Tradersway minimum deposit

Traders way specializes in forex and CFD trading options and attracts many US clients at traders way every day.

Today forex bonuses

Trader; s Way Review, tradersway minimum deposit.

With 7 years of trading experience in the financial markets, this forex broker is considered by many to be a reliable, good broker that provides limitless trading opportunities.

Credit card /debit cards via vload
Wire transfer
Bank transfer (abra)
Bitcoin
Ether
Litecoin
Ripple
USD coin (USDC)
Tether (USDT)
Trueusd (TUSD)
Skrill
NETELLER
Perfect money
Fasapay

Trader’s way review

General overview

Traders way specializes in forex and CFD trading options and attracts many US clients at traders way every day. With 7 years of trading experience in the financial markets, this forex broker is considered by many to be a reliable, good broker that provides limitless trading opportunities.

In order to find out if this review is true, we have thoroughly tested the trader way trading platform and trading conditions. We’ve also shared a review of our experience to help you discover whether this forex broker is your ideal trading partner.

Background

Founded in 2010, trader’s way is an offshore broker and trading company registered in dominica, an island country in the caribbean. Since the passing of the international business companies act (IBC) in 1996, dominica has become an attractive location for any broker to register offshore. This broker aims to increase the freedom of trading and its jurisdiction does not apply to any country’s restrictions.

With this in mind, we recommend all traders review their ability to deal with trader’s way with a legal consultant. Address: 8 copthall, roseau valley, 00152 dominica (1). Phone & fax: +1 846 937 0815 new accounts email address: sales@tradersway.Com customer service email address: helpdesk@tradersway.Com technical support email address: support@tradersway.Com

Tradersway review regulation and security

Trader’s way is registered and working in line with the commonwealth of dominica legislation. Its jurisdiction does not require any special license for forex activity, making trader’s way a non-regulated broker. Despite not being regulated, trader’s way states that its clients’ funds are kept separate from its own funds and exclusively in the hands of reputable banks and financial companies.

Tradersway account types

The four main trading account types available from trader’s way include:

FIX. – this is a standard account with fixed spreads that enables traders to trade on the metatrader 4 (MT4) platform. There is no minimum deposit or balance amount, no commission and traders are given 1:1000 leverage.

VAR. – again, this is a standard account for access to the MT4 platform but with variable spreads. It’s ideal for traders wanting to learn to trade without high risk and without commission. There is also no minimum deposit or balance amount and includes leverage of up to 1:1000.

ECN – this is a metatrader 4 ECN account with tight variable spreads and commission. It comes with a leverage of 1:1000 and requires a minimum deposit of $100.

ECN – rather than the MT4 platform, this account with tight variable spreads and commission provides traders access to the interbank market through the ctrader platform. It comes with high leverage of up to 1:500, and traders will need to pay a $50 deposit to open.

Before signing up for a live account, traders can assess the quality of services on offer and learn how the different accounts work by opening a demo one and getting a tradersway login for free.

Tradersway commission and fees

There is no charge for inactive accounts.

Tradersway minimum deposit

The minimum deposit is only $10 for ECN accounts.

Payment systems

All tradersway deposits and withdrawals can be done with these payment options:

Credit card /debit cards via vload

Wire transfer

Bank transfer (abra)

Bitcoin

Ether

Litecoin

Ripple

USD coin (USDC)

Tether (USDT)

Trueusd (TUSD)

Skrill

NETELLER

Perfect money

Fasapay

These payment options are all subject to local regulations. If a currency conversion needs to be completed for deposit or withdrawal, it is subject to a 1.5% fee from trader’s way.

Tradersway trading platforms

Trader’s way offers two of the most popular trading platforms to monitor trading performance for traders wanting to use its services. Every forex trader has a preference for a particular platform. These are the metatrader 5 (MT5) and metatrader 4 (MT4) and ctrader platforms.

