Wandt

WikiFX | 2024-10-30 11:02

abstrak：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 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.