WaysTrade Forex Broker

WaysTradeReview SummaryFounded2021-01-31Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex/Commodities/Futures/Cryptocurrency/Metals/StocksDemo Account/LeverageUp to 1:400SpreadFrom 0.3 pipTrading PlatformWaystrader(PC)Min Deposit$100Customer SupportPhone number: +357 95902295Email: support@waystrade.comTelegram/Facebook/YouTube/Instagram/Twitter/WhatsAppWaysTrade Information WaysTrade is a broker. Trade various instruments include forex, commodities, futures, cryptocurrency, metals, and stocks. The broker also provides four accounts with a maximum leverage of 1:400. The minimum spread is from 0.3 pips and the minimum deposit is $100. WaysTrade is still risky due to its unregulated status.Pros and ConsPros Cons Leverage up to 1:400UnregulatedVarious tradable instrumentsMT4/MT5 unavailableSpread as low as 0.3 pipNo 24/7 customer supportInaccessible official websiteDemo account unavailableIs WaysTrade Legit? WaysTrade is not regulated, making it less safe than regulated brokers.What Can I Trade on WaysTrade? WaysTrade offers a wide range of market instruments, including forex, commodities, futures, cryptocurrency, metals, and stocks.Tradable Instruments Supported Forex✔Commodities✔Futures✔Cryptocurrency✔Metals✔Stocks✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type WaysTrade has four account types: standard, ECN, ECN Pro, and ways copy. Traders who want low spreads can choose an ECN Pro account, while those with a small budget can open a standard account.Account Type StandardECNECN PROWays CopyInitial Deposit100$1000$3000$500$Spread From1 pip0.8 pip0.3 pip(Floating)1 pip(Floating)Maximum Leverage1:4001:2001:2001:400Order Volume0.01-500 lots0.01-500 lots0.01-500 lots0.01-500 lotsWaysTrade Fees The spread is from 0.3 pip. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.Trading Platform WaysTrade provides a proprietytrading platform available on PC for trading, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.Trading PlatformSupported Available Devices Waystrader✔PCDeposit and Withdrawal The minimum deposit is $100. WaysTrade accepts Wire Transfer, Perfect Money, Citibank, Bitcoin, and more for deposit and withdrawal. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.