Tradersway

 

Trader’s Way offers its clients a selection of account types to make sure traders of all skill level and preferences are well taken care of. There are 2 ECN account types available on two different trading platforms, offering tight spreads with small commission fees.

 

Besides, there are two MT4 commission-free accounts with no minimum deposit requirement, one of which offers fixed and the other one, variable spreads. Swap-free service is available on both commission-free accounts to clients of Islamic belief who are not willing to earn interest for religious reasons.

The Company. Security of Funds

Founded in 2010, Trader’s Way is an offshore broker trading in a wide range of currency pairs and CFDs on MetaTrader 4 and cTrader.

Trader’s Way is the trading name of a company, registered in the Commonwealth of Dominica, an island country located in the Caribbean Sea. The Dominica has a wide range of offshore services and with the passing of the International Business Companies (IBC) Act in 1996 it has become an attractive location for offshore company formations. There are certain international banking regulations to which all companies operating out of Dominica are bound, however, forex businesses are not regulated at this time.

While it is true that no regulation can protect you from dealing manipulation, misuse of client money, or company bankruptcy and no regulation can guarantee the funds in your pocket or trading account, there are certain states which strive to put some certainty in the decentralized FX market in their jurisdiction. Money rules and minimum capital requirements are set in the US, Japan, Australia, UK, Cyprus, among others. Brokers in these countries are required to report all trades and to comply with various procedures. What is more, in many of them apply compensation schemes which protect client funds in the event of broker insolvency.

To put it simply, if you choose to open an account with an offshore broker, your funds are far from safe. So, if you intend to invest a large amount of money, we would advise you to select among brokers regulated by the respective authorities in the abovementioned states.

We have to point out that despite the above said, Trader’s Way has more than 6 years of experience on the forex market and has won a reputation of a reliable broker, who strives to provide maximum transparency and security in both its own and clients’ activities.

The broker states on its website that it keeps client funds and company money separate and that it employs strict AML and KYC policies to support international efforts against money laundering and inappropriate usage of funds.

Trading Conditions

Minimum Initial Deposit 
There is no minimum initial deposit with Trader’s Way, which makes this broker quite attractive and accessible for all kinds of traders. Most offshore brokers do not require high initial amounts, which is reasonable, considering the light touch regulation, if any. LiteForex, for instance, a popular broker registered on the Marshall Islands, requires just $10 from traders as a start.


Average Spreads & Commissions

This broker offers both variable and fixed spreads. Fixed and floating spreads offered on its commission-free accounts are both average, as fixed ones are 2 pips and the broker quotes as typical variable spreads of 1.4 pips for the EUR/USD pair. In comparison, ForexBrokerInc offers variable spreads from 1 pips on its commission-free accounts.

As regards Trader’s Way ECN accounts (accessible with just $100/$50), the spreads offered are tighter and quite competitive, averaged 0.5 on EUR/USD, and a small commission applies, ranging from $2.5 to $3. This basically means that the average trading costs amount to around 1 pips, commission included.

For further information, you may look up and compare real-time spreads of 15 leading brokers can be checked out here.

Maximum Leverage
The maximum leverage rates at Trader’s Way are very high, reaching 1:1000. In comparison, SVG-based OctaFX and ForexBrokerInc both offer leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Traders, however, should be aware of all the risks associated with trading on margin – higher leverage levels may lead to heavy losses, exceeding initial investments. That is why many jurisdictions set limitations on leverage, which are considerably lower, for instance 1:50 in USA and 1:25 in Japan.

Trading Platforms

Trader’s Way offers its services on two of the most popular platforms among traders – MetaTrader 4 (MT4) and cTrader and multiple auto trading solutions.

cTrader is an award-winning multi-asset trading platform designed especially for ECN trading. Fast order entry and execution speeds, direct order entry via charts and Level II pricing are just some of the reasons why many traders today choose cTrader as their go-to platform. The Trader’s Way cTrader suite includes a PC, web and mobile versions, as well as cMirror and cAlgo. cMirror is a mirror & social trading application, which works with all cTrader accounts and is Broker agnostic, which means a trader can copy any signal provider, regardless of whether they both reside with different brokers within the cTrader ecosystem.

cAlgo delivers powerful, fast and reliable automated trading in an easy to use, coding-friendly environment for developing and testing your own robots and custom indicators.

In addition, Trader’s Way supports the popular trading platform MetaTrader 4, desktop, web and mobile versions available.
MetaTrader 4 is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, Expert Advisors (EA) and extensive back-testing environment. MT4 also provides a built-in social trading service – Trading Signals. Using this service, you can copy deals of other traders directly in your terminal. Here is a list of more forex brokers offering MT4 platform.

In addition, Trader’s Way has partnered with Myfxbook and FxStat to provide yet more auto trading options.

Of course, this broker offers high quality VPS Hosting Service. Access to Trader’s Way remote server ensures that your robots, Expert Advisors (EAs) and scripts function continuously and without interruption, even if your computer is switched off.


Bonuses & Rebates

Trader’s Way offers various promotions, such as:

– Welcome on deposit bonus of 100%, limited by $5,000, which cannot be withdrawn;
– Access to the MT4 ECN account with just $10 instead of $100.

Methods of Payment

Clients of Trader’s Way are offered a variety of The following payment modes to choose from: credit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, Perfect Money, WebMoney, QIWI, MonetaRU, EasyPay, Boletto, cashU and others.

 

Click Here To Visit Tradersway Web Site

 

The Verdict

Tradersway caters for all types of traders with their multiple account types, trading platforms and trade conditions. They are reliable, professional and stable however, a lot more educational content needs to be put up to cater to new traders.

Tradersway Review Rating = 9/10 = Binary Bosses!

 

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