Wonderinterest Broker Review

Wonderinterest Review: Wonderinterest is a Cypriot investment company, regulated by the Cyprus Securities and Exchange Commission (CySEC). Wonderinterest provides trading opportunities for clients in a global market environment. Well-known in the Czech Republic, Olívia Lacenová will advise you with tips and advice, helping you to better navigate not only the Green Deal firms through her readable reviews.

Wonderinterest Review – Table of Contents

Fundational information about Wonderinterest

Wonderinterest is an international broker that specializes in Forex trading and investing in CFDs and physical shares. The company was founded on May 29, 2014 and has been active in the market since 2016, providing its services to clients across Europe. Wonderinterest uses the proven MetaTrader 5 trading platform and its own mobile app, which allows convenient trading anytime and anywhere.

One of the great strengths of this company is the involvement of Olivia Lacen, a well-known analyst in the world of finance. Her educational studies and accurate market analysis are appreciated for their high quality and usefulness for investors of all levels.

Wonderinterest allows clients to trade not only CFDs, contracts for difference, which allow investors to speculate on movements in currencies, indices, commodities and stocks without owning the underlying assets, but also to invest directly in physical shares. The company focuses on environmentally responsible investments (green investments), which is reflected in the green design of their website. Clients can start with a demo account, which is ideal for those who want to gain experience without the risk of losing funds.

Company Name	Wonderinterest
Company Operator	Wonderinterest Trading ltd
Registered office of the company operator	Cyprus
Established	2016
What you can trade	CFDs (stocks, commodities, currencies, indices, ETFs and physical shares)
Payment method	bank transfers, credit card
Account currencies	CZK, EUR, USD, HUF
Trading platform used	MetaTrader 5
Trading fee	yes
Inactivity fee	yes
Withdrawal fee	no
Demo account option	yes
Minimum deposit	250 USD

Wonderinterest: Product portfolio

Wonderinterest Trading Ltd provides the following services to its clients:

• Floating Spreads (market conditions may cause spreads to widen or narrow beyond typical spreads)
• Wide range of instruments (Clients can trade a variety of financial instruments, including forex, precious metals and CFDs on stocks, commodities and indices)
• Pips
• Minimum initial deposit of USD 250 by bank transfer
• Financial leverage up to 1:30

Investment options

Like any other broker, Wonderinterest offers a large range of options on where to invest. Specifically, it offers 2 types of trading instruments namely: CFD contracts and real shares.

If we talk about real shares, we are talking about an instrument that is mainly suitable for long-term investing. It is therefore good if the client is convinced that the funds he intends to invest in the purchase of shares will not be needed in the near future. The moment you buy real shares, you become a real shareholder in the company that issued the shares. This entitles you to so-called dividends.

Wonderinterest offers a really large number of these shares. We’re talking hundreds of them. You can choose from both American and European stock exchanges. Of interest to clients are shares in technology mega-companies such as Amazon, Apple, Microsoft, Facebook or Google.

If we start talking about CFD trading, the situation is different here. You need to understand that the broker is not selling you actual shares or commodities. They don’t even trade on a real stock exchange. So, clients need to be warned that such trades are high risk. This is what the broker does. Wonderinterest’s website is full of information about the risks of trading CFD contracts. This appears to be a fair deal from the broker and I definitely give it a thumbs up.

Trade stock CFDs: The physical shares themselves represent an ownership stake in a company, this product then allows you to speculate on the future market movements of the underlying asset without owning or taking physical delivery of the underlying asset.

Index Trading CFDs: Here there is the ability to track and trade the underlying Dow Jones Average, S&P 500, Nasdaq Composite and many more.

Trade CFD commodities: CFD commodities include oil or natural gas, as well as precious metals such as gold, silver and platinum.

Or trade CFD forex: If you want to trade forex through CFDs, you need to understand the basic foreign exchange market. CFDs are an alternative way of trading forex currency pairs.

What is CFD?

We have already mentioned how CFDs are risky. But what is it? With these contracts, a client can speculate on the upside and downside without actually buying the contract. Compared to real shares, CFDs are suitable and ideal for short-term speculation. So, there is a need to understand this type of investing. Indeed, the company warns that it is completely unsuitable for ignorant investors and long-term investments!

