In 2010, Trader’s Way was launched, and its headquarter is in the Commonwealth of Dominica. It is enriched with cTrader and MetaTrader suite of platforms together with social copy trading through FxStat and MyFXBook. Trader’s Way has the latest additions of the MT5 platforms as well as cryptocurrency CFD trading on MT4 announced in 2018, together with a couple of forex pairs.
Licenses & Regulation
In terms of Forex trading, the most significant criteria is whether the broker regulated or not. Sorry to say, but Tradersway lacks regulation, this makes it unreliable for trading. However, only this thing does not indicate that the broker is a scam. Several positive feedbacks from the clients exist that can surely convince you to start trading with it.
As you know that after the new measures of ESMA (European Securities and Markets Authority), the registered brokers of ESMA cannot offer a leverage rate over 1:30.
So, when you got a license by the watchdogs who are subject to ESMA, including CySEC, FCA does not look as beneficial as before. Tradersway review shows that is can be a firm that needs to provide high leverages to traders who likes to take the risk instead of being a scam broker.
Well, it does not change the fact that if Tradersway had a license from FCA, your money would be 100% secure.
Account Types & Spreads
Let’s start this part of the Tradersway review with a demo account. Don’t you think having enough practice is more viable before jumping in real trading? Definitely, yes, and the broker offers a demo account for you.
Using a demo account helps you evaluate the trading platforms as well as the trading conditions of the broker. Apart from that, it has five types of accounts. MT4 FIX, Mt4 VAR, MT4 ECN, MT5 ECN, and CT ECN are the five types of accounts.
This type of account is a standard account on the MetaTrader 4 trading platform having fixed spreads that you already know before you start trading.
This is a unique account on the MetaTrader 4 trading platform that mixes some of the best features of real-market ECN trading with tense floating spreads and no-commission standard account trading with a little preliminary deposit.
This one is also a unique account type that offers you direct access to the interbank market via most of the user-friendly and renowned MetaTrader 4 trading platform.
This unique account type offers you direct access to the interbank market via MetaTrader 5 platform, a successor of MetaTrader 4, and the next-generation trading terminal that allows traders to access a variety of financial markets, such as CFD, Forex, Cryptocurrencies, and Futures.
CT ECN account is a unique type that provides direct access to the interbank market via most of the innovative, user-friendly cTrader trading platform, made explicitly for STP/ECN trading.
Before deciding to trade with a broker, the quality of customer service is highly considered. Their staff members are really helpful; you can e-mail them or even directly call them for the solution of your queries.
Other than that, a live chat option is available on the site for you. For their website, they make content in multiple languages such as English, Hindi, Polish, Arabic, Persian, Bahasa Indonesian, Bahasa Malaysian, Chinese, Spanish, and Russian.
- Launched CFD on Bitcoin
- Offers both MT4 and cTrader platform suites
- The only cTrader has forex and metals
- Lacks regulatory status
- Offers three CFDs besides forex pairs
Bonus & Promotion
On your deposit, Tradersway allows you to get a 100% bonus. All you have to do is making a deposit; then, you have to choose the amount of bonus. Later, your money will be conducted on your trading account. However, with an upper limit, you can have this type of bonus, and you cannot get a bonus of over $5,000.
In this Tradersway review, the conclusion is difficult. Despite having pros and cons, it is not easy to finally decide which side of the broker is stronger. In the USA, it is a really famous broker, but missing regulation status is one of the most vital things.
Among different types of accounts, you can surely get one that suits your needs and attracts you. The broker offers loads of trading platforms that make anyone think about this broker.