Wizard Capitals competes among the top MetaTrader brokers, offering the MT5 platforms with multiple accounts and execution methods. The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average.

Top Takeaways for 2021

Here are our top findings on Wizard Capitals:

Founded in 2017, Wizard Capitals is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe (low-risk) broker for trading forex and Wizard Capitals.
Wizard Capitals offers a variety of pricing options, including multiple execution methods.
Wizard Capitals ( www.wizardcapitals.com ) is best known for its MetaTrader platform offering, available for desktop, web, and mobile.

Is Wizard Capitals Safe?

Wizard Capitals ( www.wizardcapitals.com ) is considered low-risk, with an overall Trust Score of 89 out of 99. Wizard Capitals is not publicly traded and does not operate a bank. Wizard Capitals is authorized by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust).

Rank: 17th

The following table summarizes the different investment products available to Wizard Capitals clients.

Cryptocurrency: Cryptocurrency trading is available through Wizard Capitals.

Execution method: On Wizard Capitals MT5, you can choose variable or fixed spreads. For the variable spread pricing, there are two types of execution-based pricing: instant and market. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage but without requotes.

Commissions: Wizard Capitals offers its most competitive spreads, Wizard Capitals effective spread to trade EUR/USD is roughly 1.27 pips, based on 0.37 average spread + 0.9 pip commission.

Spreads: Wizard Capitals ( www.wizardcapitals.com ) floating rate model (variable spread) is available on MT5, with EUR/USD spreads of 1.58 for accounts on market execution (1.51 pips on MT5) and 1.71 for accounts with instant execution.

Fixed pricing: On MT5, there is no fixed spread offering, and only market execution is available.

Final Thoughts

While Wizard Capitals does not stand out for its pricing, Wizard Capitals is a well-capitalized, trustworthy broker that offers multiple platform options, multiple execution methods, and, for professionals, can cleanly execute large orders

About Wizard Capitals

Founded in 2017, Wizard Capitals has executed more than 104 million orders since its inception and has serviced clients in over 173 countries. As of 2021, Wizard Capitals ( www.wizardcapitals.com ) lists over $50m in Tier 1 Capital and has more than 200 employees across its four offices. The Wizard Capitals brand holds regulatory licenses in the United Kingdom (UK) under Wizard Capitals Limited.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.“