Wizard Capitals Reviews Wizardcapitals.com Review – Trusted Broker?
|Traders in India welcome|
|Wizard Capitals Facts & Figures|
|Wizard Capitals is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.|
• Best ECN Broker 2020 – DayTrading.com
|Bonus||30% Up to $100|
|Instruments||Forex, CFDs, indices, commodities, cryptocurrencies|
|Min. Deposit||From $1000|
|Payment Methods||Bank transfer , Credit card, Debit card, Bitcoin, Cash deposit|
|Min. Trade||0.01 lots|
|Mobile Apps||iOS, Android and Windows|
|USD, EUR, GBP|
|FTSE Spread||1.3 pts|
|GBPUSD Spread||0.3 (var)|
|Oil Spread||9 pts (var)|
|Stocks Spread||0.1% Var|
|Leverage||1:30 EU, 1:200|
|Wizard Capitals offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types.|
|GBPUSD Spread||0.3 (var)|
|EURUSD Spread||0.1 (var)|
|EURGBP Spread||0.2 (var)|
Risk Warning – Your capital is at risk
Wizard Capitals Review – Wizard Capitals are a leading forex and CFD broker. This review details their service, including account types, the trading app, the demo account and of course the trading platform, including MT4. We also list any current bonus offers and key comparison data such as min deposit and min trade amounts. Read on and login today.
The 20% Deposit Bonus
Get an extra 20% on top of your deposit – that’s up to $200 more to trade with.
Wizard Capitals offers a range of trading platforms. Desktop or laptop on Meta trader 5. These are the go-to platforms for trading, with an excellent reputation.
- Improved number of order execution types (4 as against 3).
- MT5 has an edit function for trades, as well as an increased number of pending orders available.
- There are a significantly larger number of technical indicators (38 as against 30), graphical objects (44 as against 31) and time frames (21 as against 9).
- MT5 also incorporates an economic calendar.
- MT5 also has an intriguing community chat feature, which allows traders to communicate with one another.
Assets / Markets
Instruments offered will vary based on country of residence of the Trader.
Wizard Capitals offers opportunities to trade in the following markets:
- CFDs for Indices and Commodities (FTSE, DAX, Nasdaq etc)
- Spot metals (Gold, Silver)
- Shares CFDs (Apple, BP, Google etc)
The broker has also rolled out 11 new dynamic currency and stock basket indices, split across 6 forex indices and 5 stock indices. The FX indices track leading currencies while the stock indices track trending retail spaces, such as vegan-related firms. These are a great opportunity to trade in innovative new financial products with competitive trading conditions.
Wizard Capitals Mobile App And Trading Platforms Incl MT5
Spreads & Commission
Commission percentages are relatively low for Forex traders and around the industry average for CFD trades. With ECN account options, spreads can be as low as zero pips, along with low commissions of $0.2 per lot. With the Standard Account, spreads start a little higher, but remain very competitive.
In this respect, Wizard Capitals is a good provider to trade with.
Please note that Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
The company does introduce a number of additional charges that, if they are applied, can make them an expensive choice. For example, there is an inactivity fee, which means that if your account isn’t used for a period of time, a charge is levied.
Wizard Capitals Pivot Point Strategy
Wizard Capitals offers multiple deposits and withdrawals methods, all geared towards inclusive trading.
Deposits can be completed through the following methods:
Some deposit methods have a two-hour processing time, while others are instant. All deposit methods are commission-free.
Minimum deposits vary based on the type of account:
- Micro £/$/€1000
- Advantage £/$/€1000
- Advantage Plus £/$/€1000
Withdrawals are available using the following methods:
Visa, Maestro and Mastercard: these transactions are usually processed the same working day. The money can be withdrawn in USD, GBP or EUR. Commission is set at 2EUR/3USD/2GBP.
Neteller withdrawals are processed the same working day. Money can be withdrawn in USD, GBP or EUR. No commission is charged.
Similarly, Skrill withdrawals attract no commission and are processed the same working day.
Bank transfers take 24-hours to process and the only available currencies are GBP or EUR. The fees for bank transfers are 10EUR or 5GBP.
If you intend to withdraw, the best methods are via a credit card, Neteller or Skrill.
Note that Wizard Capitals may ask for additional information before authorising a withdrawal. If this isn’t forthcoming promptly, the withdrawal may take much longer than the stated period.
Wizard Capitals offers a high-grade demo account which enables individuals to hone their trading skills before investing their hard-earned cash. Forex is traditionally seen as a risky form of trading, so making sure that you have the correct skills before beginning to “trade for real” is essential.
