Tradersway Broker Review 2020

Finding the random brokers to accompany the risk of losing your cash. We described a2z on the Tradersway broker. Let's move forward!

Tradersway: Pure ECN Platform

Hey, it's Trader's Way! They offer FX and CFD online trading on ECN and Micro accounts via MetaTrader and cTrader trading platforms. This is an offshore forex broker that accepts US clients.

Service information

Demo Account Yes
Minimum Deposit $1
Max Leverage 1:1000
Spreads from 0.0
Type of Broker ECN
Tradable Assets Currencies, Gold, Silver, Stock Indexes, Oil, Other Commodities, Bitcoin, Litecoin and Ethereum
Deposit Options Bank Wire, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple, Skrill, Tether

Company information

Established 2011
Regulated by N/A
Telephone +1 849 9370815
Customer Support 24/5 in 10 languages

Tradersway-Featured-DailyForexTrading.Net


Everything you need to know about Tradersway Broker

So, you might have heard about a lot of brokers that are scam and possibly take your money away, but that’s not the case at all.

There are hundreds of rumors going around related to “Tradersway Broker” and to kick them out of your mind; we have decided to write on this topic.

Let’s get started!

Tradersway Review - Learn The Basics

Tradersway brokers were introduced in the market of Forex back in 2008, and they were offering only “Forex Trading” at that time.

"But, that’s not the case now; they are now coming up with

    CFDs Trading, Social Trading, and Share Dealing Trading"

They are the global Broker, and their Head Office is located in the Commonwealth of Dominica. They are dealing with a lot of listed stock symbols and which indirectly means “You can buy shares from different stock exchanges around the globe.”

We all know, when finding the right Broker, it’s important that we go through the in-depth details of “What are they offering and whether they are fulfilling our needs or wants?” to ensure that they are the best.

And that’s probably the reason “Why you’re here.” We have listed down every single thing regarding “Tradersway Broker” below, and you can have a quick look at it by scrolling down.

Here we go!

Tradersway Regulation

To all those who want to know “If the Tradersway is regulated or not,” No, they aren’t regulated like the other Broker in the world.

This is why a lot of people have reservations over “Tradersway Broker” because they were never monitored for “Security and Safety” purposes.

Now, you must be wondering about “Is Tradersway really worth it?” You’ve to figure it out by scrolling down!

Account Types of Tradersway Broker

Just like the other Broker in the market, they are offering you a wide range of “Account Types” to meet your needs and wants. You can choose the account accordingly because each account has its own importance.

Following are the accounts they are offering:

  1. Demo Account
  2. Standard Account
  3. ECN Account
  4. Islamic Account


Demo Account

You can open the demo account right now if you want to learn more about the “Tradersway Broker” before depositing any money in the real account. You can go for the instant execution and market execution practices in the Tradersway Demo Account.

When you’re satisfied with the performance of this platform, you can head towards the standard account.


Standard Account

This account is for the beginners where you’ve to deposit only $10 to get started with the “Forex World.” You’ve to get started with the fixed leverage and spread, and if you’re not comfortable with it, you have to choose the other account.

But, it’s the best account for the newbie because you can’t risk your money and it’s better to invest $10 to learn a few things and then scale-up everything.

Note* There’s no information about leverage/margin for the standard account given on the “Official Website of Tradersway Account.”


ECN Account

With the help of MetaTrader 4, you can actually start your trading with an ECN account with a minimum deposit of $10 (Limited Time Offer). You have direct access to the global market, and with the help of MT4, you can enjoy the advantages of market conditions and earn a handsome profit with the right tactics.

Note* They have introduced MT5 in the year 2020, and you can download it without any problem.


Islamic Account

 With the help of an Islamic Account, you don’t have to deal with any commission/fees, and everything is under Islamic Laws.

They haven’t mentioned a lot of Islamic accounts which means “you’ll have to contact them in order to know more about it.”

Trading Platforms of Tradersway Broker

They are offering you a wide range of “Trading Platform” and a possibility to trade on almost every device possible. What we love about Tradersway Broker is “Their Trading Platforms,”

YES, you can enjoy the fast, convenient, and one-click trading with the help of Tradersway Broker Trading Platforms.

