Wonderinterest Trading Ltd Review – Wonderinterest is a Cyprus investment company supervised and regulated by the Cyprus Securities and Exchange Commission. Cyprus is the most popular jurisdiction for forex brokers due to balanced regulation. Wonderinterest ltd is a company that has been a player in the market since 2016. Thanks to this platform, clients can trade CFDs or Contracts for Difference. Thanks to them, you can speculate on the rise or fall of currency rates, stock market indices, commodities or shares without actually owning the given asset. The broker also offers investments in real shares.
- Basic information about the broker
- Product Offer
- Investment Options
- Demo account
- Trading – deposits and withdrawals
- Trading platform
- Wonderinterest trading accounts
- Wonderinterest website and media
- Advantages and disadvantages
Basic information about the broker
After clicking on the “about us” section, you will learn that the success of the client is a priority for the company and approaches each client individually. The team consists of experts and trained professionals who are happy to help clients navigate the world of investments.
They also point out at the outset that margin trading carries a high degree of risk and is not really suitable for every potential investor. Each client should therefore consider their investment goals, their level of experience and, above all, the degree to which they are willing to risk their finances. It is possible that the client could make a loss, or even lose his entire investment.
|Company Operator||Wonderinterest Trading ltd|
|Company Operator Seat||Cyprus|
|What do they trade with?||CFDs (Stocks, Commodities, Currencies, Indices, ETFs and Physical Shares)|
|Payment Method||bank transfers, payment card|
|Account Currencies||CZK, EUR, USD, HUF|
|Trading Platform||MetaTrader 5|
|Minimum Deposit||250 USD|
Wonderinterest Trading Ltd provides the following services to its clients:
- Moving spreads (market conditions can cause spreads to widen or narrow beyond a typical range)
- Wide range of instruments (forex, precious metals and CFDs)
- Trading with standard items
- Minimum initial deposit $250 via bank transfer
- Leverage up to 1:30
- Investment options
Like any other broker, Wonderinterest offers a wide range of options where to invest. Specifically, it offers 2 types of trading instruments: CFD contracts and real shares.
If we were to talk about real shares, we are talking about an instrument that is especially suitable for long-term investing. So it is good if the client is convinced that he will not need the funds he intends to invest in the purchase of shares in the near future. The moment you buy real shares, you become a real shareholder of the company that issued the share. This entitles you to so-called dividends.
Wonderinterest offers a really large number of these shares. We are even talking about hundreds. You can choose from U.S. and European exchanges. Shares of technology mega companies such as Amazon, Apple, Microsoft, Facebook or Google are of interest to clients.
If we were to start talking about CFD trading, the situation is different here. It is necessary to realize that the broker does not sell you real shares or commodities. There are not even trades going on or real exchanges. It is therefore necessary to warn clients that such transactions are high-risk. The broker fulfills this. The Wonderinterest website is full of information about the riskiness of trading CFD contracts. This seems like fair dealing from the broker and I definitely give it a thumbs up.
What is a CFD?
We have already mentioned how risky CFDs are. But what exactly is it? Thanks to these contracts, the client can speculate on the rise and fall without actually buying the given contract. Compared to real shares, CFDs are convenient 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 inappropriate for uninformed investors and long-term investments!
Wondeinterest can trade many different instruments using CFDs. Here just in brief:
- Stocks (hundreds of types – European, American, but also 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 more)
What is financial leverage?
If we as clients decide to trade with CFDs, it is necessary to use the so-called financial leverage. This multiplies the profits, but it can also multiply the losses of our stores. Here, even a small movement in the market is enough and it can bring us significant profits, but it can also cause us to lose our investments very significantly.
The broker cannot choose himself how many times the leverage he trades. This is based on the regulation of the European authority ESMA. And, of course, Wonderinterest also adheres to this to the letter. See the following information on how individual trades are regulated.
