FSA licence SD229

There is no evidence of that. The company behind the brand is real and confirmed on the official Seychelles company register, the licence number it publishes matches the licensed entity, and the same entity name, number and address appear consistently on the website, in the footer of the client portal and on the licence record. Nothing WIKILIX found points to a clone or a fabricated authorisation.

What it is, is an offshore broker with a thin public record: one low-tier licence, no published founding date, no named management, no disclosed funding terms and leverage far above onshore limits. Those are risk factors to price in, not proof of dishonesty.

The broker advertises an additional insurance policy of up to $1,000,000 on client funds, described as covering errors, omissions, negligence and fraud, with a certificate offered on its insurance page. This is a commercial policy taken out by the firm, not a statutory compensation scheme.

Note what it is not: the Seychelles licence carries no client-fund insurance and no investor compensation fund of its own. If the insurance matters to your decision, ask for the certificate, the insurer's name and the policy conditions before depositing.

Yes. The account comparison lists a swap-free option and the site runs a dedicated swap-free request page. The terms are not published: eligibility and any administration charge have to be agreed with the firm.

Probably not, unless you are in one of a short list. The company states it serves the world except the USA and the EEA, but its live registration form is much narrower than that: the country selector accepts residents of only 35 countries, among them Japan, Malaysia, Turkey, the United Arab Emirates, Lebanon, Nepal and a number of Caribbean, Pacific and African states. Countries such as Germany, India, South Africa and the United Kingdom are not selectable at all.

The signup form also requires you to confirm that you are not a US citizen.

On two of its four accounts. CENT and PRIME are commission-free on all CFDs and price the cost into a wider spread from 1.0 pips. ZERO charges $8 on forex and metals CFDs and $8 on crypto CFDs against raw spreads from 0.0 pips, and VIP ZERO reduces the forex and metals charge to $5. All four accounts charge $0 on other CFDs.

WIKILIX could not answer this from the broker's published material. The website has no deposits and withdrawals page, no payment-method list, no fee schedule and no stated processing times anywhere in its public page index. Funding is handled inside the client portal after registration.

That is a real gap. Ask the firm in writing for the accepted payment channels, the fees on both directions, the minimums and the expected withdrawal turnaround, and keep the reply, before you deposit anything.

More than 250 instruments, all as CFDs: over 50 forex pairs, 20+ indices, 150+ shares, spot metals including gold and silver, energies such as Brent and natural gas, soft commodities, treasuries, ETFs and cryptocurrencies. The CENT account is limited to forex, crypto and metals; the other tiers carry the full range.

MetaTrader 5, and only MetaTrader 5. It is offered for Windows and Mac desktop, as Android and iOS apps, and as a browser-based WebTrader. The broker also publishes its own branded mobile app. MetaTrader 4 is not offered.

Up to 1:2000 on all four account tiers, applied through a dynamic-leverage model. Under that model the margin requirement is set per instrument and tightens automatically as the net number of lots on your open positions rises, so the headline figure is only available on small positions. Cryptocurrency CFDs are advertised at up to 1:500.

Leverage of this size magnifies losses as much as gains and is not permitted by onshore regulators in most major markets. Treat it as a risk factor, not a feature.

It depends on the account. The CENT account opens from $1, PRIME requires $50, and the ZERO account requires $1,000. The VIP ZERO tier is not priced publicly and is opened by enquiry only.

The operator is Legacy Capital Ltd, a Seychelles limited liability company. WIKILIX confirmed the company on the official Seychelles Business Register, which lists LEGACY CAPITAL LTD under registration number C8438289 as an active company in business services. The number matches the 8438289-1 the broker publishes on its own site.

No directors, shareholders or founders are named anywhere on the website, and the registry search does not publish officer details.

Yes, but offshore. WB Invest is the trading name of Legacy Capital Ltd, which holds Securities Dealer licence SD229 from the Seychelles Financial Services Authority under the Seychelles Securities Act 2007. The company states this on its own licence and regulations page and in the footer of every page.

That is a real licence, but a low-tier one. It does not come with the segregated-client-money guarantees, leverage caps or investor compensation scheme that an onshore regulator such as the FCA, CySEC or ASIC imposes. WIKILIX could not confirm the entry against the regulator's own register in this review.