Wonderinterest review Review

Wonderinterest Trading Ltd is a Cyprus Investment Firm supervised and regulated by the Cyprus Securities and Exchange Commission. Cyprus is the most popular jurisdiction for forex brokerages due to the well-balanced regulation. Wonderinterest ltd. Provides trading opportunities for clients in the environment of global markets. It was founded on May 29, 2014.

 

Wonderinterest review  – products

They offer CFD trading, where you can invest in technology giants such as Microsoft, Alibaba, Alphabet or Netflix streaming services provider, CFD Indices, they allow you to track and trade the underlying index Dow Jones Average, S&P 500, Nasdaq Composite, DAX, EUROSTOXX 600 as many others. CFD Commodities which include oil and natural gas, also precious metals such as gold, silver and platinum and for those who prefer agricultural commodities, there is coffee, cocoa, wheat, and more. You can also trade CFD Forex and Physical Shares. Physical shares represent a share in the ownership of a company.

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Regulation

As written on their website: “Wonderinterest Trading Ltd is a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CYSEC)”. Also: “Wonderinterest Trading Ltd provides the following investment service in regard to the financial instruments stated further below in the EU Member states.”

 

Demo account

Using a demo trading account means that you don’t need to worry about losing money, you can learn and gain skills before you go live with trading. It’s a good educational tool for beginners. Like most brokers, Wonderinterest offers a demo account for you to learn, before you go live.

 

Fees

Broker fees can vary and change, there may be additional fees that are not mentioned in this review. The leverage is on average 1:5 and the spread is from 0.05. The commission on CFD is 20%. With CFD Indices the leverage is up to 1:20, spread in PIPS is various. The exact information about each product is nicely shown on their website.

 

Trading

You can trade with the xStation Mobile app. All you need is your smartphone, a mobile application for trading. You can invest in technology giants such as Microsoft, Alibaba, Alphabet or Netflix streaming services provider on a mobile phone.

 

If you prefer, you can trade on your desktop. WonderInterest Trading Ltd uses trading on the MT5 platform, which is preferred by successful traders. MT5 offers intuitive buttons, suitable for both beginners and experienced traders. The MT5, the successor to the popular MetraTrader4 contains several innovations that will make trading simpler and more pleasant. You have 6 new types of pending orders, 38 technical indicators, 79 analytical tools for technical analysis, and you can also export data in an Excel file.

 

The brokers website

I loved the website. The colors are dynamic and nice on the eye. No extra blabber and it’s very intuitive. At the top of the page you can log in or register, then it’s followed by a slide of 3 nice pictures and another option to “join”. Going further down, you can go to the mobile app, see their products or go to a trader’s guide.

 

They have written a few words about them and then Green Investments to which they have said:” We have analysed the TOP 10 “green investments” and focused on companies that we consider to be pioneering in the market while adhering fundamentally to the principles of ESG and sustainable development.” and put some videos for you to understand more.

 

And the last part of the main page is a link to information about the platform. The footer has links to the Traders guide, Company profile, Products and legal information. The traders guide is for newbies like me and there they explain what products they have and what they do.

Then based on your experience, you can select your level of knowledge and get the right information you need.

Everything works well, fast and without any problems.

Pros:

• Regulated
• CFD and Physical shares
• Green investments
• Demo account

 

Cons:

• No chatbot
• Fees not straightforward

Our Score