Wall Street Brokers

Wall Street Brokers LLC

Wall Street Brokers - Forex Broker

Broker nameWall Street Brokers
Company nameWall Street Brokers LLC
Online since2008-01-01
Site urlhttp://www.wsbrokers.com
CountryUnited States
Minimum account size10.00
Minimum account size currencyUSD
Minimum position size0.010000
Maximum leverage500
Maximum leverage descriptionup to 1:500
Spread levelhigh
Spread description3 pips on EUR/USD
Is regulatedNO
Regulation descriptionUnregulated
Easy registrationYES
Votes count56
Rating3.40
Email

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Advantages

  • MetaTrader 4 platform.
  • Automated trading with subscription to signals.
  • No swaps.

Disadvantages

  • No swaps.
  • Spreads are relatively high.

Payments

  • Credit card
  • MoneyBookers
  • Wire transfer

Categories

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2 Reviews

  1. Miklos:

    I have been a trader of WSB for a year now. This is an honest broker offering lots of great trading options. They do probably have a bit high spreads but you will have a great customer support. There are different payment options that they accept for depositing, but in order to withdraw your money, you can only use wire transfer. You can also take advantages of their managed account which come with a range of great settings. If you deposit your money with them, they will arrive on your account with them within several hours. As to withdrawal, is does not take much time to be processes as well. I have made two withdraws with them and have not had any problems with both of them. Well, I did but that was not their fault, by mine as I did not give them the correct account number. Anyway, their customer support was very helpful and I could complete everything in a pretty short period of the time. Initially, I opened with them a micro account. Having made sure that everything is fine, I will go for a higher deposit. I can really be sure that they are good at managing small and big account. The execution of the orders is fine. You may, however, to meet requites at times. You can use your EA, but scalping is not accepted, regardless whether it is done through EA or manual. If you use an unaccepted strategy, you will be warned up to three times. There are brokers that have probably better spreads or/and STP, but to me WSB is a much better broker. If you use them, you do not have to be worry to run into some hidden fees, or whatever. They are there to answer every singly question. You can reach them by chat or email. There is one disadvantage of them, however. At time, I have difficulties to understand their English. If you are looking for an honest and reliable broker, then this one if for you. If you stick to their rules, you will get a great trade with them.

  2. David:

    trading is like a university ictdaueon, it requires on the order of 10 to 20 years to become proficient and you have to be ready to accept it as a full time career. With that said, the broker that I use is oanda. I use this broker mainly because it allows smaller lot sizes which allows me to be very flexible with my exposure.My recommendation- do not trade with less than 50k account. Do not trade live until you have risk capital (money that you will not need or regret losing) or minimum few years on paper accounts. research is a huge topic. Do not fall for technical analysis, it works in some situations, but the best bet would be to read the prices correctly via price patterns and timing. Do not trade during non farm payrolls or during tokyo and NY lunch hour. Trade during the overlap of US UK sessions for best liquidity. Watch for inflation levels, what central bankers say (and if what they are saying is just a warning or if they are serious about it).For example you would want to monitor the japanese central bank decisions right now because their is strong enough to make their bank sell it to lower the price to keep exports competitive. For CAD, watch for gold prices (oil is their major export). ect.FINALLY: the only way to make money in safely is with law of large numbers in terms of capitalization. You have to have an account upwards of 50 mil, so this is not a get rich quick thing. The real money lies in market making and dealing.

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