Verified: W7BT Was Established In 2019 And Is Headquartered In Saint Vincent And The Grenadines. It Is A Broker That Provides Currency Pairs, Stocks, Indices, Metals, Energy And Cryptocurrencies. The Company Currently Has No Effective Supervision. Traders Are Requested To Invest Carefully And Pay Attention To Risks To Prevent Damage To Their Funds!
According To The Information Displayed On The Company's Official Website:
The Company Provides Windows And Mac Users With Access To The MetaTrader 5 Trading Platform Without Supervision, While Providing A Diverse Selection Of Tradable Assets Including Currency Pairs, Stocks, Indices, Metals, Energy And Cryptocurrencies.
With Minimum Deposits Starting At $100 For A Standard ECN Account And Leverage Up To 1:200, Traders Can Choose Between Different Types Of Accounts Based On Their Experience And Preferences.
While Demo Accounts Are Offered For Practice, Reports Of Allegations Of Scams Have Raised Concerns About The Company's Reputation, Urging Traders To Exercise Caution And Conduct Thorough Research Before Trading With W7 Broker & Trading.
Regulation
W7BT Operates In A Regulatory Vacuum, Lacking Oversight From Any Governing Body. This Lack Of Supervision Has Raised Concerns About The Integrity And Reliability Of Its Trading Practices.
In The Absence Of Regulatory Scrutiny, There Is A Higher Risk Of Malicious Behavior, Including Potential Fraud, Manipulation, And Other Unethical Behavior That Could Harm Investors. Investors May Find Themselves Exposed To Greater Financial Exposure Due To The Lack Of Safeguards Typically Provided By Regulated Entities.
In Addition, The Lack Of Regulation Undermines Trust In The Financial System And Prevents Potential Investors From Trading With The Platform. Therefore, The Unregulated Status Of W7BT Poses A Significant Risk To Both Individual Investors And The Wider Financial Marekt.
Pros And Cons
W7BT Offers Traders Both Pros And Cons. On The Positive Side, It Offers A Comprehensive Range Of Market Tools Including Forex, Stocks, Indices, Metals, Energy And Cryptocurrencies, Offering Traders Full Diversification And Profit Potential. In Addition, The MetaTrader 5 Trading Platform Enhances The Trading Experience Through Its Advanced Features And User-friendly Interface. However, The Lack Of Supervision Has Raised Concerns About The Integrity Of The Platform's Trading Practices, While High Minimum Deposit Requirements And Long Withdrawal Processing Times May Deter Potential Traders.
Advantages
Comprehensive Range Of Market Tools
Access To The MetaTrader 5 Trading Platform
Opportunities For Diversification And Profit Potential
User-friendly Interface
Multiple Customer Support Channels
Disadvantages
Lack Of Supervision
High Minimum Deposit Requirements
Long Withdrawal Processing Times
Reports Of Fraud Allegations
Market Tools
>W7BT Offers A Comprehensive Range Of Market Tools That Provide Traders With Diverse Opportunities To Participate In Various Areas Of Financial Marekt:
Currency Pairs: A Total Of 67 Currency Pairs Are Available For Forex Trading, Allowing Investors To Speculate On The Exchange Rates Of Major And Minor Currency Pairs.
Stock Contracts For Difference (CFDs): With 20 Stock Contracts For Difference (CFDs), Traders Can Participate In Individual Stock Price Fluctuations Without Owning The Underlying Stock, Thus Exposing Themselves To A Variety Of Companies In Different Industries.
Indices: The Platform Offers 13 Index CFDs That Enable Traders To Track And Trade The Performance Of Major Global Stock Indices, Including Popular Benchmark Indices Such As The S & P 500, FTSE 100 And Nikkei 225.
Metals: W7BT Provides Access To 7 Metals, Including Precious Metals Such As Gold And Silver, Allowing Investors To Hedge Against Inflation Or Geopolitical Uncertainty By Trading These Commodities.