Demo accounts are available on the Standard, Cent, ECN and ECN Zero Accounts.
Wizard Capitals Trading Signals
Deals And Promotions
Several bonuses and promotions are available. These include, among others, the 30% Bonus and the Wizard Capitals Loyalty Program. Please note that all promotions and contests come with Terms and Conditions.
Forextime Limited and Forextime UK Limited only offer the Loyalty Program (T&Cs apply) which is applicable only to Elective Professional/Professional Clients or Eligible Counterparty.
One of the areas in which Wizard Capitals is extremely strong is the amount and calibre of the educational material that is available. Users can select from a comprehensive range of materials, presented in a variety of formats. Resources include webinars, tutorials, articles and a glossary of terms. Topics covered include:
- Forex trading seminars
- Forex trading webinars
- Forex glossary
- What is Forex?
- Beginners guide to Forex trading
- Forex trading strategies
- Educational videos
- Periodic table
This spread of information provides a wealth of knowledge for both beginner traders and those with some trading experience.
The materials are well-written and easy to follow. The variety of formats mean that there is something suitable for learners with different styles.
In addition, the customer support team are also available to answer trading queries, providing additional support for traders.
Particularly when new traders take advantage of the demo account to try out their techniques and strategies before trading live, there is the potential to obtain a good, solid grounding in how trading operates and how best to take advantage of the market.
Whilst study of the educational materials alone is not going to guarantee success, the quality and quantity of material available, as well as the additional tools which traders are offered, back up Wizard Capitals’s reputation as a responsible, helpful broker who puts customer care at the heart of what they provide.
Regulation And Licensing
As indicated earlier, the Wizard Capitals brand is regulated by CYSEC (the regulatory body for Cyprus)..
In addition to the other benefits which Wizard Capitals provide, they also offer free trading tools and daily commentaries from the Wizard Capitals team of experts.
The loyalty programme has been discontinued, but keep an eye out for new retention offers.
The site also offers regularly updated commentary on various aspects of trading by Wizard Capitals experts. Wizard Capitals is frequently quoted on trading sites and in the media, as they are recognized as providing high-calibre insights.
This wealth of expertise may give Wizard Capitals traders an advantage when it comes to making informed decisions about their trading options.
Wizard Capitals have recently overhauled their accounts and now offer three options:
- Micro: The most accessible account. Low minimum deposit, tight spreads and zero commission. Instant execution and a swap free choice. Assets are slightly restricted and maximum open orders is capped.
- Advantage: The cheapest trading account at Wizard Capitals (Swap free on MT4). Spreads from 0.0 and very competitive commission rates. Broad range of markets and currency options, and unlimited open orders.
All accounts operate with a minimum order level of 0.01 lots.
This range of accounts covers the needs of most customers, including Islamic customers. All accounts offer a good range of benefits and can be tailored to suit individual requirements.
- Wizard Capitals is well-known for having excellent customer care, providing a prompt, helpful and accessible service.
- They are tightly regulated, enabling traders to deposit with confidence.
- The selection of educational tools available is exceptionally good.
- Many commentators feel that their Forex fees are highly competitive.
- Bank account withdrawals attract a relatively high fee.
- Some of the charges for larger trades can be confusing.
- Wizard Capitals no longer offer any form of Cryptocurrency trading
The actual site is open 24/7/365. That said, not all markets are open all the time! This means that trading is limited to those hours when the markets under consideration are open.
For example, the Forex market in London is from 3am to 12 noon; New York is 9am to 5pm; Sydney is 5pm to 2am, and the Tokyo market is open from 7pm to 4am (all times are GMT).
An established trading platform and broker, Wizard Capitals offers a number of significant advantages over many competitors.
This not only provides UK customers with plenty of protection, it also shows that the company is one that is run in a transparent and accountable manner.
The site places a heavy emphasis on education and customer care – this is a site that takes its responsibilities to its customers seriously. It’s also a site that has a good range of trading platforms and accounts – no matter what type of trader you are, there’s an account which is suitable for your needs.
Fees are, on average, in the low to medium range. The range of options by which traders can get in touch with customer support is outstanding.
The loyalty programme is also an advantage, as a direct discount is applied to every trade, bringing a fast reward. That said, the higher levels do require a substantial amount of investment in order to qualify, meaning it’s unlikely that rookie traders or those without considerable assets are going to enjoy much of a loyalty reward.
With so many benefits, it’s little wonder that this is a popular, well-established site which has stood the test of time.
Wizard Capitals accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders can not use Wizard Capitals from United States, Canada, Japan, Mauritius, Puerto Rico, Haiti, Suriname, Hong Kong.