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WDC Markets

The Virgin Islands|2-5 years|
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

Open Now

Disclosure

Danger

VG FSC
2021-05-12

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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WDC Markets · Company Summary

WDC Markets Basic Information
Company Name WDC Markets
Registered country/area British Virgin Islands
Regulations Not regulated
Tradable Assets Forex pairs, CFDs on indices, commodities, precious metals, and stocks
Account Types Self-trading account, robot-trading, copy-trading account
Minimum Deposit EUR250
Maximum Leverage 1:500
Spreads 3 pips
Trading Platforms Web-based trading platform
Customer Support Email (support@wdcmarkets.info)Phone (+44 1213681302)

Overview of WDC Markets

WDC Markets, registered in the British Virgin Islands, serves as an online forex and CFD broker, offering traders access to a diverse range of financial instruments. Through web-based trading platform, traders can engage in trading various assets such as forex pairs, CFDs on indices, commodities, precious metals, and stocks. WDC Markets provides three account types tailored to accommodate different trading preferences and strategies, including self-trading accounts, robot-trading accounts, and copy-trading accounts. However, it's important to highlight that WDC Markets operates without regulatory oversight, emphasizing the need for caution due to potential risks associated with trading in unregulated environments.

Overview of WDC Markets

Is WDC Markets Legit?

WDC Markets is not regulated. Traders should be aware that WDC Markets operates without regulation, meaning it lacks oversight from established financial regulatory bodies. This absence of regulation poses risks, including limited avenues for dispute resolution, potential safety concerns regarding funds, and a lack of transparency in the broker's operations. It's crucial for traders to exercise caution and conduct thorough research on a broker's regulatory status before engaging in trading activities to ensure a safer and more secure trading experience.

Is WDC Markets Legit?

Pros and Cons

WDC Markets presents traders with a diverse range of trading instruments, providing ample opportunities to explore various financial markets. However, the absence of regulatory oversight poses potential risks for traders, as it means the platform operates without supervision from recognized financial regulatory authorities. Additionally, traders may encounter high spreads, which could impact trading profitability. Furthermore, the platform lacks sufficient educational resources and transparency regarding company policies and procedures, hindering traders' ability to make well-informed decisions. Moreover, being unable to access the website could prevent traders from accessing the platform and obtaining crucial information. Overall, while WDC Markets offers trading opportunities, traders should exercise caution due to the lack of regulatory supervision and limited support resources provided by the platform.

Pros Cons
  • Various trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • High spreads
  • Lack of educational resources or transparency regarding company policies and procedures
  • Unable to access the website

Trading Instruments

WDC Markets offers a wide array of trading instruments, providing traders with a selection to choose from. Traders can access many forex pairs, ensuring ample opportunities to participate in the currency markets. Additionally, the broker offers a diverse range of CFDs, encompassing indices, commodities, precious metals, and stocks.

Trading Instruments

Account Types

WDC Markets offers three account types to cater to different trading preferences and strategies:

  1. Self-trading account: This account type is designed for traders who prefer to manage their own trades manually. It requires a minimum deposit of EUR 250.

  2. Robot-trading account: This account type is tailored for traders who prefer automated trading using trading robots.

  3. Copy-trading account: This account type is ideal for traders who prefer to follow and replicate the trades of experienced traders.

Account Types

Leverage

In WDC Markets' self-trading account, traders have access to leverage of up to 1:500, which can be considered a significant advantage for traders seeking to amplify their trading positions. However, it's essential to acknowledge that while high leverage offers the potential for increased profits, it also comes with higher risk.

Leverage

Spreads and Commissions

In WDC Markets' self-trading account, the spread is fixed at 3 pips.

Trading Platforms

WDC Markets utilizes a web-based trading interface for its platform, offering traders a simple and user-friendly experience. While the platform is easy to navigate and suitable for traders of all levels, it may not offer some standard features commonly found in more advanced platforms like MetaTrader 4 (MT4).

Customer Support

Traders can reach out to the support team via email at support@wdcmarkets.info or by phone at +44 1213681302.

Customer Support

Conclusion

WDC Markets offers a diverse range of trading instruments and account types, providing traders with ample opportunities to explore various financial markets. However, the absence of regulatory oversight poses potential risks, and traders may encounter high spreads, impacting trading profitability. Additionally, the platform lacks educational resources and transparency regarding company policies, hindering informed decision-making. Traders should exercise caution due to the lack of regulatory supervision and limited support resources provided by the platform.

FAQs

Q: Is WDC Markets regulated?

A: No, WDC Markets operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on WDC Markets?

A: WDC Markets offers a range of trading instruments, including forex pairs, CFDs on indices, commodities, precious metals, and stocks.

Q: What account types does WDC Markets offer?

A: WDC Markets provides various account types, including self-trading accounts, robot-trading accounts, and copy-trading accounts, catering to different trading preferences and experience levels.

Q: How can I contact WDC Markets' customer support?

A: You can reach WDC Markets' customer support primarily through email at support@wdcmarkets.info or by phone at +44 1213681302.

Risk Warning

Trading online carries significant risks, and there is a possibility of losing all invested capital. It may not be suitable for every trader or investor. It's crucial to fully understand the risks involved before engaging in trading activities. Additionally, please note that the information provided in this review may change over time due to updates in the company's services and policies. The date of this review's generation is also important to consider, as information may have evolved since then. Therefore, it's recommended that readers always verify updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies solely with the reader.

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

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Linkedin

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Customer Service Email Address
  • support@wdcmarkets.info

Company Summary

User Reviews

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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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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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