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WGI (Wealth Guardian Investment Limited) offers various types of trading accounts tailored to meet the needs of different traders. The main account types include:
Standard Account: This account type is designed for traders who wish to trade using a standard lot size of $100,000. It typically requires a higher capital investment and provides access to a wider range of trading tools and services.
Mini Account: Suitable for beginners or those with limited capital, the mini account allows trading with a lot size of $10,000. This account type is ideal for those who want to start trading with lower risk and smaller capital requirements.
Managed Account: This account type is for investors who prefer a professional to manage their trades. The capital remains the investor's, but a broker or manager makes the trading decisions based on the investor's goals and risk tolerance.
Margin Account: A margin account allows traders to borrow funds from the broker to increase their trading capacity. This type of account requires a higher level of experience and comes with increased risk due to the potential for margin calls.
Opening a broker account with WGI involves several steps to ensure compliance and security:
Account Registration: Clients must register on the WGI portal by providing personal information such as name, email address, and contact details.
Document Submission: Clients are required to upload valid identification documents, such as:
KYC Verification: WGI conducts Know Your Customer (KYC) checks to verify the identity of the client and ensure they are not involved in any illegal activities.
Account Approval: Once the documents are verified and KYC checks are completed, the client will receive notification via email that their account has been approved.
Funding the Account: After approval, clients can fund their accounts through various methods, such as electronic bank transfers or checks.
Trading Access: Once the account is funded, clients can access trading platforms and start trading with their chosen account type.
By following these steps, clients can successfully open a trading account with WGI and begin their trading journey.
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