Following are the trading platforms that they are offering:

  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader Web Terminal
  • MetaTrader Mobile Applications
  • MetaTrader for IOS
  • MetaTrader for Mac
  • cTrader
  • cAlgo
  • cTrader Web and Mobile Apps

The list is huge, and you won’t be facing any problem when trading using the “Tradersway Broker Trading Platforms.”

A lot of people are questioning about the facilities of the “Tradersway”, and it’s time to fade away the dark clouds from the truth.

Let’s get started!

Tradersway Broker Spread

Different accounts have different spreads, and the technical possibility of the Tradersway is making it possible to establish minimum possible spread for all of the accounts. Tradersway Broker understands the desires of the traders and offers you the following:

  • Fixed Spread
  • Floating Spread

If we talk about the Forex only, then currently following are the spread that Tradersway has to offer:

EUR/USD

0.2

GDP/USD

0.9

USD/CHF

0.4

USD/JPY

0.5

 You’ll enjoy the lowest possible spread with the EUR/USD Pairing.

Tradersway Execution Time

There are two ways of execution that Tradersway works on:

  • Instant Execution
  • Market Execution

In instant execution, you’ve to wait for several goals to meet in order to place the order and there are a lot of risks involved. For instance, you never have a clue that at what price the buyer is going to buy your assets, and you might end up on a losing side.

But, in the market execution, you only have to place an order by specifying the volume because everything else is taken care of by the authorities. You won’t be responsible for the “Price Hikes or Price trails.”

Leverage of Tradersway Broker

There are different types of accounts that Tradersway Broker is offering, and each account has different leverage/margin levels. Let’s discuss them!

  • Demo Account (You can set up leverage/margin of your own choice)
  • Standard Account: 1:3000
  • ECN Account: 1:500
  • Islamic Account: 1:500

Customer Service of Tradersway Broker

The customer service is great, and you’ll get prompt responses to your queries. They have a faqs section too on their website to solve your problems, but if you don’t find anything that is similar to your problem, then there’s an option of Live Chat Available, and you can contact them by Clicking Here.

Tradersway-CustomerService-DailyForexTrading.Net

Now, that’s all from the technical and in-depth detail of the Tradersway Broker, and it’s time to move on to the section “How to open Tradersway Broker Account” and “How to withdraw Profit Money.”

Let’s rock and roll!

How to open Tradersway Broker Account

To open the account on Tradersway, you’ve to follow the steps given below.

  • Head towards the official website of the Tradersway official website by Clicking Here, and you’ll end up finding yourself at the front page.
  • There’s no separate page for the registration, you’ve to scroll down a little bit, and you’ll have the registration form right in front of you. Here’s the glimpse of the registration form:

    Tradersway-OpeningAccount-DailyForexTrading.Net
  • Fill this form completely, and then you’ve to scroll down a little bit more to complete the information regarding your account type:

    Tradersway-OpeningAccount2-DailyForexTrading.Net
  • Once you’ve selected the account type, you’ve to click on the open account now button and click on the confirmation link by going to your email account.

Once clicking on the confirmation link, you’ll still be asked to enter the information mentioned below:

  • Bank details
  • Credit Card Information
  • Home Address
  • Identity Card
  • Possibly a Selfie

Once you entered all the information, you’ll be asked to wait for 48 hours so that they can get the verification process done.

How to withdraw profit money from Tradersway 

Withdrawal is easy, and you can get your money real quick if you follow the instructions properly. They have introduced a lot of payment gateways to deposit/withdraw the money from your account. Following are the payment gateways that they are supporting right now:

  • Credit/Debit Cards via VLoad
  • Wire Transfer
  • Bank Transfer
  • Bitcoin
  • Ether
  • Litecoin
  • Ripple
  • USD Coin
  • TrueUSD

And they will add a lot of payment gateways in the future, and if you want to keep yourself keep-to-updated with the addition of payment gateways, you can Click Here.

Let’s now talk about the customer reviews regarding the “Tradersway Broker”, and this is where you get to know if this place is worth it or not.

Let’s compare the Tradersway now with VantageFX.com

Tradersway Vs.VantageFX

Here’s the brief comparison of Tradersway and VantageFX Broker.


