User Reviews
More
User comment
3
CommentsWrite a review
Score
United States
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index4.48
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
WandtFx Group Limited
Company Abbreviation
Wandt
Platform registered country and region
United States
Company website
Company summary
Pyramid scheme complaint
Expose
Note: Wandt's official website: https://www.wandt.cc is currently inaccessible normally.
Wandt Review Summary | |
Found | 1996 |
Registered Country/Region | United States |
Regulation | No regulation |
Market Instruments | Forex, Metals & Commodities, Indices |
Demo Account | ✔ |
Leverage | Up to 1:500 |
Spread | From 0.0 pips |
Account Type | Standard & ECN |
Trading Platform | MT4 |
Min Deposit | $200 |
Commission | No commissions for Standard account, $6 commission per lot for the ECN account |
Wandt, founded in 1996, is a brokerage registered in the United States. The trading instruments it provides cover Forex, Metals, Commodities, Indices. It provides 2 accounts and MT4 platform. But it is currently unregulated and lacks security.
Pros | Cons |
Multiple Market Instruments | No Regulation |
Diverse Account Types | No customer support channels provided |
Demo account available | |
Competitive spreads starting from 0.0 pips | |
Utilization of MetaTrader 4 trading platform |
It is clear that Wandt, which was registered in 1996 and is currently unregulated, is insecure.
Wandt offers traders the opportunity to trade over Forex, Metals, Commodities, Indices.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Metals | ✔ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
Futures | ❌ |
Options | ❌ |
Wandtoffers 2 different types of accounts to traders - Standard Account and ECN Account. The two accounts' minimum deposit is $200. Wandt also provides a demo account.
Wandt offers the maximum trading leverage of up to 1:500. It is worth noting that high leverage means high returns but also high risks.
Wandt claims to offer low spreads.The Standard Account spreads starts from 1 pips and charges no commissions. The ECN Account spreads starts from 0.0 pips, but it charges $6 per round trade.
Account Type | Spresds | Commissions |
Standard | 1pips | $0 |
ECN | 0.0pips | $6 |
Wandt's trading platform is MT4, which supports traders on PC and Mobile.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Web, Mobile | Beginner |
MT5 | ❌ |
More
User comment
3
CommentsWrite a review