20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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TradersWay Review 2024
Minimum
deposit:
deposit:
- $10
Trading platform:
- MT4
- MT5
- cTrader
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $10
Trading platform:
- MT4
- MT5
- cTrader
Bonus for deposit:
- 0%
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Summary of Trader’s Way Trading Company
Trader’s Way is a moderate-risk broker with the TU Overall Score of 5.7 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trader’s 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. Trader’s Way ranks 74 among 412 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Conditions of Trader’s Way are mostly suitable for professional traders and passive investors, who use social trading platforms to earn profits.
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.
| 💰 Account currency: | EUR, USD, GBP, and CAD |
|---|---|
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 0.0 pips on ECN accounts, from 0.7 pips on standard accounts |
| 🔧 Instruments: | Forex, metals (gold, silver), energies (oil, gas), cryptocurrencies |
| 💹 Margin Call / Stop Out: | Not specified /40% |
👍 Advantages of trading with Trader’s Way:
- 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.
👎 Disadvantages of Trader’s Way:
- 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.
Evaluation of the most influential parameters of Trader’s Way
Table of Contents
Geographic Distribution of Trader’s Way Traders
Popularity in
48.77%
US
15.95%
TG
7.15%
IN
5.74%
ZW
4.9%
CA
3.5%
BE
3.5%
ID
3.3%
BR
3%
FR
2.94%
IT
11.55%
Others
Video Review of Trader’s Way i
User Satisfaction i
53 comments
Total score:
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Expert Review of Trader’s Way
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).
Dynamics of Trader’s Way’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
Trader’s Way aims at working both with active traders and passive investors. The broker provides access to several social trading platforms. Using the cMirror application for the cTrader platform, the broker’s customers can mirror (copy) traders or become signal providers. Traders can also copy trades of other traders using MT4 Trading Signals, a social trading service built into MT4.
FxStat auto trading is an innovative copy trading platform
In addition to cMirror and Trading Signals, TradersWay.com customers can use FxStat auto trading platform. It provides investors with the possibility to create a diversified portfolio and fully control the account from any device. FxStat offers strategies only from the traders with live accounts and real money. Using the platform, investors can monitor the profitability of suppliers’ traders, analyze their signals and execute the signals in real-time in their accounts.
-
The investor can manage risks independently: users can set auto trading with a fixed volume or a certain ratio.
-
The auto trading service also features an economic calendar, news, email notifications on each event, including each opened and closed order. Daily, weekly, and monthly trading reports on each account are available.
-
Signal subscribers fully control their trading accounts and receive data streams on open positions in real-time.
-
An investor can create a portfolio of the most effective currencies, copy an unlimited number of traders, and trade with one click.
Trader’s Way provides several advanced social trading platforms. All of the broker’s customers can use the copy trading services for passive income. Investors with little trading experience and a desire to trade without regular market analysis can earn profit by copying trades of successful traders. Likewise, experienced traders with successful strategies can earn profit by providing their own trading signals to investors.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
TradersWay affiliate program
-
Agent - the bonus for trading on MT4.ECN, MT5.ECN accounts is 25% of the brokerage commission of the involved trader; on МТ4.VAR it’s 0.3 pips (for currency pairs) and 0.004% (for other trading instruments);
-
Introducing Broker (IB) - individual conditions of partnership and professional support from specialists of the partnership department;
-
White Label - work on one’s own brand with the use of the latest technologies and the business model of Trader’s Way.
Trader’s Way partners can earn passive income for attracting new customers. The bonus is a part of the broker’s commission, which the referrals pay the company for rendering Forex services.
Trading Conditions for Trader’s Way Users
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.
$10
Minimum
deposit
1:1000
Leverage
24/7
Support
| 💻 Trading platform: | МТ4, МТ5, and cTrader |
|---|---|
| 📊 Accounts: | Demo, МТ4.VAR, MT4.ECN, MT5.ECN, and CT.ECN |
| 💰 Account currency: | EUR, USD, GBP, and CAD |
| 💵 Replenishment / Withdrawal: | Deposits: wire transfer, credit/debit cards via Vload and Instacoins, Perfect Money, Skrill, Neteller, Topchange, Bitcoin, Bitcoin Cash, Litecoin, Ether, US$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 |
| 💱 Spread: | From 0.0 pips on ECN accounts, from 0.7 pips on standard accounts |
| 🔧 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 |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | NDD/STP; Tight spreads; Access to several social trading platforms. |
| 🎁 Contests and bonuses: | 100% bonus on the first deposit |
Comparison of Trader’s Way with other Brokers
| Trader’s Way | RoboForex | Eightcap | Exness | AMarkets | IC Markets | |
| Trading platform |
cTrader, MetaTrader4, Web App, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App | MT4, cTrader, MT5, TradingView |
| Min deposit | No | $10 | $100 | $10 | $100 | $200 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
80% / 20% | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | 100% / 50% |
| Execution of orders | NDD, STP | Market Execution, Instant 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 | Yes | No | No | No | No |
Broker comparison table of trading instruments
| Trader’s Way | RoboForex | Eightcap | Exness | AMarkets | IC Markets | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | No | Yes | Yes | Yes | Yes | Yes |
| Stock | No | Yes | Yes | Yes | Yes | Yes |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
Trader’s Way Commissions & Fees
Information
Experts of the Traders Union analytical department closely reviewed the trading conditions of Trader’s Way to reveal all types of commissions and their sizes. The broker does not charge a withdrawal fee for trading Forex instruments but instead charges trading fees: spread (on all accounts) and commission per lot (only on ECN accounts). The information about the withdrawal fees of payment systems is not available on the company’s website.
| Account type | Spread (minimum value) | Withdrawal commission |
| МТ4.VAR | from $7 | No |
| MT4.ECN | from $1 | No |
| MT5.ECN | from $1 | No |
| CT.ECN | from $1 | No |
The broker charges swaps (a commission for rollover of the position to the following day). Our analysts also compared the trading commissions of TradersWay.com with those of other Forex brokers. Depending on the size of the average spread (on all trading accounts), each broker was assigned a level from low to high.
| Broker | Average commission | Level |
| Trader’s Way | $2.5 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
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:
-
The broker provides access to four types of trading instruments: Forex, metals, energies, cryptocurrencies.