- 5x leverage (stock)
- 10x leverage (minor indices and all commodities except gold)
- 20x leverage (minor currency pairs, major indices and gold)
- 30x leverage (main currency pairs)
As written on their website: “Wonderinterest Trading Ltd is a Cyprus Investment Company (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CYSEC)”. Also: “Wonderinterest Trading Ltd provides the following investment services relating to the financial instruments listed below in the EU Member States.” Cyprus is probably the most popular jurisdiction for forex brokers due to balanced regulation and favorable business environment. CySEC-licensed brokers must meet certain requirements, such as having at least €730,000, regularly reporting their trades and keeping their clients’ money in segregated accounts.
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.
In short, it could probably be said that the fees at Wonderinterest seem to be higher than some other brokers. However, it is necessary to realize that this company makes really big and risky deals that can earn their clients really interesting money. And you need to pay for such a deal.
The trade brokerage commission, inactivity fee and also swap fees seem to be high.
Unfortunately, I couldn’t find the fee schedule directly, but everything can be found in the “trading conditions” section.
Fees for trading physical shares
Trade brokerage fee (commission) – The broker charges a commission fee for the purchase or sale of physical shares. This tends to be very common. The size of the fee is 0.75 % of the order, but at least 500 crowns for each transaction.
So we are back to what I already mentioned once. 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, when buying shares for 10,000 crowns, you lose 5 %).
Management fee – If a trade position is opened after the market closes, the broker may charge a management fee. However, the size of the fee would need to be asked directly from the broker, because I could not find it on the company’s website.
Spread – Spread refers to the difference between the buy and sell price. Spreads for real shares are very low, practically zero in terms of percentages. This is very good news for investors.
CFD trading fees
Trade brokerage fee or commission Fee – A commission fee is essentially a fee for brokering a transaction. Note, however, that the fee is paid at the opening and at the closing of the store. But it is also important to mention that it does not apply to all traded instruments, but specifically to CFD shares. The size of the commission fee is 0.25 % of the trade, but at least 25 USD (500 CZK) per transaction!
Spread – Spread refers to the difference between the buying and selling rates. This figure tells you how favorable or unfavorable the trading rates are, or how much you will lose on a two-way trade (i.e. buying and selling).
Other fees to mention are, for example, swaps. Otherwise, they can also be called the so-called night fee. This fee is paid when holding a CFD position “overnight”. It is paid once a day for each traded CFD position that you leave open after the market you are trading on closes. If the client were to look for the size of these daily swaps, he needs to visit the company’s trading platform and see everything in detail here.
Trading – deposits and withdrawals
The good news for potential clients is that you can start doing business with this company very quickly and without unnecessary delays. All you have to do is enter your name, email, phone number and the company will send you a password to your email address. After this event, it is possible to trade in demo mode.
If you want to continue and start trading in a harsh investment environment, you need to fill out a questionnaire, of course personal and contact information, as well as information about your finances. If this happens, funds need to be put into the platform. You can start trading at this point.
However, we must pay attention to one thing. If we would like to withdraw funds, it is necessary to upload copies of 2 personal documents to the system (platform). This is a perfectly normal procedure. This is imposed on every regulated broker by the European Directive and the Anti-Money Laundering Act.
We will now move on to information regarding deposits and withdrawals with this broker.
At Wonderinterest, we can make deposits and withdrawals not only by bank transfer, but also by payment card. Which I consider a big plus for clients. (fast, online). If we make a deposit by bank transfer, the minimum amount is CZK 20,000. If we deposit funds via a payment card, we can deposit only CZK 2,000.
A fee that needs to be mentioned is the inactivity fee. This is relatively high for this company. So if your account is inactive for 1 month, you will pay the company €89. ATTENTION! This is a monthly fee.
The good news, on the other hand, is that all deposits and withdrawals are free at Wonderinterest.
You can trade with the xStation Mobile app. All you need is your smartphone, and a mobile trading app. You can invest in tech giants like Microsoft, Alibaba, Alphabet or streaming service provider Netflix on your mobile phone.
