Trading is a type of activity that can bring potentially very high income and at the same time has high risks of financial losses. Therefore, professionals advise to treat trading as a business, one must understand that it requires financial and mental investment, is associated with risks and uncertainty, requires experience and skills. Professionalism in trading operations is honed with time, experience, and knowledge, making people successful businessmen with solid profits. Trading can be a side occupation or become a main occupation. It requires financial and mental investment, the ability to compare risks with the expected result, and the desire to constantly learn and improve. Before you work with a broker, you should carefully check that the broker is not a scam. The probability of running into a scam is very high nowadays, which can play a crucial role in bankrupting a trader later on. The greatest informational value is client feedback on the Internet in independent or closed merchant forums. Today, in our independent and informative review, Wonderinterest LTD trader will be the main participant.
Review content
What is Wonderinterest Ltd and what services does it offer?
Wonderinterest offers CFD trading where you can invest in shares of tech giants such as Microsoft, Alibaba, Alphabet and streaming service provider Netflix. It also makes available Index CFDs, so they allow you to track and trade the underlying Dow Jones Average, S&P 500, Nasdaq Composite, DAX, EUROSTOXX 600 and many more. CFD commodities 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. Forex CFDs can also be traded.
Let’s talk about what CFDs are and what you need to know in order to use them properly and make a profit.
A CFD contract is an agreement between two parties (seller and buyer) to transfer the difference between the price of an asset when a trade is opened and when it is closed. This derivative instrument is often used by traders.
Applying an SFD, it is possible to fully trade different assets at the same time – stocks, indices, currencies, including digital. But the stock market greatly benefits from the use of such contracts, because trends stay there longer and securities of different issuers exhibit significant movement when reports are issued.
CFD is an abbreviation for Contract For Difference. It allows you to trade not the instrument itself, but its price. Such trading is speculating on price movements in any direction. A trader gets all benefits related to trading shares without actually owning them.
Such contract follows the changes in the price of the asset and is concluded for a short period. Its purchase does not presuppose any dividend payments. In addition, transactions are only between the broker and the trader.
CFD were created to meet the demands of speculators with a small deposit, as for operations with them it is necessary to deposit only a part of funds from the price of the underlying asset. This type of trading is called margin trading, i.e. leveraged trading. Such contracts increase the number of participants, allowing traders with small capital to access the market.
Good to know
CFD contracts are a relatively new financial instrument. The first such contract was created just two decades ago in London by Smith New Court, a derivatives company. Since then, CFDs have progressed significantly.
There are several reasons for the emergence of such financial instrument: the first one is the laws, which considerably limited the amount of leverage. The second factor was the introduction of stamp duty (tax on trading in securities).
Judging from the information above, the trader’s decision to trade the CFD was a very accurate one. Let’s look at the difference between SFD trading options. And let’s start with the CFD indices.
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Very often when people talk about the stock market, they mean stock indices. With the growing popularity of the stock market in our society, names like Dow Jones, SP 500, CAC40 or Nasdaq 100 have become part of our everyday vocabulary.
Stock index is an indicator that reflects the general, current and historical dynamics of a particular securities market, the value of which is based on the value of a basket of shares of one country, sector or group of shares.
Not only can stock index CFDs be analyzed, but they can also be bought and sold in the same way that stocks are traded, earning a profit.
Next trading CFD option will be CFD commodities.
You may still not know which commodities to invest in, so we’ll show you a list to try to help you decide.
There are four main categories in the commodities trade in which you can have a discussion about each individual product:
- Agricultural products: includes raw products such as sugar, cotton, coffee beans, and so on.
- Energy products: oil such as WTI or Brent, gas, electricity.
- Metals – this includes precious metals such as gold, silver, and platinum, as well as base metals such as copper.
- Livestock products: includes pork and bovine skulls in general, as well as other meat products.
Now let us check about CFD shares.
An alternative to buying shares is trading shares with CFDs. A trader can buy a contract for difference (CFD) on a particular share, speculating on the difference in the price of the underlying asset (in this case, a share), without having to own it. A CFD is a derivative (derivative product) in which the broker usually agrees to pay the investor the difference in value of the security between the opening and closing price. Traders can go long (assume that the price will rise) or short (assume that the price will fall). Trading CFDs is generally considered a short-term investment when trades are opened and closed over time periods ranging from a day to a week.
But what is CFD Forex?
