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WGL

WikiFX | 2023-09-11 11:52

Abstract：WGL operates as an online brokerage, facilitating trading across Forex, indices, commodities, and cryptocurrencies, offering leverage up to 1:500 and starting spreads at 0.0 pips. However, several concerning aspects warrant caution when considering this platform. As of now, the WGL website is inaccessible, and the company's lack of transparency regarding account tiers and minimum deposit requirements, coupled with the absence of disclosed regulatory information, has led some users to question its legitimacy. It is advisable to exercise caution when dealing with unregulated offshore brokers like WGL and instead opt for regulated and reputable platforms to mitigate the risk of potential financial loss or fraudulent activities.

WGL Review Summary
Founded	5-10 years
Registered Country/Region	Vanuatu
Regulation	Unregulated
Market Instruments	Forex, Indices, Commodities, Cryptocurrencies
Demo Account	N/A
Leverage	Up to 1:500
Spread	Starter Account: Starting from 1.0 pip, Advanced Account: Starting from 0.5 pips, Pro Elite Account: Starting from 0.1 pip
Trading Platform	MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Min Deposit	$100
Customer Support	Phone: +678 2246768
Customer Support	Email: cs@wseeglobal.com

WGL Information

WGL is an online brokerage that facilitates trading in forex, indices, commodities and cryptocurrencies, offering leverage of up to 1:500 and a starting spread of 0.0. It is registered in Vanuatu and has been operating for more than 5 years.

Pros and Cons

Pros	Cons
Diverse Market Instruments	Unregulated Status
High Leverage	Website Inaccessibility
	Outdated Trading Platforms
	Inefficient Customer Support

Is WGL Legit?

WGLoperates without regulation of any regulatory institutions. It had been licensed by the Vanuatu Financial Services Commission (VFSC), but that has now been revoked.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	VFSC	Revoked	VATEE PTY LIMITED	Retail Forex License	40097

What Can I Trade on WGL?

Clients get services of trading Forex, Indices (NASDAQ, S&P500, Dow Jones, DAX30, CAC40, FTSE100, and Nikkei225), Commodities (Gold, Silver, Oil, and Natural Gas), Cryptocurrencies (Bitcoin, Ethereum, and Litecoin) from WGL.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Crypto currencies	✔
Bonds	❌
Binary Options	❌
Mutual Funds	❌
Futures	❌

Account Types

WGLoffers three live account types, namely Starter Account, Advanced Account, and Pro Elite Account.

Starter accounts require a minimum deposit of $100. The spread, starting at 1.0, leverages up to 1:200

Advanced Accounts require a minimum deposit of $1,000. It starts with a spread of 0.5 points and leverages up to 1:400.

Pro Elite accounts require a minimum deposit of $10,000. The spread, starting at 0.1 point, leverages up to 1:500.

	Minimum Deposit	Spread	Leverage
Starter Account	$100	start from 1	1:200
Advanced Account	$1,000	start from 0.5	1:400
Pro Elite Account	$10,000	start from 0.1	1:500

Leverage

WGL offers a maximum trading leverage of up to 1:500.

WGL Fees

The spread of the Starter Account, Advanced Account, and Pro Elite Account is 1, 0.5, 0.1 respectively.

Trading Platform

MetaTrader 4 (MT4), MetaTrader 5 (MT5) are the platforms chosen by WGL for clients.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 4 (MT4)	✔	Windows, MAC, IOS, Android	Investors of all experience levels
MetaTrader 5 (MT5)	✔	Windows, MAC, IOS, Android	Investors of all experience levels

Deposit and Withdrawal

WGL offers a variety of methods of deposit and withdrawal, including Bank Wire Transfers, Credit/Debit Card, E-Wallet Services, Bank Wire Transfers, Credit/Debit Card Refunds, and E-Wallet Withdrawals.

Broker Dealer

Related broker

No Regulation

WGL

Company name：Wealthsee Global Limited

Score

2.29

Website：https://en.wglforex.cn/

5-10 years | Suspicious Regulatory License | White label MT4 | Global Business

Score

2.29

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