Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
What is WB？
WB Corporation Limited is a brokerage firm based in Hong Kong, facilitating London gold and silver trading for clients. However, its legitimacy is questioned due to a suspicious CGSE license numbered 100, which raises investors' attention regarding its credibility and liability.
In the following article, we will analyse the characteristics of this company in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
Diverse Trading Instruments: WB offers a variety of trading instruments, including London gold and silver, allowing clients to diversify their investment portfolios.
Comprehensive Trading Tools: The platform provides advanced tools such as an economic calendar and a profit calculator to aid traders in making informed decisions.
Zero Commission on Trades: WB does not charge commissions on trades, enabling clients to maximize their returns without incurring additional costs.
Advanced MT4 Trading Platform: The MT4 platform offers robust features, including market charts, technical analysis, and automated trading capabilities, making it suitable for both novice and professional traders.
Extensive Educational Resources: The Knowledge Center provides valuable information on gold and silver trading, helping traders improve their market understanding and trading strategies.
Cons:
Suspicious CGSE License: The firms CGSE license status is questionable, raising concerns about its regulatory compliance and overall legitimacy.
Withdrawal Fees for Small Amounts: Withdrawals under $100 incur a $10 fee, which can be costly for traders making smaller withdrawals.
Is WB Legit？
When considering the safety of a brokerage like WB or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: WB ensures security through segregated client money accounts. These accounts keep client funds separate from the firm's operational funds, safeguarding against misuse or loss. This stringent measure enhances transparency and protects clients' assets, ensuring their safety and integrity throughout all transactions.
Ultimately, the choice to trade with WB is a personal decision. It is important to thoroughly assess the risks and benefits before arriving at a conclusion.
Market Instruments
WB exclusively provides access to London gold and silver trading for its clientele in Hong Kong. This means clients can engage in trading contracts linked directly to the price movements of gold and silver as quoted on the London market.
Account Types
WB Corporation Limited offers a range of account types tailored to meet the diverse needs of its clients, each with varying features and minimum deposit requirements.
The Demo Account provides a risk-free environment for clients to practice trading strategies with virtual funds.
For those seeking to start trading with real capital, the Golden Wealth Account requires a minimum deposit of $1,000, offering a suitable entry point for novice traders.
The Premium Account, with a minimum deposit of $3,000, provides enhanced features and benefits for more experienced investors.
Finally, the Premier Account, requiring a minimum deposit of $10,000, offers top-tier services and exclusive privileges for high-net-worth individuals and institutional investors.
You can start small if you are a new player in investment.
How to Open an Account？
You can open an account with WB online or by manual.
Step1: Fill out the online form with your personal details.
Step2: Choose the desired account type.
Step3: Review and confirm your information, then select a payment method to fund your account.
Account Opening Manually:
Step1: Contact Customer Service
Initiate contact with WB's live 800 online customer service and provide account opening data.
Step2: Form Submission
Customer service will fill in the provided account opening data into the respective application form.
Step3: Confirmation
Ensure accuracy of trading conditions and personal information.
Step4: Account Activation
Once confirmed, your account will be activated, and you can choose your payment method.
Step5: Payment Confirmation
After successful payment, retain payment proof and notify customer service.
Step6: Account Replenishment
Upon confirmation, customer service will credit your account, allowing you to begin trading.
Step7: Verification
Before making your initial withdrawal, submit copies of your ID card and bank card (or passbook).
Following these steps will help ensure a smooth account opening process with WB Corporation Limited.
Leverage
WB Corporation Limited offers flexible leverage options for London gold trading, allowing clients to choose leverage ratios ranging from 0 to 50 times their investment. This range provides traders with the ability to amplify their exposure to gold market movements, potentially enhancing returns on investment.
However, it also increases risk, as higher leverage can lead to significant losses if the market moves unfavorably. Thus investors should use leverage wisely and only choose higher risk-reward opportunities aligned to trading strategies according to their risk tolerance and market outlook.
Spreads & Commissions
WB offers competitive spreads and a zero-commission structure for gold and silver trading across its various account types.
