The Monaco-based brokerage company promises to help all customers trade profitably. It positions itself as ‘one of the fastest growing online CFD and FX intermediaries in the world’ with more than 80 thousand clients. However, there are no supporting documents about the registration and license of the company on the official website.
How reliable is this platform? In our review of WDRCapital, we’ll examine how the broker works and whether it provides clients with safe trading.
How to Trade
Clients have access to 6 asset classes, including metals and cryptocurrencies. There are three types of trading accounts available on the platform, which are structured according to the minimum deposit amount. You can take advantage of the following offers:
- 70 types of currency pairs.
- Leverage from 1:20 to 1:50.
- Deposit insurance and protection.
Deposit/withdrawal fees, spread, transfer limits, and other important parameters are not disclosed. Islamic account is not offered.
Analytics is provided by TradingView table with online asset quotes for the top 20 advanced countries. The firm offers 24/5 customer support.
WDRCapital Vital Info
When was this “award-winning platform” launched and by whom? That’s a good question that we didn’t find an answer to on the official website. According to the “User Agreement” approved on August 23, 2023, the launch date should be no later than August last year. However, the date of domain registration refutes our logical conclusion – it was created in April 2024. So, the project was founded quite recently.
How is the brokerage activity of this firm regulated? “The place of business is Belize”, where the client is subject to “local laws”, as stated in the “User Agreement”. What does the company have to do with Monaco, where the address of its headquarters is listed? None! We did not find the WDRCapital office at the given address and the brand is absent from the global registry of legal entities. Such an organization likely has no registration and license.
I approached the choice of a broker very seriously - I studied reviews, looked at the design of the website, and analyzed my own observations. In the end, my choice fell on this company. Wdrcapital is a combination of a large selection of assets, availability of positions, comfortable trading, and responsive technical support. Depositing and withdrawing funds here takes little time. Money is in the account in two hours when depositing, and when withdrawing - no longer than 3 days. Spreads are optimal, starting from 1.5 points. I applied to tech support several times, so I can objectively assess the quality of customer service department. The main plus of wdrcapital.com is that they have a good protection of investments, which is realized also through investment insurance and the best financial instruments. The security service works thoroughly and they double-check everything even when depositing funds into the account, and although the transaction does not go through instantly, but the employees of the firm do not allow any fraud, theft cannot be here. This is an undeniable plus. I can note the rare unstable connection from the minuses. In general, I believe in the growth of this project, the potential is great. Basically, I am satisfied with the dealer, so I recommend it!
I enjoyed trading on this site and have made over 2 thousand euros in the last month. The 24/7 support was available to me initially, but recently it has become more difficult to get in touch with WDRCapital due to an increased influx of clients. Nevertheless, the service here is still good: the trading terminal is stable, the execution of trades is fast and the withdrawal process is perfect. For those who do not require constant support, wdrcapital.com is an excellent choice. However, if constant advice is important to you, it may be worth waiting, as the company claims plans to improve support and expand the team. For now, I trust them, and we'll see.
The firm has no licenses, and support operators on my requests for documents say something inarticulate, or answer something incoherent. I see that the terminal is primitive. And I do not understand - what attracts you to trade with these amateurs?!!
My investment of $700 seemed small from the start, but these scammers talked me into depositing 3 times as much! I tried to make money on cryptocurrency at Wdrcapital, everything was good in the profit reports, trades were executed quickly and the platform was not slow. However, when I made almost $4,000, which is twice what I invested, I decided to withdraw the profits, but the admins started asking me a lot of questions about my earnings and they started demanding to pay additional inadequate commissions, etc. As a result, I was unable to withdraw my profits. My experience with this broker was extremely negative! This is a Pseudo Broker!!!
I invested 1,800$ here and expected quality service, but my hope was in vain. The terminal has few functions and often crashes. WDRCapital tech support is very unprofessional and the administrators treated me with disdain. I decided to leave for another company that promised better service after I traded with this broker for a week. When I submitted a request to withdraw my balances, I never managed to get my money back. This cooperation brought me only losses and I can't advise anyone to contact these scammers!
I don't know how other traders could make trades on this platform, but these scammers decided to scam me right away as soon as I deposited €6k in one payment. Probably, the pseudo brokerage company wdrcapital counts on naive beginners like me, who immediately play big. That's why my account was blocked right after I made a deposit. I realized that this site is run by scammers.
I have an unpleasant situation. I invested my funds several times on this platform because I decided to make money that I needed urgently. I deposited 2-3 thousand dollars each several times and the trades executed perfectly at first. I realize now that I was too naive to become a client of WDRCAPITAL, which promised a unique and multifunctional trading terminal, but in practice it turned out not to be so. As soon as I stopped depositing, the platform started to work terribly :( I was not sure if the developers would ever fix the errors in the trading program and decided to take all my money. However, I had other problems and now all these funds, more than 14 thousand dollars, which I could have spent on useful things, were misappropriated by crooks from WDRCAPITAL. They said that to start with I have to pay about 5 different commissions, and each of them is huge, which means I have to deposit about 6 thousand dollars more, which is more than my profit. My attempt to withdraw at least some of the money, was also unsuccessful. This broker is a SCAM! You won't be able to withdraw a dime either, even if you earn tens of thousands of dollars, which the company promises to all traders. I recommend you to listen to my words and look at the experience of other traders, and then bypass this scam!