On-line since: About company: Trader’s Way has been operating since 2010. Trader’s Way is a trading name of the company registered in Dominica. Security There is a series of rules that brokerage companies located in Dominica should comply with. However, currently the broker is not regulated. Despite the fact that authorization does not guarantee a 100% protection from manipulations and bankruptcy, the regulated firms report on all conducted transactions and many of them participate in compensation schemes. Compensation funds protect clients’ money in case a broker fails to fulfill its financial liabilities. Clients’ funds are kept on segregated accounts. Trading terms Trader’s Way gives its clients access to various currency pairs and CFDs for trading. The broker offers both floating (from 1.4 pips for EUR/USD) and fixed (from 2 pips for EUR/USD) spreads for accounts with commissions. On ECN accounts, spreads make up around 0.5 pip for EUR/USD and commissions are from $2.5 to $3. Trading costs along with commissions total about 1 pip. Leverage is 1:1,000 which is considered a rather high one in the industry. Trading platform Trader’s Way provides its clients with two most popular trading platforms: MetaTrader 4 (MT4) and cTrader. cTrader was developed specially for ECN trading. Fast order execution is one of the key reasons why investors choose this platform. Trading can be carried out in a browser, PC or mobile devices. Those who do not want to trade on their own or want to make extra profits can use the cMirror and cAlgo services. Besides, the broker supports popular MetaTrader 4. Most professional traders prefer MT4 as it features a series of technical indicators, latest services, and expert advisors. Trader’s Way cooperates with Myfxbook and FxStat, which expands opportunities of automated trading for clients. The company also offers a VPS hosting. Access to a remote server ensures non-stop work of trading robots even if your computer is turned off. Campaigns Trader’s Way holds different promotions:
Payment methods The company’s clients can use the following payment methods: bank cards, wire transfer, and various e-wallets such as FasaPay, UPayCard, Payza, Bitcoin, Neteller, Perfect Money, WebMoney, and Skrill. Trader’s Way has earned reputation of a reliable company that strives to make its work transparent. Advantages:
Disadvantages:
2/10
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Traders Way is a professional broker and their service is satisfying to me. I found a live trading environment with a low spread so far, even though they do not increase their spreads in a volatile market, and executions are so quick that their system is also good and has no delay; their trading platform is good and stable. They also offer many bonus and contest programs for their clients. I strongly suggest Traders Way to your trader.
I feel so disappointed after I joined Traders Way broker. They claimed they have fast executions on the platform, but when I tried their platform sucks and had so much delay in execution. First I put $100 as an initial deposit, but because of their bad quality platform, I lost $77 at the beginning time of my trading. I don't think I will continue with this broker.
I am comfortable trading on the cTrader with Traders Way broker, As they didn't increase spread and I got the fastest execution, so I have applied automated trading strategies by an EA. I have earned $400 so far. Overall Traders Way broker services are professional to me. Thanks
What disappointed me about Traders Way is that they offer misleading claims. They boast about the bonuses that they provided to their clients but in reality, they will take back the bonus once you start investing a huge amount. Even when you did not commit any violation.
I don't have any nice words for this broker. Their platform has delay and crashing issues. I have called them many times and filed a report about it, but this broker doesn't seem to care about their client because they still have issues on the platform. Trading with awful spreads and slippage happened is really hard for me. It was tough and suffering when I'm trading with this broker. So, I decided no more trading with them, and I closed my account at this broker.
Traders Way is true ECN broker. Two months back, I started with their demo account and I tried my strategies on demo successful on major pair. After one month, I start trading with their live account and applied same strategies on real account here I am also successful. Last month I made highest profit in my entire forex career on US Covid pandemic. I had order on GBP/USD pair and I made 206 pips on it just in 3 days. Even did not get any slippage during this news time. So far, I have only optimistic words for this broker!
As fas as I know, Traders Way broker has been in business for many years already. But it seems like they are still not regulated. One of the most important things that a financial firm must possess is a license as it gives more security to their clients' funds. This broker could have been a good one if it was regulated.
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