WCG Markets Account Type

　　WCG Markets offers two types of accounts for traders: Real Account and Demo Account.

• 　　Real Account: This account is designed for trading currencies and various types of CFDs with fiat money on the MetaTrader 4 (MT4) platform. The leverage and spreads depend on the trading instrument. Trading micro and mini lots is available.

• 　　Demo Account: This is a training account that simulates real trading conditions without requiring any deposits. Traders receive a virtual deposit of $100,000 to practice their trading strategies and gain practical experience.

　　Currently, WCG Markets does not offer cent accounts, which may be a disadvantage for novice traders looking for lower-risk trading options.

　　

WCG Markets Broker Account Opening Process

　　Opening an account with WCG Markets is straightforward. Here are the steps to follow:

• 　　Visit the Official Website: Go to the WCG Markets website and click on the "Open Real Account" button.

• 　　Fill Out Registration Form: Enter your name, country, phone number, and email. Create or generate a secure password for your user account.

• 　　Upload Identification Documents:

• For residents of mainland China, only identification documents are required.
• For residents from other regions, a passport and proof of address (like a driver's license, permanent resident card, or utility bill from the last three months) are needed.

• 　　Account Approval: Once the documents are submitted, your account will be reviewed and approved. You can then make a deposit and start trading using the pre-installed platform or web trader.

• 　　Minimum Deposit: The minimum deposit required to open a real account is $100.

　　By following these steps, traders can efficiently open an account with WCG Markets and begin their trading journey.