Overview of Wealth World Markets
Wealth World Markets, officially known as Wealth World Financial Markets & Research Ltd., is an online trading company based in Mauritius. They provide access to a wide range of trading products, including forex currency pairs, commodities, futures, indices, and stocks. The company offers 24-hour trading access, high liquidity, low spreads, mobile trading, and technical analysis tools through the MetaTrader 5 trading platform.
Wealth World Markets offers different types of trading accounts to suit the needs of traders, from novice to expert traders. Wealth World Markets also offers valuable educational resources to support traders in their learning journey. These resources include seminars, webinars, and video guides, providing educational opportunities for traders of all experience levels. Demo accounts are also available for learning purposes. Additionally, they provide customer support to assist traders with their inquiries and concerns, ensuring a responsive and helpful trading experience.
Is Wealth World Markets legit or a scam？
Wealth World Markets is not a regulated broker as there is no proof of a genuine license, despite the claims that it has been successfully registered as a legal entity identifier LEI Number 9845003DI68VB40B6482. The absence of regulation raises concerns about the legitimacy and reliability of the broker. While the lack of a license raises concerns about its legitimacy and regulatory compliance, it is important to note that the absence of a license does not automatically classify it as a scam.
However, it does expose traders to higher risks, as unregulated brokers may operate without proper oversight, potentially engaging in fraudulent activities. It is important to note that trading with an unregulated broker carries higher risks as there is no oversight from a reputable regulatory authority to ensure compliance with industry standards and protect the interests of traders. Traders should exercise caution and conduct thorough research before engaging with any broker, particularly those that lack proper regulation and licensing.
Pros and Cons
Wealth World Markets stands out for its diverse range of trading products, encompassing forex, commodities, indices, and stocks. This provides traders with a wide array of investment options to choose from. Another advantage is their utilization of the MetaTrader 5 platform, renowned for its advanced charting tools and efficient trade execution. The availability of both Standard and Pro Accounts caters to traders of all experience levels, ensuring a suitable option for everyone. Wealth World Markets also provides valuable educational resources through seminars and webinars to support traders in their learning journey. Additionally, the 30% bonus offer enhances trading opportunities by providing additional funds to trade with.
One notable drawback of Wealth World Markets is the absence of clear regulatory information. The lack of a transparent license and regulatory oversight raises concerns regarding investor protection and transparency. Additionally, specific details regarding their pricing structure and spreads are not readily available, which may hinder traders from accurately assessing the overall costs of trading. Lastly, the absence of explicit information on negative balance protection raises concerns about the potential for traders to incur losses exceeding their account balance.
Market Instruments
Wealth World Markets offers a diverse range of market instruments through their brokerage firm. Traders can access major, minor, and exotic currency pairs in the forex market, benefiting from high liquidity and low spreads. Wealth World Markets allows 24/5 trading access to the forex market, enabling traders to participate in this dynamic market and potentially profit from currency price movements.
The platform also allows for quick access to commodities such as UK Brent oil, US crude oil, US natural gas, gold, and silver. Additionally, traders can engage in indices trading with major stock markets worldwide, taking advantage of extended trading hours and the ability to trade both long and short positions. With competitive conditions and real-time market data, Wealth World Markets provides traders with a variety of trading opportunities across forex, commodities, and indices.
Account Types
Wealth World Markets offers two distinct trading account types to cater to the needs of traders at different skill levels and preferences. Let's explore these account types in detail:
Standard Account:The Standard Account offered by Wealth World Markets is designed for novice traders who seek simplicity and direct market access. With a starting deposit requirement of $200, leverage of up to 500:1, and access to over 200 currency pairs and major indices through the MetaTrader 5 platform, it provides an accessible entry point for traders. The account supports various trading styles, including one-click trading, allows the use of expert advisors, and permits hedging strategies, making it suitable for traders looking for a straightforward and comprehensive trading experience.
Pro Account:The Pro Account offered by Wealth World Markets is tailored for experienced traders in need of deep liquidity and tight spreads. With a higher starting deposit requirement of $10,000, leverage of up to 200:1, and access to over 200 currency pairs and major indices through the MetaTrader 5 platform, it offers enhanced trading conditions. The Pro Account supports various trading styles, including one-click trading, allows the use of expert advisors, and permits hedging strategies, catering to the advanced needs of professional traders seeking optimal performance and execution.
Step-by-step on opening an account
Opening an account with Wealth World Markets is a straightforward process. To open an account with Wealth World Markets, follow these steps:
Visit the official website of Wealth World Markets and click on the “Live Account” button located in the top right corner.
Fill out the required information accurately, including your first name, last name, country of residence, and phone number, then confirm your password and enter a PIN for added security.
3. Review and agree with the consent of WWFM to contact you for marketing purposes, understanding that you can opt-out at any time.
4. Once your account is approved, fund your account with the required deposit amount specified by Wealth World Markets to start trading.
Leverage
Wealth World Markets offers different leverage options for traders in both their Standard and Pro account types. Leverage is a key feature in trading that allows traders to control larger positions with a smaller amount of capital. In the Standard Account, traders can access leverage of up to 1:500, while the Pro Account offers leverage of up to 1:200.
