WhoTrades Review for 2019

WhoTrades Rated 3/5
WhoTrades have a low rating. We recommend you look at one of their alternative brokers.
Plus500 matches your criteria. Visit Plus500 now here.

WhoTrades Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of WhoTrades we break down the pros and cons. What WhoTrades are able to offer, what countries WhoTrades are available in. Who WhoTrades are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with WhoTrades

Open WhoTrades's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to WhoTrades

With this review we hope to help you see if WhoTrades is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding WhoTrades that will help you get off to a good start in the world of online trading.

WhoTrades what you should know

WhoTrades offer two ways to trade: Forex, Social Trading.

With WhoTrades you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with WhoTrades platform.

WhoTrades are able to accommodate various levels of traders whether you are experienced or a beginner.


Are WhoTrades safe?

When choosing a broker like WhoTrades the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2006, and in operation for 13 years WhoTrades have a head office in Cyprus.

WhoTrades is regulated. This means WhoTrades are supervised by and is checked for conduct by the CySEC, FINRA, SIPC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to WhoTrades, this will be honored. If WhoTrades violate any regulatory rules their regulated status could be stripped.

Any payments funded to WhoTrades accounts by traders are held in a segregated bank account.

For added security WhoTrades use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with WhoTrades. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit WhoTrades

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2006
  • Regulated by CySEC, FINRA, SIPC
  • Min. deposit from $100

What we don't like

WhoTrades General Fees

  • WhoTrades withdrawal fees varies on payment method
  • WhoTrades does charge inactivity fees

WhoTrades Commissions

  • WhoTrades does charge commission on CFD shares.

What can you trade with WhoTrades?

You can trade a wide variety of instruments with WhoTrades over 100 instruments infact.

If you are looking at trading currency pairs WhoTrades offer over 15 currency pairs.

Compare WhoTrades with Plus500 and City Index below.

Losses can exceed deposits

FX / Currencies WhoTrades Plus500 City Index
Forex pairs offered 15 100 100
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs WhoTrades Plus500 City Index
Commodities offered 17 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs WhoTrades Plus500 City Index
Stocks offered 1816 4500
UK Shares No Yes Yes
US Shares Yes Yes Yes
German Shares No Yes Yes
Japanese Shares Yes Yes Yes
WhoTrades
Instruments
Plus500
Instruments
City Index
Instruments

Trading on WhoTrades web platforms and other applications

WhoTrades offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An WhoTrades IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

WhoTrades also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See WhoTrades's platforms

WhoTrades Trading benefits :

  • Allows hedging
  • Low min deposit

WhoTrades Trading Accounts offered:

  • Demo account
  • Standard account
  • ECN account

Can I try WhoTrades before I buy?

WhoTrades offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do WhoTrades accept?

WhoTrades offer the below funding payment methods. learn more about WhoTrades

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

How can I start trading with WhoTrades?

When opening a trading account with WhoTrades, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WhoTrades trading platforms here.

Performing trades with WhoTrades

WhoTrades allow you to execute a minimum of trade of 1 Lot. This may vary depending on the account you open. WhoTrades allow you to execute a maxium trade of 25 lot. As WhoTrades offer ECN execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. ECN accounts will come with a commission and are more favoured by traders who implement high volume strategies, for example scalpers and automated trading.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Support at WhoTrades

WhoTrades support a limited number including

WhoTrades have a A grade support rating because WhoTrades offer over three languages and email and phone support.

What you will need to open an account with WhoTrades

As WhoTrades is regulated by CySEC, FINRA, SIPC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore WhoTrades's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with WhoTrades you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://whotrades.com on 12th August 2018.

WhoTrades not quite right?

Check out these WhoTrades Alternatives

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If you feel some of the above WhoTrades are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of WhoTrades alternatives below.

Related WhoTrades Comparisons

If you would like to see how WhoTrades stands up against other brokers you can read some of our WhoTrades comparisons below. We compare side by side some of our top rated WhoTrades versus comparisons. Read some indepth WhoTrades VS pages below.

WHOTRADES Frequently Asked Questions

Can I try WhoTrades before I buy?

WhoTrades offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do WhoTrades accept?

WhoTrades offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with WhoTrades?

When opening a trading account with WhoTrades, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WhoTrades trading platforms here.

Is my money safe with WhoTrades?

WhoTrades is regulated by CySEC, FINRA, SIPC. One of the most important criteria for traders when choosing a broker like WhoTrades is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to WhoTrades, this will be honored. If they violate any regulatory rules their regulated status can be stripped.