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Score

1.42 /10
Danger

WaysTrade

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://waystrade.com/

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Score

Regulatory Index0.00

Business Index6.32

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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WaysTrade · Company summary
WaysTradeReview Summary
Founded2021-01-31
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex/Commodities/Futures/Cryptocurrency/Metals/Stocks
Demo Account/
LeverageUp to 1:400
SpreadFrom 0.3 pip
Trading PlatformWaystrader(PC)
Min Deposit$100
Customer SupportPhone number: +357 95902295
Email: support@waystrade.com
Telegram/Facebook/YouTube/Instagram/Twitter/WhatsApp

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.

WaysTrade Information

Pros and Cons

Pros Cons
Leverage up to 1:400Unregulated
Various tradable instrumentsMT4/MT5 unavailable
Spread as low as 0.3 pipNo 24/7 customer support
Inaccessible official website
Demo account unavailable

Is WaysTrade Legit?

WaysTrade is not regulated, making it less safe than regulated brokers.

Is WaysTrade Legit?
Is WaysTrade Legit?

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❌
What Can I Trade on WaysTrade?

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 Copy
Initial Deposit100$1000$3000$500$
Spread From1 pip0.8 pip0.3 pip(Floating)1 pip(Floating)
Maximum Leverage1:4001:2001:2001:400
Order Volume0.01-500 lots0.01-500 lots0.01-500 lots0.01-500 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 PlatformSupported Available Devices
Waystrader✔PC
Trading Platform

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.

Deposit and Withdrawal

User Reviews

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Comments

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跳跳妈咪
more than one year
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!!!
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!!!
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2022-12-13 16:44
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FX1118713455
more than one year
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.
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.
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2022-12-09 14:56
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