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