Metatrader 4 is preferred by most experienced traders for its expert advisors (eas), technical indicators, and advanced charting package. The MT4 platform is also well-liked for providing a social trading service where traders can copy other trader’s deals. In addition to offering a web-based MT4 platform, trader’s way offers desktop and mobile versions of the popular platform too.

Then there’s the ctrader platform, which is also a go-to platform for many traders. It’s actually an award-winning platform that comes in web, desktop, and mobile versions and has been designed specifically for ECN trading. This platform is known for its ability to deliver on fast order entry, direct order entry via charts, and great execution speeds, traders can also use cmirror, a mirror, and social trading application that works with all ctrader accounts.

Products

Tradersway allows traders to trade on products including:

Forex

Metals (gold and silver)

Energies (oil and gas)

Stock

Indices

Commodities

All MT4.FIX., MT4.VAR. And MT4.ECN. Accounts can trade all of the instruments listed above, and CT.ECN accounts are only able to trade forex and metals.

Tradersway demo accounts

There are 4 different types of demo accounts available.

Fixed spread

Floating spread

2 ECN accounts

Review training and education

There is a resources section at trader’s way, however, the training material is very limited. Traders can find an economic calendar, as well as market information and an FAQ area.

They also provide live forex traders webinars with a broker from monday to thursday where traders can review the market and discuss fundamental events, trading techniques, and trade setups in real-time (2). There’s usually a live Q&A session with a broker to review the session at the end of each webinar, and traders can review recorded live sessions on the youtube channel afterward.

Customer service

Traders that have left a review state that they are fairly happy with the level of customer service from this broker.

Tradersway customer service contact details

Frequently asked questions

Does tradersway allow US clients?

Yes tradersway does allow US clients. You have the option of US dollars, euros, british pounds and canadian dollars. You can decide on your preferred currency when opening an account;

Overall impression

Our overall review is that our experience with trader’s way US clients, was good but we have to admit, it could have been better. There is a desperate need for more educational material to capture the interest of newbie traders and enhance user experience. Plus, trader’s way isn’t regulated, meaning clients have no cover at all if and when something happens to the company.

Negatives aside, they do offer some excellent bonuses, such as the 100% deposit bonus limited by $5000 per account. There’s no minimum initial deposit required for commission-free accounts and traders can access the ECN environment for as little as $10. We also like that it supports the most popular trading platforms, MT4, and ctrader.

Trader’s way does appear to be a reliable and fair broker, but the fact that the broker isn’t regulated is a real disadvantage in our eyes. It also means that they might be just too much of a risk for heavy traders and anyone looking to invest excessively may want to stay away.

1 – zoominfo, retrieved from https://www.Zoominfo.Com/c/traders-way/347195065

2 – anna-louise jackson, forbes advisor, retrieved from https://www.Forbes.Com/advisor/investing/what-is-forex-trading

Looking for more information?

If you are looking for more information then take a look at broker choices.

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Regulators : –

Minimum deposit: –

($50 or $100 for ECN accounts)

Maximum leverage: 1:1000

(1:500 for etrader ECN account)

Spreads: high (for standard account)

My score: 4.6

Since you are reading this article now, I assume that you are interested in tradersway broker. In this tradersway review, I tried to my best to introduce the company to you. So let’s begin with the basics!

Tradersway is based in the commonwealth of dominica with the company name TW corp. Notice how this broker is headquartered in an off-shore island 73K population rather than big countries with sizeable population.

There are advantages and disadvantages of this, but we will cover the topic under license & regulation section of this tradersway review article.

Is tradersway scam or reliable? Which account types are more advantageous? Is tradersway minimum deposit and spreads low enough? What is the maximum leverage that you can trade with?

All you need to do is continue reading this tradersway review to get all the answers!

The website of trader’s way gets 478K visitors monthly. If you ask me, this is remarkable number of visitors. However, the firm seems to be focused having customers from a certain country, united states. Because 57% of their visitors to website come from this country.