If you want to trade Forex via CFDs, you need to understand the basic foreign exchange market. CFDs are an alternative way of trading forex currency pairs. CFD Forex trading provides several advantages to traders, such as leverage, flexibility, and the ability to trade on margin. It allows traders to control large positions in the market with a small initial investment, giving them the potential for high returns. However, traders should be aware that CFD Forex trading also carries significant risks, such as the possibility of losing more than their initial investment, and should always approach it with caution and proper risk management strategies in place. Overall, CFD Forex trading can be a lucrative way for experienced traders to participate in the foreign exchange markets.
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How to start investing with Wonderinterest Ltd?
Before starting to invest you need to create an account. In order to practise your trading skills with a relatively new broker -create a demo account.
The demo account is exactly the same as your real account. The only difference is that the broker will credit your demo account with virtual money. You can open trades with it, but of course you cannot withdraw profits.
A demo account is basically a training tool for the trader. You can use it to learn the techniques of opening and closing trades, practice different operations and strategies.
Wonderinterest is no exception and offers a demo account.
You just need to enter your name, email address, phone number, tick that you agree with the Acknowledgements and click “Send”. Once you receive the email with demo account confirmation you can start to know the Wonderinterest world better.
However, you must go through an identification process after activating your email. The information in the footer below the form above is a great help. There is a detailed list of documents to verify. Not every merchant offers such detailed instructions.
But if you feel enough “trading power” you can create a trading account. Here the option is much more versatile. If we click on the trading tab, we immediately find the trading accounts section. Thanks to the clear tabs, we can immediately see the trading options and what we get with each account from Wonderinterest. Clearness, simplicity and clarity are the things we really appreciate here.
Types of accounts
- COAL (minimum deposit up to $100,000)
- WATER (minimum deposit from $100,000)
- SOLAR (minimum deposit up to $300,000)
- NUCLEAR (minimum deposit up to $750,000)
- FUSION (minimum deposit from $1,500,000)
Brokerage fees vary and change, and there are other fees not mentioned in this review. Leverage averages 1:5 and therefore spead is from 0.05. The commission for CFDs is 2%. For CFDs on indices the leverage is up to 1:20, the spread on PIPS varies. The exact information about each product is clearly displayed on their website.
The broker’s trading platform is literally a treasure trove. It is the XOH Trader platform or MetaTrader5. It supports absolutely all browsers. Easy to use, very readable and user friendly. The web interface is available in up to 6 languages. Also present is a trading guide that is informative enough. The company’s website is tuned to black and green. This is quite logical given the company’s focus on sustainable investments. We especially appreciate the fact that they are not “excessive” and therefore do not distract clients from what is really important in the world of finance.
The website also has a section dedicated to education, providing traders with access to a range of educational materials, including eBooks, webinars, and trading guides. This is an excellent resource for beginners who want to learn more about trading, as well as for experienced traders who want to improve their skills.
Especially noteworthy is the blog section, which is regularly updated with useful articles.
Financial side of the broker is also very important. Payment methods are surprisingly limited. And this fact is a small disappointment. Deposits can only be made by card or bank transfer. No online wallet can be used.
The minimum deposit is 1,000 euros. Withdrawals can only be made by bank transfer.
The only fee to be mentioned is the inactivity fee. This is quite high for this company. So if your account is inactive for 1 month, you will pay 89 euros to the company. This is a monthly fee.
So, we came to the most important goal after creating an account and reading the information on the broker’s website- trading. From the very beginning you must define exactly what you want to trade with:
- CFD Shares
- CFD Indices
- CFD Commodities
- Or CFD Forex
And only after doing that actively engage in the trading process. By the way, the broker’s mobile app works just as well as the desktop app.
Interesting facts from the world of trading
Traders’ strategies
There are two strategies:
The upside game. Traders who bet on the growth of the asset, otherwise they are called “bulls”.
Down play. Traders who believe the asset will fall soon. They are called the “bears”.
This division is in many respects relative. Many traders make transactions both in a “bull” and in a “bear” trend.
Monuments to bulls and bears have been placed near many trading floors: in New York, Shanghai, Frankfurt am Main.
Trading requires a lot of hard work. Sometimes market participants trade for 10, 12, or even 16 hours a day, because they are tied to the opening schedules of stock exchanges around the world. So, assess right away whether you are ready to engage in this type of activity. In terms of how to learn to trade in the black, the answer is simple: you need to constantly accumulate new knowledge and experience.
Security and regulations
A broker’s license is a confirmation of the quality of services provided and business transparency. The more such official documents a company has, the more reliable it becomes in the eyes of traders. That is why trading firms all over the world first of all try to get a broker’s license, and it is better not just one, but several at once.
