According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- cTrader
- 2012
Our Evaluation of Traders Way
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Way is a moderate-risk broker with the TU Overall Score of 5.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Traders Way clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Conditions of Trader’s Way are mostly suitable for professional traders and passive investors, who use social trading platforms to earn profits.
Brief Look at Traders Way
Trader’s Way was established by a group of financial experts and analysts to provide trading opportunities to traders across the globe. Throughout its operation, the broker has been continuously improving the services and technologies it provides, adding new platforms, useful applications, and available social trading platforms. Trader’s Way aspires to meet the trading demands of both active Forex traders and passive investors with various amounts of free equity.
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- Optimal trading conditions for experienced and professional traders: tight spreads and low trading commissions per lot on ECN accounts.
- No trading limitations: hedging, scalping, and use of algorithmic advisors are allowed.
- Availability of several social trading platforms for copying trades of successful traders.
- No cent (micro) accounts.
- Investment in PAMM, MAM, and RAMM accounts is not available.
- Complicated verification process: a new user must provide a certified translation of documents into English.
- The broker does not provide its own analytics to its customers.
- There are no Russian-speaking operators on the online chat.
TU Expert Advice
Financial expert and analyst at Traders Union
From the very beginning, Trader’s Way (TradersWay.com) has aspired to provide better products, technologies, and services to its customers. The broker offers a wide range of trading instruments, minimum deposits that are affordable to any trader, and high leverage. The broker’s customers have access to currency pairs, metals, and energies using the most popular platforms — MetaTrader 4, MetaTrader 5, and cTrader.
Trader’s Way offers beneficial conditions primarily to professional traders. The ECN account provides access to working directly on the interbank exchange with popular assets and tight market spreads. Beginners on Forex can copy trades of experienced traders using the available social trading platforms. At the same time, due to several drawbacks (the absence of cent accounts and education materials), the broker cannot be considered the best option for novice traders.
The company’s website has been localized in 11 languages, but we recommend using the English version, not the Russian one. The information about trading conditions in Russian is outdated: some data about the accounts and services do not correspond to reality. However, the operators of the online chat quickly clear up any inconsistencies (the response time is 3-5 minutes).
Traders Way Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4, МТ5, and cTrader |
|---|---|
| 📊 Accounts: | Demo, МТ4.VAR, MT4.ECN, MT5.ECN, and CT.ECN |
| 💰 Account currency: | EUR, USD, GBP, and CAD |
| 💵 Deposit / Withdrawal: | Deposits: wire transfer, credit/debit cards via Vload and Instacoins, Perfect Money, Skrill, Neteller, Topchange, Bitcoin, Bitcoin Cash, Litecoin, Ether, US$Coin (USDC), and Tether (USDT) Withdrawals: internal transfer, Perfect Money, Skrill, Neteller, Topchange, FasaPay, Bitcoin, Litecoin, and Ether |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lot |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, metals (gold, silver), energies (oil, gas), cryptocurrencies |
| 💹 Margin Call / Stop Out: | Not specified /40% |
| 🏛 Liquidity provider: | No specified |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | NDD/STP; Tight spreads; Access to several social trading platforms. |
| 🎁 Contests and bonuses: | 100% bonus on the first deposit |
Trader’s Way works with traders with any level of trading experience, offering a wide variety of live accounts. The entry threshold on all account types is low, with the minimum deposit set at $10. The spread on professional accounts starts from 0.0 pips; Standard accounts start from 0.7 pips. For EUR/USD, the average spread is 0.5 pips (on MT4.ECN, MT5.ECN, CT.ECN) and 1.4 pips (on МТ4.VAR). There is a commission per lot on ECN accounts.
Traders Way Key Parameters Evaluation
Video Review of Traders Way
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Trading Account Opening
In order to start trading with Trader’s Way, you need to become a broker’s customer, i.e., open a live account. Here’s a short guideline of how to start working with Trader’s Way:
Go to the broker’s official website and select the interface language. Then, on any page press Open Live Account.
Fill out the registration form and provide your first name and last name (English letters), email, account type (personal or corporate), date of birth, phone number and then select the account type and select your preferred currency. After that, access the Private Office and pass verification, providing the documents in English or translated by a certified translator. Translation must contain a seal and the translator’s signature and must be submitted together with the original copy of the document.
Features of the Private Office of Trader’s Way:
In the Private Office, a trader can also perform the following actions:
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Transfer funds between trading accounts.
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View payment history.
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Connect to live webinars.
Contact the broker’s representative in the chat.
Regulation and safety
Traders Way has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Track record over 13 years
- Not tier-1 regulated
- Not regulated
- No negative balance protection
Traders Way Security Factors
| Foundation date | 2012 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Traders Way is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Traders Way have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Traders Way with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Traders Way’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Traders Way Standard spreads
| Traders Way | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,7 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,2 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Traders Way RAW/ECN spreads
| Traders Way | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Traders Way. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Traders Way Non-Trading Fees
| Traders Way | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Trader’s Way offers several account types with different conditions. Beginners and advanced traders can choose an account based on their strategy, trading preferences, and the platform that is the most convenient for them.
The broker provides a demo account with conditions identical to live accounts and access to trading platforms.
Trader’s Way is a broker that offers beneficial conditions for professional traders as well as beginners, who are only starting to learn how to work on the financial markets.
Deposit and withdrawal
Traders Way received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Traders Way provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Supports 5+ base account currencies
- Bank wire transfers available
- USDT (Tether) supported
- Bank card deposits and withdrawals
- Wise not supported
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Traders Way deposit and withdrawal options?
