We use two different brokers - AxiTrader and Admiral Markets. We’ve agreed with our brokers that any member joining through us will be added to the WZRD team and thereby be put in an A Book trading environment. Our primary objective is to give you a better trading experience.
Choose Pro account on AxiTrader to trade Forex and Metals with us. Choose MT5 account on Admiral Markets for Crypto and Stock trading - they offer most Cryptocurrency pairs in the industry, 7 day trading like an exchange and have 7,000+ stocks. Both brokers also offer zero pip spread. By using these brokers we’ll be able to trade more assets together. You’ll be able to trade the way we do with our lot size recommendation and won’t be confused by different naming mechanisms other brokers use.
Both of our brokers allow you to fund your account with Cryptocurrency by using Skrill. You can choose Bitcoin, Bitcoin Cash, or Ethereum to fund your account. You can read more about the process here.
Both AxiTrader and Admiral Markets are highly regulated. They are regulated by the EU, UK and Australia. The regulating body can be chosen, it does not have to be your local regulator. For example, in our Day Trading Cryptocurrency account we use ASIC (Australian) which allows us to have a greater leverage and for our Day Trading FX account we use FCA. Changing the regulating body and the leverage is swift and easy, simply email your account manager or switch it within the settings page. EU regulations allow 1:100 leverage, FCA (UK) allow you 1:30 leverage while in some cases it can be changed to 1:100 and ASIC allows you 1:500. Our recommendation is between 1:50 and 1:200.
We do not recommend you choose any non/weak regulation like CySEC and Cayman Islands, etc. A non-regulated broker will not pay your investment, you can forget about any profits.
Leverage & margin rules
AxiTrader and Admiral Markets offer decent leverage for Forex, stock indices and Cryptocurrencies. Brokers who offer huge leverage will take away that leverage before any significant events and your trade will be forced closed in a loss. 1:50 to 1:200 is more than enough for our scalp and swing trades. As stated previously, leverage is controlled by the regulators you choose - our brokers allow you to change these so you can easily switch your leverage. Our master manager can help with changing the regulator and you will be able to enjoy higher leverage.
Transaction Cost & Time
Most of the time our brokers do not charge fees for deposits and withdrawals, the charge is by your bank/payment methods. Both brokers are very fast with their transactions and have several payment methods. You can use your Bank account, Debit/Credit Cards and wallet-based currency like Skrill - these are instant deposits/withdrawals and take less than 1 working day. For Admiral Markets both are instant.
Trading environment & resources
Both of our brokers offer ECN/Zero pips spread accounts which is a must for scalping, their commission is only $0.70 for each $10,000 trading lot. AxiTrader and Admiral Markets have agreed to provide an STP trading environment, not an MM broker. STP brokers only make money from the commission and spread when you trade. They put your trade to the real spot market and don’t have any B Book.
MM brokers on the other hand put your trade in their own server and put a trade against you. Whenever you lose they make money so there is a conflict of interest. It’s called B- Book, a demo like server. They widen the spreads when it's close to the Stop Loss zones and sometimes hold your trade for a few minutes to hours even if you close it and calculate whatever serves their profit. Your trade will be placed in a different price than you executed. They hold a currency pair from trading like in the case where IC markets held Gold trading 3 times last month when it was easy to buy and profit. MM brokers will close a trade for some nonsense excuse. Don’t walk away from them, run away. There are few exceptions like IG, FXPro but to be honest you won’t even be able to trade the major currency pairs due to high spreads and you can forget about cross pairs. 15-80 pips spread in cross pairs won’t let you trade them.
AxiTrader and Admiral Markets offer quality support. You can get an email response very quickly and you can connect with them via live chat. They don’t put you in a huge queue so you get almost instant live support. You can also let us know when you are facing any issues and we can raise it to our account manager. We will make sure you get the best trading environment.
If you use our brokers you'll also be able to fund your account with Crypto by using Skrill. Once registered and logged in you'll need to select 'Deposit' from the menu. From here look for 'Additional payment options' and select 'Bitcoin and Bitcoin Cash' for your Crypto options. Enter the amount you'd like to deposit, click 'Continue’, and then click 'Go to Bitcoin & Bitcoin Cash’. On the next screen choose from either Bitcoin, Bitcoin Cash or Ethereum. After choosing, you'll be shown a payment link that you can use from your wallet to send the Crypto. Once sent, your Skrill account will update your available balance. From here simply log in to Admiral Markets or AxiTrader and choose Skrill as your funding method. Send the money to the broker and you will be all set.