WOCOM Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 17:07

Abstract：WOCOM is a Chinese agency, which designs tailored investment programmes and strategies, aligning them with clients' financial goals to meet their unique requirements. It offers products including stocks, forex and futures.

WOCOM Review Summary
Founded	1995
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Forex, Stocks, Futures
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	WebTrader, mobile APP
Minimum Deposit	/
Customer Support	Email: cs@wocom.com.hk
	Tel: (852) 2853-0111
	WhatsApp: (852) 5616-0672

WOCOM Information

　　WOCOM is a Chinese agency, which designs tailored investment programmes and strategies, aligning them with clients' financial goals to meet their unique requirements. It offers products including stocks, forex and futures.

Pros and Cons

Pros	Cons
Regulated by SFC	Limited product types
Many payment options	Limited platform options
Long operational history	Inactivity fees charged

Is WOCOM Legit?

Regulated Authority	Current Status	Licensed Entity	Regulated Country	License Type	License No.
Securities and Futures Commission of Hong Kong	Regulated	Wocom Foreign Exchange Co. Limited	China	Leveraged foreign exchange trading	ACL076
Securities and Futures Commission of Hong Kong	Regulated	Wocom Limited	China	Dealing in futures contracts	AAH843
Securities and Futures Commission of Hong Kong	Exceeded	Wocom Securities Limited	China	Dealing in securities	AAC230
Securities and Futures Commission of Hong Kong	Exceeded	Wocom Investment Management Limited	China	Advising on securities	AAG705

What Can I Trade on WOCOM?

　　WOCOM offers a range of trading products, including forex, stocks, and futures.

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Futures	✔
Commodities	❌
Cryptos	❌
CFDs	❌
Indices	❌
ETFs	❌

Account Types

　　WOCOM offers 2 types of trading accounts, one for individuals and the other for companies, which requires different documentation.

WOCOM Fees

　　Overall, WOCOM's trading fees are flexible. The spread and swap fee are not mentioned, and the commissions depend on different markets.

Securities Trading	Brokerage Commission
Hong Kong Securities	Commission Negotiable
China Stock Connect	Commission Negotiable

Non-Trading Fees	Details
Deposit Fee	Not mentioned
Withdrawal Fee (Stock Withdrawal through CCASS)	For SI: HK$ 200 /stock/transaction
	For ISI: HK$ 200 /stock/transaction
	For SI: CNY200 /stock/transaction
Inactivity Fee	HK$ 100 semi-annual

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
WebTrader	✔	Web	/
APP	✔	Android, iOS	/
MetaTrader 4 (MT4)	❌	/	Beginners
MetaTrader 5 (MT5)	❌	/	Experienced traders

Deposit and Withdrawal

Deposit Options	Minimum Deposit	Fees	Processing Time
Faster Payment System (FPS)	Not mentioned	Not mentioned	Same day (if before 4:00 pm on trading days)
Payment by Phone Service (PPS)	Not mentioned	Not mentioned	Same day (if before 7:00 pm on trading days)
Bank Transfer and Cheque Deposit (applicable to online banking, bank counter, ATM and cheque deposit machine)	Not mentioned	Not mentioned	Same day (if before 4:00 pm on trading days)
Telegraphic Transfer (applicable to overseas clients)	Not mentioned	Not mentioned	2-3 working days