Wonder Wand is a Equip Spell Card.
Spell Cards are usually activated from the hand on your turn unless their type gives another timing window.
On the current TCG and OCG Forbidden & Limited lists tracked here, Wonder Wand is Unlimited.
YGOPRODeck lists Wonder Wand for these formats: Speed Duel, Duel Links, Common Charity, TCG, OCG, Master Duel.
A listed print of Wonder Wand appears in Battle Pack 3: Monster League (BP03-EN173) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Wonder Wand is about $0.16 on Cardmarket (prices change frequently).
