Abstract：Have you witnessed poor trade order execution on the WM Markets platform? Does the platform cause you losses due to heavy slippage? Did the Comoros-based forex broker deny you fund withdrawals? On top of all, was the customer support experience far from desired? These allegations have arguably broken the traders’ trust over this brokerage entity with over two years of operation. If these issues resonate with you, you must read this in-depth WM Markets review.
Have you witnessed poor trade order execution on the WM Markets platform? Does the platform cause you losses due to heavy slippage? Did the Comoros-based forex broker deny you fund withdrawals? On top of all, was the customer support experience far from desired? These allegations have arguably broken the traders trust over this brokerage entity with over two years of operation. If these issues resonate with you, you must read this in-depth WM Markets review.
WM Markets Overview: Trading Products, Account Types & Platforms
Extensive Product Portfolio
WM Markets claims to be a multi-asset brokerage platform that allows you to trade foreign currency pairs, indices, commodities, shares, energies, cryptocurrencies, treasuries, metals and exchange-traded funds (ETFs).
As far as forex is concerned, the broker claims to offer a seamless trading experience across 45 forex CFDs with exceptional execution speeds and spreads beginning from zero pips.
At the same time, you can trade different sectors with 15+ CFDs on indices such as Dow Jones and S&P 500.
Stock traders can look to raise their profits by investing in 150+ share CFDs, including those of Apple and Microsoft.
While commodity traders can invest in coffee and sugar, energy traders can eye growth through crude oil and natural gas.
CFDs are also available for trading metals such as gold, silver and palladium, etc.
The platform allows you to invest in cryptocurrencies with impressive market capitalization, including Bitcoin and Ethereum.
CFD treasury notes and bunt futures are available for trading in leading economies globally.
CFD trading for ETFs is also made available for users.
Account Types & Trading Conditions
The broker offers two trading accounts with specific conditions that aim to deliver a unique experience to the users. These accounts are Zero and Prime. The table below shows several details regarding these accounts. Take a look!
The broker offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms to traders.
Investigating Different Trading Allegations Against WM Markets
Multiple Complaints Merged Into One
A Netherlands-based trader accused WM Markets of poor trade order execution, limited withdrawal alternatives and poor customer service while reporting these on WikiFX, a top forex broker regulation inquiry app. Read the WM Markets review by the trader below.
A Reported Claim of Slippage Exceeding $30
A German user reported an unwanted margin call from WM Markets because of a slippage that allegedly exceeded $30. Calling this an unprofessional act, the trader did not hesitate to share this negative review of the broker. Have a look.
No Withdrawal Access Granted Despite Compliance with WM Markets Bonus Program
A trader from France accused WM Markets of not allowing him to withdraw from its bonus program, despite adherence to the trading rules, including the completion of the required trading volume by him. According to the complaint, the brokerage entity did not respond even after weeks. Annoyed by the overall experience, the user criticized the whole incident with this WM Markets review.
Legal Recourse Taken to Recover Stuck Funds
This complaint sums up a seemingly adverse situation for traders. According to the complaint, a US-based user failed to recover his stuck funds on his own. The trader had to take help from a legal firm to get his funds back. Check out the complaint below.
WM Markets Review by WikiFX: Is It Real or Fake?
The allegations against WM Markets sounded serious and demanded a thorough probe into its operation by the WikiFX team to find out whether it is regulated. The investigation ends this debate with the conclusion that WM Markets is an unregulated broker. As a result, the broker received a poor score of just 2.07 out of 10 from the team.
Knowing the regulatory details of forex brokers beforehand is crucial to enjoying a seamless trading experience. Download the WikiFX App to know all that and more.
