Broker Selection: Evaluation of Westmarket Limited
Only those who are not afraid to take risks drink champagne, except when choosing a broker. Reviews from deceived traders indicate that impulsive decisions can lead to financial losses. Before choosing a new intermediary, it is important to carefully evaluate all parameters to make an informed decision. Our review focuses on Westmarket Limited.
Currently, more than 10,000 traders from 15 countries around the world use the services of this company. However, it has not yet gained widespread recognition in the Russian community. Positive reviews are just beginning to appear. Let’s see how relevant this company is.
Information about Westmarket Limited
Westmarket Limited aims to create a reliable and safe trading environment to achieve success in financial markets. The company warns about the risks in the CFD sector, and reviews attest to the reliability in fulfilling obligations and profit withdrawal.
After officially focusing on Europe and the CIS, the company decided to change its domain. The website westmarketlimited.com was registered in June 2021. This explains the lack of reviews in the Russian internet, as traders from Russia are just starting to get acquainted with this broker.
According to information, Westmarket Limited is registered in the UK, with the official address: 52-54 Lime Street, London EC3M 7BS. Registration number – 02981032.
The website is available in English and Russian. To provide brokerage services in Russia, a license from the Central Bank is required. The company has not yet obtained this license, but has submitted all the necessary documents. User reviews point out the lack of a license as one of the drawbacks, but emphasize the company’s honesty in payments.
On the Westmarket Limited platform, there is well-thought-out internal documentation. Before depositing funds, it is recommended to carefully study all rules and conditions. This includes terms, refund policy, KYC and AML, privacy policy, as well as risk disclosure.
Many documents in Russian are missing, but this can be solved with the help of online translation and text copying services.
Several communication channels are provided for consultation with the broker: phone (with British and Russian codes), email. Support staff strive to assist, although not always instantly.
Westmarket Limited is also present on social media, where clients can ask questions or leave feedback. Links to social networks are available on the official website.
Offerings of Westmarket Limited
No information about the availability of a demo account at Westmarket Limited was found. However, the company provides good opportunities for beginners, including educational materials, bonuses, and FAQ.
The broker recommends installing AnyDesk for remote assistance from a personal manager. Risk-free deals are also provided within the tariff plans.
Westmarket Limited offers its own trading platform. Reviews show that traders successfully transition to this platform due to its intuitive interface.
Users can choose from 5 types of accounts with different features and initial deposit amounts. The minimum deposit starts from 250 euros, and for the highest tariff plan, it starts from 50,000 euros.
Withdrawals can be made through various payment systems, including credit cards (VISA, Mastercard), electronic systems (Qiwi, Skrill, Webmoney, Neteller), and cryptocurrency (Bitcoin).
Reviews of Westmarket Limited
Westmarket Limited recently entered the Russian market, and there are few reviews about it so far. They are mostly positive, although some shortcomings are mentioned, such as slow support, long verification process, and lack of document translation.
Conclusions on Westmarket Limited
Westmarket Limited, a British company, has just begun its operations in the Russian market and has not yet obtained a license from the Central Bank. Despite this, many users see potential in it and are willing to cooperate on a trusting basis. The company offers interesting conditions and client-oriented policies. Apart from the lack of a license, mentioned drawbacks are highlighted, but the decision is up to you.
