Weastar Global Markets Ltd Forex broker specializes in providing foreign exchange trading services, the company's official website https://weastartop.com/en/, the company's legitimate regulatory information AustraliaASICInvestment Advisory License,VanuatuVFSCRetail Forex License, to enhance the security of the company's address FLAT 43 PERKINS HOUSEWALLWOOD STREET,LONDON, ENGLAND, E14 7AH..
Weastar Global Markets Ltd Forex Broker
Basic information
United Kingdom
1-2 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Note: Weastar Global Markets Lspan' official website: https://weastartop.com/ is currently inaccessible normally.
Weastar Global Markets Ltd is established in 2024 and based in the United Kingdom. It offers various trading products through their Trading Web APP. It provides ECN and STP account types with leverage options ranging from 1:50 to 1:500. However, their licenses have been regarded as suspicious clones.
Pros and Cons
| Pros | Cons |
| Diverse trading instruments | Suspicious clone VFSC and ASIC licenses |
| Multiple leverage options | Inaccessible website |
| High minimum deposit | |
| No demo accounts |
Is Weastar Global Markets Ltd Legit?
Weastar Global Markets Ltd claims it regulated by the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC) . However, both of them are suspicious as fake clones. Therefore, it is not a legit broker.
| The Vanuatu Financial Services Commission (VFSC) | |
| Regulatory Status | Suspicious Clone |
| Regulated by | Vanuatu |
| Licensed Institution | Doo Prime Vanuatu Limited |
| Licensed Type | Retail Forex License |
| Licensed Number | 700238 |
| The Australian Securities and Investments Commission (ASIC) | |
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia |
| Licensed Institution | PB CAPITAL AUSTRALIA PTY LTD |
| Licensed Type | Investment Advisory License |
| Licensed Number | 269820 |
What Can I Trade on Weastar Global Markets Ltd?
Weastar Global Markets Ltd offers trading in Forex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and Indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Weastar Global Markets Ltd offers two kinds of live accounts including the ECN and the STP accounts. They require the minimum deposit of $500, higher than regulated brokers.
Leverage
Weastar Global Markets Ltd offers a variety of leverage options, with levels available at 1:50, 1:100, 1:200, 1:400, and 1:500. You can choose different leverage to amplify your trade amount.
Weastar Global Markets Ltd Fees
Weastar Global Markets Ltd provides spreads across varying account types and financial instruments traded. ECN accounts offer spreads as low as 0.0 pips. In contrast, STP accounts start from 1.8 pips.
Besides, EURUSD offers an exceptionally low average spread of 0.2 pips, while USDZAR has a significantly higher average spread of 28.5 pips.
Trading Platform
Weastar Global Markets Ltd offers the TRADINGWEB platform, a web-based trading interface designed for simplicity and efficiency. Accessible directly via web browsers, TRADINGWEB provides trading with the IOS, Android, and MAC versions.
Rating Index
STP ACCOUNT
ECN ACCOUNT
Weastar Global Markets Ltd Similarly Rated Brokers
Latest Reviews
Jackie Lee
Singapore
While WGM offers margin trading, their rates aren't necessarily the most competitive. It might be worth comparing options before using margin.
Positive
2024-06-28
GDHEW
Cyprus
Good broker. Tight spreads on FX pairs I find compared to others (and I've traded with many of them!). They offer MT4, which is my platform and server connection is fine. Had one issue when opening with them, as they wanted my drivers license to verify me and then rejected the scan because the pic missed off one edge! ridiculous. But apart from that hiccup, they are professional and always fast to respond.
Neutral
2024-06-21
Sarguna Raj
Netherlands
The platform is intuitive and stable, making my trading experience smooth and enjoyable. Plus, Excellent risk management tools. WealthFX's stop-loss and take-profit features work flawlessly.
Positive
2024-07-22