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Weastar Global Markets Ltd -

Score

1.21 /10
Danger

Weastar Global Markets Ltd

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://weastartop.com/en

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.67

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Weastar Global Markets Ltd

Company Abbreviation

Weastar Global Markets Ltd

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700238) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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Weastar Global Markets Ltd · Company summary

Note: Weastar Global Markets Ltd' official website: https://weastartop.com/ is currently inaccessible normally.

Weastar Global Markets Ltd Review Summary
Founded2024
Registered Country/RegionUnited Kingdom
RegulationVFSC/ASIC (suspicious clone)
Market InstrumentsForex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and Indices
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.2 pips
Trading PlatformTW APP (IOS, Android, MAC)
Min Deposit$500
Customer SupportEmail: info@weastartop.com
Address: FLAT 43 PERKINS HOUSEWALLWOOD STREET, LONDON, ENGLAND, E14 7AH

Weastar Global Markets Ltd is established in 2024 and based in the United Kingdom. It offers various trading products through their Trading Web APP. It provides ECN and STP account types with leverage options ranging from 1:50 to 1:500. However, their licenses have been regarded as suspicious clones.

Weastar Global Markets Ltd's homepage

Pros and Cons

Pros Cons
Diverse trading instrumentsSuspicious clone VFSC and ASIC licenses
Multiple leverage optionsInaccessible website
High minimum deposit
No demo accounts

Is Weastar Global Markets Ltd Legit?

Weastar Global Markets Ltd claims it regulated by the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC) . However, both of them are suspicious as fake clones. Therefore, it is not a legit broker.

The Vanuatu Financial Services Commission (VFSC)
Regulatory Status Suspicious Clone
Regulated by Vanuatu
Licensed Institution Doo Prime Vanuatu Limited
Licensed TypeRetail Forex License
Licensed Number700238
Suspicious clone VFSC license
The Australian Securities and Investments Commission (ASIC)
Regulatory Status Suspicious Clone
Regulated by Australia
Licensed Institution PB CAPITAL AUSTRALIA PTY LTD
Licensed TypeInvestment Advisory License
Licensed Number269820
Suspicious clone ASIC license

What Can I Trade on Weastar Global Markets Ltd?

Weastar Global Markets Ltd offers trading in Forex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and Indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks✔
Metals✔
Bonds❌
Mutual Funds❌
What Can I Trade on Weastar Global Markets Ltd?

Account Type

Weastar Global Markets Ltd offers two kinds of live accounts including the ECN and the STP accounts. They require the minimum deposit of $500, higher than regulated brokers.

Account comparison

Leverage

Weastar Global Markets Ltd offers a variety of leverage options, with levels available at 1:50, 1:100, 1:200, 1:400, and 1:500. You can choose different leverage to amplify your trade amount.

Weastar Global Markets Ltd Fees

Weastar Global Markets Ltd provides spreads across varying account types and financial instruments traded. ECN accounts offer spreads as low as 0.0 pips. In contrast, STP accounts start from 1.8 pips.

Besides, EURUSD offers an exceptionally low average spread of 0.2 pips, while USDZAR has a significantly higher average spread of 28.5 pips.

Weastar Global Markets Ltd Fees

Trading Platform

Weastar Global Markets Ltd offers the TRADINGWEB platform, a web-based trading interface designed for simplicity and efficiency. Accessible directly via web browsers, TRADINGWEB provides trading with the IOS, Android, and MAC versions.

TRADINGWEB platform

User Reviews

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User comment

4

Comments

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Sarguna Raj
more than one year
The platform is intuitive and stable, making my trading experience smooth and enjoyable. Plus, Excellent risk management tools. WealthFX's stop-loss and take-profit features work flawlessly.
The platform is intuitive and stable, making my trading experience smooth and enjoyable. Plus, Excellent risk management tools. WealthFX's stop-loss and take-profit features work flawlessly.
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2024-07-22 15:25
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Jackie Lee
more than one year
While WGM offers margin trading, their rates aren't necessarily the most competitive. It might be worth comparing options before using margin.
While WGM offers margin trading, their rates aren't necessarily the most competitive. It might be worth comparing options before using margin.
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2024-06-28 14:10
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