General Information
What is Waldora Company？
Waldora Company, founded in 2021 and registered in Belize, is an unregulated financial services provider offering a range of market instruments, including Forex, ETFs, stocks, indices, metals, commodities, and cryptocurrencies. It uses the MetaTrader 5 platform and provides floating leverage with a maximum of 1:1000. The company does not offer demo accounts or different account types and has regional restrictions in the United States and Canada.
Pros & Cons
Pros:
- Low Commission: Waldora Company charges low commissions of 5 USD for Forex and commodity trades, with no commission fees for other products.
- Extensive Instruments: Waldora Company offers a broad range of financial instruments, including Forex, ETFs, stocks, indices, commodities, and cryptocurrencies.
Cons:
- Limited Trading Accounts: Waldora Company offers limited trading accounts, lacking both demo accounts for practice and various account types to suit different trading needs, which restricts flexibility and may hinder new traders' ability to test strategies and adapt to different trading styles.
- Unregulated: Waldora Company lacks regulatory oversight, which raises concerns about investor protection and adherence to industry standards.
- Regional Restrictions: Waldora Company does not provide services to citizens of the United States and Canada.
Is Waldora Company Legit？
Waldora Companys lack of regulatory oversight. Regulatory bodies enforce standards and protect investors, so a company without regulation might not be subject to the same scrutiny or safeguards. Customers should consider alternatives with established regulatory oversight before engaging with such a company.
Market Instruments
Waldora Company offers a diverse range of market instruments.
Forex: Waldora Company offers more than 500 currency pairs with varying spreads, swap rates, and minimum price changes. For instance, the spread for AUD/CZK is 0.0114, while the swap rates are -0.05 for long and 0.05 for short positions.
ETF: Waldora Company offers ETFs with various spreads, swap rates, and minimum price changes. For example, the Amplify Transformational Data Sharing ETF (BLOK) has a spread of 0.04 and swap rates of -1.05 USD for both long and short positions.
Stocks: Waldora Company provides a range of stocks with floating spread from various locations, including the United States and the Cayman Islands. For example, 1-800-FLOWERS.COM Inc Cl A has a spread of 0.01 and swap rates of -0.27 USD.
Indices: Waldora Company offers a selection of indices with varying spreads, swap rates, and minimum price changes. For instance, the AEX Index (#Holland25) has a spread of 1.2 and swap rates of -27.74 USD, while the DAX Index (#Germany30) has a spread of 1 and swap rates of -556.4 USD. Minimum price changes are consistently 0.01 USD across all indices.
Metals: Waldora Company offers trading in various metals with diverse spreads, swap rates, and minimum price changes. For example, Gold vs. US Dollar (XAUUSD) has a spread of 1.75 and swap rates of -0.1 USD, while Silver vs. Euro (XAGEUR) features a very narrow spread of 0.037 and a swap rate of -0.01 USD.
Commodities: Waldora Company features a diverse range of commodities, including Aluminium, Brent Crude Oil, Canola, Cattle Feeder, Class III Milk, Coffee C Futures, Copper Futures, Heating Oil Futures, Lean Hogs Futures, and Live Cattle Futures.
Crypto currency: Waldora Company provides more than a range of cryptocurrencies, including Bitcoin (BTCUSD), Ethereum (ETHUSD), Binance Coin (BNBUSD), Cardano (ADAUSD), and Avalanche (AVAUSD). The selection also includes newer and less common assets like Arbitrum (ARBUSD) and 0x (ZRXUSD).
Leverage
Waldora Company incorporates floating leverage, granting traders the autonomy to adjust leverage ratios in accordance with market dynamics and personal strategies. It's maximum leverage of 1:1000 offers flexibility, but also increases the inherent risk of heightened trading exposure, necessitating careful risk management for users.
Spreads & Commissions
Waldora Company charges a commission of 5 USD for both Forex and commodity trades, while commissions for other products are not specified. Spreads vary by product. For example, the spread for Bitcoin vs US Dollar (BTCUSD) is 0.01, and for Brent Crude Oil is 0.12.
Trading Tools
Economic Calendar: A concise compilation of key market events, including data releases, bank statements, and governor speeches. Traders use it for insights, risk management, and position adjustments, accessing timely data to inform decisions.
Research & Education
Exchange Rates: Waldora Company offers a comprehensive program that enhances users's understanding of exchange rates, enabling them to analyze market trends and make informed investment decisions.
Webinars: Gain valuable insights from a team of experts through interactive sessions. These webinars offer reviews, detailed breakdowns of financial topics, and live chat opportunities for direct engagement and questions.
Educational Videos: Access a range of educational content including investment ideas, analytical reviews, and strategy research. Stay updated with the latest news and developments to enhance users' financial knowledge and decision-making.
Courses: Waldora Company offers a comprehensive suite of educational courses. The programs cover a wide range of topics, including technical and fundamental analysis, futures, stocks, ETFs, and advanced trading strategies. Courses provide practical insights into market mechanics, trading techniques, and risk management, equipping users with the knowledge and tools needed for informed decision-making and effective investment.
Customer Support
Waldora Company offers comprehensive customer support to its clients.
- Address: New Brunswick, Canada, 60 Charlotte St Saint John, NB E2L 2H9 107-109, West George Street, Glasgow, Scotland, G2 1QX
- Telephone: For any inquiries, clients can dial +1 6049902749 and get assistance promptly.
- Email: Waldora Company also offers email support atinfo@waldoracompany.com.
Conclusion
In conclusion, Waldora Company, a Belize-based company, lacks of regulatory oversight, which poses risks for investors. Additionally, the absence of demo accounts and varied account types limits its appeal. Caution is advised when considering this unregulated provider.
Frequently Asked Questions (FAQs)
Is Waldora Company suitable for beginners？
No, Waldora Company is not suitable for beginners as it is unregulated.
What is the leverage offered by Waldora Company？
Waldora Company offers a floating leverage with maximum leverage of1:1000.
How much is the minimum deposit of Waldora Company？
The minimum deposit required is 500 USD、
Are there regional restrictions on the services provided by Waldora Company？
Yes, Waldora Company imposes regional restrictions. It does not provide services to citizens of the United States and Canada.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