Energy: Traders Can Participate In Dynamic Energy Markets Through The 4 Energy Products Offered By The Platform, Including CFDs On Crude Oil And Natural Gas, Providing Opportunities To Take Advantage Of Energy Price Fluctuations.
Cryptocurrencies: Recognizing The Growing Demand For Cryptocurrencies, W7BT Offers A Range Of Digital Currencies That Enable Traders To Participate In The Volatile But Potentially Lucrative Crypto Market.
Overall, This Organized Array Of Market Instruments Offers Traders A Wide Range Of Options To Diversify Their Portfolios, Implement Various Trading Strategies, And Take Advantage Of Opportunities In Different Areas Of Financial Marekt.
Account Types
W7BT Offers Three Different Types Of Accounts Designed To Satisfy Traders With Different Levels Of Experience, Investment Capital, And Trading Preferences:
Standard ECN Account:
Customized For Beginners And Those Who Wish To Practice Real Trading In The Forex Market.
Features Spreads Starting At 1.0 Pips With A Commission Of $6.50 Per Lot.
Leverage Up To 1:200 With A Minimum Deposit Requirement Of $100.
A Minimum Trading Volume Of 0.01 Lots Is Allowed, Providing Flexibility For Risk Management.
Professional ECN Account:
Maintains A Minimum Trading Volume Of 0.01 Lots, Ensuring The Accuracy Of Trade Execution.
Offers Leverage Up To 1:200 With A Minimum Deposit Of $10,000.
Offers Tighter Spreads Starting At 0.6 Pips And A Commission Of Only $5.00 Per Lot.
Designed For Traders With Business Experience And A Need For Advanced Trading Features.
Privileged ECN Account:
Requires A Minimum Trading Volume Of 0.01 Lots, Catering To Those Traders Who Prefer Fine Positioning.
A Maximum Leverage Ratio Of 1:200 Is Allowed, With A Minimum Deposit Requirement Of $100,000.
Has A Minimum Tight Spread Of 0.3 Pips And A Minimum Commission Of $4.00 Per Lot.
Designed For Experienced Traders With Larger Capital For Block Trading.
Demo Account:
Serves As A Valuable Tool To Build Confidence And Hone Skills Before Transitioning To Live Trading.
Enables Users To Familiarize Themselves With The Platform's Features And Try Out Different Strategies.
Provides Access To Virtual Funds For Trading On Various Financial Instruments.
Suitable For Traders Of All Levels To Practice And Refine Trading Strategies In A Risk-free Simulation Environment.
Overall, W7BT's Account Type Structure Is Designed To Cater To Traders Of All Experience Levels And Investment Sizes, Offering A Range Of Options Including Different Spreads, Commission Fees, And Minimum Deposit Requirements To Meet Individual Trading Needs And Preferences.
Leverage
The Maximum Trading Leverage Offered By W7BT Is 1:200. Leverage Allows Traders To Control Larger Market Positions With Relatively Little Capital.
With A Leverage Ratio Of 1:200, Traders Can Enlarge Their Trading Positions Up To 200 Times Their Initial Investment Amount. This Means That For Every $1 Of Capital Deposited, A Trader Can Potentially Control A Position In The Market Worth Up To $200.
While Leverage Can Amplify Profits, It Also Increases The Latent Risk Of Losses, As Losses Can Also Be Magnified In Proportion To The Size Of The Leveraged Position.
Therefore, Traders Should Exercise Caution When Trading With Leverage And Implement Risk Management Strategies To Mitigate The Associated Risks.
Spreads
According To The Information Provided, W7BT Offers Different Spreads And Commissions Depending On The Type Of Trading Account An Investor Chooses.
Spread Refers To The Difference Between The Bid And Ask Prices Of A Financial Instrument And Is The Main Cost Of Trading. Brokers Offer A Starting Spread Of 1.0 Pips For Standard ECN Accounts, 0.6 Pips For Professional ECN Accounts, And 0.3 Pips For Privileged ECN Accounts. The Smaller The Spread, The Lower The Transaction Cost For Investors.
