Wikilix
Contract reading

What WB legally published, but does not want you to read

Every clause below is published by WB itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: WB Corporation Ltd

country restrictionno client agreementdeemed acceptanceunilateral amendmentapp permissionscommission free claimcompensation schemedata collectiondata sharingforced liquidation

WB Corporation Ltd publishes two legal documents: a website disclaimer and a privacy policy. Neither governs your trading account. There is no client agreement, no withdrawal terms, no governing law and no complaints route to read. The homepage promises zero fees, zero slippage and withdrawals in two hours, while the disclaimer accepts no responsibility for anything the site says.

Back to WB

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
11
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
6
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 11 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical4
Warning6
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical2Time to complain. Jump to the clause this comes from.Only two legal documents, and neither is a contractCritical0Withdrawal limit. Jump to the clause this comes from.Withdrawals stopped while deposits kept runningCritical200%Account limit. Jump to the clause this comes from.Weekend margin threshold is ten times the weekday one1.25%Fee you were not shown. Jump to the clause this comes from.Zero fees advertised, interest charged in both directions

What the documents say

11 clauses worth knowing about, worst first, each quoted from WB's own files

01

WB Corporation Ltd publishes two legal documents in total: a website disclaimer and a privacy policy. There is no client agreement. Clause 1 of the disclaimer says WB carries no obligation, responsibility or legal liability for any loss you suffer by relying on what the site tells you.

Why this matters

You deposit money against nothing in writing. No published document says what WB owes you, when it must pay you, or what you can do if it does not.

Exhibit 1CriticalRarely seen2

对该等数据，本公司不会就任何错误、遗漏、或错误陈述或失实陈述（不论明示或默示的）承担任何责任。
Clause 1 in 免责声明
Read from the broker's site on Open the reference
Our own capture of hkwb100.com, taken on Sep 6, 2026What the contract says, clause 1Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client a written agreement setting out the service, the costs and the complaints route before they trade. WB publishes a website disclaimer and a privacy policy, and nothing else.

WB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA liability exclusion on a website notice is ordinary boilerplate. What is unusual is that it is the only contract term WB publishes, so a notice written to cover a web page does the work of a client agreement over a margined trading account.

02

A notice published in July suspended WB's withdrawal service during a typhoon signal and deferred every pending request. The same notice says online deposits and customer service carried on as normal. Zero published documents say when WB may do this, or for how long.

Why this matters

Your money can be held by a note on a bulletin board with no deadline attached to it. You could still pay money in the whole time it was happening.

Exhibit 2CriticalRarely seen0

我司取款服务将会暫停，取款申请将順延至風球取消後处理。
Quoted in 关于台风袭港暂停取款的通知
Read from the broker's site on Open the reference
Our own capture of hkwb100.com, taken on Sep 6, 2026Withdrawals stopped while deposits kept runningVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA or ASIC must set out withdrawal handling and timescales in the client agreement and must act on client money requests promptly. WB publishes no withdrawal terms at all.

WB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingPausing payouts during a banking outage is ordinary. Doing it with no published withdrawal terms of any kind is not, because there is no stated maximum period, no fallback method and no right to be told when your request will be processed.

  • Worse together with Exhibit 1There is no withdrawal term to enforce and no liability accepted for what the site promised about withdrawals.
03

WB closes your gold or silver position over a weekend or a long holiday unless your equity is at least 200% of the required margin. During the trading week the same position is only closed once equity falls under 20%.

Why this matters

A position that is comfortably funded on Friday morning can be shut at a loss you did not choose, purely because the weekend arrived. The required margin doubles going into that same weekend.

Exhibit 3CriticalRarely seen200%

淨值/所需保證金 < 200%(周末及長假)
Clause 强制平仓 in 富格林有限公司交易细则
Read from the broker's site on Open the reference

What it costsOne gold lot needs $3,000 margin intraday and is only force closed once equity falls under $600. Held over a weekend it needs $6,000 margin and $12,000 of equity to survive.

