WGL

WGL Information

WGL is an online brokerage that facilitates trading in forex, indices, commodities and cryptocurrencies, offering leverage of up to 1:500 and a starting spread of 0.0. It is registered in Vanuatu and has been operating for more than 5 years.

Pros and Cons

Is WGL Legit?

WGLoperates without regulation of any regulatory institutions. It had been licensed by the Vanuatu Financial Services Commission (VFSC), but that has now been revoked.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	VFSC	Revoked	VATEE PTY LIMITED	Retail Forex License	40097

What Can I Trade on WGL?

Clients get services of trading Forex, Indices (NASDAQ, S&P500, Dow Jones, DAX30, CAC40, FTSE100, and Nikkei225), Commodities (Gold, Silver, Oil, and Natural Gas), Cryptocurrencies (Bitcoin, Ethereum, and Litecoin) from WGL.

Account Types

WGLoffers three live account types, namely Starter Account, Advanced Account, and Pro Elite Account.

Starter accounts require a minimum deposit of $100. The spread, starting at 1.0, leverages up to 1:200

Advanced Accounts require a minimum deposit of $1,000. It starts with a spread of 0.5 points and leverages up to 1:400.

Pro Elite accounts require a minimum deposit of $10,000. The spread, starting at 0.1 point, leverages up to 1:500.

Leverage

WGL offers a maximum trading leverage of up to 1:500.

WGL Fees

The spread of the Starter Account, Advanced Account, and Pro Elite Account is 1, 0.5, 0.1 respectively.

Trading Platform

MetaTrader 4 (MT4), MetaTrader 5 (MT5) are the platforms chosen by WGL for clients.

Deposit and Withdrawal

WGL offers a variety of methods of deposit and withdrawal, including Bank Wire Transfers, Credit/Debit Card, E-Wallet Services, Bank Wire Transfers, Credit/Debit Card Refunds, and E-Wallet Withdrawals.