WCG Markets is a forex broker established in 2020, with its headquarters located in Kingston. The platform aims to meet the needs of traders at different levels through robust technical support and customer service. As a newer participant, it is still building its reputation in the forex market and continuously strives to comply with international financial regulations and standards.
Corporate Background
As a forex broker, WCG Markets has its domain registered on June 14, 2022, under the corporate name WCG Markets Ltd. According to official website information, the company is registered in Saint Vincent and the Grenadines, with the specific address being: The Financial Services Centre Stoney Ground, Kingstown, St.Vincent & the Grenadines.
Account Registration
According to WCG Markets' official website, the company offers links for the registration of real accounts and demo accounts. The method for registering a real account is as follows: Click the "Open Real Account" on the top of the WCG Markets official website to enter the registration page, then select or fill in required information such as name, country, phone number, email, password, date of birth, ID card number, etc., to complete the real account registration.
The method for registering a demo account is: Click the "Open Demo Account" on the top of the WCG Markets official website to enter the registration page, then select or fill in required information such as name, email, email verification code, phone number, etc., to complete the demo account registration. Additionally, WCG Markets account registration page supports Simplified Chinese, Traditional Chinese, English, Malay, Vietnamese, and Indonesian.
Account Types
WCG Markets' official website currently does not provide information about account types.
Trading Products
WCG Markets' official website states that the company offers trading services in forex, precious metals, crude oil, and indices. In addition, the WCG Markets official website also provides detailed information on the specific trading products covered by forex, precious metals, crude oil, indices, and details on the minimum and maximum trading units, margin ratio, forced liquidation ratio, and trading hours.
Margin Ratio
WCG Markets on its "Trading Products" section of the official website displays the specific trading products' margin ratio or basic margin amount information for forex, precious metals, crude oil, and indices. WCG Markets provides the margin ratio or leverage ratio information for specific trading products covered by forex and indices, while for precious metals and crude oil covered specific trading products, WCG Markets only provides the basic margin amount information.
Trading Hours
WCG Markets' official website provides information on the trading hours for specific trading products covered by forex, precious metals, crude oil, and indices.
Deposits and Withdrawals
WCG Markets' official website currently does not provide information about its supported channels and methods for deposits and withdrawals, nor does it offer information on deposit and withdrawal currencies, fees, and processing times.
Trading Software
WCG Markets' official website states that the company provides the MetaTrader4 (MT4) trading software for investors. The provided MT4 software supports desktop versions (Windows/MacOS) and mobile versions (iOS/Android/Huawei). However, the Android version of MT4 software may face issues of being unable to download or install or having slow download and installation speeds in some countries or regions.
Other Services
WCG Markets' official website states that the company provides additional services for investors, including a MAM Multi-Account Management system, trading learning, and market information. The MAM Multi-Account Management system allows investors to manage multiple accounts through one interface, assisting them in managing trading activities and improving management skills. Trading learning covers analytical research and fundamental courses that progress from basic to advanced throughout the investment trading process. Market information provides investors with an economic calendar, financial news, and market analysis to help them stay informed about major financial market news.
Regulatory Information
WCG Markets holds a currency service business license (MSB license) from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), with the license number M20282836.
Customer Support
WCG Markets offers 24/7 multilingual support, supporting various contact methods, including phone support, email support, and online chat. Traders can contact the customer team via phone numbers 4001 203 612, 4008 428 912 for direct and immediate assistance, or send their questions or requests to support@wcgmarkets.com.
Summary
WCG Markets is a forex broker established in 2020, headquartered in Kingston. The platform provides registration for real and demo accounts, covering trading products such as forex, precious metals, crude oil, and indices. The registration page supports multiple languages, including Simplified Chinese, Traditional Chinese, English, and more. Although information on account types is not currently available, detailed information about trading products, margin ratios, and trading hours is provided. The platform supports MetaTrader 4 trading software, and offers a multi-account management system, trading education, and market information services. Additionally, WCG Markets holds a currency service business license from the Financial Transactions and Reports Analysis Centre of Canada. While some aspects remain to be improved, WCG Markets appears to be building its reputation in the forex market and making efforts to comply with international financial regulations and standards.
Currently, WCG Markets is labeled as "Active" on TraderKnows.
