CGSE — Hong Kong
WB
Licence
WB Review — Overview
Regulation
Offshore regulated
Licence
CGSE
Licence status
Active
Platforms
MT4
Min. deposit
$1
Instruments
Metals
Typical spread
From 20
Operating
Est. 2022
Website
Unknown
WB is a forex & CFD broker based in Australia, established in 2022. On Trust Broker Hub it holds a Trust Score of 3.7 out of 10, which we rate as Poor — above the industry average of 3.3/10. High-risk profile — proceed only with caution and small amounts.
WB's licence comes from an offshore jurisdiction (CGSE). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
WB provides access to Metals. Published conditions include a minimum deposit of $1. No complaints are currently on record. Overall, WB carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?Trust Score history
WB currently scores 3.7/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CGSE licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Metals |
| Minimum deposit | $1 |
| Maximum leverage | Not disclosed |
| Typical spread | From 20 |
| Platforms | MT4 |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on WB
Our analysis · editorial
3.7/10
High-risk profile
WB is regulated in an offshore jurisdiction (CGSE), which offers lighter oversight than tier-1 regimes. Based in Australia, it has been operating for about 4 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 3.7/10 — a high-risk profile.
Strengths
- No complaints on record with us
- Supports MT4 trading
- Accessible minimum deposit ($1)
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
WB — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag WB here if that changes.
Full specifications
Regulated region
Australia
Operating period
2-5 years
Instruments
Metals
Year founded
2022
Frequently asked
Is WB a safe broker?
WB scores 3.7 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the WB trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from WB?
WB publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.