Western Capital Trading has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 813 5403 6387, fax 813 4496 4168
Addresses: Level 21 105-0022 Shiodome Shibarikyu Building 1-2-3 Kaigan Shiodome Minato-Ku Tokyo Japan This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.westerncapitaltrading.com.
I closed a profitable position at Western Capital Trading and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Market news feed|Regular platform improvements
Cons: Desktop app not available on Linux|No crypto staking
The mobile app from Western Capital Trading is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Multiple order types|Dividend tracking|Excellent charting|Professional team
Cons: No integrated tax optimization
The so-called education at Western Capital Trading is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Economic calendar|Portfolio tracking tools|Two-factor authentication|Smooth onboarding
Cons: Would like more payment methods
Western Capital Trading offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Quick verification|Good analytical tools|Multi-currency support|Easy to use platform
Cons: Mobile app could be improved|No live chat on mobile
Do not believe the bonus offer from Western Capital Trading. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multi-currency support|Responsive team
Cons: Website design could be more modern
I opened an account with Western Capital Trading since last summer ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Fast support response|Market news feed|Automated trading options|Demo account available
Cons: Onboarding videos are outdated
I lost a significant amount because Western Capital Trading did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Instant funding|Easy to use platform|Stable platform
Cons: Onboarding videos are outdated|No integrated tax optimization
I signed up with Western Capital Trading after reading several online reviews and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: High security standards|Reliable uptime
Cons: Limited demo account features|Onboarding videos are outdated