WGL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://en.wglforex.cn/, about the company's legal and temporary regulatory information, the company's address Govant Building, Kumul Highway, 1st Floor, Port Vila, Vanuatu.
WGL Forex Broker
Basic information
Vanuatu
5-10 years Suspicious Regulatory License White label MT4 Global Business Vanuatu Common Financial Service License Revoked Suspicious Overrun High potential riskCompany profile
WGL Information
WGL is an online brokerage that facilitates trading in forex, indices, commodities and cryptocurrencies, offering leverage of up to 1:500 and a starting spread of 0.0. It is registered in Vanuatu and has been operating for more than 5 years.
Pros and Cons
| Pros | Cons |
| Diverse Market Instruments | Unregulated Status |
| High Leverage | Website Inaccessibility |
| Outdated Trading Platforms | |
| Inefficient Customer Support |
Is WGL Legit?
WGLoperates without regulation of any regulatory institutions. It had been licensed by the Vanuatu Financial Services Commission (VFSC), but that has now been revoked.
| Regulated Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
| VFSC | Revoked | VATEE PTY LIMITED | Retail Forex License | 40097 |
What Can I Trade on WGL?
Clients get services of trading Forex, Indices (NASDAQ, S&P500, Dow Jones, DAX30, CAC40, FTSE100, and Nikkei225), Commodities (Gold, Silver, Oil, and Natural Gas), Cryptocurrencies (Bitcoin, Ethereum, and Litecoin) from WGL.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Crypto currencies | ✔ |
| Bonds | ❌ |
| Binary Options | ❌ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
WGLoffers three live account types, namely Starter Account, Advanced Account, and Pro Elite Account.
Starter accounts require a minimum deposit of $100. The spread, starting at 1.0, leverages up to 1:200
Advanced Accounts require a minimum deposit of $1,000. It starts with a spread of 0.5 points and leverages up to 1:400.
Pro Elite accounts require a minimum deposit of $10,000. The spread, starting at 0.1 point, leverages up to 1:500.
| Minimum Deposit | Spread | Leverage | |
| Starter Account | $100 | start from 1 | 1:200 |
| Advanced Account | $1,000 | start from 0.5 | 1:400 |
| Pro Elite Account | $10,000 | start from 0.1 | 1:500 |
Leverage
WGL offers a maximum trading leverage of up to 1:500.
WGL Fees
The spread of the Starter Account, Advanced Account, and Pro Elite Account is 1, 0.5, 0.1 respectively.
Trading Platform
MetaTrader 4 (MT4), MetaTrader 5 (MT5) are the platforms chosen by WGL for clients.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
| MetaTrader 5 (MT5) | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
WGL offers a variety of methods of deposit and withdrawal, including Bank Wire Transfers, Credit/Debit Card, E-Wallet Services, Bank Wire Transfers, Credit/Debit Card Refunds, and E-Wallet Withdrawals.
Rating Index
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Latest Reviews
Samuel Harris
South Africa
WGL mt4 platform’s stability is impressive, seriously, even during peak hours. However, spreads can be crazy sometimes, or don't fill at the targeted price. I don't understand, and no one gives me reasons.
Neutral
2024-06-28
Genstin
Mexico
Good range of products. Good tight spreads. Customer service could improve. I requested an ISA transfer three weeks ago and I am still waiting.
Neutral
2024-05-17
Sarguna Raj
Netherlands
Generally, a quick withdrawal process. WGL processes my requests within 24 hours. 👍👍👍
Positive
2024-07-22