Wondeinterest can trade many different instruments using CFDs. Here just in a nutshell:

• Shares (hundreds of types – European, American, and Czech titles)
• 10+ indices (S&P 500, Dax, Dow Jones)
• 50+ forex or currency pairs (EUR/USD, USD/CHF, GBP/USD and others)
• 20 + commodities (classic – gold, silver, platinum, coffee, oil, natural gas, and others)

Wonderinterest Regulation

As mentioned at the beginning of the review, Wonderinterest is a Cypriot investment company subject to supervision and regulation by the Cyprus Securities and Exchange Commission (CySEC) and offers investment services across EU member states for various financial instruments.

Cyprus is often the preferred domicile of forex brokers, mainly due to its balanced regulatory environment and favourable business conditions. Companies licensed by CySEC must meet strict requirements, including holding a minimum capital of €730,000, regularly reporting their activities and maintaining client funds in segregated accounts to ensure their safety.

All the necessary information about Wonderinterest’s legitimacy is easily traceable on the website.

Demo account

Using a demo trading account means you don’t have to worry about losing money, you can gain skills before you start trading. It is a good learning tool for beginners. This broker offers this option.

Fees

Broker fees may vary and change, and there may be other fees not listed in this review. Leverage is on average 1:5 and spread from 0.05. The commission on CFDs is 20%. With CFD indices the leverage is up to 1:20, the spread in PIPS varies. The exact details of each product are displayed on the website.

First of all, the commission fee for brokering the trade, the inactivity fee and also the swap fees seem to be high.

Unfortunately, I have not found the fee schedule directly, but everything can be found in the “trading conditions” section.

Fees for trading physical shares

Brokerage fee (commission) – A broker charges a commission fee for buying or selling physical shares. This tends to be very common. The size of the fee is 0.75% of the order, but a minimum of 500 crowns per trade.

So again, we are back to what I mentioned once before. The broker does not focus on smaller investments, but rather on the so-called “big fish”.  A smaller order can therefore become very expensive (for example, you will lose 5% if you buy 10,000 CZK worth of shares).

Management fee – If a trading position is opened after the market close, the broker may charge a management fee. However, you would need to inquire directly with the broker about the size of the fee, as I could not find it on the company’s website.

Spread – Spread refers to the difference between the buy and sell price. Spreads on real stocks are very low, practically zero in percentage terms. This is very good news for investors.

CFD trading fees

Trade Arrangement Fee or Commission Fee – A commission fee is essentially a fee for arranging a transaction. Note, however, that the fee is paid at both the opening and closing of the trade. However, it is also important to note that it does not apply to all instruments traded, but specifically to CFD shares. The size of the commission is 0.25 % of the trade, but with a minimum of $25 (500 CZK) per transaction!

Spread – Spread refers to the difference between the buying and selling price. This figure tells you how favourable or unfavourable the trade rates are, or how much you lose for a two-way trade (i.e. buying and selling).

Other fees to mention are swaps, for example. These are also known as overnight fees. This fee is paid when holding a CFD position “overnight”. It is paid once a day, for each CFD position you trade that you leave open after the market you are trading in has closed. Should a client be looking to size these daily swaps, they need to visit the company’s trading platform and can view everything in detail here.

Trading on Wonderinterest: deposits and withdrawals

The good news for potential clients is that you can start trading with this company very quickly and without unnecessary delays. Just enter your name, email, phone number and the company will send you a password to your email address. After this, you can trade in demo mode.

If you want to go ahead and start trading in a sharp investment environment, you need to fill out a questionnaire, of course, personal and contact information, as well as information about your finances. If this is done, you need to deposit funds into the platform. At this point you can start trading.

However, we must be careful about one thing. If we would like to withdraw funds, we need to upload copies of 2 personal documents into the system (platform). This is a perfectly normal procedure. Every regulated broker is required to do this by the European Directive and the Anti-Money Laundering Act.

Let’s now move on to the information regarding deposits and withdrawals with this broker.

More from our FX folder: Trading vs. Investing

At Wonderinterest we can make deposits and withdrawals not only by bank transfer but also by credit card. Which I consider a big plus for clients. If we make a deposit by bank transfer, the minimum amount is 20 000 CZK. If we deposit funds via credit card, we can deposit only 2000 CZK.

The fee that needs to be mentioned is the inactivity fee. It is quite high for this company. So, if your account is inactive for 1 month, you will pay EUR 89 to the company. This is a monthly fee.

The good news, on the other hand, is that all deposits and withdrawals are free at Wonderinterest.