The other countries who are in top 5 are united kingdom, south africa, canada and france. These countries make up additional 13% of the webite’s visitors.

Licenses & regulation

When it comes to forex trading, one of the most important criteria is whether the broker regulated. Unfortunately tradersway lacks regulation.

However, this alone doesn’t necessarily mean that the broker is scam. There are many positive customer feedbacks which can convince you to trade with the broker.

As you know, after the new measures of ESMA (european securities and markets authority), the brokers who are registered in the zone of ESMA, can’t offer a leverage rate over 1:30.

So having licenses by the watchdogs who are subject to ESMA, such as FCA, cysec doesn’t seem advantageous as before. So tradersway can be a firm that wants to offer high leverages to traders who likes to takes risk rather than being a scam broker!

However it doesn’t the change the fact that if tradersway had a license from FCA, your money would be 100% in safe.

Because FCA (financial conduct authority) guarantees your money up to £50,000. You see? This tradersway review provides you some useful additional information.

Account types & spreads

I like to start this section of tradersway review with demo account. I believe having an experience is important before real trading. So the broker offers you its demo account.

You can check their trading platforms and trading conditions with using tradersway demo account.

There are five different account types. You can compare the account types by the image below. But I first want to point out some details here. For standard accounts, there isn’t a minimum deposit requirement, it’s really good thing.

There is $100 minimum deposit requirement for the meta trader 4 ECN account and meta trader 5 ECN account. The minimum deposit requirement for etrader ECN account is $50.

For the standard account with fixed spread, the fixed spread value is quite high, 2 pips.

Do you want to risk money to earn more? Then 1:1000 leverage is for you. You can trade up to this leverage except the ctrader ECN account. In that account type the maximum leverage is 1:500.

Trading platforms

I will try to tell every platform offered by the broker in this part of tradersway review.

Meta trader 4 & meta trader 5

The broker offers wide range of platforms. It includes the forex industry’s standard software meta trader 4 and meta trader 5 platforms.

Moreover they have quickdeal 2.0 tool which adds market depth level 2 pricing and one-click features to MT4.

Another positive feature of tradersway is that traders can use MT5 platform. As you know, it’s the more developed and latest version of MT4. The new version of the platform can be used with multiple languages. Additionally there are more than 80 indicators which will guide you during trading.

Ctrader

In recent years, the popularity of ECN trading is increased. So if you think of trading ECN with the broker, you can use the ctrader platform as well. They are many pros of the platform. Millisecond execution speed is one of them. Pricing in level 2. Also you won’t experience conflict of interest.

Also ctrader enables you to use its platform as ctrader web in the browser of your computer. So you don’t need to install any software.

VPS hosting service

Have you ever heard of VPS service? It means virtual private server and it will ensure that trading executions to continue 24/7 even if your computer or phone is broker or you have no internet connection.

Bonus & promotion

Trader’s way gives you opportunity to enjoy 100% bonus on your deposit. What you need to do is making a deposit, then you should choose amount of the bonus.

Later the money will be transacted to your trading account. However there is an upper limit that you can get this type of bonus. You won’t be able to get a bonus more than $5,000.

Customer service

So we are at the final part of tradersway review. I really consider quality of customer service before deciding to trade with a broker.

I find their customer service employees are quite helpful and fast to fill the knowledge I haven’t got about the firm. You can either e-mail them for your questions or call them directly.

There is one more option that you can contact them, ‘live chat’. But in fact I am pretty sure that their service isn’t a live chat but another way to send an e-mail to the firm. Because after you send your message, the only thing you see is a ‘tick’ sign which indicates that your message has been sent.

But let’s back to positive side of their customer service again. They create content in 10 languages for their website. These are english, bahasa indonesian, bahasa malaysian, hindi, chinese, spanish, polish, persian, arabic and finally russian.

Conclusion

Tradersway is a broker that is hard to have a final conclusion. There are pros and cons of the broker and it’s hard to decide which side is stronger than other.