Our readingA stop out normally sits below the required margin, so a position is closed only once it is no longer fully covered. A 200% trigger closes a position that is still funded at twice the margin the contract needs.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Trading sessionWB force closes the position once equity falls under 20% of the required margin.强制平仓
Held past the closeRequired margin on one gold lot doubles from $3,000 to $6,000.保证金
Weekend or long holidayWB force closes the position unless equity is at least 200% of the required margin.强制平仓
  • Worse together with Exhibit 5Holding past the close costs interest, doubles the margin and raises the closing trigger tenfold, all at the same moment.
04

WB advertises rates that track the market RMB exchange rate as a reason for you to open an account, on both its Simplified Chinese and its English homepage. The footer under those same words says WB does not serve residents or citizens of Mainland China, where that currency is used.

Why this matters

If you fund from Mainland China you are the customer this pitch is written for and the person the footer shuts out. WB can point at that footer later, and you accepted it by using the site.

Exhibit 4CriticalHarder than usualNew

WB Corporation Ltd 富格林有限公司不向以下司法管辖区（包括美国、加拿大、中国大陆
Quoted in 私隐条款
Read from the broker's site on Archived copyOpen the reference
Our own capture of hkwb100.com, taken on Sep 6, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 11The exclusion that now catches Mainland China was added this year, after the site was already selling RMB convenience.

Zero commission is the headline, interest is the actual cost

WB Corporation Ltd leads with 0 commission and 0 handling fees. Its trading rules charge 1.25% a year on a buy position and 0.75% on a sell, and say interest is payable both ways. The gold spread is 33 to 40 cents an ounce, which is $33 to $40 on the stated 100 ounce lot.

Cost disclosure1 clause flagged

WB leads with 0 commission and 0 handling fees. Its trading rules charge 1.25% a year on a buy position and 0.75% on a sell, and state that interest is payable on both. The charge applies to every night a position stays open.

Why this matters

Selling short does not spare you the charge here, which it does at many brokers. The cost sits on a separate page from the headline that told you there were no fees.

Exhibit 5WarningHarder than usual1.25%

买入1.25% & 卖出0.75% (年利率) ，买卖均须支付利息
Clause 当日利率 in 富格林有限公司交易细则
Read from the broker's site on Open the reference

What it costsThe trading rules put the gold spread at 33 to 40 cents an ounce. On the stated 100 ounce lot that is $33 to $40 a lot, before any rebate.

The weekend closes positions the trading week would leave open

WB Corporation Ltd force closes a gold or silver position over a weekend unless your equity is at least 200% of the required margin, against 20% during the week. The required margin doubles at the same moment. WB also treats use of its website as unconditional acceptance of terms it can change without notice.

Position control2 clauses flagged

Opening the site counts as your unconditional acceptance of WB's terms and of any change WB makes to them later without notifying you first. Clause 7 then tells you to check the page yourself for revisions.

Why this matters

You are held to wording you have never seen. The job of noticing a change is handed to you, and no version label or date on the page helps you spot one.

Exhibit 6WarningHarder than usual

当阁下一旦使用本网站，即表示阁下无条件接受上述所载的免责条款以及任何本公司不时在无须预先通知阁下的情况下而对上述条款所作出的修改及/或修订。请定期浏览此网页查阅任何修改及/或修订。
Clause 7 in 免责声明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client advance notice of a change to the terms, with time to object or leave. WB's clause makes a change effective on publication and asks you to look for it.

WB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 1The document you unconditionally accept by arriving is also the only document setting any terms at all.

In January the footer said WB does not serve residents of the United States, Canada and Hong Kong. It now names 30 entries, adds Mainland China, and drops Hong Kong. The list repeats Eritrea and includes Southern Rhodesia and the former Yugoslavia, neither of which exists.

Why this matters

Who is allowed to hold an account changed with no notice and no version date. If you opened from Mainland China before this year, the current footer says WB does not serve you.