Trading platform

For those who prefer to trade on the go, the Wonderinterest mobile app is up for grabs. This app is designed to provide users with quick and intuitive access to over 1,000 trading instruments, including stocks, commodities, currency pairs and indices.

If you prefer, you can trade via PC or laptop. WonderInterest uses the MT5 trading platform used by successful traders. MT5 offers intuitive options, suitable for both beginners and experienced traders. MT5, the successor to the popular MetraTrader4, includes several innovations to make trading easier and more enjoyable. You have 6 new pending order types, 38 technical indicators, 79 technical analysis tools and you can also export data to an Excel file.

The trading platforms guarantee fast trade execution, access to a wide range of investment tools and advanced features, making it the ideal choice for all types of investors.

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Wonderinterest Trading Accounts

In the review we have already mentioned that the broker does not focus only on small investors, but it can offer interesting investment opportunities to large investors or companies that have decided to invest a sum of money even up to 1 500 000 USD.

If we click on the trading tab, we will immediately find the trading accounts section. Immediately, the trading options and what we can get with each account from Wonderinterest are spread out for us thanks to the clear tabs. I really like the clarity, simplicity and understandability here.

Account types

• Coal: minimum deposit 50 000 USD
• Water: minimum deposit 100 000 USD
• Solar: minimum deposit 250 000 USD
• Nuclear: minimum deposit 500 000 USD
• Fusion: minimum deposit 1 000 000 USD

Of course, it is logical that the company offers services according to the amount of investor’s funds. However, for all these accounts the company will offer us the following services.

• Free trading account
• No fees for deposits and withdrawals
• Communication with the company in the local language
• Option to choose from 3 trading platforms
• 24/5 client support

Of course, there is an “open an account” tab for each of these trading account options. So, clients don’t have to search for a long time and can use their chosen variant immediately. I rate this very positively.

We have already discussed that the more money we invest, the more benefits we can take advantage of from the company. Specifically, this relates to spreads. For example, in the “SOLAR” account variant, the spreads are 45 % lower than in the “WATER” variant.

Website and media

I was very impressed with the Wonderinterest website. They are clear, colourful and easy to navigate thanks to the simple layout. At the top you’ll find login and registration options, followed by a scrolling gallery where you can directly click on the “Join” button. Scrolling down, you’ll discover sections dedicated to the mobile app, their products and the traders guide.

The site also includes a section dedicated to green investing, where the company states that they are targeting companies that are leaders in sustainability and ESG compliance. To better understand these topics, you can watch several educational videos. One of the introductory videos addresses the question of whether green practices are really cost-effective. Other videos focus on examples of companies such as Tesla.

Then, at the bottom of the main page, you’ll find links to information about the trading platform and other useful sections such as a trader’s guide, company profile, overview of products offered, and legal documents. The Trader’s Guide is a great resource, especially for beginners. It explains the available investment options and how to work with them in a simple and clear way.

On the right side of the guide you will find a trading glossary that explains basic terms such as “stock market” or “bear market”. With this section, you can adjust your level of knowledge and get the information exactly to your needs. I really appreciate how clearly they describe the steps, step by step. However, they could add some visuals to make the learning even more accessible.

I really liked the website. Everything works well, quickly and without any problems.

Wonderinterest Analyses

Another interesting part of their website concerns their chief analyst Olívia Lacenová. They give information about her that she “has been working in the world of financial markets for more than five years. She started in the sales department, where she focused on clients trading CFD instruments. She later moved to the analytical department.

She is particularly interested in fundamental analysis with a focus on green investments. She also has extensive experience in commodities and precious metals. In addition, she provides her own blogs, lectures for young people and collaborates on various webinars on investment topics.” Below this description and photo of Olivia, you have analysis that you simply must review.

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Advantages and disadvantages

If we were to talk about whether a company is suitable for trading your finances, it is important to remember that this company does its “business” a little differently. Let’s now take a look at the advantages and disadvantages that I see in the possibility of trading with Wonderinterest.

Advantages:

• CySEC license
• multi-language support
• payments in Czech crowns
• Real stocks and CFDs in one place
• Deposits and withdrawals without fees
• Clear and client-friendly company website
• Deposits and withdrawals can be made both by bank transfer and credit card

Disadvantages:

• Relatively high fees
• Targeting rather large investors
• Insufficient introduction of the company

A client who chooses to do business with this company will certainly find its own positives. Fingers crossed that the investments grow.

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