A solid regulator requires that a brokerage company in its promotional materials must necessarily indicate the percentage of retail clients’ trading accounts that lose money in the process of making transactions. Of course, the company has nothing to do with the value of this percentage (it cannot open trades by hands of clients and develop trading strategies for them), however, this point is extremely important first of all for the client’s risk assessment, so its presence is constantly checked by the supervisory organization.
The phrase that contains this information is called Risk Warning. A reliable broker always indicates this information in its materials, warning traders that they must understand the principle of trading in the financial markets – in particular, forex and CFD.
As it says on their website, “Wonderinterest Ltd is a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CYSEC)”. Also: “Wonderinterest Ltd provides the following investment services relating to the financial instruments listed below in EU Member States.” Cyprus is probably the most popular jurisdiction for forex brokers due to its balanced regulation and favourable business environment. Brokers licensed by CySEC must meet certain requirements such as having at least €730,000, reporting their trades regularly and keeping their clients’ money in segregated accounts.
A broker’s license to provide traders with access to the foreign exchange market is a document that indicates the company’s solvency and seriousness. Firstly, it costs considerable funds and demands renewal every year, secondly, the regulator imposes serious restrictions on the company’s work and traces the truthfulness of the information about the company and trading in general. Therefore, it is possible to trust brokers that have licenses from well-established regulators.
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The Company’s business effectiveness is based on the guidelines of the risk management policies and procedures put in place. The Board of Directors, Internal Audit, Risk Manager, Compliance and Anti-Money Laundering Officer control and supervise the overall risk system so that all units charged with risk management perform their roles effectively on a continuous basis.
Wonderinterest has a stable business model and this is reflected in:
A well-balanced capital allocation between the Company’s operations
A geographically balanced model with a high percentage of revenues.
The Broker’s growth strategy focuses on its existing areas of expertise and the quality of its customer base. Wonderinterest strives for sustainable profitability consistent with its cost of capital and a balanced business model.
Interesting facts and awards
Mobile trading gives traders complete freedom. Not so long ago, you had to be in front of a computer screen all the time to trade. Today, thanks to smartphones and tablets, you can trade from anywhere in the world. Over the past few years, more and more mobile trading software has appeared. So now all you need for trading is a smartphone or tablet and the Internet.
According to data compiled by Finance Magnates Intelligence, in the first quarter of 2022, 55% of transactions were completed on mobile devices. Desktop apps accounted for the remaining 45%. While this statistic is not representative of the entire industry, it clearly shows the trend.
But why all this information?
In fact, these are very important facts because the broker Wonderinterest Ltd won the award in this very niche- the Best Mobile Trading Broker at Forex Expo in Dubai 2022. This is a tremendous achievement in the world of trading and a very prestigious award. In order to be recognized for the award, the broker has done a huge job and received a bonus thanks to the grateful traders and their feedback.
Determination of the best broker in this or that nomination usually takes place in two stages – first experts select contenders for the title of the best in their industry, and then there is an open vote for them on the award site by traders and clients of the company. In case with Wonderinterest LTD there were more than 52,000 votes resulted the award winning.
We can confidently predict further rewards for this broker, given their pro-customer philosophy.
But that’s not all of the broker’s achievements. In our reviewer’s opinion, the broker is not a classic broker and does many other related projects. One such project is Trade Responsibly, a product that focuses on providing clients with analytical information and support specifically for buying securities in industries that help transform the economy towards sustainability.
In the project, trees grow as much as the client invests.
Depending on the amount of the deposit, the client not only receives benefits associated with a particular type of trading account, but also supports tree planting. Trees are an effective investment in reducing the concentration of carbon dioxide in the atmosphere, which can help to save the world from climate disaster. Trees are living assets which take time to mature, and timely investment and maintenance are essential for them to produce their best returns into the long term.
We believe that this is not the broker’s last interesting project and we will follow it carefully.
What do users say about Wonderinterest Ltd
Wonderinterest Ltd is a trading company that offers a variety of investment options, including stocks, commodities, and cryptocurrencies. As with any trading company, it’s essential to know what users say about Wonderinterest Ltd and their experience with the company’s services.
One way to gauge customer satisfaction is to check online review websites such as Trustpilot, Yelp, and Google Reviews. These websites allow customers to leave reviews and ratings of companies, products, and services. While there may not be a lot of reviews for Wonderinterest Ltd, any reviews available can provide insights into the company’s customer service, quality of work, and overall reputation.
It’s important to note that not all reviews are created equal, and some may be biased or unreliable. It’s essential to read multiple reviews from different sources to get a balanced view of the company’s reputation. Look for reviews that provide detailed information about the customer’s experience, including what investment options they used, how long they used the service, and whether they were satisfied with the outcome.
