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No Regulation
Score
2.00 /10
Danger
WM Markets
1-2 yearsSuspicious Regulatory License
White label MT4
Global Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.88
Risk Management Index0.00
Software Index9.12
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2025-06-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| WM Markets Review Summary | |
| Founded | 2019-10-31 |
| Registered Country/Region | Comoros |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Stocks, Cryptocurrencies, Indices, ETFs, Energies, and Treasuries |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | MT5 (Desktop, Mobile, and Web), MT4 (PC, Mac, Android, iOS, Web, Tablet, iPhone, iPad), WM Markets App |
| Min Deposit | $50 |
| Customer Support | support@wmmarkets.com |
| +44 1613940573 | |
| Bonovo Road, Fomboni, Island of Moheli, Comoros Union | |
WM Markets Information
WM Markets is a global financial trading platform that offers trading services for multiple asset classes, including foreign exchange (Forex), contracts for difference (CFDs), and stocks. It supports trading via MT4, MT5, and mobile applications, and provides a loyalty rewards program, making it suitable for traders of different experience levels.
Pros and Cons
| Pros | Cons |
| Multiple trading instruments | Unregulated |
| Spreads as low as 0.0 pips (Forex) | Opaque cryptocurrency leverage |
| $0 commission (stocks and ETFs) | Missing account types |
| MT4 and MT5 available |
Is WM Markets Legit?
In fact, WM Markets is not regulated, and the WM Markets website does not clearly disclose specific regulatory authorities (such as FCA, ASIC, etc.) and license information.
What Can I Trade on WM Markets?
The platform supports trading of multiple asset classes (all traded as CFDs), such as forex, indices, stocks, commodities, energies, cryptocurrencies, treasuries, and ETFs. Specific products include:
Over 45 currency pairs, such as AUDUSD and EURUSD.
15+ major global indices, such as the S&P 500 and Dow Jones Industrial Average.
100+ popular stocks, such as Apple, Microsoft, and NVIDIA.
Soft commodities like coffee and sugar, and precious metals like gold and silver.
Energies include crude oil (Brent, WTI) and natural gas.
Leading cryptocurrencies like Bitcoin and Ethereum.
U.S. Treasury futures, German Bund futures, and exchange-traded funds (ETFs) with $0 commission to support diversified investing.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Energies | ✔ |
| Treasuries | ✔ |
Account Type
The VIP ZERO account is specially tailored for high-net-worth individuals. The WM Markets VIP ZERO account is suitable for holders of ZERO MT4 and ZERO MT5 trading accounts. The Prime account is more suitable for beginners.
| Account Type | Zero | Prime |
| Suitable for | Forex pros | Beginner traders |
| Minimum Deposit | $1000 | $50 |
| Spreads from | 0.0 pips | 1.0 pips |
| Max Leverage | 1:1000 | 1:1000 |
| Commission | $8 (Forex & Metals CFDs/Round Lot) | $8 (Crypto CFDs/Round Lot) |
| $0 (all other CFDs) | $0 (all other CFDs) | |
| Islamic / SWAP Free | NOT available | Available |
| Negative Balance Protection | Yes | Yes |
| Training provided | No | Yes |
| Stop Out Level | 20% | 20% |
| Margin Call Level | 100% | 100% |
WM Markets Fees
Different markets have different fee requirements for trading. For example, the spread for foreign exchange can be as low as 0.0 pips (such as AUDUSD), and there is a $0 commission for stock and ETF trading.
Trading Platform
Traders can experience automated trading (EA) and multi-account management functions through the MT5 desktop, mobile, and web versions. In addition, the platform also offers the WM Markets App, designed specifically for mobile trading, including copy trading.
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