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WongaaFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
WongaaFX accepts clients from all over the world, excluding USA, Cuba, Iran, Syria, Sudan, North Korea, Russia, Myanmar.
Forex broker offers the following underlying assets for trading.
| 45+ Currency Pairs | Based on major and minor world currencies. |
| 10+ Crypto Pairs | Based on various prominent coins and tokens. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of highly capitalized US companies. |
WongaaFX is a relatively recent entrant in the online forex brokerage space, having been established in 2025 and registered in Mwali. The company is regulated by the Mwali International Services Authority (MISA), an offshore regulatory body in the Comoro Islands. The broker accepts clients globally, with the exception of the USA and a few sanctioned countries.
Like many offshore forex brokers, WongaaFX highlights an attractive set of trading conditions. The broker offers leverage up to 1:2000, which is extremely high by industry standards. The minimum deposit is only $10, making it accessible even to traders with little capital available.
There are four account types to choose from with this broker, depending on each trader's unique circumstances:
– Standard Account, with a $10 minimum deposit, spreads from 2 pips and $2 commissions per lot
– Pro Account, with a $200 minimum deposit, spreads from 1.5 pips and $5 commissions per lot
– RAW Account, with a $1,000 minimum deposit, spreads from 0.8 pips and commissions of $7 per lot
– Zero Spread Account, with a $3,000 minimum deposit, spreads from 0 pips and commissions of $7 per lot
All of the account types support the broker's full range of trading instruments. At the time of writing, this includes more than 45 forex pairs covering major and minor world currencies, a handful of the most popular cryptocurrency pairs including coins such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), 11 index CFDs based on baskets of leading stocks, 2 precious metal CFDs (gold and silver), 3 energy CFDs covering crude oil (WTI, Brent) and natural gas, and over 50 stock CFDs from major US-listed companies.
The only supported trading platform with WongaaFX is the widely recognized MetaTrader 5 (MT5), which is available in downloadable versions for Windows and Mac, as well as in a web version and as a mobile app. MT5 provides advanced charting tools, algorithmic trading capabilities and its own programming language for developing custom trading strategies and indicators.
Funding methods at WongaaFX are fairly modern and versatile. Clients may deposit and withdraw via bank wire transfers, MasterCard, and e-wallets such as Skrill and Neteller. Additionally, crypto funding is accepted in BTC, ETH and USDT, catering to the needs of those who may not be able to use traditional payment methods.
Among the broker's distinctive features, WongaaFX offers a social trading portal for strategy providers and followers, enabling experienced traders to publish their performance and allow others to copy or follow their trades. The platform also includes a real-time forex heatmap, giving traders an immediate snapshot of currency movements globally, technical market analysis, and a useful chart pattern filter with actionable trading ideas from leading WongaaFX users.
Despite these strengths, it's important to keep in mind that WongaaFX is entirely offshore-based and only lightly regulated. This means that risks exist, for example in the unlikely event that the broker goes out of business. It's therefore important to do proper due diligence before depositing money with this - or any other - offshore forex broker.
In summary, WongaaFX positions itself as a flexible offshore broker offering very high leverage, an extensive range of trading instruments, and social trading features aimed at both novice and experienced traders. Its low minimum deposit and acceptance of crypto funding means that this broker is a viable option for nearly everyone. For those comfortable trading under an offshore regime and seeking high leverage, WongaaFX could therefore be worth consideration.