It’s a very popular broker in the USA but having no regulation is one of very important cons.

There are many different types of accounts. So I am quite sure you can find an account type that is attractive to you. But I find the spread value of standard account is quite high!

The abundance of trading platforms offered by the broker made me consider trading with this broker. As a trader who is experiencing power shortages often, I believe their VPS service is another con of the broker.

They even have a charming no deposit bonus.

So tell me, did you find this tradersway review helpful? Would you trade with this broker? Have you got any positive or negative experience with tradersway? Please share it with us by commenting below!

Traders way – forex broker rating and review 2021

status
	http://tradersway.Com/
regulation	not regulated
trading software	metatrader 4, web trader, mobile trader
headquartered	8 copthall, roseau valley, the commonwealth of dominica 00152

Trader’s way, a prime on-line FOREX and CFD broker, was established with the principle mission - to provide traders with the widest opportunities available on financial markets. We’ve collected the best products, technologies and services, so that the needs of every trader are fully satisfied. Under one broker, without losing time, you can find everything to trade the way you like, without boundaries and limits.

We offer you the widest range of possibilities for trading: 3 trading platforms - metatrader 4, webtrader, mobile applications 4 account types - MICRO and ECN, standard accounts with fixed and variable spreads 5 markets - FOREX, stock indices, metals, energies, commodities

High accuracy in prices, no restriction on trades, even on accounts with minimum deposits, and a wide choice of trading opportunities is the pillar of our business activity. It’s the beacon on our way to ensure our mission – to bring you maximum trading with maximum opportunities and freedom!

Traders way trading information

Traders way — latest reviews and comments 2021

Ridiculously high spread, my account was doing fine, they raised their 42 spread up to 4124 under 1 minute, also as a trader i have different brokers running, all the brokers XAUUSD spread are fine and running, but tradersway spread still at 223 and the pair appears as closed market, other brokers like hot forex and hugosway price are at 1878, and tradersway price is still closed at 1876. I have pictures of moves I've never seen before in any other broker, this broker definitely is a scam, we should let all traders know.

MCFX 28 october, 2020 reply

I had 3 trades open on my live account all executed at the same time same lot size 1.00 (BUY) at 6am PST. My profit was definitely $350 at the time and I was waiting for it to increase. But everything stopped suddenly and my profit was -$350. I refreshed my computer and also opened my tradingview account to see if my pairs have stopped, but to my surprise they were still going upward. My only option was to close out my profits because the platform for tradersway was stuck during my live session. This is the second strange things have happened to my account with tradersway. Therefore, do not add your money into this company because I feel as though these people are scammers. The only thing that works with this company is the demo account.

Ralph jones 1 october, 2020 reply

Tradersway is a ripoff, I took a 300 deposit to 17k and withdraw half, I had 3 winning trades opened at 500 profit and 9800 left in my tradersway account. Someone opened up crazy trades with outrageous lot sizes and wiped it down to 900. They say they don't have access to anyone accounts but its a lie. Im fighting to get my money back but im pretty sure it's not gone happen. Procced with caution.

Terrance 21 may, 2020 reply

Gain exclusive market-moving insights and take advantage of news-driven volatility with market buzz. Enjoy real-time coverage of 35,000+ FX pairs, commodities, indices, share cfds and cryptocurrencies. Follow the markets that are moving with market buzz when you trade live with vantage FX.

They are scammers. I had $33, I grew it to a point where by I maid $700. I made sure that my trades are close when few hours i go back to the market, my account is -$1.34. Please beware of these scammers, guys. Never ever use this broker and please share the bad experience with them!

