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WT Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://wt-capital.com/, about the company's legal and temporary regulatory information, the company's address .

WT Capital Forex Broker

Basic Information

Registered Region

Switzerland

Operating Period

Company Name

Force Media Marketing ltd

Abbreviation

WT Capital

Company employee

Customer Service Email Address

support@wt-capital.com

Contact Number

+852442033185319

Company Website

https://wt-capital.com/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Registered Country/Area Switzerland Founded Year 2-5 years Company Name Force Media Marketing Ltd Regulation Not regulated Minimum Deposit No minimum deposit Maximum Leverage 1:200 Spreads 4.1 pips per trade on EUR/USD Trading Platforms WT Capital WebTrader (web-based) Tradable Assets Forex, CFDs (stocks, commodities, indices, cryptocurrencies) Account Types Standard Account (no minimum deposit) Demo Account Information not provided Islamic Account Information not provided Customer Support Email: support@wt-capital.com, Phone: +852 +44 203 318 5319 Payment Methods Bank wire, credit/debit cards, cryptocurrency General Information& Regulation WT Capital is a registered trademark of Force Media Marketing Ltd, which is allegedly in Switzerland, with its actual address not disclosed. In terms of market instruments, WT Capital offers Forex and CFD products. Forex trading includes major currency pairs like EUR/USD, GBP/USD, and USD/JPY, along with minor and exotic pairs such as USD/TRY and EUR/SGD. The CFD product range encompasses stocks, commodities, indices, and cryptocurrencies, including popular assets like Apple Inc. (AAPL) stock, Gold and Silver commodities, S&P 500 and NASDAQ 100 indices, and cryptocurrencies like Bitcoin and Ethereum. Account options at WT Capital feature the Standard Account with no minimum deposit requirement and a maximum leverage of 1:200. Spreads and commissions for this account involve a cost of 4.1 pips per trade on EUR/USD with no additional commission fees. The platform provides a single trading option, the WT Capital WebTrader, a web-based platform accessible through any web browser, offering various trading tools and features. Customer support is available via email and phone. Pros and Cons WT Capital presents a range of advantages and disadvantages. On one hand, it offers a diverse selection of Forex and CFD instruments, doesn't impose a minimum deposit requirement, provides a generous leverage ratio of 1:200, and offers accessible customer support through email and phone. However, potential concerns arise due to the lack of valid regulation, the current unavailability of the main website, limited trading platform options (only WT Capital WebTrader), relatively high spreads on EUR/USD (4.1 pips) for Standard Accounts, and the limited information available about the company, Force Media Marketing Ltd. Pros Cons Offers a variety of Forex and CFD instruments. Lack of valid regulation raises safety concerns. No minimum deposit requirement. Main website is currently unavailable Leverage ratio of 1:200 available. Limited trading platform options (only WT Capital WebTrader). Accessible customer support via email and phone. Standard Account has relatively high spreads on EUR/USD (4.1 pips). Accepts multiple deposit methods, including cryptocurrency. Limited information available about the company (Force Media Marketing Ltd). Is WT Capital Legit？ WT Capital lacks valid regulation, raising concerns about its legitimacy and safety as a broker. Potential clients should exercise caution when considering its services due to the absence of regulatory oversight. Market Instruments There are a series of the tradable trading instrument including Forex and CFD products, which are available for traders to take the option. Forex: WT Capital offers a range of Forex instruments, allowing traders to speculate on currency exchange rates. This includes major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs, such as USD/TRY and EUR/SGD. CFD Products: WT Capital provides access to Contract for Difference (CFD) products covering various assets, including stocks, commodities, indices, and cryptocurrencies. Some