Note: For some unknown reason, we cannot open Wolves Trade Fxs official site (https://wolvestradefx.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Wolves Trade Fx, a trading name of Wolves Trade Fx Limited, presents itself as a global forex and shares broker registered in the United States that claims to provide its clients with leverage up to 1:500 on a demo trader trading platform, as well as a choice of six different live account types.
As for regulation, it has been verified that Wolves Trade Fx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.16/10. Please be aware of the risk.
Market Instruments
Wolves Trade Fx advertises that it is a forex and shares broker that mainly offers forex and shares trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Wolves Trade Fxs website claims to offer two types of trading accounts, namely Classic and Platinum, with a minimum deposit of $500. However, when signing up for an account, it gives a completely different set of account type choices, also starting at $500. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by Wolves Trade Fx is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
There is a demo trader on the Wolves Trade Fxs website, which is a very poor imitation of a trading platform consisting of gif images and non-functioning buttons, just as the below screenshot shows:
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at Wolves Trade Fx is said to be $500. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
Wolves Trade Fxs customer support can be reached by telephone: +1 (727) 655-9838, email: support@wolvestradefx.com. Company address: 1074 Beeghley Street, Huntsville, AL 35816 United States of America.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
