About WIX
Company Overview
WIX, operating under the full name WORLDWIDE COMMERCIAL FINANCE, is a digital trading platform that was founded on 22 January 2021. The company is registered in the United States, though its operations are primarily aimed at the Chinese market.
According to regulatory records, WIX does not hold any valid financial trading licences from recognised authorities. This absence of regulation raises significant concerns for traders considering the platform.
Regulatory Status
Our review found that WIX currently has no registered regulators on file. This means the broker is not overseen by any major financial watchdog, such as the FCA, CySEC, ASIC, or the CFTC.
For traders, this lack of oversight implies that there is no independent protection or recourse mechanism in case of disputes or financial loss. Unregulated brokers carry inherently higher risks, including potential issues with fund security and transparency.
Market Presence
WIX presents itself as a digital trading platform, but its website (wixcoc.com) has been reported as unresponsive or difficult to access. This further complicates the ability to verify the broker's offerings and operational status.
The company's targeting of the Chinese market, where forex trading regulations are strict, adds another layer of complexity. Without valid licences, WIX may be operating in a legal grey area.
Risk Assessment
Given the complete absence of regulatory oversight and the reported website issues, we at FXCanary assess that WIX poses a severe risk to traders. The FXCanary Scam Risk Score of 75 out of 100 reflects these heightened concerns.
Traders are strongly advised to exercise extreme caution and to consider only well-regulated brokers that offer client fund protection and transparent operations.
Overview compiled by FXCanary from regulatory records and public data. full WIX review