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Woxa group includes 2 related companies.
Woxa SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Woxa MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Woxa group currently only accepts clients from Vietnam, Malaysia, Philippines and Indonesia.
Forex broker offers the following underlying assets for trading.
| 30+ Currency Pairs | Based on major and minor world currencies. |
| 10 Crypto Pairs | Based on Cardano, Basic Attention, Bitcoin, Bitcoin Cash, Polkadot, Ethereum, Litecoin, Solana, Uniswap, Tezos. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum and Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 400+ Stock CFDs | Based on shares of top-rated US companies. |
| 40+ ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
Woxa is a forex broker with offshore entities registered in Mauritius and Saint Vincent and the Grenadines. It is regulated locally in Mauritius, but remains completely unregulated in Saint Vincent and the Grenadines. The broker differs from most other brokers we have reviewed here on FX-List by only accepting clients from select countries in South East Asia, namely Vietnam, Malaysia and the Philippines.
In terms of its specific offering to traders, Woxa should have almost everyone covered with its selection of trading instruments. As of this writing, the selection ranges from more than 30 forex pairs, to most of the major crypto pairs, stock indices, popular commodities, as well as more than 400 US-listed single stocks and 40 exchange-traded funds (ETFs).
All of the assets can be traded on the broker's own web-based trading platform which carries the same name as the broker. The platform is simple to use even for total beginners, and easily allows traders to set desired leverage, limit price, and stop-loss & take profit levels.
In addition to the standard web version, the platform is also available on Apple and Android mobile devices.
It's worth noting that Woxa offers a social trading feature as part of its platform for those who prefer to copy others rather than relying on their own trading instincts. The function is available for free without any management fees, and traders who share their trades (known as Master Traders) are paid directly as part of the Woxa Popular Investor Program.
To get started trading with Woxa, clients can choose to open a demo account with virtual money, deposit money into a real trading account, or start trading through a credit account without first making a deposit.
For those who choose to go with a real trading account from the beginning, identity first needs to be confirmed after the deposit has been made, and the trader is then free to withdraw profits at any time. For those who trade on a credit account, however, no KYC checks are necessary, but profits can only be withdrawn according to terms found in the company policy.
For the time being, trading accounts with Woxa can only be funded through bank transfers or debit/credit cards. Unfortunately, deposits and withdrawals with crypto are not supported despite the fact that the broker is registered offshore and more or less unregulated.
To reach Woxa's customer support team, clients can use email or live chat through the broker's website. The broker states on its website that support is available from 3 am to 7 pm UTC time in the languages English, Malay, Vietnamese, and Filipino.
In conclusion, we see Woxa as a strong player in the forex brokerage industry in South East Asia. However, given that the broker is virtually unknown outside of this region (and also doesn't accept clients from outside the region), it is very small by global standards. Still, we do like Woxa's offering in terms of instruments and trading platform, and see it as an interesting option to look at for traders in South East Asia.
