WRC1 Spreads, leverage, minimum deposit Revealed

WRC1 Information

　　Founded in 2023 and incorporated in Mauritius, WRC1 boasts over 300 trading assets ranging from stocks, indices, commodities, metals to Forex and cryptocurrency. WRC1 is still under control even with its varied array of products, which increases trading risks.

Pros and Cons

Is WRC1 Legit?

　　No acknowledged financial authority regulates WRC1. It is not licensed in Mauritius, where it is registered, and it is not subject to the supervision of internationally renowned regulatory agencies like the FCA (UK), ASIC (Australia), or other significant authorities.

　　Wrc1.com was registered on June 21, 2023, and expires on June 21, 2025. The last update was October 25, 2023.

What Can I Trade on WRC1?

　　Currency pairs, indices, commodities, stocks, cryptocurrencies, metals, and more than 300 trading assets are all available on WRC1. The instruments that were supported are summarized below:

Account Types

　　Designed for traders with varying degrees of experience, WrPro provides five types live accounts—Diamond, Gold, Silver, Bronze, and Classic. They do not specifically mention Islamic account availability but demo account is available.

Leverage

　　On Classic accounts, WrPro provides leverage ranging from up to 100x; on Diamond accounts, 500x. This gives traders flexibility to choose depending on their risk tolerance and trading plan.

WRC1 Fees

　　Trading fees at WRC1 are higher than typical, especially for entry-level accounts. Diamond accounts have 0.6-pip spreads, whereas Classic accounts have default, greater spreads. Example: Premium accounts can get EUR/USD spreads as little as 16 PIPS, whereas BTC/USD costs 4000 PIPS.

Trading Platform

Deposit and Withdrawal

　　WRC1 allows deposits and withdrawals with no specified fees, making it accessible for traders. The minimum deposit amount is 500 USD, while the minimum withdrawal amount is 50 USD.