Weastar Global Markets Ltd Forex Broker

Note: Weastar Global Markets Ltd' official website: https://weastartop.com/ is currently inaccessible normally.Weastar Global Markets Ltd Review SummaryFounded2024Registered Country/RegionUnited KingdomRegulationVFSC/ASIC (suspicious clone)Market InstrumentsForex, Cryptocurrency, CFDs on Metals, Stocks, Commodities and IndicesDemo Account✅LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformTW APP (IOS, Android, MAC)Min Deposit$500Customer SupportEmail: info@weastartop.comAddress: FLAT 43 PERKINS HOUSEWALLWOOD STREET, LONDON, ENGLAND, E14 7AH 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 ConsPros Cons Diverse trading instrumentsSuspicious clone VFSC and ASIC licensesMultiple leverage optionsInaccessible websiteHigh minimum depositNo demo accountsIs 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 CloneRegulated by VanuatuLicensed Institution Doo Prime Vanuatu LimitedLicensed TypeRetail Forex LicenseLicensed Number700238The Australian Securities and Investments Commission (ASIC)Regulatory Status Suspicious CloneRegulated by AustraliaLicensed Institution PB CAPITAL AUSTRALIA PTY LTDLicensed TypeInvestment Advisory LicenseLicensed Number269820What 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.