Why did we choose WM Markets as our forex broker?
Every forex broker should be judged by the six criteria below; the broker we work with is no exception. Here is each criterion and how WM Markets answers it.
Transparent verification
The verification steps and documents are stated clearly in the client portal. Enter your details exactly as they appear on your real documents; that alone keeps your account safe in later reviews.
Platform and execution
Accounts run on MetaTrader 4 and 5 and the minimum trade size is 0.01 lot. Judge execution quality around news releases and on the symbols you actually trade.
Orderly deposits and withdrawals
Deposits and withdrawals are made in USDT and IRR through the methods listed in the portal. Withdrawal is the real test of any broker, and our team’s withdrawals have gone through without issue.
Persian support
Most real problems arise not in trading but in verification, deposits and withdrawals. Signing up through this site activates dedicated Persian support, a personal account manager and priority follow-up on your requests.
Licence and contracting entity
Your contracting entity is WM Markets Ltd, supervised by MISA. This is an offshore licence; the difference from tier-one regulators is explained further down.
Cost and execution quality
The Prime and Zero accounts have different cost structures (see the accounts table below). Both come with negative balance protection, so your loss can never exceed your account balance.
Checklist for choosing a reputable forex broker
Measure any other broker you review against this same table.
| Criterion | What to check | WM Markets |
|---|---|---|
| Verification | Clarity of documents and steps | Stated in the client portal |
| Deposits and withdrawals | Methods and a trial withdrawal time | USDT and IRR, via the methods listed in the portal |
| Support | Official channel and response time | Dedicated Persian support and a personal account manager via this site |
| Licence | Name of the contracting entity and regulator | WM Markets Ltd, supervised by MISA |
| Cost | Spread, commission and swap on your symbol | Prime: from 1 pip, no commission; Zero: from 0 pip + $8 per lot |
| Platform | MetaTrader version and tool compatibility | MetaTrader 4 and 5 |
| Balance protection | Negative balance protection | Yes |
Forex broker licences; what does an offshore licence mean?
Tier-one regulators such as the UK’s FCA, Australia’s ASIC and Cyprus’s CySEC have strict rules, and many international brokers operate through entities with offshore licences. An offshore licence does not give the protection of a tier-one regulator; that is why the company’s transparency, the broker’s track record, real trading experience with it and its behaviour on deposits and withdrawals matter more.
We say it plainly: your contracting entity is WM Markets Ltd, licensed by MISA. Our trust in this broker did not come from a licence certificate; it came from trading and withdrawing real capital. Official WM Markets licence page
To verify any forex broker’s licence, find the exact name of the contracting entity in the agreement or the site footer and search for it on the regulator’s official site. Make sure the address of the site you sign up on matches the registered one; many scams imitate the names of well-known brokers.
WM Markets accounts and minimum deposit
WM Markets offers two live accounts: Prime with a $50 minimum deposit and Zero with a $1,000 minimum deposit.
| Feature | Prime | Zero |
|---|---|---|
| Minimum deposit | $50 | $1,000 |
| Spread | from 1 pip | from 0 pip |
| Commission on forex and metals | None | $8 per round-turn lot |
| Islamic (swap-free) account | Yes | No |
| Maximum leverage | 1:2000 | 1:2000 |
| Minimum trade size | 0.01 lot | 0.01 lot |
| Stop-out level | 20% | 20% |
| Negative balance protection | Yes | Yes |
Figures from the official accounts page, checked on 7 October 2026; confirm them in your own portal when opening an account.
Which account suits you?
Prime
For starting out, smaller capital and holding positions for several days, thanks to the swap-free option. Costing is simple because the whole cost sits in the spread.
Zero
For the frequent trader with larger capital; a structure similar to ECN accounts. The raw spread is close to zero and a fixed commission is paid instead; at high volume the total cost is usually lower.
For a precise decision, cost a few of your typical trades (on gold, say) in both accounts: spread, commission and swap together.
Demo account
Before depositing real money, get to know the portal and MetaTrader on a demo account and watch the spread on gold and your preferred pairs at different hours, especially around news releases. Demo is great for practice, but only a live account shows execution and withdrawal quality.
A forex broker with a low minimum deposit; how much should we start with?
The Prime account’s $50 minimum deposit lets you test a full cycle of deposit, trading and withdrawal with a small amount before trusting the broker fully.
Minimum deposit is not the same as adequate trading capital
The minimum deposit is only the condition for opening an account. Adequate capital is set by your trade size, pip value and stop-loss distance. You may fund the account with $50, yet that amount may not be enough to run your method at a reasonable risk.
Our team’s advice: whatever your capital, keep the first deposit small and make a trial withdrawal before moving your main capital. This few-dollar test is the most reliable way to judge any broker; in our experience WM Markets passed it too.
Forex broker signup tutorial; steps and documents
Signing up with WM Markets takes only a few minutes, and the video at the top of this page shows every step:
- Open the portal
Enter through the signup portal button on this page.
- Create the user account
Enter your first and last name exactly as on your ID, with your email and mobile number, and set a password.
- Confirm your email
Open the confirmation email and activate the account. You can set the portal language to Persian.
- Verification
Upload your verification documents in the portal.
- Create the trading account
Once the documents are approved, choose the account type (Prime or Zero) and the leverage.
- Connect to MetaTrader
Get the MetaTrader login details from the portal or by email.
| Document | Example | Note |
|---|---|---|
| Proof of identity | Passport, ID card or driving licence | Colour image, legible, no cropped corners |
| Proof of residence | Utility bill or bank statement | Same address as the profile and from recent months |
Most document rejections have two causes: a name spelled differently on the form and the document, or a low-quality image. In that case, coordinate with the support team before resubmitting.