-
The broker offers three popular trading platforms.
-
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:
-
cAlgo. This is a convenient application for the creation of trading robots and one’s own technical indicators in C#.
-
QuickDeal 2.0. This is an additional function available for MT4, which allows traders to open orders in one click and analyze market depth.
-
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:
1
Access to the top trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
2
The minimum deposit is $10 on all account types.
3
The maximum leverage on currency pairs is up to 1:1000.
4
Tight spreads: from 0.0 pips on ECN accounts, from 0.7 pips on Standard accounts.
5
Access to several social trading platforms for automatically copying trades of successful traders.
6
Quick responses by customer support services.
Hedging, scalping, trading with advisors (EAs), and swap free accounts are allowed.
How to Start Making Profits — Guide for Traders
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.
Account Type
Description
МТ4.VAR
a standard account with floating spreads from 0.7 pips. The average spread on EUR/USD is 1.4 pips. The leverage varies depending on the account balance: for currency instruments, it’s 1:100-1:1000; for metals and energies. it’s 1:25-1:250.
MT4.ECN
an account for professional trading. The spreads float from 0.0 pips; on EUR/USD it’s from 0.5 pips. There is a commission per lot for Forex trading, it’s from $2.5 to $3 depending on the trading volume.
MT5.ECN
is an account for experienced traders who prefer to trade via the MetaTrader 5 platform. It provides access to trading Forex, CFDs, cryptocurrency, and futures instruments. It provides direct access to the interbank market. Minimum
spreads are from 0.0 pips; spreads on EUR/USD, from 0.5 pips. Leverage on currencies is from 1:100 to 1:1000, depending on the account balance. The commission per lot on Forex instruments is $3.
CT.ECN
is a professional account that provides direct access to the market via cTrader, a convenience for platform users, created specifically for STP/ECN. The maximum leverage is 1:500. Average spreads are from 0.0 pips; spreads on EUR/USD
is from 0.5 pips. The commission per lot on currency pairs is $2.5-3.
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.
Bonuses Paid by the Broker
100% Deposit Bonus
The amount of the minimum deposit for receiving the bonus is not specified on the website. The bonus is cashed to the account balance on a daily trading volume basis.
Investment Education Online
Information
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.
Information available in the Analysis and Education section
Unavailable information at TradersWay site
Economic calendar
Forex glossary
Forecasts on major currencies
Financial and economic news
Access to live webinars hosted by Wayne McDonell, a trader with over 10 years of experience
Technical and fundamental analysis
A detailed description of strategies
Users can test their Forex trading skills on the broker’s demo account.
Security (Protection for Investors)
Information
TradersWay.com is a part of TW Corp., registered in Dominica (an island in the West Indies). The license and state regulators are not available.
To ensure security, all potential customers of the broker are screened in the World-Check database through the sanction lists, social media, and search systems. To improve data protection, the broker uses encryption and decoding of information based on Secure Sockets Layer (SSL) technology.
👍 Advantages
- Application of latest client data protection technologies
👎 Disadvantages
- It is not possible to file a complaint with the regulator
- There is no negative balance protection
- There are no segregated accounts
- The funds and interests of the customers are not protected in any way
Withdrawal Options and Fees
-
When an application for withdrawal is made in the user’s personal account (Private Office), the Trader’s Way financial department processes it within 48 hours. Withdrawals are performed via the system that was used to deposit funds. Personal data of the recipient must fully match the first and last name of the customer, registered in the broker’s database.
-
The following methods are available for withdrawal: internal transfer, electronic wallets Perfect Money, Skrill/Moneybookers, Neteller, Topchange, FasaPay, cryptocurrency wallets Bitcoin, Litecoin, and Ether.
-
In case of withdrawal of large amounts, TW Corp. may request additional documents as proof of money origin, including annual reports, bank statements, etc.
-
The fees of the payment systems and the period required for the transactions are not specified on the broker’s official website of in the offer. Trader’s Way does not charge a brokerage fee for non-trading transactions.
-
Deposit and withdrawal of currencies:for МТ4.VAR and МТ4.ECN - EUR, USD, GBP, and CAD; for MT5.ECN - USD and EUR; for CT.ECN. - only USD.
Customer Support Service
Information
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:
-
An international phone call;
-
Email inquiry;
-
online chat on the broker’s website;
-
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 |
Email:
sales@tradersway.com,
Phone: +1 849 9370815 |
Review of the Personal Cabinet of TradersWay
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:
1
Go to the broker’s official website and select the interface language. Then, on any page press Open Live Account.
2
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.
3
Features of the Private Office of Trader’s Way:
1. Deposit and withdrawal:
2. Information about the platforms and installation files:
1. Deposit and withdrawal:
2. Information about the platforms and installation files:
In the Private Office, a trader can also perform the following actions:
-
Transfer funds between trading accounts.
-
View payment history.
-
Connect to live webinars.
Contact the broker’s representative in the chat.
Disclaimer:
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.
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FAQs
Do reviews by traders influence the Trader’s Way rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Trader’s Way you need to go to the broker's profile.
How to leave a review about Trader’s Way on the Traders Union website?
To leave a review about Trader’s Way, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Trader’s Way on a non-Traders Union client?
Anyone can leave feedback about Trader’s Way on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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