WM Markets has been launched by the management and team of the Windsor broker and now services Iranian customers in place of this brokerage. Further details on WM Markets can be found in the continuation of this article.
Review of WM Markets Broker
WM Markets was established in 2024 following the discontinuation of Windsor broker’s operations in Iran. This Forex broker, initiated by Windsor’s management and team, will now cater to Iranian customers. Let’s explore the details and features of WM Markets.
Introduction to WM Markets Broker
WM Markets can be considered a successor to Windsor broker! Due to regulatory issues that Windsor faced in serving Iranians, this brokerage was established by its technical team and stakeholders to continue servicing Iranian clients.
All services and details at WM Markets are similar to those at Windsor broker. Currently, WM Markets offers investment services and continuous trading in hundreds of CFD assets including Forex, stocks, commodities, indices, and more. Currently, traders have access to over 200 trading symbols at this broker.
Over 40 Forex currency pairs
7 precious metals instruments like gold and silver
6 energy symbols like oil and gas
7 commodity instruments like sugar, wheat, cotton, etc.
16 indices like Dow Jones and NASDAQ
4 treasury instruments
Hundreds of stock CFDs and more…
Regulation of WM Markets – Is WM Markets a Reliable Broker?
As of the writing of this article, WM Markets, trading as WM Markets Ltd, is regulated as a company by the Mwali International Services Authority (MISA), which is considered an offshore regulation.
WM Markets Accounts – Types of Accounts
If you were previously a client of Windsor, you’ll be familiar with the trading accounts at WM Markets! These are exactly the same accounts that existed at Windsor broker.
Currently, WM Markets offers two types of trading accounts:
Zero Trading Account:
Minimum deposit: $1000
Spreads on major symbols: from 0 pips
Maximum leverage: 1:1000
Commission: $8 commission on Forex and metals CFDs for one lot per round trade. Also, $8 commission on cryptocurrency CFDs for one lot per round trade
$0 commission on other CFDs
Minimum trade volume: 0.01 lots
Trade limit: 50 lots per order (Forex)
Hedging capability
No Islamic account
Protection against negative balance
Personal account manager
Stop out: 20%
Margin call: 100%
Prime Trading Account:
Minimum deposit: $50
Spreads on major symbols: from 1.0 pips
Maximum leverage: 1:1000
Commission: $0 commission on Forex CFDs and $8 commission on cryptocurrency CFDs for one lot per round trade. Other CFDs have no commission.
Minimum trade volume: 0.01 lots
Trade limit: 50 lots per order (Forex)
Hedging capability
Islamic account available
Protection against negative balance
Personal account manager
Stop out: 20%
Margin call: 100%
Trading Platform of WM Markets Broker
Currently, WM Markets supports the popular MetaTrader 4 platform! Additionally, the broker has announced that it will soon make the MetaTrader 5 platform available to traders.
