WANJIN

WANJIN is a retail forex and CFD broker based in Hong Kong. According to regulatory records, the company was registered on September 19, 2017. However, the broker's own marketing claims a founding date of 2000, creating a discrepancy that traders should note. The broker operates under the domain wj9999.hk and is regulated by the Hong Kong Gold and Silver Exchange (HKGX), a self-regulatory organization for precious metals.

Given limited independent public information, this profile relies primarily on the broker's self-disclosed data and regulatory filings. Traders are advised to verify details directly with the broker before proceeding.

WANJIN's only listed regulator is the Hong Kong Gold and Silver Exchange (HKGX), under which it holds a Precious Metals Trading (AGN) license. The status of this license is listed as empty in our records, indicating possible inactivity or non-renewal. HKGX is not a top-tier financial regulator like the SFC in Hong Kong, and its oversight is limited primarily to precious metals trading.

This regulatory setup means that WANJIN does not operate under the supervision of a major regulatory body such as the FCA, ASIC, or CySEC. Traders should be aware that this reduces the level of investor protection, such as negative balance protection or compensation schemes, typically offered by regulated brokers.

WANJIN claims to offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are industry-standard platforms known for their advanced charting tools, algorithmic trading capabilities, and user-friendly interfaces. The availability of both platforms suggests compatibility with a wide range of trading styles, from manual to automated.

No additional proprietary platforms or mobile-specific solutions are mentioned by the broker. Traders who rely on web-based platforms or social trading features may find the offering limited to these two classic platforms.

The broker advertises three account types: Standard, ECN, and VIP. Specific features such as minimum deposit, commission structure, and spreads per account type are not detailed in available sources. Standard accounts typically offer fixed or variable spreads with no commission, while ECN accounts often provide raw spreads with a per-trade commission. VIP accounts generally require higher deposits and offer preferential conditions.

Maximum leverage is stated at 1:500, which is high and carries significant risk, particularly for inexperienced traders. Spreads are claimed to start from 0.1 pips, likely applicable to ECN accounts. Without independent verification, these conditions should be approached with caution.

WANJIN offers forex and CFDs on stocks, indices, and commodities. The product range is typical for a retail CFD broker, though it does not include cryptocurrencies or more exotic instruments. The broker's focus on precious metals, in line with its HKGX license, suggests a particular emphasis on gold and silver trading.

The number of available forex pairs or specific stock CFDs is not disclosed. Traders seeking a vast array of instruments may find the offering standard, while those looking for niche products may need to look elsewhere.

WANJIN appears to target retail traders who are comfortable with high leverage and are familiar with the MT4/MT5 ecosystem. The broker's Hong Kong base and regulation under HKGX may appeal to traders in Asia, particularly those interested in precious metals.

However, the absence of a major regulatory license and the discrepancy in its founding date raise questions about the broker's transparency. It is likely best suited for experienced traders who understand the risks of trading with a less-regulated entity and who can verify the broker's claims independently.