Traders Way provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
Traders Way Deposit and Withdrawal Methods vs Competitors
| Traders Way | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Traders Way base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Traders Way supports the following base account currencies:
What are Traders Way's minimum deposit and withdrawal amounts?
The minimum deposit on Traders Way is $10, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Traders Way’s support team.
Markets and tradable assets
Traders Way offers a limited selection of trading assets compared to the market average. The platform supports 55 assets in total, including 50 Forex pairs.
- Crypto trading
- 50 supported currency pairs
- Indices trading
- No ETFs
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Traders Way with its competitors, making it easier for you to find the perfect fit.
| Trader’s Way | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 55 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Traders Way offers for beginner traders and investors who prefer not to engage in active trading.
| Trader’s Way | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
Traders Way received a score of 7.75/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Free VPS for uninterrupted trading
- One-click trading
- Trading bots (EAs) allowed
- MetaTrader is available
- No access to a proprietary platform
- Strategy (EA) Builder is not available
- No TradingView integration
Supported trading platforms
Traders Way supports the following trading platforms: MT4, MT5, cTrader. This selection covers the basic needs of most retail traders. We also compared Traders Way’s platform availability with that of top competitors to assess its relative market position.
| Trader’s Way | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | Yes | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key Traders Way’s trading platform features
We also evaluated whether Traders Way offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 131 |
| Tradable assets | 55 |
Additional trading tools
Traders Way offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Traders Way trading tools vs competitors
| Trader’s Way | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | No | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | Yes | No | Yes |
Mobile apps
Traders Way supports mobile trading, offering dedicated apps for both iOS and Android. Traders Way received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- Android and iOS apps
- Mobile 2FA not supported
- Low app installs across iOS and Android
We compared Traders Way with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| Trader’s Way | Plus500 | Pepperstone | |
| Total downloads | No data | 10,000,000 | 100,000 |
| App Store score | No data | 4.7 | 4.0 |
| Google Play score | No data | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Education
There are no education or analytics sections on the broker’s website. A novice trader can find useful information about starting to trade on Forex in the New To The Market, Resources, and Questions and Answers sections. That, however, is not enough for detailed studying of trading basics.
Users can test their Forex trading skills on the broker’s demo account.
Customer support
The operators of the online chat service provide round-the-clock support in English, Arabic, French, Spanish, and Filipino.
Advantages
- 24h online chat
- Email is specified only for Russian speaking traders
Disadvantages
- In the online chat, you cannot ask a question in Russian
- Only a phone number in Dominica is available for contact
- A user cannot order a callback
The following methods of contacting customer support are available:
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An international phone call;
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Email inquiry;
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online chat on the broker’s website;
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Messaging apps, including Telegram, Facebook, Instagram, Twitter.
You can contact customer support on the website or from your Private Office.
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica |
| Official site | tradersway.com |
| Contacts |
+1 849 9370815
|
Comparison of Traders Way with other Brokers
| Traders Way | Eightcap | XM Group | RoboForex | AMarkets | FBS | |
| Trading platform |
cTrader, MetaTrader4, Web App, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, AMarkets App | MT4, MobileTrading, MT5, FBS app |
| Min deposit | No | $100 | $5 | $10 | $100 | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 1 point |
| Level of margin call / stop out |
80% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 50% / 20% | 40% / 20% |
| Order Execution | NDD, STP | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of TradersWay
Trader’s Way adheres to the principle “Maximum Trading with Maximum Opportunities” and “Maximum Freedom”. The broker’s customers are given access to popular trading assets and three platforms to trade comfortably at any place and on any device. Trader’s Way provides services for optimizing active trading and also offers an opportunity to earn profits on passive investment using auto trading platforms.
Several interesting figures about Trader’s Way testifying to the growth and progress of the company:
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The broker provides access to four types of trading instruments: Forex, metals, energies, cryptocurrencies.
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The broker offers three popular trading platforms.
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The company’s website is localized in 11 languages.
Trader’s Way is a broker for active trading and passive investment
Trader’s Way offers beneficial conditions to traders with any level of trading experience. The minimum deposit is US$10, which allows any trader to test the broker’s conditions, although they are more designed to suit professional traders. Trader’s Way operates based on ECN/STP technology, which processes trading orders directly (without the involvement of the broker), which increases the speed and quality of order execution. The traders can also perform trades from standard accounts with tight spreads and without paying additional trading fees. Passive investors can earn profits by copying trades of experienced traders by piggybacking trading signals.
The broker’s customers receive free access to three platforms: MetaTrader 4, MetaTrader 5, and cTrader. All three platforms have desktop, mobile, and web versions, and are also supplemented with functional applications, which considerably expands trading opportunities for traders.
Useful services offered by Trader’s Way:
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cAlgo. This is a convenient application for the creation of trading robots and one’s own technical indicators in C#.
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QuickDeal 2.0. This is an additional function available for MT4, which allows traders to open orders in one click and analyze market depth.
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FxWire Pro newsfeed. This is a service integrated into MT4 that provides analytics of IBTimes, a global resource, with comments from respected economists and professional traders.
Advantages:
Access to the top trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
The minimum deposit is $10 on all account types.
The maximum leverage on currency pairs is up to 1:1000.
Tight spreads: from 0.0 pips on ECN accounts, from 0.7 pips on Standard accounts.
Access to several social trading platforms for automatically copying trades of successful traders.
Quick responses by customer support services.
Hedging, scalping, trading with advisors (EAs), and swap free accounts are allowed.
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