examples of CFDs offered include Apple Inc. (AAPL) stock, Gold and Silver commodities, S&P 500 and NASDAQ 100 indices, and popular cryptocurrencies like Bitcoin and Ethereum. Pros Cons Diverse range of Forex instruments, including major and exotic pairs. Limited information on trading volume and market depth Access to various CFD products covering stocks, commodities, indices, and cryptocurrencies. Lack of transparency regarding pricing and liquidity Provides opportunities for speculation on currency exchange rates. Accounts & Leverage STANDARD ACCOUNT: The Standard account offered by WT Capital requires no minimum deposit and provides a maximum leverage of 1:200. Traders can initiate trades with a minimum size of 0.01 lot. Pros and Cons Pros Cons No minimum deposit requirement. Limited information about spreads and fees for Standard Accounts. Maximum leverage of 1:200 available. Limited options for customization or additional features. Traders can initiate trades with a minimum size of 0.01 lot. Minimum Deposit WT Capital has no minimum deposit requirement. Spreads & Commissions There is not much information referred about spreads, however, the average spread is 4.1 pips on EUR/USD. No commission is provided by WT Capital. Deposit & Withdrawal WT Capital allows deposits and withdrawals via bank wire, credit/debit cards, and cryptocurrency. The withdrawal fees vary depending on the payment method. For example, bank wire withdrawals incur a fee of $25, while credit/debit card withdrawals incur a fee of 2.5%. Crypto withdrawals are free. Pros Cons Multiple deposit options (bank wire, cards, crypto). Withdrawal fees apply (e.g., $25 for bank wire, 2.5% for cards). Allows cryptocurrency withdrawals with no fees. Offers options in choosing payment methods. Trading Platforms WT Capital offers a single trading platform, the WT Capital WebTrader. It is a web-based platform that is accessible through any web browser. The platform offers a variety of features, including charting, order execution, and market analysis tools. Pros Cons Web-based platform accessible from any web browser. Limited trading platform options (only WT Capital WebTrader). Offers a variety of features, including charting. Provides order execution and market analysis tools. Deposit & Withdrawal The deposit and withdrawal are not disclosed on WT Capitals official website. Customer Support The support team is always at clients assistance with the best possible solutions to the queries. Please call the helpline at +442033185319 or e-mail at support@wt-capital.com at an appropriate time. Conclusion In conclusion, WT Capital, while providing access to a range of market instruments including Forex and CFD products, faces notable disadvantages. It operates without valid regulation, which raises concerns about its legitimacy and client safety. The company offers a single trading platform and limited customer support options. While it boasts no minimum deposit requirement and a 1:200 leverage ratio, potential clients should approach its services with caution due to the lack of regulatory oversight and limited offerings in terms of trading platforms and support channels. FAQs Q: Is WT Capital a legitimate broker？ A: WT Capital lacks valid regulation, which raises concerns about its legitimacy and safety as a broker. Potential clients should exercise caution when considering its services. Q: What market instruments does WT Capital offer？ A: WT Capital provides a range of Forex instruments, including major and exotic currency pairs, as well as CFD products covering stocks, commodities, indices, and cryptocurrencies. Q: What types of accounts are available at WT Capital？ A: WT Capital offers a Standard Account with no minimum deposit requirement and a maximum leverage of 1:200. Q: What are the spreads and commissions for trading with WT Capital？ A: Traders with a Standard Account pay 4.1 pips per trade on EUR/USD, with no additional commission fees. Q: How can I deposit and withdraw funds with WT Capital？ A: WT Capital allows deposits and withdrawals via bank wire, credit/debit cards, and cryptocurrency, with varying withdrawal fees depending on the method chosen. Risk Warning Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose.

