WNS Trade Limit Forex Broker

Overview of WNS Trade

　　WNS Trade, established in 2023 in Mauritius, operates under offshore regulation by the FSC.

　　The company offers a range of financial trading services, including forex, CFDs, precious metals, and index/stock trading.

　　They provide a tiered leverage system based on account balance, offering up to 1:500 for balances under $50,000, 1:200 for balances between $50,001 and $100,000, and 1:100 for balances over $100,000.

　　Clients can trade using the Meta Trader 5 platform, and WNS Trade offers a demo account for practice. Payment options include Visa/Mastercard, Neteller, POLi, BPay, among others.

Regulatory Status

　　WNS Trade is offshore regulated by theFinancial Services Commission (FSC), specifically under a Retail Forex License. The company's operations fall under the jurisdiction of Mauritius, where it is granted License No. GB232201953.

　　This regulatory framework allows WNS Trade to offer forex and other financial trading services, with the offshore status indicating that it operates within the specific financial regulations and standards set by the Mauritian authority.

Pros & Cons

Pros:

1. Diverse Trading Options: WNS Trade offers a variety of financial instruments, including forex, CFDs, precious metals, and indexes/stocks, meeting a wide range of traders and investment preferences.
2. Tiered Leverage System: The tiered leverage system provides flexibility for traders with different account balances, allowing for strategic trading and risk management.
3. Meta Trader 5 Platform: The use of the Meta Trader 5 platform signifies a reliable and advanced trading environment, offering robust features and tools for traders.
4. Demo Account Availability: The provision of a demo account is beneficial for both novice and experienced traders to practice and refine their trading strategies without risking real money.
5. Multiple Payment Options: The acceptance of various payment methods, including Visa/Mastercard and e-wallets like Neteller, offers convenience and accessibility to traders globally.

Cons:

1. Offshore Regulation: Being regulated offshore, specifically in Mauritius, will raise concerns about the stringency and oversight compared to regulators in more established financial centers.
2. Newly Established: As a company founded in 2023, WNS Trade lacks a long track record, which will make some investors hesitant due to the limited historical performance and reputation.
3. Reigonal Restrictions: WNS Trade Limit Limited does not provide services to residents of the USA, Canada, Haiti, Suriname, the Democratic Republic of Korea, Japan and Belgium.

Products & Services

　　WNS Trade Limit Limited provides a comprehensive suite of trading options that meet a variety of investment interests and strategies.

　　At the core of their offerings is Forex trading, which grants access to the world's largest financial market. Clients can engage in the trading of over 60 currency pairs, including major currencies like the U.S. dollar, euro, Japanese yen, British pound, Swiss franc, Canadian dollar, and more. Additionally, WNS Trade extends its reach to include a selection of currencies from emerging economies, offering a broader spectrum for traders interested in forex.

　　Beyond Forex, WNS Trade Limit Limited diversifies its portfolio with Contract for Differences (CFDs), allowing traders to speculate on the rising or falling prices of fast-moving global financial markets. This includes not just currencies but also stocks, indices, commodities, and more without the necessity of owning the underlying asset.

　　For those with an interest in commodities, WNS Trade provides opportunities to trade in precious metals, a staple for investors looking to hedge against inflation or seeking a safe-haven asset. Trading in metals such as gold and silver is facilitated, providing a tangible asset class that complements the more abstract nature of Forex and CFDs.

　　Additionally, WNS Trade offers trading in indices and stocks, enabling clients to take positions on the performance of national stock market indices or individual company stocks. This offers traders the ability to engage with broader economic trends or company-specific developments, respectively.

How to Open an Account?

　　Opening an account with WNS Trade Limit Limited is a straightforward and user-friendly process. To begin, visit the official website of WNS Trade Limit Limited and locate the 'Login' button on the menu.

　　Click on this button, which will direct you to the login page where you should select the 'Register Now' button to initiate the registration process.

　　You will be required to provide essential information such as your name, email address, and a password of your choice. Additionally, if you have a referral code, there is an option to enter it during this stage. Once all necessary fields are filled in, simply click the 'Register Now' button again to complete your registration.

　　This simple procedure ensures that new users can easily set up their accounts and start trading as quickly as possible.

Leverage

　　WNS Trade Limit Limited offers a tiered leverage system that is determined by the balance in your trading account. The leverage options are as follows:

• For account balances ranging from $1 to $50,000, the leverage provided is 1:500.
• For account balances between $50,001 and $100,000, the leverage offered is 1:200.
• For account balances exceeding $100,000, the leverage is set at 1:100.

Trading Platform

　　The trading platform, MetaTarder5, provided by WNS Trade Limit Limited is a versatile and user-friendly system designed for both novice and experienced traders.

　　Here's how WNS Trade provides MT5 across different platforms:

1. Desktop Version: The MT5 platform is available for download and installation on desktop computers.
2. Android Version: Traders using Android devices can download the MT5 app from the Google Play Store.
3. iOS Version: For users with Apple devices, MT5 is available on the App Store, offering a seamless trading experience optimized for iPhones and iPads.

Deposits & Withdrawals

　　WNS Trade Limit Limited offers a variety of secure and versatile payment methods to accommodate the diverse needs of its clients globally. According to the company's homepage, they provide a secure multi-currency payment channel that ensures funds are deposited into accounts swiftly—if the transaction is successful, funds are credited within 24 hours for online transfers and within 5 days for international wire transfers.

　　Additionally, they utilize a micro-payment system for wire transfers that deposits directly into bank trust accounts. Beyond traditional banking methods, WNS Trade Limit Limited also supports third-party payment options such as WeChat and Alipay, catering to a broader audience.

　　Furthermore, icons at the foot of their homepage indicate that they accept major credit cards like Visa and Mastercard, as well as online payment services including Neteller, POLi, and BPay, enhancing their accessibility and convenience for traders around the world.

Customer Support

　　WNS Trade Limit Limited offers customer support from Monday to Saturday between 8:00 AM and 6:00 PM. Customers can reach out via contact form, phone: +2302149926, or email: support@wnstrade.com.

　　The company is located at 22, St Georges Street, Port-Louis, Mauritius, ensuring a tangible presence for those who prefer in-person interactions or need to reference the company's physical location.

FAQs

　　What types of financial products can I trade with WNS Trade Limit Limited?

　　WNS Trade offers forex trading, CFDs, precious metals, and index/stock trading.

　　What trading platform does WNS Trade Limit Limited use?

　　Meta Trader 5.

　　What are the leverage options available at WNS Trade Limit Limited?

　　Leverage options vary by account balance: 1:500 for balances up to $50,000, 1:200 for balances between $50,001 and $100,000, and 1:100 for balances over $100,000.

　　Can I open a demo account with WNS Trade Limit Limited?

　　Yes.

　　At WNS Trade Limit Limited, is there any regional restrictions?

　　Yes. Residents of the USA, Canada, Haiti, Suriname, the Democratic Republic of Korea, Japan and Belgium are excluded.