Score
WGL
Vanuatu|5-10 years| https://en.wglforex.cn/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
ChinaContact
Licenses
Licensed Entity：Wealthsee Global Limited
License No. 300286
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Vanuatu
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Total Margin Trend
| VPS Region | User | Products | Closing time |
|---|---|---|---|
 Bangkok | 108*** | EURUSD | 02-13 08:00:01 |
 London | 358*** | EURUSD | 02-13 08:00:01 |
 BeiJing | 458*** | EURUSD | 02-13 08:00:01 |
Stop Out
1.30%
Stop Out Symbol Distribution
6 months
Website
wglforex.com
Server Location
United States
Website Domain Name
wglforex.com
Server IP
172.67.137.26
-
wglforex.cn
Server Location
United States
Website Domain Name
wglforex.cn
Server IP
104.21.112.1
-
wglforex.net
Server Location
Singapore
Website Domain Name
wglforex.net
Server IP
107.151.181.123
Company Summary
| WGL Review Summary | |
| Founded | 5-10 years |
| Registered Country/Region | Vanuatu |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Cryptocurrencies |
| Demo Account | N/A |
| Leverage | Up to 1:500 |
| Spread | Starter Account: Starting from 1.0 pip, Advanced Account: Starting from 0.5 pips, Pro Elite Account: Starting from 0.1 pip |
| Trading Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Min Deposit | $100 |
| Customer Support | Phone: +678 2246768 |
| Email: cs@wseeglobal.com | |
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| Outdated Trading Platforms | |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 It had been licensed by the Vanuatu Financial Services Commission (VFSC), but that has now been revoked.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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- White label MT4
- Global Business
- Vanuatu Common Financial Service License Revoked
- Suspicious Overrun
- High potential risk
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外惠唯权007
Hong Kong
I saw an article written by a man called Cheng and added his Wechat. He induced me to trade gold with him and promised me a 15% profit. I deposited $12500 on February 23th and traded entirely under his guidance. I lost a lot. Then he promoted me a middle class client and asked me to deposit 3071RMB. I lost again. I lost altogether over 81000 RMB. He asked me to deposit 39960RMB more to recover my loss. But I lost again. I’ve got only $511 now. This is a scam!
Exposure
2018-05-14
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