WaysTrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://waystrade.com/Register, about the company's legal and temporary regulatory information, the company's address Suite305, Griffith Corporate Center, Beachmont, Kingstown, St.Vincent and the Grenadines.
WaysTrade Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
WaysTrade 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 $100. WaysTrade is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Unregulated |
| Various tradable instruments | MT4/MT5 unavailable |
| Spread as low as 0.3 pip | No 24/7 customer support |
| Inaccessible official website | |
| Demo account unavailable |
Is WaysTrade Legit?
WaysTrade is not regulated, making it less safe than regulated brokers.
What Can I Trade on WaysTrade?
WaysTrade offers a wide range of market instruments, including forex, commodities, futures, cryptocurrency, metals, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Stocks | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
WaysTrade has four account types: standard, ECN, ECN Pro, and ways copy. Traders who want low spreads can choose an ECN Pro account, while those with a small budget can open a standard account.
| Account Type | Standard | ECN | ECN PRO | Ways Copy |
| Initial Deposit | 100$ | 1000$ | 3000$ | 500$ |
| Spread From | 1 pip | 0.8 pip | 0.3 pip(Floating) | 1 pip(Floating) |
| Maximum Leverage | 1:400 | 1:200 | 1:200 | 1:400 |
| Order Volume | 0.01-500 lots | 0.01-500 lots | 0.01-500 lots | 0.01-500 lots |
WaysTrade 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 Platform | Supported | Available Devices |
| Waystrader | ✔ | PC |
Deposit 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.
Rating Index
WaysTrade Similarly Rated Brokers
Latest Reviews
FX1118713455
India
WaysTrade is an excellent broker, highly recommend! I’ve traded with this broker twice, and they processed my withdrawal quickly each time. Working with this broker is energy-saving and comfortable.
Positive
2022-12-09
跳跳妈咪
Taiwan
I needed to remove my card so immediately contact WaysTrade support wherein almost instantly a person on the other side of the chat helped me and sorted out my concern without any problem. The fastest and most efficient response I’ve received!!!
Positive
2022-12-13