Trader'sWay
Regulated by N/A
Pros
- Commission-free accounts,
- Fixed spread accounts,
- Free VPS
cons
- No negative balance protection,
- Limited non-FX instruments,
- No regulation
Introduction
Fabricated back in 2011, Traders way also known as TW Corp. is an online brokerage company who made their debut in the online trading sphere with a particular objective which is to provide an ultra range of trading asset to the retail market traders.
Though the broker is solely unregulated, it operates more like an offshore company that is licensed by Dominica.
Now, some of you might not have any idea regarding Dominica, for your kind information you should know that it’s an offshore regulatory body. For a brief overview, the following image might help you to get a hold of this offshore regulated broker.
Source: 55brokers.com
Trader'sway provides access to most of the highest liquid markets including Forex, Cryptocurrency, Commodities, Metals, CFDs, and Energies.
That's not even it!
The broker also provides the most popular and widely used trading platforms of current times which obviously include MetaTrader 4 and MetaTrader 5. Along with that Traders Way uses ECN ( electronic communication network ) technologies which ensures fair pricing and possible the tightest spreads
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 1000:1
- Minimum to Open Live: $1
- Established: 2011
- Address: 8 Copthall, Roseau, Dominica
- Contact: helpdesk@tradersway.com, +1 849 9370815
- Regional offices: #
- Prohibited countries: British Indian Ocean Territory, United States
- Trading platforms: MT4, MT5, cTrader
- Web Trading: No
- Mobile Trading: No
- Currencies: (45+)
- Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
- CFD: (5+) Gold, Silver, Stock Indexes, Oil, Other Commodities
- EAs/Robots: Yes
- News Spike Trading: Yes
- Scalping: Yes
- MAM: No
- PAMM: No
- ZuluTrade: No
- Deposit
Methods:
Bank Wire, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple, Skrill, Tether
- Withdrawal
Methods:
Bank Wire, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple, Tether
Trading Conditions
Traders Way offers 4 types of trading accounts for the retail market traders which consist of three different ECN accounts (MT4.ECN, MT5.ECN, CT.ECN) and a standard MT4 trading account.
So, that being said, let's observe it in a bit of detail.
First of all, the brokerage offers ECN trading advantages for both MT4 and MT5 trading accounts.
Not only that, in those ECN accounts you'll be getting possible tight spreads compared to all the other brokers along with that you'll be given access to the interbank trading market for both of those accounts.
MT4.VAR accounts are also available at Traders Way which is basically a swap-free trading account with up to zero commissions.
Also, these accounts are the ideal choice if you want to experience a real trading environment under interbank conditions along with comparably minimal trading risks.
Besides, for metals and Forex trading on a specific trading account, CT.ECN accounts are probably among the best choices out there in the trading sphere.
Though this account was solely designed for ECN/STP trading purposes, it still ensures low latency along with tight variable spreads.
And as for the spreads, it starts from 0.0 pips on the standard and ECN MetaTrader 4 accounts and on the MT4.VAR accounts it starts from 0.7 pips. Besides that, both EUR/USD and GBP/USD contain an average spread rate of 0.5 pips.
Moving on to the leverage rate which usually starts from 1:500 but you must meet the term which is to have more than 10,000 account balance. One more thing, if your account balance is more than $50,000 then you'll be able to experience a leverage rate of 1:2000.
Products
When it comes to providing a wide range of trading assets, Traders Way be like," Yes!" and trust we're not even bluffing.
There are major proofs to back this one up!
From Forex to Crypto, Futures to Commodities, Traders Way provides it all. Besides, for a better disclosure let's get an overview of a few of the market assets. At a glance:
Forex – You'll be given access to more than 42 currency pairs including the exotic currency pairs also.
Cryptocurrency – Wit Traders Way, you'll be able to trade on more than 9 cryptocurrencies including BTC, LTC, ETH, i.e.