Saziso shangase 2 april, 2020 reply

Hi guys, I just wanted to share my experience about this broker. Yesterday I took several of winning trades and my balance account was around 5000 $ with my profit secure, so I was satisfy and decided to go to bed and rest. When I woke up this morning I noticed my balance is only around 1300 $ I checked my trading history and I don't know how come but my wining trades from last night are all gone. So I contact the broker by messenger but the agent said they can't access to my trading history and to send an email to the support what I did. I even tried to call them but same answer from the agent over the phone. That just insane I hope it's just a mistake because otherwise it's just crazy. That happened this morning so I am waiting for them to getting back to my email. I will keep you up to date. Cheers

Mouhoub mebrouk 27 march, 2020 reply

Erick 10 april, 2020

They got me for 20K in january 2018.

Made every attempt to try and sign up with these guys, but just ended up wasting time with the horrible deposit options they offer for canadians. Support was pathetic, didn't even try to help. I wouldn't recommend wasting anytime with trader's way, they weren't interested in getting my business.

All was going good with this broker until now, I took a $50 dollar account to $2500 in 2 months with proper risk management and guess what happened? This broker blew up my entire account by making dozens of unauthorized trades not to mention they played with my spreads and would cancel many of my sell and buy orders, tradersway, like many other unregulated brokers hate traders that actually manage to make a decent profit in the market and make no mistake if you start a small account and grow it to quickly you will be shot down like I was, do not use this broker.

Derek 31 january, 2020 reply

Beware this broker if you regularly have open trades over the weekend or holidays. Spreads can go from a few points to 70+ and stop-out your account especially if you're highly leveraged or margined. Also be aware that they will trade for you sometimes and wipe your account out.

Zahed rustami 30 january, 2020 reply

I can attest to this. Was using tradersway when I held a swing trade over the weekend and come 5:00 sunday my entire account balance of $6000 was gone because of the spread manipulation

Pradipta 3 february, 2020

They close my pending orders before they're triggered. Don't take my word for it, see for yourself.

Tradersway deposits and withdrawal

Crown of dusk

Recruit

Been with tradersway for a few years but took a break from trading after blowing out one too many accounts. Now after returning to try once again I notice that the old options of using debit and credit cards are no longer available to use to fund my account. I only see third party services and after looking up reviews on these third party services such as upay, perfect money, fasapay, etc they don't seem very safe or credible. I'd like to just use a wire transfer from my bank but minimum amount, ($5,000) is far more than I have to trade with.

So, I'm wondering if they are any other traders who use tradersway and which option you use to fund your accounts. I'd like to know which is considered the safest and cheapest option for funding. Also when it comes time to withdraw profits will I have to stick with the third party option I funded with or would i be able to directly wire transfer to my bank account?

Fxmaster

Lt. Colonel

Tradersway

Tradersway representative

Hello, we do not know your country of residence, but we impose minimums on bank wires because we pay large fees for receiving, which we do not pass on to our clients. You can deposit using the vload option on our website which allows you to deposit by credit/debit card. 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. From there, you can withdraw profits using any method you choose.

Please see the funding options on our website for fees and details and explore the option you choose before using it to see what other fees or restrictions may exist on your side depending on your country, your bank's policies, etc.

Fxdailyreport.Com

Benefits of trading with small amounts and list of forex brokers with a low minimum deposit

While we would all love to have tons of money in our trading accounts, starting out with a small deposit is highly recommended to ensure you do not blow up your life savings. Trading with small amounts helps you hone your skills and prevent you from blowing up your account in the future. Other than the skill building aspect, there are also other advantages that come with trading with small amounts, including;

Experience is an important factor to consider when trading forex. Trading with small amounts allows you to gain experience while minimizing your losses. Once you have acquired enough experience, you can then proceed to use larger amounts to trade.

Trading small amounts is not just useful for novice traders. An experienced trader may also trade with small amounts when they want to try out a new trading strategy.

Reduce commissions

When trading small amounts, you are usually constricted to put the majority of your money into a single trade. This, however, helps you reduce commissions. Traders are usually more likely to be sloppy when you are going to be making 20 trades in a day. But when trading with small amounts forces traders to be more selective about the trades they take.

These traders are sure to take their time to find and trade with only the cleanest charts, with the best risk to reward. This also means they will be focusing more on perfecting their strategies as to being a jack of all trades and a master of none.

