Weastar Global Markets Ltd Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-18 13:54

Abstract：Weastar Global Markets Ltd is established in 2024 and based in the United Kingdom. It offers various trading products through their Trading Web APP. It provides ECN and STP account types with leverage options ranging from 1:50 to 1:500. However, their licenses have been regarded as suspicious clones.

　　Note: Weastar Global Markets Ltd' official website: https://weastartop.com/ is currently inaccessible normally.

Weastar Global Markets Ltd Review Summary
Founded	2024
Registered Country/Region	United Kingdom
Regulation	VFSC/ASIC (suspicious clone)
Market Instruments	Forex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and Indices
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.2 pips
Trading Platform	TW APP (IOS, Android, MAC)
Min Deposit	$500
Customer Support	Email: info@weastartop.com
Customer Support	Address: FLAT 43 PERKINS HOUSEWALLWOOD STREET, LONDON, ENGLAND, E14 7AH

　　Weastar Global Markets Ltd is established in 2024 and based in the United Kingdom. It offers various trading products through their Trading Web APP. It provides ECN and STP account types with leverage options ranging from 1:50 to 1:500. However, their licenses have been regarded as suspicious clones.

Pros and Cons

Pros	Cons
Diverse trading instruments	Suspicious clone VFSC and ASIC licenses
Multiple leverage options	Inaccessible website
	High minimum deposit
	No demo accounts

Is Weastar Global Markets Ltd Legit?

　　Weastar Global Markets Ltd claims it regulated by the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC) . However, both of them are suspicious as fake clones. Therefore, it is not a legit broker.

The Vanuatu Financial Services Commission (VFSC)
Regulatory Status	Suspicious Clone
Regulated by	Vanuatu
Licensed Institution	Doo Prime Vanuatu Limited
Licensed Type	Retail Forex License
Licensed Number	700238

The Australian Securities and Investments Commission (ASIC)
Regulatory Status	Suspicious Clone
Regulated by	Australia
Licensed Institution	PB CAPITAL AUSTRALIA PTY LTD
Licensed Type	Investment Advisory License
Licensed Number	269820

What Can I Trade on Weastar Global Markets Ltd?

　　Weastar Global Markets Ltd offers trading in Forex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and Indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
Metals	✔
Bonds	❌
Mutual Funds	❌

What Can I Trade on Weastar Global Markets Ltd?

Account Type

　　Weastar Global Markets Ltd offers two kinds of live accounts including the ECN and the STP accounts. They require the minimum deposit of $500, higher than regulated brokers.

Leverage

　　Weastar Global Markets Ltd offers a variety of leverage options, with levels available at 1:50, 1:100, 1:200, 1:400, and 1:500. You can choose different leverage to amplify your trade amount.

Weastar Global Markets Ltd Fees

　　Weastar Global Markets Ltd provides spreads across varying account types and financial instruments traded. ECN accounts offer spreads as low as 0.0 pips. In contrast, STP accounts start from 1.8 pips.

　　Besides, EURUSD offers an exceptionally low average spread of 0.2 pips, while USDZAR has a significantly higher average spread of 28.5 pips.

Trading Platform

　　Weastar Global Markets Ltd offers the TRADINGWEB platform, a web-based trading interface designed for simplicity and efficiency. Accessible directly via web browsers, TRADINGWEB provides trading with the IOS, Android, and MAC versions.