For the Golden Wealth Account, the minimum lot size is 0.1, with gold spreads at $37 per lot and silver spreads at $20 per lot.
The Premium Account also features a minimum lot size of 0.1, with slightly lower gold spreads at $35 per lot and silver spreads at $28 per lot.
The Premier Account, designed for high-volume traders, has a minimum lot size of 0.5, with the most favorable gold spreads at $34 per lot and silver spreads at $35 per lot.
Trading Platform
WB offers the MT4 trading platform, renowned for its user-friendly interface and robust professional chart data. The MT4 platform seamlessly integrates market charts, technical analysis, and trading functions into one comprehensive tool. Traders can perform various operations such as placing and closing orders, setting limit orders, and configuring stop loss and take profit levels. These features enable investors to protect their gains without constant market monitoring.
Widely favored by international institutional investors and professional individual traders, MT4 accounts for over 90% of the world's retail trading volume. The platform is available on PC, iOS, and Android, ensuring accessibility and convenience for traders worldwide.
Trading Tools
WB equips traders with a suite of advanced trading tools designed to enhance their trading experience and decision-making process.
Among these tools is an economic calendar, which provides real-time updates on important economic events and indicators that can impact market movements. This allows traders to stay informed about key economic releases, such as GDP reports, employment figures, and central bank announcements, enabling them to anticipate market volatility and adjust their trading strategies accordingly.
WB also offers a Profit Calculator, enhancing traders' decision-making capabilities. This intuitive tool calculates potential profits or losses based on input parameters such as trade size, entry price, and exit price. Taders can evaluate various trading scenarios and assess risk-reward ratios before executing trades, optimizing trading strategies.
Deposits & Withdrawals
WB Corporation Limited offers convenient and secure deposit and withdrawal methods for its clients.
Customers can deposit funds directly into the company's Hong Kong bank account using real-time online payment, bank transfer, or online cross-border remittance. Regardless of the method chosen, clients are assured that their deposits will be converted into USD at the market open exchange rate, ensuring transparency and consistency. Upon successful remittance, clients are requested to retain the remittance voucher and notify customer service, who will promptly credit the deposited amount to the client's trading account.
Withdrawal requests can be submitted through the MT4 platform, where clients can fill in the necessary withdrawal details. Withdrawals are processed promptly, typically within 1 to 3 working days, and are deposited into the client's registered bank account in the same currency.
Withdrawals of $200 or more are prioritized, while withdrawals below $100 are subject to a flat withdrawal fee of $10.
Additionally, clients should be aware of 6% withdrawal handling fees and currency conversion details, ensuring a smooth and transparent withdrawal process with WB Corporation Limited.
Customer Service
WB Corporation Limited provides comprehensive customer support through multiple channels: phone for direct assistance, email for detailed inquiries, physical address for in-person consultations, and live chat for real-time assistance.
This multi-faceted approach ensures efficient and responsive support for clients' trading needs.
Tel: 852-35808081.
Email: cs@wb100hk.com.
Hong Kong Address: Room 1802, 18th Floor, Pelikan Commercial Centre, 8 Pilikin Street, Kowloon.
Education
WB provides extensive educational resources through its Knowledge Center, designed to enhance traders' understanding of the markets. The Knowledge Center offers in-depth information on gold and silver trading, covering essential topics such as market trends, historical data, and trading strategies.
This comprehensive knowledge base equips traders with the insights needed to make informed decisions and optimize their trading performance. Whether you're a novice or an experienced trader, WB's educational resources are tailored to help you deepen your market knowledge and improve your trading skills.
Conclusion
WB Corporation Limited, a brokerage firm operates in Hong Kong, offers gold and silver trading for its clients. However, the firm's current suspicious CGSE clone regulatory status raises concerns for investors. Regulation typically ensures financial oversight and protects clients from potential malpractices.
Therefore, individuals considering WB as their broker should be at utmost caution, carry out full-spectrum research, and explore alternative, regulated brokers that prioritize transparency, security, and client protection.
Frequently Asked Questions (FAQs)
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.