Tradersway.com


VantageFX.com

Account Types: Standard and ECN

Account Types: Standard and ECN

Minimum Deposit: $10

Minimum Deposit: $200

Minimum Trade Size: 0.01

Minimum Trade Size: 0.01

Maximum Leverage: 1:3000

Maximum Leverage: 1:500

Average Spreads: Fixed 2 pips of USD/EUR

Average Spreads: Fixed 1.4 pips of USD/EUR

Regulated by: No one

Regulated by: ASIC

Headquarter: The Commonwealth of Dominica

Headquarter: Australia

ADVANTAGES AND DISADVANTAGES OF TRADERSWAY Broker

There are several advantages and disadvantages that you’ve to deal with if you’re opening an account on Tradersway Broker. Let’s break down the advantages and disadvantages to enlighten you about it:

Advantages

  • They offer you different platforms for trading
  • They have launched CFDs on Bitcoin
  • The Customer Service is great and knowledgeable

Disadvantages

  • They don’t have a tag of “Regulation.”
  • The only availability of the Forex and Metal on cTrader is the biggest disadvantage for the cTrader
  • They offer you only 3 CFDs apart from Forex pair

So, what’s your take on the advantages and disadvantages of the Tradersway Broker? Do let us know in the comment section.

Tradersway Contest, Promotions and Bonuses

Just like the other giants in the businesses, they do offer you different Bonuses, Promotions, and Contests to engage the investors.

Let’s take a start from the bonus first.

They are offering you a 100% deposit bonus if you’re depositing the money for the first time in your account. But, you must be wondering about how to get it right? Follow the steps given below:

  1. Login to your account
  2. Click on the deposit button and choose your payment gateway
  3. Now choose the bonus option or simply deposit more than or equal to $5000 to avail the offer
  4. Accept the terms and conditions and the bonus will be transmitted to your account the next minute

There are a lot of promotions and contests going on all the time, and you’ve to subscribe to the newsletter of the “Tradersway Broker” website in order to know what they are up to.

Currently, there’s no promotion and contest going on, and we will let you know once they have updated it.

Before we wrap up things and say goodbye to you, let’s talk about the pros and cons of all the services they are providing.

Pros & Cons of Tradersway Broker Services

Following are the services we are going to discuss here:

  • Commission and Fee
  • Account Opening
  • Deposit/Withdraw
  • Trading Platforms

Pros & Cons of Commission and Fee


Pros


Cons

No commission Fee for the standard and Islamic Account

High Financing CFDs Rate

Low fee for the non-trading account

 

Less Forex Fee

 

Pros & Cons of Account Opening


Pros


Cons

Opening the account is easy and quick

None

100% deposit bonus

 

The system is digital

 

 Pros & Cons of Deposit/Withdraw


Pros


Cons

Wide options for depositing/withdrawing the money

According to the reviews, they are scammers and take your money away. So, always keep your eyes open.

Low Withdrawal Fee

 

You’ll get the transaction done within one business day

 

Pros & Cons of Trading Platform


Pros


Cons

MT4 and MT5 are available

None

They send you free reports and notifications about anything happening to your account

 

You’ll be notified with the confirmation of the orders

 

What are your thoughts about Tradersway Broker? Do let us know in the comment section. We would love to hear from you.

frequently ask questions

The minimum is $10. If you use that method, currently you can withdraw using other options as we have no way to send funds back using the same option. Otherwise, we ask you to withdraw back at least the same amount you deposited using the method you used to make the deposit.

Withdrawal requests are processed within 48 hours on business days.

Leverage in Forex is the ratio of the trader's funds to the size of the broker's credit. In other words, leverage is a borrowed capital to increase the potential returns. The Forex leverage size usually exceeds the invested capital for several times.

Yes, we used to act as a market maker for some of our Micro Account transactions and so we had to legally put that clause in the agreement. We have moved completely away from that business model (and phased out our micro-accounts over a period of 5 months)

TradersWay is an unregulated offshore forex & CFD broker that is based in Dominica and registered under the name TW Corp. The broker's aim has always been to provide traders with the widest opportunities available throughout all financial markets.

Is TradersWay a US Broker? No, TradersWay is not a US Broker, even though you may find some claims about that! TradersWay is a company located in Dominica, while Dominica itself attracted many financial companies or activists to perform and deliver services to international clients.

Is TradersWay Regulated? No TradersWay is not regulated Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

ECN stands for Electronic Communications Network. An ECN broker is a Forex financial expert who uses such a network to provide its clients with direct access to other participants in the market. An ECN broker consolidates quotes from several participants, in order to offer tighter bid/ask spreads.

HOW CAN WE HELP YOU?

contact@dailyforextrading.net