Wocom-Some important Details about This Broker

Wocom was founded in 1970 in Hong Kong. It offers various types of products, such as stocks, options, futures, and forex. Besides, it uses a web-based platform and a mobile APP as its trading platforms, and it provides multiple channels for customer support. Moreover, it is regulated by SFC. However, it does not reveal much information about accounts and trading details on its official website.

Pros and Cons

Is WOCOM Legit?

Yes, Wocom is regulated by the Securities and Futures Commission of Hong Kong (SFC).

WikiFX Field Survey

WikiFX field survey team visited Wocom's regulatory address in Hong Kong, and we found its physical office.

What Can I Trade on WOCOM?

Wocom provides various types of products, including Local Securities (Margin Financing), China Connect, IPO (Margin, International Placing), Stock Options, Foreign Stocks, Unit Trust, Local Futures, Foreign Futures, and Forex.

WOCOM Fees

Wocom charges different amount of fees, depending on the types of products, as is shown on its official website.

You can find more detailed fee info via https://wocom.com.hk/commission-and-fee/

Trading Platform

Wocom uses 2 types of platforms, including webtrader and mobile APP.

The service hours are from Monday to Friday (excluding public holidays), extending from 8:30 a.m. to 9:30 p.m.

Deposit and Withdrawal

Wocom supports several types of deposit methods, including Faster Payment System (FPS), Payment by Phone Service (PPS), Bank Transfer and Cheque Deposit, and Telegraphic Transfer. However, other details such as the withdrawal options, the processing time, and fees, are not clear.