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WOCOM -

Score

8.17 /10
Good

WOCOM

Hong Kong

Above 20 years

Regulated in Hong Kong

Leveraged foreign exchange trading

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

http://www.wocom.com.hk

Influence

D

Add brokers

Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index8.26

Business Index9.14

Risk Management Index7.63

Software Index7.43

License Index8.26

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Wocom Group of Companies

Company Abbreviation

WOCOM

Platform registered country and region

Hong Kong

Company website

WhatsApp

  • (852) 5616-0672

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 3
Previous Detection : 2025-06-23
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AAC230)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AAG705)SFC-Advising on securities Non-Forex License. Please be aware of the risk!

WikiFX Survey

WOCOM

Hong Kong

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
WOCOM · Company summary
WOCOM Review Summary
Founded1995
Registered Country/RegionHong Kong
RegulationSFC
Market InstrumentsForex, Stocks, Futures
Demo Account❌
Leverage/
Spread/
Trading PlatformWebTrader, mobile APP
Minimum Deposit/
Customer SupportEmail: cs@wocom.com.hk
Tel: (852) 2853-0111
WhatsApp: (852) 5616-0672

WOCOM Information

WOCOM is a Chinese agency, which designs tailored investment programmes and strategies, aligning them with clients' financial goals to meet their unique requirements. It offers products including stocks, forex and futures.

WOCOM Information

Pros and Cons

Pros Cons
Regulated by SFCLimited product types
Many payment optionsLimited platform options
Long operational historyInactivity fees charged

Is WOCOM Legit?

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Securities and Futures Commission of Hong KongRegulatedWocom Foreign Exchange Co. LimitedChinaLeveraged foreign exchange tradingACL076
Securities and Futures Commission of Hong KongRegulatedWocom LimitedChinaDealing in futures contractsAAH843
Securities and Futures Commission of Hong KongExceededWocom Securities LimitedChinaDealing in securitiesAAC230
Securities and Futures Commission of Hong KongExceededWocom Investment Management LimitedChinaAdvising on securitiesAAG705
license
license
license
license

What Can I Trade on WOCOM?

WOCOM offers a range of trading products, including forex, stocks, and futures.

Tradable Instruments Supported
Forex✔
Stocks✔
Futures✔
Commodities❌
Cryptos❌
CFDs❌
Indices❌
ETFs❌
assets

Account Types

WOCOM offers 2 types of trading accounts, one for individuals and the other for companies, which requires different documentation.

Account Types
Account Types

WOCOM Fees

Overall, WOCOM's trading fees are flexible. The spread and swap fee are not mentioned, and the commissions depend on different markets.

Securities TradingBrokerage Commission
Hong Kong SecuritiesCommission Negotiable
China Stock ConnectCommission Negotiable
Non-Trading FeesDetails
Deposit FeeNot mentioned
Withdrawal Fee (Stock Withdrawal through CCASS)For SI: HK$ 200 /stock/transaction
For ISI: HK$ 200 /stock/transaction
For SI: CNY200 /stock/transaction
Inactivity FeeHK$ 100 semi-annual

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTrader✔Web/
APP✔Android, iOS/
MetaTrader 4 (MT4)❌/Beginners
MetaTrader 5 (MT5)❌/Experienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

Deposit Options Minimum DepositFees Processing Time
Faster Payment System (FPS)Not mentionedNot mentionedSame day (if before 4:00 pm on trading days)
Payment by Phone Service (PPS)Not mentionedNot mentionedSame day (if before 7:00 pm on trading days)
Bank Transfer and Cheque Deposit (applicable to online banking, bank counter, ATM and cheque deposit machine)Not mentionedNot mentionedSame day (if before 4:00 pm on trading days)
Telegraphic Transfer (applicable to overseas clients)Not mentionedNot mentioned2-3 working days

News

NewsRead the full review of Wocom, Before Investing

WOCOM is a global financial service company based in Hongkong. It provides traders with access to a wide range of trading products including Local Securities (Margin Financing), China Connect, IPO (Margin, International Placing), Stock Options, Foreign Stocks, Unit Trust, Local Futures, Foreign Futures, Forex.

WikiFX
2023-10-09 13:35
Read the full review of Wocom, Before Investing
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User comment

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Comments

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悅
more than one year
I recently discovered the company WOCOM, but their website doesn't clearly provide detailed information about the company. I think this is bad because I don't want to invest without knowing more information. Also, their website looks crude and doesn't have a great user experience. I'm not sure if that means they're less professional or reliable, but I'm not willing to take the risk.
I recently discovered the company WOCOM, but their website doesn't clearly provide detailed information about the company. I think this is bad because I don't want to invest without knowing more information. Also, their website looks crude and doesn't have a great user experience. I'm not sure if that means they're less professional or reliable, but I'm not willing to take the risk.
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2023-03-20 18:21
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FX1302506358
more than one year
The various fees charged by wocom are too high, and there are also inactive account fees. When I saw that fee form, I was actually kind of shocked. But on the bright side, there might be no hidden costs.
The various fees charged by wocom are too high, and there are also inactive account fees. When I saw that fee form, I was actually kind of shocked. But on the bright side, there might be no hidden costs.
Translate to English
2023-03-01 16:05
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