WDC Markets Broker Review 2020

General Information

Website URL: https://wdcmarkets.com/

Regulation: N/A

Languages: English, German and Spanish

Deposit methods: Debit or Credit Card, Wire transfers

Minimum deposit: 250 EUR/GBP for Debit/Credit Card, 500 EUR/GBP for Wire Transfer

Demo account: No

Types of assets: Forex, Indices, Commodities, Stocks

WDC Markets is owned and operated by FTG Solutions, a company from the British Virgin Islands. If you are considering opening an account at their website, keep in mind this is an unregulated broker. So, your funds won’t be safe. But let’s see if their offer is worth the risk.

Trading Platform

The only way to trade with WDC Markets is online. Unfortunately, they do not have downloadable options, so you are limited to online browsers. Sometimes, that is not a negative thing at all. But in this case, it is. Why? Because the mobile version of WDC Markets Trading Platform is not optimised.

When you use it on the computer, everything works without interruptions. The list of assets is on the left side, so once you know whether you want to trade Forex, Commodities, Indices or Stocks, you just need to open the drop-down menu and click on the desired asset. In the middle, you will see a Trading Chart and important information and the right side is reserved for Buy and Sell buttons. We have nothing negative to say for this part.

Unfortunately, if you want to switch from computer to mobile device, you won’t be able to do so. Everything works just fine on the mobile, except for the Trading Platform. Basically, the one thing we need the most is the only thing that does not work.

Account Types

WDC Markets offers three Account Types. First, we have Self-Trading. For this account, you need to have previous experience since you’ll be trading on your own. Each decision is only yours, and there is no help around. The second one is Robot Trading. They implemented artificial intelligence into the system to help beginners. It will give you the best predictions and accuracy as well. Lastly, there is the Copy Trading Account. It allows you to copy some previous successful traders. You don’t need experience here since you are just following the steps of others.

With each of these accounts, you get access to special educational books, daily market alerts, Forex news and personal account manager. As you can see, they offer great opportunities with registration and we don’t have any complaints when it comes to this part of their business.

Customer Support

If you wish to contact their support agents, you can do it using the Live Chat option, send an email or call them. Unfortunately, they are not always available for the client’s questions. The working hours are Monday to Friday from 5:00 to 22:00 GMT.

But what happens when you contact them? They will reply within a minute, but still, you won’t be able to get an answer to your question. For specific information, you need to have a valid account. In order to have it, you have to make a deposit (minimum is 250 EUR/GBP).

We have to give them negative points for this since agents should be available to everyone. Especially when some of the most important information is missing on the website.

Deposit and Withdrawal

When it comes to deposit and withdrawal methods, there are some unclear things and statements. Let’s start with the deposit methods. You can use a Credit/Debit card or Wire Transfer. If you decide to go with a card, the minimum amount is 250 EUR/GBP and if you deposit with Wire Transfer, the minimum is 500 EUR/GBP. The maximum amount per month is 30 000 EUR/GBP, and you can use multiple credit cards.

There is one problem, though. They reserved the right to refuse your credit card without any reason, which means you need to make a deposit with Wire Transfer and start with the 500 EUR/GBP instead of 250.

Information about deposits is barely listed on their website. They did not provide potential clients with withdrawal methods or speed. The only thing they explained is a step-by-step guide on how to make a withdrawal. For everything else, you will have to contact their customer support.

Education

Lastly, we have the education section and the part that excited us the most. Since the owners of WDC Markets are experienced traders, we expected to see some books and guides for better trading. And they justified our expectations.

You don’t need to have an account to access the Trading Basics Guides or Market Analysis. They provided each person with that. But if you register, there are more books and learning materials.

So, we can give them a huge plus for all the books they prepared.

To end up this review, we have to say WDC Markets is not worth the risk. There are positive things like account types and education section, but that’s it. Unfortunately, they do not offer anything that can compensate for the lack of licence.