Exhibit 11WarningHarder than usual30New

WB Corporation Ltd 不向美国、加拿大、香港地区居民提供服务
Quoted in 私隐条款
Read from the broker's site on Open the reference

No court, no governing law, and the legality question is yours

No published WB Corporation Ltd document names a governing law or a court. Clause 4 of the disclaimer instead makes your continued use of the site a warranty that your own country permits it. The company states only that it is registered in Hong Kong, number 66627533.

Forum and law1 clause flagged

Reading on is treated as your promise that your own country's laws let you be there. Clause 4 turns continued use of the site into that representation and warranty. No published WB document names a governing law or a court.

Why this matters

If your country does not permit this trading, WB has put that on you rather than on itself. If you ever needed to sue, nothing published tells you which law applies or where you would have to go.

Exhibit 7WarningHarder than usual

阁下继续使用本网站，即代表阁下陈述及保证阁下的司法管辖区的适用法例及规例容许阁下浏览有关资料。
Clause 4 in 免责声明
Read from the broker's site on Open the reference

The app asks for far more than the privacy policy describes

WB Corporation Ltd's app can use the camera at any time without your confirmation, reach background location, and read the device ID and the numbers dialled. The privacy policy, the only document covering your data, names none of them and sets no retention period. It says the data is used for business operations and other related activities.

Data collection2 clauses flagged

WB's app page says the app can use the camera to take photos and video at any time without your confirmation, reach your location in the background, and read your device ID and the numbers you dial. The privacy policy mentions none of it.

Why this matters

The one document governing your data says it is used for business operations and other related activities. That phrase does not tell you what happens to a photograph, a location or your call history.

Exhibit 8WarningHarder than usual

允许该应用使用相机拍摄照片和视频。此权限可让该应用随时使用相机，而无需您确认。
Clause 应用权限 3 in APP相关 应用权限及隐私政策
Read from the broker's site on Open the reference

Our readingThe permission wording is the standard Android description text, not WB's drafting. The gap is what is unusual: the permissions sit on a marketing page while the only document governing personal data names none of them and sets no retention period.

You agree in advance that WB will disclose all your data, and other data, to regulators and government bodies. Clause 5 of the privacy policy attaches that to the requirement of any law or any regulatory body, without naming one.

Why this matters

The consent is given once, when you sign up, and covers every authority in every country. Nothing in the policy says you will be told when a disclosure happens.

Exhibit 9NoticeStandard wording

客户同意富格林有限公司会根据任何法例或监管机构之规定，向监管当局及其他政府机构披露客户所有数据（及其他数据）
Clause 5 in 私隐条款
Read from the broker's site on Archived copyOpen the reference

Supervision is claimed but no supervisor is ever named

WB Corporation Ltd says it operates under strict supervision as member number 100 of the Hong Kong Gold Exchange. No published document names a financial regulator, a licence, segregated client accounts or a compensation scheme. The page describing client fund safety was linked in January and is gone from the site index now.

Supervision1 clause flagged

WB says it operates under strict supervision as member number 100 of the Hong Kong Gold Exchange. No published document names a financial regulator, a licence, segregated client accounts or a compensation scheme. The page describing client fund safety was on the site in January and is gone now.

Why this matters

Nothing you can read tells you who supervises your money, whether it is held apart from the company's own, or what you would recover if WB failed.

Exhibit 10WarningHarder than usual

客户资金安全
Quoted in 私隐条款
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA or ASIC must hold retail client money in segregated accounts and say so, and must name the compensation scheme covering a client. WB's published documents give a company registration number and nothing further about where your money sits.

WB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

WB sells RMB exchange convenience to the reader while its footer excludes residents of the country that uses that currency.

Said in public, in Chinese

最低开户只需1000美元，投资成本仅占万分之二, 贴近市场人民币汇率，降低汇率损失与兑换风险

Word for word in English: Opening an account needs only US$1,000, investment cost is only 0.02%, close to the market RMB exchange rate, reducing exchange rate loss and conversion risk

Simplified Chinese homepage, under 成本优势 (Cost advantage)

In the contract

WB Corporation Ltd 富格林有限公司不向以下司法管辖区（包括美国、加拿大、中国大陆

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hkwb100.com

02

The English homepage makes the same RMB pitch, so the claim is not an artefact of the Chinese wording.