The application of leverage in trading enables traders to amplify their potential profits, as even small market movements can result in significant gains. However, it's important to note that leverage also increases the risk of losses, as losses are magnified in proportion to the leverage used.
Trading Platform
Wealth World Markets offers the popular MetaTrader 5 (MT5) trading platform, known for its lightning-fast trade execution and comprehensive features. With competitive pricing, liquidity, and support, MT5 provides impressive charting capabilities and quick trading execution. It is a versatile platform, offering a wide range of analytical tools, the ability to trade stocks and commodities in addition to currencies, and various timeframes.
Traders can create technical indicators, trading robots, and utility applications, utilize one-click trading, access embedded news, and benefit from fundamental analysis based on financial news and an economic calendar. With unlimited charts, 90 indicators, and six types of pending orders, traders can make informed decisions and execute trades efficiently. MT5 is available for Windows, macOS, Android, and iOS, allowing traders to access their accounts and trade on the go.
Deposit & Withdrawal
Wealth World Markets provides convenient and automated deposit methods for funding your trading account. To deposit funds, you can log in to your Client Portal and choose from various payment methods such as Crypto (USDT), Bank Transfer, Mobile Money, or Credit/Debit Card. It's important to note that Wealth World Markets does not accept payments from third parties, and while they do not charge additional fees for deposits, there may be fees incurred when making payments to international banking institutions. All deposits and withdrawals are processed during standard business hours, from 10 am to 7 pm (GMT+4), Sunday to Friday.
With Wealth World Markets, withdrawing funds from your trading account is easy and straightforward. Simply log in to your Client Portal and select the desired payment method for withdrawal, which includes options such as Crypto (USDT), Bank Transfer, Mobile Money, or Credit/Debit Card. It's worth mentioning that if a withdrawal request is made after a period of no trading activity, Wealth World Markets reserves the right to charge the equivalent amount of any banking fees incurred. Like deposits, withdrawals may also incur fees when making payments to international banking institutions. All withdrawal and deposit requests are processed during standard business hours.
Bonus Offers
Wealth World Markets offers a promotional bonus that can enhance your trading experience. By activating the 30% Deposit Bonus, you can make your trading more efficient. The bonus amount is 30% of the deposited amount, with a maximum limit of $2500. The bonus trading period is unlimited, allowing you to trade with the bonus amount over an extended period. There are no limitations on the profit you can earn through the bonus. It's important to note that this bonus is credited when the deposit is made via crypto (USDT) only. This promotional offer provides traders with an opportunity to maximize their trading potential and capitalize on their deposited funds.
Customer Support
Wealth World Markets offers a comprehensive customer support system to assist traders in their online Forex and CFDs trading journey. Clients can take advantage of the live chat feature on the company's website, enabling them to engage in real-time conversations with knowledgeable customer service representatives. Additionally, clients can reach out to Wealth World Markets via email at support@wealthworldmarkets.com, providing them with a convenient way to communicate more detailed inquiries or requests.
Moreover, Wealth World Markets understands the importance of accessibility and offers the option to connect with them through WhatsApp. Whether clients are new to trading or experienced traders, Wealth World Markets' customer support team is available 24 hours a day, five days a week, ensuring that they have the assistance they need throughout their trading journey.
Educational Resources
Wealth World Markets offers a variety of educational resources to support traders in their learning journey. For beginners and experienced traders, they provide seminars and video guides that cover the basics of trading and navigation of the MetaTrader 5 platform. These resources serve as valuable tools to enhance traders' skills and knowledge.
To further deepen traders' understanding, Wealth World Markets conducts educational webinars that explore trading concepts, strategies, and market analysis. These webinars are led by industry experts and provide valuable insights into the risks and rewards of trading. Additionally, Wealth World Markets offers a demo account that allows traders to practice their trading strategies in a risk-free environment.
Conclusion
As a conclusion, Wealth World Markets is an online trading firm that provides access to a diverse range of trading products, including forex, commodities, indices, and stocks. Through the MetaTrader 5 platform, traders can take advantage of advanced charting tools and efficient trade execution. The company offers both Standard and Pro Accounts to cater to the needs of traders at different experience levels. Additionally, Wealth World Markets is committed to providing valuable educational resources such as seminars, webinars, and video guides to support traders in their learning and development.
However, it is important to note that Wealth World Markets currently lack clear regulatory information, which may raise concerns regarding investor protection and transparency. Furthermore, specific details on pricing and spreads are not readily available, which may hinder traders from accurately assessing the overall costs of trading. Traders should consider these aspects and exercise caution.
FAQs
Q: Is Wealth World Markets a regulated broker？
A: The genuine license regarding the regulatory status is unable to be provided, hence it is classified as an unregulated broker.
Q: What market instruments can I trade with Wealth World Markets？
A: You can trade forex, commodities, indices, and stocks.
Q: What leverage is available for trading？
A: Up to 1:500 for Standard Account and up to 1:200 for Pro Account.
Q: What is the minimum deposit required to open an account？
A: The minimum deposit is $200 for the Standard Account and $10,000 for the Pro Account.
Q: What deposit and withdrawal methods are available？
A: You can use Crypto (USDT), Bank Transfer, Mobile Money, or Credit/Debit Card for deposits and withdrawals.
2024-10-30 14:45
