading activities customers need access to trading software. Online brokers usually provide these programs to their investors free of charge. The applications are either in-house developments or programs published by third parties.
At Wexness Banc, clients could use the trading software Metatrader 4. This is available for use on stationary computers as well as on mobile devices such as tablets and smartphones.
Registration and available Accounts
Anyone wishing to take advantage of the Wexness Banc offer and trade on the online platform must first register. Once the client account has been set up, one would have to choose a live trading account. According to Wexness Banc, four different account types are available for this purpose:
- Basic account: Minimum deposit of 100 USD, more than 24 tradable assets, leverage of up to 1:100, five trading signals per week
- Trader account: Minimum deposit of 1,000 USD, more than 75 tradable assets, leverage of up to 1:75, ten trading signals per week
- Business account: Minimum deposit of 10,000 USD, more than 300 tradable assets, leverage of up to 1:50, 15 trading signals per week
- Corporate account: Minimum deposit of 100,000 USD, all tradable assets, leverage of up to 1:25, up to 100% bonus
According to information from Wexness Banc, deposits and withdrawals could be made using various methods. For example, bank transfers, credit card payments or e-wallet transactions could be used.
Attention in Online Trading
Those who want to invest their money profitably will find that conventional products such as call money offer hardly any attractive earnings prospects. In the search for higher-yielding alternatives, one comes across a number of platforms on the Internet that offer high profit promises.
The liberalisation of world trade and digitalisation make it possible to offer services around the world and from anywhere. Accordingly, many online trading platforms are increasingly turning to European customers.
An investment in a company abroad can be disadvantageous if problems arise with the investment. This is due on the one hand to conceivable language barriers, and on the other hand to the distance, which complicates personal discussions.
As a rule, this involves CFD trading, trading with Crypto Currencys or foreign exchange trading (Forex trading). These are without exception risky offers, in which one should not invest without basic advice, especially as a less experienced private investor.
It is therefore often left to the investor himself to assess the risks of an investment opportunity. In the absence of expert consultation, investors may not be sufficiently thorough in their risk assessment and may assess risks incorrectly or ignore them.
If an investment is made nevertheless, it is possible that the desired objectives may not be achieved in time. In the event of negative trends or sideways movements, some clients are also advised to invest additional assets in order to protect their initial investment.
Losses in Online Trading?
If you have lost capital while trading on an online platform, you should act actively. First of all, you should refrain from further money transfers. In addition, it is advisable to ask the online trading provider about the reasons for the losses and what the prospects are for getting your investment back.
If the issue is not resolved satisfactorily by the provider, you can contact a lawyer and seek investor protection. The law firm Herfurtner will determine whether you are entitled to claims against the trading platform. If requested, it will also enforce these claims directly with the contractual partner.
Please use the contact area to make an appointment for an initial discussion on the subject of Wexness Banc with our lawyers.