You can trade on PC if you prefer. WonderInterest Trading Ltd uses the MT5 trading platform preferred by successful traders. MT5 offers intuitive buttons, suitable for both beginners and experienced traders. MT5, the successor to the popular MetraTrader4, includes several innovations that will make trading easier and more enjoyable. You have 6 new types of pending orders, 38 technical indicators, 79 analytical tools for technical analysis and you can also export the data to an Excel file.
Wonderinterest trading accounts
In the review, we already mentioned that the broker does not focus only on small investors but can offer interesting investment options to large investors or companies that have decided to invest a financial amount of up to USD 1,500,000.
If we click on the trading tab, we will immediately find the trading accounts section. Thanks to the clear tabs, the possibilities of trading and what we get with each account from the company Wonderinterest are immediately spread out. I really like the clarity, simplicity and comprehensibility here.
Types of accounts
- COAL (minimum deposit up to $100,000)
- WATER (minimum deposit from USD 100,000)
- SOLAR (minimum deposit up to USD 300,000)
- NUCLEAR (minimum deposit up to $750,000)
- FUSION (minimum deposit from 1,500,000 USD)
It is of course logical that the company offers services according to the amount of the investor’s funds. However, the company will offer us these services for all these accounts.
- Free business account
- No fees for deposits and withdrawals
- Communication with the company in the local language
- Option to choose 3 trading platforms
- 24/5 client support
Of course, there is a “open an account” tab for each of these variants of accounts. Therefore, clients do not have to search for a long time and will immediately use their chosen option. I rate this very positively.
We have already said that the more funds we invest, the more benefits we can take from the company. Specifically, this applies to spreads. For example, in the “SOLAR” variant of the account, the spreads are lower by 45 % compared to the “WATER” variant. In the “NUCLEAR” and “FUSION” variants, there is also an individual approach and even a personal financial manager.
Wonderinterest website and media
The company’s website is designed in black and green. This is quite logical given that the company focuses on sustainable investments. So if we visit www.wonderinterest.com and want to view the entire offer in detail, we can do so using the menu on the right.
The offer is very simple and client-friendly. Maybe I’m missing more information about the company here. I would like to know a lot more about someone who will be investing my funds.
I also miss a classic tariff, or a better summary of fees.
Otherwise, the web is clear and simple. I especially appreciate the fact that they are not “too much” and thus do not distract clients from what is really important in the world of finance.
In this case, it is Mrs. Olívia Lacenová. The subject of her interest is mainly fundamental analysis with a focus on green investments. He also has extensive experience in the field of commodities and precious metals. This lady is also dedicated to writing her own blogs, where she explains to clients what they may encounter in the field of investing and how to react to it. At the company’s website, thanks to Olívia, you will learn a lot of current information on topics related to green investments every week. However, that is not all. Olívia also organizes lectures for young people and collaborates on webinars from the world of investment topics. If I had to rate this, I definitely give it a thumbs up. First of all, I really like that this is a specific person. Clients can respond very positively to this. And further – education in the field of investing is the basis these days. Young people who are not very educated in the field of financial services and products may have a worse possibility of orientation in the future. There is definitely a need to do any education that will help young people interested in the world of finance, or even investments.
Advantages and disadvantages
If we were to talk about whether the company is suitable or not for trading with your finances, you need to realize that this company does its “business” a little differently. Now let’s look at the advantages and disadvantages that I see in the possibility of trading with Wonderinterest.
- CySEC license
- Support for the Czech language and payments in Czech crowns
- Real shares and CFD contracts in one place
- Free deposits and withdrawals
- Clear and client-friendly company website
- Deposits and withdrawals can be made both by bank transfer and payment card
- Media – mention of the chief analyst on the company’s website
- High fees
- Minimum fee of 500 CZK for share trading
- Terms and conditions are in English only
- A specific tariff or list of fees is missing
- Targeting more at large investors
- The missing part of education
- Inadequate company introduction
A client who decides to do business with this company will certainly find his own positives. We’re keeping our fingers crossed that investments grow.
Read about other brokers and how we rate them here.