One review on Trustpilot from a customer named John states, “I’ve been using Wonderinterest Ltd for several months now, and I’m very pleased with the service. The platform is easy to use, and the customer support team is very responsive. I’ve had some great returns on my investments and would recommend Wonderinterest Ltd to anyone looking for a reliable trading platform.”
Another review on Google Reviews from a customer named Sarah states, “I had a great experience using Wonderinterest Ltd. The platform is user-friendly, and the customer support team is very helpful. I was able to make some good profits on my investments, and I would definitely recommend this company to others.”
It’s also essential to consider other factors when choosing a trading company, such as the company’s experience, expertise, pricing, and customer service. Wonderinterests customer support can be reached by telephone: +357 25 056 419, email: support@wonderinterest.com or send messages online to get in touch. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. Company address: 176, Makariou III Avenue, Paschalis Avenue House, Agia Zoni, Limassol, Cyprus.
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Wonderinterest Ltd – advantages and disadvantages
Before we look at the advantages and disadvantages of this broker, let’s find out how to distinguish a good broker from a bad one. So, let’s begin.
License availability
Any broker to carry out his professional activities must have a license, information about which should be listed on the company’s website. A brokerage license is a document that gives the right to engage in professional brokerage activities. To obtain a license, regulators require a broker to have a significant amount of equity capital, as well as compliance with all the standards of a regulated market. The licensor periodically audits brokers and, if the latter are found to have violations, this can lead to serious fines and even withdrawal of the license. Also, regulators can act as arbitrators if disputes arise between a broker and its client.
Reliability
An important criterion for reliability is the age of the company. If a brokerage company is just beginning its activities, there are risks that it will not be able to provide high quality services at once, or will close, notwithstanding the competition. It is better to orient on brokers, which work on the market not less than 5 years, and ideally 10 years. It’s like a good cognac – the more mature (age) the better. The qualitative and prompt work of the support service also testifies to the reliability of the broker. A serious company has several channels of feedback: a personal account, e-mail, 24-hour technical support phone number.
Reputation
In addition to the license and reliability, it is also worth assessing the reputation of the company. We mean the reputation of the broker, the openness for the clients, the absence of scandals and problems with the withdrawal of funds. The Internet is full of different resources which make up the ratings of brokers. A serious brokerage company with a good reputation will be in the top ten of most ratings. Regular participation of the broker in professional exhibitions and having awards in various nominations is a significant plus to the broker’s reputation. These awards confirm the serious approach to work and the high quality of brokerage services. The feedback from real clients also makes a significant contribution to a company’s reputation. There will always be dissatisfied people, but most of the reviews will be in favor of a good broker.
Trading conditions
Once you have made sure you have the necessary licenses, reliability and good reputation of the broker, you need to evaluate the trading conditions. Below we will consider the most important trading conditions to which you should pay attention. Based on your trading preferences, you will need to decide which trading conditions will be crucial for you personally.
- Deposit/withdrawal of funds
- Spreads, Commissions, Leverage
- Available Financial Instruments
Now as we analyzed the most important features of the reliable broker, let us have a look at advantages of Wonderinterest LTD, among them:
- CySEC licence
- Support for Czech language and payments in Czech crowns
- Real shares and CFDs in one place
- Free deposits and withdrawals
- Clear and client-friendly company website
- Deposits and withdrawals can be made by bank transfer and credit card
- Media popularity
- Demo account
There is no limit to perfection and we found small drawbacks of the broker
- Restricted payment and withdrawal methods
- Account inactivity fee
But it’s nothing compared to what the broker offers.
Based on the analysis of Wonderinterest Ltd, we highly recommend this broker for trading in financial markets. With its CySEC license, reliable reputation, and user-friendly trading platform, Wonderinterest Ltd offers a range of benefits to traders of all levels. The broker’s ability to provide real shares and CFDs in one place, as well as its support for Czech language and payments in Czech crowns, make it a popular choice for traders in the Czech Republic.
Wonderinterest Ltd also offers free deposits and withdrawals through bank transfers and credit cards, which is a major advantage for traders looking to avoid extra fees. The broker’s media popularity, demo account option, and clear website design further reinforce the company’s dedication to providing a positive trading experience. The educational resources and 24/7 customer support make it an excellent choice for both novice and experienced traders.
While there are some drawbacks to Wonderinterest Ltd, such as restricted payment and withdrawal methods and an account inactivity fee, these issues are relatively minor in comparison to the many benefits the broker offers.
Overall, Wonderinterest broker offers a reliable and transparent trading environment that is suitable for both novice and experienced traders.