Said in public, in English

Open an account with as little as $1,000 USD; investment costs are just 0.02%; rates closely track the market RMB exchange rate, minimizing exchange losses and currency conversion risks.

English homepage, under Cost advantage

In the contract

WB Corporation Ltd 富格林有限公司不向以下司法管辖区（包括美国、加拿大、中国大陆

03

WB guarantees zero slippage on a website whose disclaimer accepts no responsibility for any statement made on it.

Said in public, in English

We utilize the internationally renowned MT4 trading platform and are backed by a robust technical support team, guaranteeing zero slippage—making us the smart choice for your trading needs.

English homepage, platform section

In the contract · clause 1

对该等数据，本公司不会就任何错误、遗漏、或错误陈述或失实陈述（不论明示或默示的）承担任何责任。

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hkwb100.com

04

The two hour promise sits on the homepage while WB's own notice defers withdrawals with no end date.

Said in public, in Chinese

取款最快2小时到账

Word for word in English: Withdrawals credited in as little as 2 hours

Simplified Chinese homepage, under 服务优势 (Service advantage)

In the contract

我司取款服务将会暫停，取款申请将順延至風球取消後处理。

05

Zero fees is the headline, while every overnight position is charged interest in both directions.

Said in public, in Chinese

0佣金0手续费 让您获取更多利润

Word for word in English: 0 commission, 0 handling fees, letting you obtain more profit

Simplified Chinese homepage, spread and cost banner

In the contract · clause 当日利率

买入1.25% & 卖出0.75% (年利率) ，买卖均须支付利息

What changed quietly

First reading of WB Corporation Ltd, so there is nothing to compare it against yet.

  • REWRITTENClause

    Hong Kong residents were excluded in January and are not now, while Mainland China and a long sanctions style list were added.

    WB Corporation Ltd 富格林有限公司不向以下司法管辖区（包括美国、加拿大、中国大陆

  • REMOVEDClause

    The deposit process, withdrawal process and exchange rate pages were linked in January and are absent from the site index today.

  • REMOVEDClause

    The Hong Kong office address published in January no longer appears in the footer.

The documents this reading is based on

6 files, all published by WB. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording WB publishes.

How this reading was done

Every clause above was read out of a document WB publishes itself

This reading was published on .

Documents
5 of 6downloaded from the broker's site, and 5 read in full
Pages opened
22pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
EN vs ZHthe language it advertises in, against the language it contracts in

Who the contract is with

WB Corporation Ltd

WB Corporation Ltd is a Hong Kong registered company, number 66627533, and its pages also carry the Chinese name 富格林有限公司. The privacy policy is written entirely in the name of 富格林有限公司 and never uses the English name, while the footer now pairs the two. The site describes the company as member number 100 of the Hong Kong Gold Exchange, which its own English page identifies as the restructured Chinese Gold and Silver Exchange Society. No published document names a financial regulator or a licence.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The trading specification is unusually open. One public page lists the contract size, the spread, intraday and overnight margin, both stop out levels, the interest rates for buying and selling, and the trading hours, with no login and no account. Many brokers keep all of that behind a signup. WB also prints its Hong Kong company number on every page, publishes the overnight interest formula with worked examples, and announces holiday and service changes with dates.

WB publishes only two legal documents, so there was no client agreement, no payment terms, no risk disclosure and no complaints procedure to read. The one PDF on the site is an MT4 platform manual, not a contract, and we could not open it. We read the disclaimer, the trading rules, the app disclosure and the withdrawal notice on WB's own pages, and every quotation credited to those comes from there. The site runs in Traditional Chinese, Simplified Chinese and English. We read the Simplified Chinese versions and checked the English homepage, and we did not compare every page across all three. Only the privacy page has an earlier copy, from January, so we could not tell whether the disclaimer or the trading rules changed.

How to check any of this yourself

Every quote above links to the WB file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document WB publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge WB on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 6, 2026.

If you represent WB and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on WB. Whether its licence is real and current is a separate check on the broker profile.

Back to the WB profile