Commodities – You'll be able to trade on 2 metals (gold and silver) along with crude oil
Regulation
When it comes to being a regulated brokerage company, Traders Way might not sound like a reliable option to choose as it's not a regulated broker. Besides, let's be clear on something, by implying unregulated we're simply saying that the broker is not regulated with any specific regulatory bodies.
Anyways, despite everything, the broker is registered as TW corp. under the license number of 15690 with the commonwealth of Dominica.
Note: In the middle of 2016, Traders Way received a cease and desist from the US state of Missouri.
Platforms
"With the help of the most advanced and innovative trading tools, trading the online FX market should be easy". At least that's what TradersWay is committed to providing.
It is also true that without providing the BEST and latest trading platforms a broker can't make a name for themselves.
Keeping that in mind, TradersWay is providing 3 of the widely used as well as effective trading platforms including, MT4, MT5, and cTrader.
When it comes to MetaTrader 4 trading platforms, there's no doubt that it is probably the industry-leading trading platform of the current time.
Besides that, the platform provides more than 9 timeframes, 50+ inbuilt indicators, one-click trading, and much more!
Moving on, compared to MT4, the MT5 trading platform operates more as a multi-asset platform which was fabricated with the touch of modern and cutting edge technologies.
The MT5 offers multiple timeframes (21 to be exact) along with more than 80 technical indicators, and not only that it also contains advanced market depth features.
For a better overview of the MT4 and MT5 trading platform of TradersWay:
Source:Compareforexbrokers.com
Lastly, to ensure a flawless ECN trading experience, cTrader platforms were designed in the first place.
The platform has several advantages including fast executions, direct access to liquidity suppliers, intensified charting tools, one-click trading, and much more!
Mobile Trading
TradersWay doesn't own a particular mobile trading app of its own but you can still experience a fluent mobile trading experience with them. How?
With the help of the MetaTrader mobile app, this can be done flawlessly. The MetaTrader mobile app is enriched with numerous functionality along with positive customer feedback.
Besides, the mobile trading app is available for both android and ios devices. You can simply download the app from the google play store or app store if you are an ios user
Bonus & Promotion
For all the retail market traders, TradersWay is currently providing a 100% deposit bonus. In simple terms, it implies that the amount that you'll deposit with the brokerage you'll also most likely get back in your trading account.
But you'll have to meet the terms and conditions the broker holds in order to attain this trading bonus. Which goes as follows:
Source: TradersWay.com
Moving on, along with the deposit bonuses, the broker also provides diverse referral bonuses. Here are the deets…
Source: Forexsuggest.com
Note: The following bonuses mentioned above are currently ongoing and most importantly the expiration date isn’t mentioned anywhere either. So, do your research before going for the trading bonuses.
Deposits & Withdrawals
If it ever comes to providing a wide range of transaction methods, TradersWay is no exception.
They permit most of the vastly popular payment methods including Visa/Mastercard, Neteller, Fasapay, Perfect Money, Skrill, Bank Transfer via Abra, Web money, and Cryptocurrencies including (BTC, LTC ETH, XRP,i.e.).
Note: The transaction methods stated above are permissible for both making deposits and withdrawals.
Besides, TradersWay accepts 4 currency pairs at a time for completing all the transactions and stuff.
Though most of the trading methods come with instant withdrawals except some of those which take longer sometimes up to 48 hours
Customer Support
TradersWay, which is registered at TW Corp., 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica, offers 24/5 effective and active customer support for all its clients so that they can get the best help possible.
If you want to contact them via telephone then use the following contact number instead:
Phone Number: +1 849 9370815
Besides, you can also mail them for any queries along with hop on a live chat with them whichever you prefer.
Here are the email getaways:
- For queries about new accounts – sales@tradersway.com
- For queries about services – helpdesk@tradersway.com
- For queries about technical facts – support@tradersway.com
Research & Education
In the foreign exchange market, learning more is no exception and that's something you shouldn't ignore at any cost.
Source: TradersWay.
Therefore, TradersWay has paved a lot of opportunities for the traders by giving them access to all the learning materials including, educational videos, quality blog posts, news and analysis, trading guides, and much more
