In this section we will analyze the broker WDC Markets (also called wdcmarkets.com), is a Forex and CFD broker. Is WDC Markets really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on WDC Markets. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: FTG Solutions LTD.
As to its location, the broker mentions being based in: British Virgin Islands.
If we analyze the regulation of the broker: it does not mention anything about owning regulation, so we believe that it is an unregulated broker.
If now we go on to analyze account types offered by WDC Markets, we note that they offer 3 different types of account / plans: Self-Trading Account, Robot Trading Account and Copy Trading Account. We leave an image with a little information about each type of account.
Self-Trading Account: financial education, daily market alerts, access to the knowledge center, access to forex news, personal account manager.
Robot Trading Account: automated trading, financial education, daily market alerts, access to knowledge center, access to forex news, personal account manager.
Copy Trading Account: trading copy trading (copying other investors), financial education, daily market alerts, access to the knowledge center, access to forex news, personal account manager.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that WDC Markets offers are: WDC Markets own platform.
We will now analyze the different resources and aids for traders that WDC Markets provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
WDC Markets provides the following help or resources to traders or interested parties: explanation of WDC Markets financial products, explanation of some basic concepts about the world of investments, frequently asked questions section, glossary, economic calendar, some live charts, some ebooks, really not much more than this.
| Other information about WDC Markets |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+ 44 1213681302
Email: [email protected]
>>> Assessment on WDC Markets <<
Ending with this section, in our opinion Do we believe that WDC Markets company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries. We suggest using caution.
⛔ Update March 2020 ⛔- Based on customer feedback, WDC Markets appears to be connected to highly disreputable brokers such as KontoFX, Olympia Markets, OlympiusGlobal, Uprofx y ProuFX. We suggest extreme caution.
⛔ Update March 2020 ⛔: the CNMV, the Spanish financial regulator, has issued a warning against WDC Markets.
➡️ Link to the CNMV March 2020 warning
⛔ Attention ⛔ : in February 2021 FCA added WDC Markets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : In August 2021 BVIFSC (British Virgin Islands) issued a clarification regarding the regulation of WDC Markets, from the entity they assure that this broker is not regulated by them and never has been. ⛔ WE SUGGEST EXTREME CAUTION ⛔
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.