WT Capital broker review

Is WT Capital safe or scam

Rating Index

Wt Capital Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　WT Capital, officially known as World Trade Capital, was established on October 29, 2018. The company is headquartered in Zurich, Switzerland, with its main office located at Bahnhofstrasse 45, 8001 Zurich. WT Capital operates as a private entity under the ownership of Force Media Ltd., which claims to offer trading services primarily in the Forex and Contracts for Difference (CFDs) markets.

　　The broker targets a diverse clientele, including retail traders and institutional investors, aiming to provide them with a platform for trading various financial instruments. Despite its claims of being a legitimate trading platform, WT Capital has faced scrutiny regarding its regulatory compliance and operational practices.

　　The company has made several attempts to position itself as a reliable broker in the forex trading space, but various red flags have emerged throughout its operational history. Notably, WT Capital has been blacklisted by the Swiss Financial Market Supervisory Authority (FINMA) for operating without proper regulation, raising significant concerns about its legitimacy and the safety of client funds.

　　WT Capital's business model primarily focuses on retail forex trading, offering clients access to a range of trading products, including currency pairs, commodities, indices, and cryptocurrencies. However, the lack of transparency regarding its operational practices and regulatory status has led to widespread skepticism among potential investors.

2. Regulatory and Compliance Information

　　WT Capital operates without regulation from any major financial authority. The broker claims to be based in Switzerland, but it is actually registered in Seychelles, a well-known offshore jurisdiction. This registration allows the broker to operate with minimal regulatory oversight, which is a significant risk factor for potential investors.

　　Regulatory Bodies:
　　Swiss Financial Market Supervisory Authority (FINMA) - The broker has been flagged by FINMA for unauthorized services.
　　Regulatory Numbers: No valid regulatory license number is available, as WT Capital does not possess a license from any reputable regulatory authority.
　　License Validity and Scope: The lack of a regulatory license means that there is no oversight of WT Capital's operations, exposing clients to potential risks.
　　Legal Entities in Different Regions: WT Capital operates primarily under the jurisdiction of Seychelles, as stated in its terms and conditions, which further complicates its accountability.
　　Client Fund Segregation Policies: There is no information available to confirm whether client funds are held in segregated accounts, which is a critical aspect of protecting investor capital.
　　Investor Compensation Fund Participation: WT Capital does not participate in any investor compensation schemes, leaving clients without a safety net in case of broker insolvency.
　　KYC and AML Compliance Measures: The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, raising further concerns about its operational integrity.

　　Given these factors, it is crucial for potential investors to exercise extreme caution when considering WT Capital as their trading partner.

3. Trading Products and Services

　　WT Capital offers a variety of trading products aimed at meeting the needs of its diverse clientele. The broker provides access to:

　　Forex Currency Pairs: WT Capital claims to offer a wide range of currency pairs, including major, minor, and exotic pairs, although specific numbers are not disclosed.
　　CFD Product Categories: The broker provides CFDs on various assets, including:
　　Indices: Major global indices.
　　Commodities: Precious metals, energy products, and agricultural commodities.
　　Stocks: Shares from notable companies.
　　Cryptocurrencies: A selection of popular cryptocurrencies for trading.
　　Unique Products or Exclusive Trading Variants: There is no information available regarding any unique or proprietary products offered by WT Capital.
　　Product Update Frequency: The frequency of product updates or addition of new trading instruments has not been specified.
　　Retail Trading Services: WT Capital primarily focuses on retail trading services, providing individual traders access to various financial markets.
　　Institutional Client Services: There is no information available about services specifically tailored for institutional clients.
　　White Label Solutions: The broker does not appear to offer white label solutions for other businesses.
　　Asset Management Services: Information regarding asset management services is not provided, indicating a possible limitation in service offerings.

　　Overall, while WT Capital claims to provide a comprehensive range of trading products, the lack of transparency and regulatory backing raises questions about the reliability and safety of its offerings.

4. Trading Platforms and Technology

　　WT Capital provides its clients with a trading platform that supports various functionalities, although detailed information about the platform is limited.

　　MetaTrader 4/5 Support: There is no clear indication that WT Capital supports the widely-used MetaTrader 4 or MetaTrader 5 platforms, which are standard in the industry.
　　Proprietary Platform Details: The broker reportedly utilizes a proprietary web-based trading platform. However, specifics about its features and functionalities are scarce.
　　Web-Based Trading Platform: The broker offers a web-based platform, but its reliability and user-friendliness remain unverified due to the lack of user reviews.
　　Mobile Application: There is no information available regarding the availability of mobile applications for iOS or Android devices.
　　Execution Models: WT Capital is described as a hybrid broker, operating both as an A-book and B-book broker (market maker), which may present conflicts of interest.
　　Server Locations and Technical Infrastructure: Details regarding server locations and the underlying technical infrastructure are not disclosed, raising concerns about the broker's operational resilience.
　　API Access and Automated Trading Support: There is no information available regarding the availability of API access for automated trading.