Additional Fees Charged By Brokers To Facilitate Trading, Which Vary Depending On The Type Of Account. Standard ECN Accounts Charge A Commission Of $6.50 Per Lot Traded, While Professional ECN Accounts Charge A Lower Commission Of $5.00 Per Lot Traded. Privileged ECN Accounts Charge A Minimum Commission Of $4.00 Per Lot Traded.
In General, Although Spreads And Commissions May Vary Between Account Types, Investors Can Choose Accounts That Match Their Trading Preferences And Budgets. Traders Looking For Tighter Spreads And Lower Commissions Can Choose A Professional Or Privileged ECN Account, While Those Just Starting Out May Find A Standard ECN Account More Suitable. Traders Must Consider Spreads And Commissions When Evaluating The Overall Cost Of Trading And Choosing The Account Type That Best Suits Their Trading Needs.
Deposits And Withdrawals
W7BT Offers Traders A Range Of Deposit And Withdrawal Methods, Ensuring They Are Flexible And Convenient When Managing Their Accounts. The Minimum Initial Deposit Required To Start Trading Is $100, Making The Platform Accessible To A Wide Range Of Investors.
The Company Offers A Variety Of Deposit Options, Including Bitcoin, Neteller, SEPA Transfers, As Well As Traditional Bank Transfers. This Diverse Selection Allows Traders To Choose The Method That Best Suits Their Preferences And Location.
However, It Is Important To Note That The Initial Deposit For A Standard ECN Account Is Relatively Low, While The Requirements For A Professional And Privileged ECN Account Are $10,000 And $100,000, Respectively. This Can Pose An Entry Barrier For Some Traders, Particularly Those Who Are Novice Or Have Limited Funds.
With Regard To Withdrawals, There May Be A Potential Drawback That Withdrawal Requests Can Take Up To 5 Business Days To Process. This Extended Processing Period May Cause Inconvenience To Traders Who Need To Access Their Funds Quickly. Normally, Such Processes Should Be Completed Within 1 Business Day To Ensure Efficient Management Of Funds.
It Is Worth Mentioning That The Lack Of Inactive Fees, Bonuses And Strict Withdrawal Conditions Is Beneficial To Traders As Stated In The Terms And Conditions Document. This Transparency Helps Prevent Unexpected Charges Or Restrictions That Sometimes Catch Traders Off Guard.
Trading Platform
W7BT Provides The MetaTrader 5 Trading Platform For Windows And Mac Operating Systems, Providing Traders With A Versatile And Powerful Tool For Accessing Global Financial Marekt.
MetaTrader 5 Features An Intuitive Interface And Customizable Features That Enable Users To Easily Navigate The Platform And Adjust To Their Individual Trading Preferences.
Traders Have Access To A Wide Range Of Financial Instruments Including Forex, Stocks, Commodities And Cryptocurrencies, Enabling Them To Diversify Their Portfolios And Take Advantage Of Various Market Opportunities.
The Platform's Advanced Charting Tools, Rich Technical Indicators And Analytical Resources Enable Traders To Conduct In-depth Market Analysis And Make Informed Trading Decisions.
Furthermore, MetaTrader 5 Supports Automated Trading Through Expert Advisors (EAs), Enabling Traders To Automate Their Trading Strategies And Execute Trades Automatically.
With Its Powerful Features And User-friendly Interface, MetaTrader 5 Is The First Choice For Traders Seeking A Comprehensive And Efficient Trading Platform Offered By W7 Broker & Trading.
Customer Support
W7 Broker & Trading Provides Customer Support Through Multiple Channels To Ensure That Traders Can Get Help In A Timely And Efficient Manner. Traders Can Contact The Company's Support Team By Email. In Addition, The Company Provides A Contact Form On Its Website For Traders To Fill In Their Questions Or Concerns Directly.
Email: [email protected].
Tel: + 351 915 566 923.
Address: W7 Limited, The Sotheby Building, 1st Floor, Rodney Bay, Gows-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia.
