Trader’s Way Broker Review

Tradersway is a trading company registered in Dominica, an island company in the Caribbean Sea. Trader’sway was founded in 2010 and deals in forex markets, CFDs, stock indexes, energies and precious metals using a MetaTrader 4 platform. It offers forex services to American clients and non-American clients. When you sign up with Tradesway, there are no limits and you have up to four account possibilities to sign up with. The Dominica is an attractive location for companies to register offshore since the passing of the International Business Companies Act (IBC) in 1996. There are international banking regulations but forex business is not regulated yet.

Trader’s way was founded with the main aim to provide their clients with all the opportunities available in the financial markets. That is why it offers different types of accounts and advanced technology to increase the freedom of trading.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Regulation

Forex businesses registered in Dominica are not regulated. However regulation only does not mean that your money will be safe in a broker’s hands although it provides some certainty and in some cases apply compensation schemes which provide client protection in the case of broker insolvency. Therefore, if you intend to invest heavily, it would be advisable to choose a broker registered in the countries that offer regulation like Japan, US, Cypress, Australia and the UK.

Despite not being regulated, Tradersway has had more than 7 years reputable and reliable forex market experience and is therefore recognized as a trustworthy broker. It also strives to increase the security and the transparency of its client activities. The broker states that it separates company money and client funds and strictly applies international policies against money laundering.

Trading Platforms

Traderway offers its services on two popular platforms, MetaTrader 4 (MT4) and cTrader. It also provides other multiple auto trading solutions.

MetaTrader is preferred by most experienced traders as it is well equipped with technical indicators, advanced charting package, expert advisors and advanced charting packages. Tradersway supports MetaTrader 4 on desktop, web and mobile versions.

cTrader is a multi-asset trading platform designed for ECN trading.It offers fast order entry, execution speeds, level II pricing and charts direct order entry. Tradersway supports the cTrader suite on PC, web and mobile versions. Tradersway also provides cMirrror which is a mirror and social trading application which works well with all cTrader accounts.
In addition, it also supports cAlgo which offers powerful, reliable, and fast trading. It is easy to use and it provides a coding friendly environment in which you can build your own custom indicators and test your robots.

Account Types

l MT4.FIX. – this is the standard account on the MetaTrader 4 platform with fixed spreads that you access before you start trading. You can start with any amount of money without extra charges. The account is preferred as there is no minimum deposit amount. For accounts that deposit more than 50,000 USD, you get lower spreads and/or commissions, free VPS services and a dedicated account manager. This account can also be accessed free of charge from your mobile phone. A client can start with a demo account to learn how to trade without risks. The demo account expires 30 days after the last login.

l MT4.VAR. – this is a unique account on the MT4 platform that combines real marketing ECN trading with tight floating spreads. This account is perfect for learning to trade with minimum risk. You can start with a small amount and trade without commission while enjoying the benefits of tiny spreads that vary according to the market conditions. It also has no minimum initial deposit. The VIP conditions for accounts with over 50,000 USD include lower spreads, free VPS service and a dedicated account manager.

l MT4.ECN. – This is the account that provides you with a direct access to the interbank market through the MT4 platform without interference from any brokers. For a long time, this was the privilege of major financial institutions and experienced traders. This account requires a minimum, deposit of 100 USD and a minimum commission starting from 25 USD per a million USD turnover. This account provides clients with easy to understand features, user-friendly interface and you can access it from a mobile device.

l CT.ECN. – This account also provides you with a direct access to the interbank market through the user-friendly cTrader platform. This account offers you with the best ECN trading with a minimum initial deposit of 50 USD and a minimum commission starting from only 2.5 USD per 100,000 USD turnover.
Deposit and withdrawal options

Tradersway accepts deposits and payments from many payment systems. This includes Perfect Money, UPayCard, Payza, ePayments, Bitcoin, wire transfers and credit cards among others. For you to make a deposit or a withdrawal, you must first verify your account. Withdrawal requests are processed within 48 hrs on business days.

Using credit cards, the minimum amount you can deposit 10 USD and a maximum of 2000 USD. You are limited to 5 deposits a day. However, card withdrawals are processed as refunds and profits can only be withdrawn through other payment methods.

Bonuses

Tradersway offers bonuses such as 100% deposit bonus limited by 5000 USD. The bonus cannot be withdrawn. The bonus is credited to your account on a daily trading volume basis. The bonus is cancelled in case of any withdrawals and is not available for the CT.ECN. accounts.

Pros

l High leverage levels offered – Tradersway offers some of the highest leverage levels in the market which includes 1:1000 for lower balances. This is beneficial to the client
l Availability of bonuses – Tradersway promotions provides up to 100% of the initial deposit which is pretty impressive.
l Access to ECN environment for just 10 USD – Tradersway provides cheap access to ECN environment for just 10 dollars instead of 100 USD
l No minimum initial deposit for commission-free accounts – this means you can start with any amount you have and start trading.
l Competitive ECN spreads and low commission fees
l Good choice of platforms – It supports the most popular and easy to use platforms such as MT4 and cTrader

Cons

l It is not regulated – this means that if anything happens to the company and it is dissolved, the client has no cover at all despite the risks of the forex business.

Summary

Traders way is a reputable broker which offers the best platforms and competitive conditions for trading. It also offers some of the best bonuses available in the market today as well us no minimum deposits. This means that everyone can access their services. The only major disadvantage is that it is not regulated and therefore not an option for clients who want to invest heavily.

 

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