　　Given the limited information on the trading platform and technology, potential investors should be cautious about the reliability and effectiveness of WT Capitals trading solutions.

5. Account Types and Trading Conditions

　　WT Capital offers several account types, although specific details regarding their conditions are not well-documented.

　　Standard Account Conditions: Information on the minimum deposit requirements, spreads, and commissions for standard accounts is not provided, which is critical for assessing the trading conditions.
　　Advanced Account Types: There is no mention of advanced account types such as VIP or professional accounts, which are commonly offered by other brokers.
　　Special Accounts: The availability of special accounts, such as Islamic accounts or corporate accounts, is not indicated.
　　Demo Account Policy: It is unclear whether WT Capital offers a demo account for prospective clients to practice trading.
　　Leverage Ratios: The broker reportedly offers leverage up to 1:200, which is considered high, especially for an unregulated broker.
　　Minimum Trade Sizes: Specific information regarding the minimum trade sizes is not provided.
　　Overnight Fees Policy: There is no information available regarding the policy on overnight fees or swaps.

　　The lack of transparency regarding account types and trading conditions raises significant concerns for potential investors looking for clarity before committing their funds.

6. Fund Management

　　WT Capital provides limited information regarding its fund management practices, which is essential for potential investors.

　　Supported Deposit Methods: The broker reportedly accepts various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details are not provided.
　　Minimum Deposit Requirements: The minimum deposit requirement varies by account type but is not explicitly stated.
　　Deposit Processing Times: There is no information available on how quickly deposits are processed.
　　Deposit Fees: The broker has not disclosed any fees associated with deposits.
　　Withdrawal Methods and Restrictions: Specific withdrawal methods and any associated restrictions are not provided, which is critical for assessing the ease of fund access.
　　Withdrawal Processing Times: Information regarding how long it takes to process withdrawals is also unavailable.
　　Withdrawal Fee Structure: The broker does not provide details on any fees that may apply to withdrawals.

　　Given the lack of clarity surrounding fund management practices, potential investors should be wary of the potential risks associated with depositing funds with WT Capital.

7. Customer Support and Educational Resources

　　WT Capital offers limited customer support options, which can significantly impact client experience.

　　Support Channels: The broker provides support via telephone, email, and possibly online chat, although specific contact details are not fully disclosed.
　　Service Hours and Time Zone Coverage: There is no information available regarding the operating hours of customer support.
　　Multilingual Support: The languages supported by customer service representatives are not specified.
　　Educational Resources: The broker does not appear to offer robust educational resources such as webinars, tutorials, or e-books.
　　Market Analysis Services: There is no information available regarding the provision of daily market analysis, news, or research reports.
　　Trading Tools: WT Capital does not provide specific trading tools such as calculators, calendars, or signal services.

　　The lack of comprehensive customer support and educational resources indicates that WT Capital may not be well-equipped to assist traders effectively.

8. Regional Coverage and Restrictions

　　WT Capital's operational reach and service availability are limited by several factors.

　　Primary Service Markets: The broker seems to target a global market; however, specific countries where it operates are not clearly identified.
　　Regional Office Distribution: Information regarding the distribution of regional offices is not provided.
　　Countries/Regions Not Accepted: There is no explicit list of countries or regions from which clients are not accepted.
　　Special Restrictions: Details regarding any special restrictions on trading or account opening are lacking.

　　Overall, the limited information about regional coverage and restrictions further complicates the decision-making process for potential investors considering WT Capital as their broker.

　　In conclusion, while WT Capital presents itself as a forex and CFD broker, the lack of regulatory oversight, transparency, and comprehensive information raises significant concerns. Potential investors are advised to conduct thorough research and consider the risks associated with trading through an unregulated broker like WT Capital.

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