Wandt Forex Broker

Note: Wandt's official website: https://www.wandt.cc is currently inaccessible normally.Wandt Review SummaryFound1996Registered Country/RegionUnited StatesRegulationNo regulationMarket InstrumentsForex, Metals & Commodities, IndicesDemo Account✔LeverageUp to 1:500SpreadFrom 0.0 pipsAccount TypeStandard & ECNTrading PlatformMT4Min Deposit$200CommissionNo commissions for Standard account, $6 commission per lot for the ECN accountWandt Information Wandt, founded in 1996, is a brokerage registered in the United States. The trading instruments it provides cover Forex, Metals, Commodities, Indices. It provides 2 accounts and MT4 platform. But it is currently unregulated and lacks security.Pros and ConsPros Cons Multiple Market InstrumentsNo RegulationDiverse Account TypesNo customer support channels providedDemo account availableCompetitive spreads starting from 0.0 pipsUtilization of MetaTrader 4 trading platformIs Wandt Legit? It is clear that Wandt, which was registered in 1996 and is currently unregulated, is insecure.What Can I Trade on Wandt? Wandt offers traders the opportunity to trade over Forex, Metals, Commodities, Indices.Tradable Instruments Supported Forex✔Commodities✔Indices✔Metals✔Stocks❌Cryptocurrencies❌Futures❌Options❌Account Types Wandtoffers 2 different types of accounts to traders - Standard Account and ECN Account. The two accounts' minimum deposit is $200. Wandt also provides a demo account.Leverage Wandt offers the maximum trading leverage of up to 1:500. It is worth noting that high leverage means high returns but also high risks.Wandt Fees Wandt claims to offer low spreads.The Standard Account spreads starts from 1 pips and charges no commissions. The ECN Account spreads starts from 0.0 pips, but it charges $6 per round trade.Account TypeSpresdsCommissionsStandard1pips$0ECN0.0pips$6Trading Platform Wandt's trading platform is MT4, which supports traders on PC and Mobile.Trading PlatformSupported Available Devices Suitable forMT4✔Web, MobileBeginnerMT5❌