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Wandt -

No Regulation

Score

1.16 /10

Danger

Wandt

Item: Wandt
Rating: 1.16

United States

1-2 years

Suspicious Regulatory License

High potential risk

https://www.wandt.cc

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Comparison

Expose

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index4.30

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine

Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

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

Single Core

40G

open now

Broker Information

Company Name

WandtFx Group Limited

Company Abbreviation

Wandt

Platform registered country and region

United States

Company website

https://www.wandt.cc

Company summary

Pyramid scheme complaint

Expose

Wandt · Company summary

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 Information

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 and Cons

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

Is Wandt Legit?

It is clear that Wandt, which was registered in 1996 and is currently unregulated, is insecure.

What Can I Trade on Wandt?

Wandt offers traders the opportunity to trade over Forex, Metals, Commodities, Indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Futures	❌
Options	❌

Account Types

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.

Leverage

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 Fees

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

Trading Platform

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	❌

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-13

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1：500
Minimum Deposit	$200
Minimum spread	From 0.0
Products	250+ Currency pairs, Indices, Commodities, Share CFDs

Currency	--
Minimum position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	$6

Wandt · Company summary

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 Information

Pros and Cons

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

Is Wandt Legit?

It is clear that Wandt, which was registered in 1996 and is currently unregulated, is insecure.

What Can I Trade on Wandt?

Wandt offers traders the opportunity to trade over Forex, Metals, Commodities, Indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Futures	❌
Options	❌

Account Types

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.

Leverage

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 Fees

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.