Better management of risk

When trading with a huge account, most traders usually end up using fuzzy math when evaluating risk, reward or prospective trades. This is because they are making many trades and the difference between a good risk and an almost acceptable one feels irrelevant. However, when you are trading with a small amount, you do not get room to fool around.

With a small amount, you are usually putting in all of your capital in a single trade. Hence, if you suffer a loss, it will have a significant impact on your account as a whole. Also, when dealing with a small account, your goal is towards a specific goal which is growing your accounts enough to be able to hold multiple positions at a go. Hence, any loss, no matter how small, feels like a real setback.

As a beginner trader, it is not unlikely that you will probably blow out your first account. Therefore, if you start with a small account, you will lose less, making it a smart business decision.

The trading market has a lot of information circulating every minute. This can become overwhelming, especially for a new trader who is watching a huge number of stocks, listening to the news, and trying to manage their position. This, in turn, can lead them into making bad trades, not trading anything or even having a breakdown.

One of the benefits of trading with small amounts is that you will only be managing one trade at a time. This helps remove a massive amount of stress, allowing you to focus on that particular trade. As a result, you grow accustomed to managing the stress and data of trading, allowing you to slowly increase your ability to manage more concurrent positions.

List of forex brokers with a low minimum deposits 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker

When you are just starting out trading, we highly recommend that you seek the services of reputable brokers. While low minimum deposit forex brokers seem attractive, you should be aware that many in the market are scammers. So make sure you trade with a regulated fx broker with a license. Here are our top 5 forex brokers with a low minimum deposit:

Financial brokerage services (FBS)

Tradersway review

Tradersway is an unregulated offshore forex broker that will appeal to the trader looking for a large choice of cryptocurrency deposit methods such as bitcoin, dash and litecoin. See our trader’s way review of this ECN broker for trading.

Tradersway – strengths and weaknesses

Tradersway review to assess whether this unregulated broker is legit or not and worth using

Tradersway major strengths

Choice of trading accounts – variable and ECN spreads

Most popular trading platforms – metatrader 4 and 5, ctrader

Low minimum deposits – open an account with $10

Highest level of leverage – trade with 1:1000

Large and unique range of funding methods

Regular promotions – 100% deposit bonus

Tradersway weaknesses

Poor spreads – wide spreads mean higher costs

Not a tier-1 regulated broker – questions of trust

High leverage – risk of big losses in A hurry

Questionable reputation – online feedback is poor

Limited choice of cfds – range of markets for trade is small

Our rating

The overall rating is based on review by our experts

Strength 1 – choice of trading accounts – variable and ECN spreads

One of the appeals of trader’s way is they have an account to suit all types of traders. Not too many brokers offer the clients a choice of each of the 2 types of trading spreads. Spread-only variable spreads (commission-free) and variable ECN pricing spreads.

This types of account are commonly called the “standard account” by other brokers. With this account, you get variable spreads with no commissions. In place of commission costs, trader’s way widens the spreads slightly so they can make a small profit on your trades. As this account has no commissions, it is popular with beginner traders who are looking for a more simple cost structure, as your costs are already included in the spread.
This type of account uses variable spreads, which means they are constantly changing depending on the liquidity for each currency pair. Spreads for EURUSD avg 1.4 pip, which is more than double the 0.5 pips MT4.ECN account offers.

When trading with this account, you must be using the metatrader 4 trading platform and you will not be able to trade cryptocurrencies.

MT4.ECN, MT5.ECN, CT.ECN:

The ECN trading account types use ECN/STP/DMA trading (the broker appears to use these terms interchangeably) to give connect you directly with liquidity providers so you can achieve the lowest spreads trader’s way offers. To keep spreads tight, the broker charges a commission fee of USD$3.00 to open your position and $3.00 to close your position. However, at times promotions with reduced commissions are offered (see strength 7). The ECN style low spread account is popular with scalping, high volume and robo-traders who will be looking to save on costs trading of large volumes can add up significantly.

