Company Profile
| 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.
