WaysTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-18 17:34

Abstract：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.

WaysTradeReview Summary
Founded	2021-01-31
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Commodities/Futures/Cryptocurrency/Metals/Stocks
Demo Account	/
Leverage	Up to 1:400
Spread	From 0.3 pip
Trading Platform	Waystrader(PC)
Min Deposit	$100
Customer Support	Phone 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.

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.