WDC Markets Review: Scam Forex Broker! - Topedgefx.com

WDC Markets Review: Scam Forex Broker!

WDC Markets operating from wdcmarkets.com is a Forex broker offering over 300 financial assets from 3 types of trading accounts.

The 3 trading account types include Self-trading account, Robot trading and Copy trading.

Minimum deposit is 250 Euros or its GBP equivalent. For robot and copy trading accounts, investors rely on “Highly advanced AI” and state of the art artificial intelligence to place “highly accurate trades”.

WDC Markets broker review

With these highly praised trading software, we expected the broker to provide some proof of good trading performance.

This is not the case and we therefore discourage the use of bogus trading software and instead request traders to explore these options.

Of course copy trading is for those who want to follow other successful traders.

WDC Markets maximum leverage is up to 1:500.

Commission charged per lot is anywhere from 0 to 100 Euros or GBP, which is quite expensive compared to what well-known professional Forex brokers charge their customers.

WDC Markets does not appear to offer the popular MT4 or MT5 trading software.

This is the standard in the Forex marketplace and if a broker cannot offer it, they are losing out on serious traders.

Is WDC Markets legit broker?

WDC Markets is owned and operated by a company called FTG Solutions LTD.

FTG Solutions LTD is registered in the British Virgin Islands and operated from Tornimae 5, Tallinn, 10145, Estonia.

This is basically an offshore location which is also synonymous with hosting rogue Forex brokers.

This also explains why WDCMarkets is not a licensed broker. Contrary to what they say, the funds of their clients are not safe.

We also found out that the Spanish National Securities Market Commission warned investor against trading with this unregulated broker because there have been several reports of this broker holding funds.

Conclusion

While their website may seem attractive and convincing, the fact remains that WDCMarkets.com is a scamsite running a dubious Forex brokerage operation.

You need to avoid such Forex brokers at all cost.

2 Comments

  1. Hans Hartelt January 20, 2021
  2. Rob Gregory February 25, 2021

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