Western Fidelity Trade-Overview of Minimum Deposit, Leverage, Spreads

General Information

Western Fidelity Trade is allegedly a broker based in the USA that provides its clients with WebTrader and MT4 trading platforms, leverage up to 100:1, tight spreads over various tradable assets, as well as a choice of seven different account types and a user-friendly profit calculator.

Market Instruments

Western Fidelity Trade advertises that it offers a wide range of trading instruments in financial markets, including stocks, forex, cryptocurrencies, indices, commodities, cryptocurrencies of Bitcoin, Ethereum, Litecoin and Ripple as well.

Account Types

There are seven live trading accounts offered by Western Fidelity Trade, namely Basic, Standard, Silver, Premium, Ultimate, Admin and Advanced. Opening a Basic account requires the minimum initial deposit amount of $500, while the other six account types with the much higher minimum initial capital requirements of $1,000, $2,000, $5,000, $20,000, $40,000 and $50,000 respectively.

Leverage

The maximum leverage ratio provided by Western Fidelity Trade is up to 100:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available,Western Fidelity Trade gives traders two choices: WebTrader and Metatrader4. MT4 is known as one of the most successful, efficient, and competent forex trading software. While WebTrader allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limits and stop loss, and charting.

Tools

Also, Western Fidelity Trade provides its clients with a profit calculator as a trading tool. The interface of this calculator looks clear and user-friendly, just as the following screenshot shows.

Deposit & Withdrawal

Western Fidelity Trade accepts deposits and withdrawals via Perfect Money, Payeer, Western Union, Money Gram, credit cards (Visa and MasterCard), as well as a wide selection of cryptocurrencies. The minimum deposit requirement is said to be $500.

Customer Support

Western Fidelity Trades customer support can be reached through telephone: +14252423644, email: support@westernfidelitytrade.com, live chat or send messages online to get in touch. Company address: 1533 LESTER MORTON CT, BALTIMORE MD 21205 UNITED STATE.