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Wandt
United States|1-2 years| https://www.wandt.cc
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WandtFx Group Limited
Wandt
United States
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 0.0 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 1 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
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$(USD)
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Wandt · Company Summary
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.
| Account Type | Spresds | Commissions |
| Standard | 1pips | $0 |
| ECN | 0.0pips | $6 |
Trading Platform
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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