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Naming an enterprise after a venerable financial institution like Wall Street takes a certain amount of confidence and might even confuse the search engines. Wall Street Brokers appears to have that kind of confidence, regardless of the risk. The company describes itself as a “pioneer securities and commodities trading firm, offering retail traders, corporations, money managers and hedge funds the gateway to complete e-commerce and online trading services”.
The contact information the company provides points one to Wilmington DE 19810, USA. That covers Wall Street Brokers in geographical terms, but the website doesn’t provide much in the way of the history of Wall Street Brokers.
Wall Street Brokers describes its services as including:
- Tight Spreads
- Variety of Products
- Hedging Capability
- Low Margin Requirements
- No SWAP or Hidden Fees
- Superior Trading Software
- No Dealing Desk
- Multi-lingual Support
- Partnership Programs
As with many other such firms the platform offered for download is MetaTrader 4, a good, solid choice. Support options other than live chat are unclear.
The Wall Street Brokers website itself appears to have kept some Flash programmers busy for quite a while, but retains a good bit of focus nonetheless. The focus is on trading Forex and the product offered is comprised of three different account types designed to facilitate currency trading. They are a Standard account with a minimum deposit of $2,000, a leverage of up to 1:400, and a minimum lot size 0.1. A Mini account features a minimum deposit of $500, a leverage of up to 1:400, and a minimum lot size 0.1. A Micro account includes a minimum deposit of $10, a leverage of up to 1:500, and a minimum lot size 0.1.
Those new to Forex can partake of a section devoted to education in Forex right on site. One can open a Demo Account for free practice in Forex trading as well.
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Review info: Wall Street Brokers
Review Date: 2012-09-11
Rating : 3
Reviewed By : Sara Patterson (Google+)