Deposits and withdrawals at the forex broker WM Markets
Deposits and withdrawals are made in USDT and IRR, and the methods active for your account are listed in the client portal. USDT on the TRC20 network is one of the common, fast methods.
USDT (TRC20) deposits and withdrawals
- Choose the deposit method
In the portal, open the deposit section and choose USDT TRC20.
- Copy the address from the portal
Copy the wallet address only from your own portal.
- Send on TRC20
From your wallet or exchange, send USDT on exactly the same TRC20 network.
- Account credited
After network confirmation and registration in the portal, your balance is credited.
The sending and receiving networks must match. USDT sent on the wrong network is usually unrecoverable.
Withdrawal is the same path in reverse: enter your wallet address in the portal’s withdrawal section, and once the request is approved the USDT is sent to that address.
In our team’s experience, withdrawals have reached the wallet in under 24 hours.
IRR deposits; only through the official portal
The IRR method, or any other deposit method, is valid only when it is listed in your official portal. Ask about the exchange rate and fee before paying. Never transfer to the personal account of anyone claiming to represent the broker.
Security notes for deposits and withdrawals
- Before confirming a transfer, compare the first and last characters of the wallet address with the one in the portal.
- Never share your portal password, MetaTrader password or two-factor code with anyone; real support never asks for them.
- Withdraw by the same method you deposited with, so the review goes faster.
- Keep the ID and time of each withdrawal request for follow-up.
MetaTrader 4 and 5, symbols and leverage
WM Markets accounts run on MetaTrader 4 and 5. MetaTrader 5 has more timeframes and higher speed; MetaTrader 4 is still popular for its large library of indicators and expert advisors. Indicators and EAs are not compatible across the two versions, so choose the version your tools were built for.
The symbols we cover most in our lessons are gold (XAUUSD), US indices such as the Dow Jones and Nasdaq, and the major pairs. For each symbol, read the contract size, minimum volume and trading hours from that symbol’s specification in MetaTrader. If you use the Poursamadi money-management tool, calculate volume with this broker’s pip values.
Leverage up to 1:2000 only raises the ceiling on the volume you can open; real risk is set by position size and stop-loss distance. Higher leverage is not an advantage in itself. Limit the risk of each trade to 1–2% of your capital.
A forex broker with Persian support; why does this criterion matter?
Many traders look only at spread and leverage when choosing a forex broker. But most real problems arise in verification, deposits and withdrawals, exactly where you need support.
Good support has three traits: answers outside working hours and on holidays, access by chat or ticket inside the portal, and follow-up until the problem is fully resolved. Before signing up with any forex broker, ask a simple question and judge the response time and quality.
From our experience: the dedicated Persian support team for Poursamadi students has meant that, in many cases, problems were followed up and resolved faster, especially at the verification stage. For example, when a document was rejected over image quality or a mismatch with the form, the dedicated team explained the exact reason and followed the case through to final identity approval.
Common mistakes when choosing a forex broker
A large share of traders’ losses happens not in the trade itself but in choosing the broker:
- Choosing for the bonus: a bonus almost always comes with withdrawal conditions and is not a selection criterion.
- Signing up with false details: an account opened with incorrect information can be blocked at any time.
- Trusting promises of guaranteed profit: no reputable broker promises a fixed monthly return; “account management with guaranteed profit” is a sign of fraud.
- Depositing to a personal account: only the methods listed in the broker’s official portal are valid.
- Depositing a large amount first: move your main capital only after one full, successful deposit and withdrawal cycle.
- Giving your MetaTrader password to others: real support never asks for your password.
Frequently asked questions
Which forex broker is reputable?
A reputable broker has a transparent contracting entity, an orderly withdrawal record, clear costs and responsive support. The broker the Poursamadi trading team trades on with real capital is WM Markets.
What makes a broker reputable?
Transparency about the contracting entity and regulator, clear verification, deposit and withdrawal methods listed in the portal, responsive support and an orderly withdrawal record. For a practical test, run one small deposit and withdrawal cycle.
What is different about signing up through this site?
Your costs do not change at all. In return, dedicated Persian support, a Persian-speaking personal account manager and priority follow-up on deposits and withdrawals are attached to your account; benefits Eng. Poursamadi arranged personally for his audience.
What is the minimum deposit at WM Markets?
The Prime account from $50 and the Zero account from $1,000. We suggest starting small and making a trial withdrawal before depositing your main capital.
Which deposit methods are available?
Deposits are possible in USDT and IRR, and the methods active for your account are listed in the client portal. USDT on the TRC20 network is one of the common methods; the sending network must match the one chosen in the portal.
How long does withdrawing profit from a forex broker take?
It depends on the withdrawal method, completed verification and the review time of the request. A USDT transfer on the network is usually fast; the main time is the broker’s review. In our team’s experience, withdrawals have completed in under 24 hours.
Can an offshore licence be trusted?
An offshore licence offers less protection than tier-one regulators. Trust in such a broker should rest on the transparency of the contracting entity and the broker’s orderly behaviour on withdrawals, not merely on the licence.
Is a demo account enough to judge a broker?
No. A demo is useful for learning the platform, but only a live account shows execution and withdrawal quality. Start with a small amount.
Summary; how to choose a reputable forex broker
When choosing a forex broker, advertising, bonuses and even the type of licence are not the final criteria. What makes a broker credible is the transparency of the contracting entity, the stability of its services and an orderly record of paying withdrawals.
We have tested these criteria with our own capital, and the broker we work with is WM Markets. If you take the same path, start with a small account and make a trial withdrawal before depositing your main capital.