Walt Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-14 12:24

Abstract：Walt Markets, founded in 2023 and registered in Saint Vincent and the Grenadines, is an unregulated trading platform offering CFDs on forex and stocks. It provides access to MetaTrader 4 and 5, with leverage up to 1:2000, a minimum deposit of $15, and spreads starting at 0.0 pips. The platform charges no commission for standard account and supports demo accounts.

　　Note: Walt Markets' official website: https://www.waltmarkets.com/ is currently inaccessible normally.

Walt Markets Review Summary
Founded	2023
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No Regulation
Market Instruments	CFD Forex; CFD Stocks
Demo Account	✅
Leverage	Up to 1:2000
Spread	From 1.8 pips (Standard account)
Trading Platform	MetaTrader 4 and 5
Min Deposit	$15
Customer Support	Address: Suite 305, Griffith Corporate Centre, Beachmonth, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines
Customer Support	24/7 live chat, contact form
Regional Restrictions	Afghanistan, Iran, ISIL, Libya, Mali, Somalia, Sudan, Yemen, Sri Lanka, Russia, etc.

　　Walt Markets, founded in 2023 and registered in Saint Vincent and the Grenadines, is an unregulated trading platform offering CFDs on forex and stocks. It provides access to MetaTrader 4 and 5, with leverage up to 1:2000, a minimum deposit of $15, and spreads starting at 0.0 pips. The platform charges no commission for standard account and supports demo accounts.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
Diverse account types	Non-functional website
Low minimum deposit	Limited trading markets
Commission-free on the Standard account	Wide spreads
	Regional restrictions

Is Walt Markets Legit?

　　At present, Walt Markets lacks valid regulation. Its domain was registered on Nov 1, 2023, and expired on Nov 1, 2024. Its website can't be visited currently. We advise you to look for another regulated one.

What Can I Trade on Walt Markets?

Tradable Instruments	Supported
CFDs on Forex	✔
CFDs on Stocks	✔
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Walt Markets offers five types of accounts.

Account Type	Standard	Prime RAW	Prime Platinum	cTrader Standard	cTrader ECN
Min Deposit	$15	$150		$15	$150
Max Leverage	1:2000	1:500		1:2000	1:500
Spread	From 1.8 pips	From 0.0 pips
Commission	❌	$7/lot
Trading Platform	MT4	MT4 ECN	MT5	cTrader	cTrader ECN

Leverage

　　The max leverage for Standard and cTrader Standard accounts is up to 1:2000. Prime RAW, Prime Platinum, and cTrader ECN accounts offer up to 1:500 leverage. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

　　The Standard and cTrader Standard accounts offer spreads starting from 1.8 pips, with no commission. The Prime RAW, Prime Platinum and cTrader ECN accounts provide spreads from 0.0 pips and a commission of $7 per lot.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	iOS, macOS, Windows, and Android	Beginners
MT5	✔	iOS, macOS, Windows, and Android	Experienced traders