WGL Forex Broker

WGL Review SummaryFounded5-10 yearsRegistered Country/RegionVanuatuRegulationUnregulatedMarket InstrumentsForex, Indices, Commodities, CryptocurrenciesDemo AccountN/ALeverageUp to 1:500SpreadStarter Account: Starting from 1.0 pip, Advanced Account: Starting from 0.5 pips, Pro Elite Account: Starting from 0.1 pipTrading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5)Min Deposit$100Customer SupportPhone: +678 2246768Email: cs@wseeglobal.comWGL 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 ConsProsConsDiverse Market InstrumentsUnregulated StatusHigh LeverageWebsite InaccessibilityOutdated Trading PlatformsInefficient Customer SupportIs 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 It had been licensed by the Vanuatu Financial Services Commission (VFSC), but that has now been revoked.Regulated CountryRegulated AuthorityRegulatory StatusRegulated EntityLicense TypeLicense NumberVFSCRevokedVATEE PTY LIMITEDRetail Forex License40097What Can I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 InstrumentsSupportedForex✔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 DepositSpreadLeverageStarter Account$100start from 11:200Advanced Account$1,000start from 0.51:400Pro Elite Account$10,000start from 0.11:500Leverage 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 PlatformSupportedAvailable DevicesSuitable forMetaTrader 4 (MT4)✔Windows, MAC, IOS, AndroidInvestors of all experience levelsMetaTrader 5 (MT5)✔Windows, MAC, IOS, AndroidInvestors of all experience levelsDeposit 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.