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WDC Markets

The Virgin Islands|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://wdcmarkets.com/

Website

Rating Index

Contact

+44 1213681302
support@wdcmarkets.info
https://wdcmarkets.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

Danger

VG FSC
2021-05-12

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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WDC Markets · Company Summary

General Information

WDC Markets is a forex and CFD broker that offers trading on some web-based platform. WDC Markets advertises trading in Forex, Stocks, Commodities and Indices.

Regulation

WDC Markets is owned by FTG Solutions LTD. The company based in Tallinn, Estonia, but is registered in the British Virgin Islands. That said, forex brokers in Estonia should be licensed by the local Finantsinspektsioon or the Estonian Financial Supervision Authority (EFSA). However, this isnt the case with WDC Markets.

Market Instruments

WDC Markets advertises that it offers many forex pairs, as well as good variety of CFDs – on indices, commodities, precious metals, and stocks.

Minimum Deposit

the minimum intial deposit required by WDC Markets is $250. Altough this amount is affordable for most traders, given the fact that WDC Markets is not subejct to any regulation, traders are not advised to register real trading accounts here.

Leverage

WDC Markets offers basic leverage of 1:100 but one can request leverage of up to 1:500. Trading on leverage can be tricky as it entails significant risks, especially to inexperienced traders. Leverage allows for making bigger profits, one may incur great losses too.

Spreads & Commissions

The EURUSD spread we see in the platform, 3 pips, is not at all competitive. Regulated brokers usually provide spreads between 1 and 1.5 pips for this most traded currency pair; wider spreads make the cost of trading high for the traders, and guarantee good profits for the brokerage.

Trading Platform Available

WDC Markets offers some kind of proprietary, web-based trading platform, and they are not short on superlatives about it. They call it “award-winning” and “superior platform with cutting edge functionality”, but to be honest we were not very impressed – the software is quite basic with limited features and poor design

Deposit & Withdrawal

WDC Markets offers only two payment transaction methods for deposit – credit / debit cards and bank wire transfer. Popular payment methods, such as PayPal and preferred by traders e-wallets, eg. Skrill and Neteller are not mentioned in the site or supported in the client area. WDC Markets minimum deposit requirement is 250 EUR/GBP for credit cards and 500 EUR/GBP for Wire transfer. This is significantly higher than what regulated brokers generally ask from traders – $100 on average. The minimum amount for withdrawals via a wire transfer is 500 EUR/GBP.

Broker Information

Company Name

FTG Solutions LTD

Company Abbreviation

WDC Markets

Regulatory Status

No Regulation

Platform registered country and region

The Virgin Islands

Company website
Phone of the company
  • +44 1213681302

Twitter

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Company address

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Customer Service Email Address
  • support@wdcmarkets.info

Company Summary

User Reviews

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2

Comments

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琥珀
more than one year
I heard this broker many times last year. My friend Ronny said he had a good trading experience and this confused me. I can see clearly that this broker has no regulation. I don't use their service even on the demo account, but I notice false information from false users and their lack of transparency, It's already a warning that I should stay away from them.
2023-03-23 10:02
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0
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李小乐Nicklaus
more than one year
On the tenth day after they stole my profit, WDC Markets still didn't answer, emails kept going unanswered, and no one got in touch with me to fix the problem. I hope that everyone will take what I say as a warning and stay away from companies like that.
2022-12-20 10:37
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