Abstract: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.
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, 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 | 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 |
It is clear that Wandt, which was registered in 1996 and is currently unregulated, is insecure.
Wandt offers traders the opportunity to trade over Forex, Metals, Commodities, Indices.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Metals | ✔ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
Futures | ❌ |
Options | ❌ |
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.
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 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 |
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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