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WOCOM Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 17:07

Abstract: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 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

  

Related broker

Regulated
WOCOM
Company name:Wocom Group of Companies
Score
8.17
Website:http://www.wocom.com.hk/
Over 20 years | Regulated in Hong Kong China | Leveraged foreign exchange trading | Dealing in futures contracts
Score
8.17

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