The Wastrad Broker Is Here!

OFFICAL WEBSITE: WASTRAD.COM

If you have been unhappy with the current selection of brokers for day trading, you may be pleasantly surprised by the release of the new Wastrad broker. This is a very versatile broker with tons of features, many account types, lots of services offered, and more. Right now, we want to do a review on this Wastrad broker to let you know what it’s all about.

Services Offered By The Wastrad Broker

The first thing which we want to talk about when it comes to this new Wastrad broker is what kind of services they offer. Now, before we get into listing off the exact services offered here, it is important to note that we think that this is a broker for everybody. It’s not one those online brokers that focuses specifically on one type of asset or a single trading. It’s a really versatile and fuss free kind of broker that everybody can use with ease. There are actually quite a few different services offered here, so let’s talk about each of them right now.

CFD

The first day trading service offered by the Wastrad broker is CFD trading. Covering trades is easy as you can trade both long and short term here. There are only very low commissions involved here, and the only other costs associated with this are the bid/ask spread. There is no stamp duty, there are no exchange fees, and also no hidden fees.

Forex

Another service offered by Wastrad is Forex trading, and here you actually get direct access to interbank liquidity providers. Here you get high liquidity, very fast execution, spreads starting from zero pips, and absolutely no hidden charges or fees, with a market leader and zero dealer intervention.

Crypto

It’s really more of the same here, because with Wastrad crypto trading, the fees are almost non-existent and you get access to virtually every cryptocurrency out there.

Social Trading

One of the coolest features of the Wastrad broker is social trading. Here you can connect with traders from around the world to see what they are doing, so you can follow their trades and strategies. It’s something that is great for beginner traders who don’t really know what they are doing.

PAMM/MAM

Wastrad also offers both PAMM and MAM services for large account managers.

 

 

Where Can The Wastrad Broker Be Used?

Keep in mind that the Wastrad broker is specifically designed for Meta Trader 4, otherwise known as the MT4 trading platform. The Wastrad MT4 platform comes a whole lot of awesome features such as real time charts, a variety of management tools, expert advisors, live quotes, and whole lot of indicators too. It is available on Android, iPhone, iPad, Mac, Windows, and web based too, plus the whole thing is also highly customizable.

 

Wastrad Account Types

Just like with many other brokers out there, this one, Wastrad, does offer different account types. There are lower and higher tiers of accounts available here, which makes this broker quite a versatile one, because really anybody can use it. It really does not matter how much you want to trade or if you are newbie or pro trader. Here, with Wastrad, there does seem to be an account to suit more or less everybody’s needs.

 

Standard Account

• 50 USD/EUR minimum deposit, or 0.005 BTC, with unlimited maximum deposit
• 1:200 maximum leverage
• All instruments
• 01 minimum order volume, with 100 maximum order volume
• STP Market Execution
• 50 ms average ping
• Floating spread from 1.3
• 0 commission
• 200% margin call
• 100% stop out
• No Requotes
• All EAs accepted

Elite Account

• 50 USD/EUR minimum deposit, or 0.005 BTC, with unlimited maximum deposit
• 1:200 maximum leverage
• All instruments
• 01 minimum order volume, with 50 maximum order volume
• STP Market Execution
• 50 ms average ping
• Floating Spread from 0
• 5% commission per lote
• 200% margin call
• 100% stop out
• No Requotes
• All EAs accepted

Prime Account

• 50 USD/EUR minimum deposit, or 0.005 BTC, with unlimited maximum deposit
• 1:200 maximum leverage
• All instruments
• 01 minimum order volume, with 100 maximum order volume
• STP Market Execution
• 50 ms average ping
• Floating Spread from 0.2
• 4% commission per lote
• 200% margin call
• 100% stop out
• No Requotes
• All EAs accepted

 

 

The Wastrad Demo Account

Something that does need mentioning, is that besides the 3 main account types, Wastrad does offer a demo account. We do think that this is very convenient for anybody who wants to check this online trading brokerage out, or for anybody who has never even used a broker before.

Simply put, with the Wastrad demo account, you can check this broker out for free. You don’t have to trade with real money or deposit any cash at all. Simply sign up for a demo account to check out the system, see how it works, see how functional it is, and all of that other fun stuff too. This is definitely something that we appreciate and an awesome way for everybody to familiarize themselves with this new brokerage.

 

Wastrad Payment Processors & Accepted Currencies

Yet another thing that is quite important to note about the Wastrad broker is what kind of payment processors it accepts, as well as what kinds of currencies you can work with when using this service. We do want to say that in terms of both accepted currencies and payment processors, this does seem to be one of the more versatile brokers out there.

Base Currencies Accepted For Withdrawals & Deposits

• USD
• EUR
• Bitcoin

Payment Processors Available

• Neteller
• Skrill
• Visa
• Mastercard
• Wire Transfer

 

Wastrad Broker Review – Conclusion

The bottom line is that if you are a day trader, we would recommend giving this Wastrad broker a shot. Yes, it is relatively new and untested, but then again, it does seem to be the real deal. From what we have gathered so far, Wastrad is a broker for everybody. It offers many different trading services, accepts various payment methods, and has a good selection of account types too. All in all, we would say that it is definitely worth checking out.