Wixlight has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found Wixlight after a family member had a good experience and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular platform improvements|Helpful community forum|Clear documentation|Multi-currency support
Cons: Minimum deposit could be lower|Limited demo account features
Wixlight locked my account without warning and demanded documents I had already submitted. since I opened my account last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clean UI|Regular platform improvements|Economic calendar
Cons: Nothing significant|No crypto staking
Opened my account with Wixlight through a financial advisor and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Easy to use platform|Dividend tracking|Copy trading available|Market news feed
Cons: Some tools only available on higher tiers|No integrated tax optimization
I was about to invest with Wixlight but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I experienced a security concern with my Wixlight account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Customizable dashboard|Risk management tools
Cons: No live chat on mobile
My card was charged twice by Wixlight on the same day. I had to dispute it with my bank. Wixlight then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Tax reports included|Fast execution|Full transparency
Cons: Mobile app could be improved|No crypto staking
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Wixlight is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Wixlight offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-currency support|Dedicated account manager|Personal attention|Segregated accounts
Cons: None so far
Customer support at Wixlight seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Copy trading available|Instant funding
Cons: Minor UI glitches occasionally
After spending for roughly four months trying to make Wixlight work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: High security standards|Fast deposits|Clear documentation
Cons: No dark mode on mobile