WSMARKET GROUP PTY LTD is a broker that offers trading services in forex, precious metals, and futures for investors. The official website of WSMARKET GROUP PTY LTD is https://www.wsmarket.com/, and it supports Simplified Chinese, Traditional Chinese, and English as languages. According to the Whois search for the website's domain registration, the company's official domain was registered on September 28, 2004, and it has been nearly 20 years since the registration.
Company Background:
WSMARKET GROUP PTY LTD's official website indicates that the company is registered and established in Australia. The results of a search on the Australian Securities and Investments Commission (ASIC) website confirm that the registration information is genuine. Additionally, according to the Whois search for the website's domain registration, the company's official domain was registered on September 28, 2004, and it has been nearly 20 years since the registration.
Account Registration:
WSMARKET GROUP PTY LTD's official website indicates that the company provides registration links for both real and demo accounts. To register a real account, users can click on "open a real account" on the homepage or in the upper right corner to access the account registration page. Users need to select or fill in information such as trading name, country, phone number, email, password, etc., to complete the real account registration. The registration method for a demo account is similar, requiring users to click on "open a real account" on the homepage or in the upper right corner, and then provide information such as trading name, phone number, email, etc. The real account and demo account registration pages on WSMARKET GROUP PTY LTD support both Simplified Chinese and English.
Account Types:
WSMARKET GROUP PTY LTD's official website does not provide information about trading account types.
Trading Products:
WSMARKET GROUP PTY LTD's official website indicates that the company offers trading services in forex, precious metals, and futures. Furthermore, the website provides detailed information on specific trading products, including spreads, commissions, margin ratios, and trading hours.
Margin Ratios:
WSMARKET GROUP PTY LTD's official website not only displays leverage ratios of 1:100 to 1:400 for investors in the "Trading Related" section but also provides information on the margin ratios for specific trading products in forex, precious metals, and futures in the "Trading Products" section.
Trading Hours:
WSMARKET GROUP PTY LTD's official website provides information on the trading hours for specific trading products in forex, precious metals, and futures.
Deposits and Withdrawals:
WSMARKET GROUP PTY LTD's official website only provides answers to some frequently asked questions related to deposits and withdrawals, without offering key information on supported deposit and withdrawal methods, currencies, fees, and processing times.
Trading Software:
WSMARKET GROUP PTY LTD's official website indicates that the company provides the MetaTrader 5 (MT5) trading software, which is available for desktop (Windows/MacOS), web, and mobile (IOS/Android) use. However, users in certain countries or regions may encounter issues such as being unable to download or install the Android version of MT5 or experiencing slow download and installation speeds.
Partnerships:
WSMARKET GROUP PTY LTD's official website indicates that the company has partnerships with several financial institutions or banks, including CFH Clearing, Sucden Financial, UBS, Deutsche Bank, HSBC, ANZ Bank, BNP Paribas, IS Prime, and others.
Regulatory Information:
WSMARKET GROUP PTY LTD's official website indicates that the company holds the authorized representative license (AR license) of MGF CAPITAL PTY LTD (421246). Although the results of a search on the Australian Securities and Investments Commission (ASIC) website confirm that this regulatory or authorization information is genuine, the regulatory and investor protection strength of the authorized representative license (AR license) is relatively weak. Moreover, MGF CAPITAL PTY LTD has sold authorized representative licenses (AR licenses) to over 20 similar companies, including WSMARKET GROUP PTY LTD. There is no relationship between WSMARKET GROUP PTY LTD and MGF CAPITAL PTY LTD; these companies only use the authorized representative licenses (AR licenses) purchased from MGF CAPITAL PTY LTD for promotion, raising suspicions of fraud.
Conclusion:
WSMARKET GROUP PTY LTD has some suspicions of fraud. Although the WSMARKET GROUP PTY LTD official website provides detailed information on specific trading products, and the displayed registration information is genuine, the company holds the authorized representative license (AR license) of MGF CAPITAL PTY LTD (421246). The regulatory and investor protection strength of this type of license is weak. Moreover, MGF CAPITAL PTY LTD has sold authorized representative licenses (AR licenses) to over 20 similar companies, including WSMARKET GROUP PTY LTD. There is no relationship between WSMARKET GROUP PTY LTD and MGF CAPITAL PTY LTD; these companies only use the authorized representative licenses (AR licenses) purchased from MGF CAPITAL PTY LTD for promotion. Based on this assessment, WSMARKET GROUP PTY LTD has some suspicions of fraud, and investors should exercise caution when considering the services provided by this company. TraderKnows reminds you to be vigilant about your financial security and avoid falling into fraudulent schemes.
