WBroker Review 2022
Is WBroker Safe & Legit?
Welcome to our WBroker review. Take a look to see why this user-friendly broker site could be a great option for your online trading!
Many WBroker reviews have labelled this broker as being the ‘Robinhood of Asia’. But we wanted to go much further than this. So we’ve carried out an extensive WBroker review that found that this is a great trading platform for cryptos, ETFs and more. So keep reading to see our WBroker experience and rating!
Our WBroker review found precious little in terms of special offers for new customers who signed up to the online broker for the first time. However, we should note that there is the option to enter in an invitation code as part of the signing up procedure.
This makes us think that there could be some special offers on their way from WBroker. So watch this space to see when you might be able to get anything from site credit to demo trading options from this up-and-coming online broker.
You can enjoy trading at WBroker either via your computer, tablet or smartphone. We’d thoroughly recommend downloading the WBroker app to your iOS or Android device. This offers you a fast and secure way to do anything from making your deposits to browsing the price movements of the assets and actually executing the trades.
We particularly enjoyed just how fast and intuitive the WBroker trading platform was. While many online brokers go out of their way to give you way more information and analytics than you’ll ever need, WBroker keeps everything trimmed back to the bare minimum. All of which should make for a quick and efficient online trading experience.
WBroker prides itself on being a broker that makes online trading something that is accessible for everyone. This can be seen in the way that there are no account minimums once you sign up to WBroker.
We also appreciated the fact that we were able to open a trading account in little more than 10 minutes. Here you will need to submit your mobile number so that you can get your account verified by SMS. There will also be the need to submit additional verification documents like a passport.
Most people will simply use the standard trading account at WBroker. However, it’s worth noting that this online broker does sometimes feature alternative account options. For example, we found a WBroker VIP account that featured a high-yield savings account with up to 10% APY. Not something that you find at too many online trading platforms.
We found that it was pleasantly intuitive to manage our assets and execute our trades on the WBroker platform. You’ll get an easy way to browse all of the different stocks and ETFs and there are a variety of different search tools that help you zone in on your preferred asset. From here, you can check a range of statistics relating to the asset so as to make an informed decision about whether you should buy or sell.
As well as the main trades that you’ll be executing, you’ll get the opportunity to create a watchlist of all of the assets that you are interested in. Each asset will be summarized with a wealth of data so that you can see its price movements and then make a simple decision as to buy or sell.
WBroker lets you make speedy deposits that should take little longer than 10 minutes to land in your account. What’s particularly impressive is the fact that WBroker even manages to successfully operate a same-day withdrawal policy. There might not be the broadest range of payment options here, but you should find it simple to make a payment to WBroker direct from your bank.
The only disappointing thing here is the fact that WBroker charges a (small) fee for moving your money around. Thankfully, we should also note that your assets will be kept securely as they will be stored in a separate segregated account. All of which should keep your money safe regardless of any global market turbulence.
Much of WBroker’s appeal rests on the fact that it features a commission-fee trading model that is similar to that found at many other popular online brokerages. So how does WBroker make its money?
You’ll see that all costs are absorbed into each trade. For example, there may be fees for clearing, sell orders, transaction certificates and so on. Thankfully, all of these fees are clearly displayed in the help section and they are much less costly than you’ll find at other online trading platforms.
We found that WBroker operates a professional and efficient customer service team. You can simply go into the online chat room via the app and instantly get a helpful response from the customer care agents. There is also the option to message WBroker directly via the dedicated customer support email address in the site footer.
We should also note the fact that WBroker is responsive on its Facebook and Twitter social media channels. Plus there is a reasonably useful help section on the WBroker site that does a fair job in explaining things like setting up an account, understanding the various trading costs and so on. So while there isn’t any kind of telephone support, we were pleased with the customer service options we found at WBroker.
We can’t have a decent WBroker review unless we look at whether you can actually trust this online broker. The main thing to note is that this is a fully compliant online broker that holds all of the relevant customs licensing. You can see this in the Type 1 Dealing license issued by the Securities and Futures Commission of Hong Kong, and there is also a license from the Financial Services Provider Register of New Zealand.
WBRoker is also fully insured meaning that customers can have up to $500,000 covered under the relevant insurance from the USA SPIC or the equivalent in HKD from the HK ICC. Just so you know, WBroker has served over 60,000 clients with a total trading volume in excess of 100 billion HKD. All of which point to the fact that WBroker is an online trading platform that you can trust.
We loved the fact that WBroker even features a handy news service on its trading platform. This can give you the latest on the quarterly earnings reports from brands like Tesla and AT&T all the way through analysis of the current supply chain issues.
You should also check out the informative articles under the ‘Learn’ tab that take you all the way from investing basics through to speculating on IPOs and much more. Perfect for taking your online trading to the next level.
Our WBroker review found that this is an impressive and ambitious online trading platform. It’s easy to be taken in by catchphrases like, ‘the Robinhood of Asia,’ but WBroker actually lives up to the hype. This means that it is essentially doing an excellent job of ensuring that more and more people get to enjoy the benefits of online trading in the global marketplace. As such, you can sign up here and know that you are being given a safe and reliable way to trade anything from major stocks to ETFs and cryptocurrencies.
Obviously, there is no such thing as a perfect trading platform, and it’s clear that WBroker is still a relatively new brand. This means that it might not have some of the more exhaustive trading options that you’d get at heavyweight online brokerages.
But on the whole, we’ve been impressed with what we found at WBroker and would recommend this brand for anyone looking to get started with online trading. So sign up to WBroker and see what you can trade!