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No Regulation

Score

2.06 /10

Danger

WM Markets

Item: WM Markets
Rating: 2.06

Comoros

2-5 years

Suspicious Regulatory License

White label MT4

Global Business

High potential risk

http://en.wmmarkets.com

Influence

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index5.44

Risk Management Index0.00

Software Index8.99

License Index0.00

Open Account

Website

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

40G

open now

Broker Information

Company Name

WM Markets Ltd

Company Abbreviation

WM Markets

Platform registered country and region

Comoros

Company website

http://en.wmmarkets.com

Company summary

Pyramid scheme complaint

Expose

WM Markets · Company summary

WM Markets Review Summary
Founded	2019-10-31
Registered Country/Region	Comoros
Regulation	Unregulated
Market Instruments	Forex, Commodities, Stocks, Cryptocurrencies, Indices, ETFs, Energies, and Treasuries
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.0 pips
Trading Platform	MT5 (Desktop, Mobile, and Web), MT4 (PC, Mac, Android, iOS, Web, Tablet, iPhone, iPad), WM Markets App
Min Deposit	$50
Customer Support	support@wmmarkets.com
	+44 1613940573
	Bonovo Road, Fomboni, Island of Moheli, Comoros Union

WM Markets Information

WM Markets is a global financial trading platform that offers trading services for multiple asset classes, including foreign exchange (Forex), contracts for difference (CFDs), and stocks. It supports trading via MT4, MT5, and mobile applications, and provides a loyalty rewards program, making it suitable for traders of different experience levels.

Pros and Cons

Pros	Cons
Multiple trading instruments	Unregulated
Spreads as low as 0.0 pips (Forex)	Opaque cryptocurrency leverage
$0 commission (stocks and ETFs)	Missing account types
MT4 and MT5 available

Is WM Markets Legit?

In fact, WM Markets is not regulated, and the WM Markets website does not clearly disclose specific regulatory authorities (such as FCA, ASIC, etc.) and license information.

What Can I Trade on WM Markets?

The platform supports trading of multiple asset classes (all traded as CFDs), such as forex, indices, stocks, commodities, energies, cryptocurrencies, treasuries, and ETFs. Specific products include:

Over 45 currency pairs, such as AUDUSD and EURUSD.

15+ major global indices, such as the S&P 500 and Dow Jones Industrial Average.

100+ popular stocks, such as Apple, Microsoft, and NVIDIA.

Soft commodities like coffee and sugar, and precious metals like gold and silver.

Energies include crude oil (Brent, WTI) and natural gas.

Leading cryptocurrencies like Bitcoin and Ethereum.

U.S. Treasury futures, German Bund futures, and exchange-traded funds (ETFs) with $0 commission to support diversified investing.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
ETFs	✔
Energies	✔
Treasuries	✔

Account Type

The VIP ZERO account is specially tailored for high-net-worth individuals. The WM Markets VIP ZERO account is suitable for holders of ZERO MT4 and ZERO MT5 trading accounts. The Prime account is more suitable for beginners.

Account Type	Zero	Prime
Suitable for	Forex pros	Beginner traders
Minimum Deposit	$1000	$50
Spreads from	0.0 pips	1.0 pips
Max Leverage	1:1000	1:1000
Commission	$8 (Forex & Metals CFDs/Round Lot)	$8 (Crypto CFDs/Round Lot)
Commission	$0 (all other CFDs)	$0 (all other CFDs)
Islamic / SWAP Free	NOT available	Available
Negative Balance Protection	Yes	Yes
Training provided	No	Yes
Stop Out Level	20%	20%
Margin Call Level	100%	100%

WM Markets Fees

Different markets have different fee requirements for trading. For example, the spread for foreign exchange can be as low as 0.0 pips (such as AUDUSD), and there is a $0 commission for stock and ETF trading.

Trading Platform

Traders can experience automated trading (EA) and multi-account management functions through the MT5 desktop, mobile, and web versions. In addition, the platform also offers the WM Markets App, designed specifically for mobile trading, including copy trading.

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Warning: Low score, please stay away!

Previous Detection : 2026-01-27

This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:2000
Minimum Deposit	$50
Minimum spread	from 1.0
Products	--

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	$0 commission on Forex CFDs $8 Commission on Crypto CFDs/Round Lot $0 commission on all other CFDs

WM Markets · Company summary

WM Markets Review Summary
Founded	2019-10-31
Registered Country/Region	Comoros
Regulation	Unregulated
Market Instruments	Forex, Commodities, Stocks, Cryptocurrencies, Indices, ETFs, Energies, and Treasuries
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.0 pips
Trading Platform	MT5 (Desktop, Mobile, and Web), MT4 (PC, Mac, Android, iOS, Web, Tablet, iPhone, iPad), WM Markets App
Min Deposit	$50
Customer Support	support@wmmarkets.com
	+44 1613940573
	Bonovo Road, Fomboni, Island of Moheli, Comoros Union

WM Markets Information

Pros and Cons

Pros	Cons
Multiple trading instruments	Unregulated
Spreads as low as 0.0 pips (Forex)	Opaque cryptocurrency leverage
$0 commission (stocks and ETFs)	Missing account types
MT4 and MT5 available

Is WM Markets Legit?

In fact, WM Markets is not regulated, and the WM Markets website does not clearly disclose specific regulatory authorities (such as FCA, ASIC, etc.) and license information.

What Can I Trade on WM Markets?

The platform supports trading of multiple asset classes (all traded as CFDs), such as forex, indices, stocks, commodities, energies, cryptocurrencies, treasuries, and ETFs. Specific products include:

Over 45 currency pairs, such as AUDUSD and EURUSD.

15+ major global indices, such as the S&P 500 and Dow Jones Industrial Average.

100+ popular stocks, such as Apple, Microsoft, and NVIDIA.

Soft commodities like coffee and sugar, and precious metals like gold and silver.

Energies include crude oil (Brent, WTI) and natural gas.

Leading cryptocurrencies like Bitcoin and Ethereum.

U.S. Treasury futures, German Bund futures, and exchange-traded funds (ETFs) with $0 commission to support diversified investing.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
ETFs	✔
Energies	✔
Treasuries	✔

Account Type

Account Type	Zero	Prime
Suitable for	Forex pros	Beginner traders
Minimum Deposit	$1000	$50
Spreads from	0.0 pips	1.0 pips
Max Leverage	1:1000	1:1000
Commission	$8 (Forex & Metals CFDs/Round Lot)	$8 (Crypto CFDs/Round Lot)
Commission	$0 (all other CFDs)	$0 (all other CFDs)
Islamic / SWAP Free	NOT available	Available
Negative Balance Protection	Yes	Yes
Training provided	No	Yes
Stop Out Level	20%	20%
Margin Call Level	100%	100%

WM Markets Fees

Trading Platform

News

ExposureWM Markets Review (2025): Is this Broker Safe or a Scam?

When evaluating a financial service provider, the most critical metric is trust. For WM Markets, the indicators point immediately toward caution rather than confidence. With a WikiFX Score of 2.04 out of 10, this broker sits firmly in the potential danger zone.