With these accounts, you can choose metatrader 4, metatrader 5 or ctrader platforms and you can trade cryptocurrencies with the metatrader accounts.

Trader’s way trading conditions

Tradersway uses a no dealing desk (NDD) trading model with STP, DMA and ECN trading execution. This model gives traders the opportunity to be linked with various liquidity providers to get the best spreads. As trader’s way is not a market maker, they are not your counterparty and do not own any liquidity.

While straight through provider (STP), electronic communication network (ECN) and direct market access (DMA) are similar but different trading execution concepts, trader’s way appear to be using these terms interchangeably so it is not clear exactly which execution is being used. Nevertheless, each method connects traders with liquidity providers with no human intervention.

Conclusion choice of trading accounts:

With tradersway’s choices of trading accounts, forex traders will have the option to pick the best trading account that suits their trading style.

Strength 2 – most popular platforms – metatrader 4 and 5, ctrader

Trader’s way tradersway offer 3 of the most popular trading platforms found in the marketplace, giving forex traders the option to choose which platform they’d like to trade on.

Metatrader 4 and metatrader 5

Trader’s way offers metatrader 4 (MT4) with the MT4.Fix, MT4.Var, MT4.ECN accounts and metatrader 5 (MT5) with MT5.ECN accounts. If choosing MT4.Fix or MT4.Var, you will not be able to trade cryptocurrencies.

Released in 2005, metatrader 4 is the most popular trading platform worldwide. The trading platform is exceptionally popular with beginner traders (but also advanced traders) and those that only wish to trade forex for the following reasons:

An easy-to-use platform as it offers all the essential tools needed for successful trading with sufficient advanced tools without going overboard

Offers a clean and uncluttered trading interface so you can see and execute all the trading information you need without information overload

It is one of the most trusted platforms due to the fact it is one of the oldest and most developed platforms

It has the largest community of all platforms, which means you can find the support when you need it

It has one of the largest marketplaces which allows you to choose from a wealth of real-time signals and advisors

It uses 32-bit processing so is less resource intensive, which suits retail traders who may not have the resources to take advantage of 64-bit systems

It is specially designed for decentralised trading such as forex, which has no central exchange

Availability across several devices (desktop, browser and mobile apps (ios and android))

Free VPS hosting service with pre-installed MT4 software

Metatrader 5 was released in 2010 and is designed to offer a more comprehensive and powerful platform for trading across multiple assets. Despite being a superior platform than MT4, it is not yet as popular however there are good reasons traders should consider MT5 over MT4 platform.

Metaquotes have announced support and development of MT4 will be reduced going forward so it makes sense to start learning MT5 now rather than in future

More brokers will begin to offer MT5 in the future, giving you more options when choosing suitable brokers

Access to a greater choice of cfds such as shares, which require trading through a central exchange

MT5 offers all the features MT4 platform offers and more.

64-bit processing means faster, more reliable processing. Faster processing helps reduce the risk of slippage.

Regardless if you choose MT4 or MT5, you will be getting access to excellent platforms that offer all the features one needs to trade.

Below is a head-to-head comparison of the features of the platform:

Both platforms offer automated trading through expert advisors. While MT4 uses an order system, MT5 uses a positional system which can make automation with MT5 easier.

Looking at the comparisons, the main difference to note is that MT5 offers everything MT4 does and more:

MT5 offers more technical indicators which allow you to analyse past movements and anticipate future trends using annual reports and economic data. Indicators are useful as they help you identify future trading opportunities. MT5 offers 38 of these tools, increased from 33 on MT4.

Analytical tools offer a quantitative analysis, which means decisions can be made on pure data without the influence of emotion. MT5 offer 44 of these tools compared to 33 on MT4.

Timeframes are very useful tools, as currency pairs are constantly changing due to the sheer liquidity in the market. While basic timeframes such as weekly, daily, 4 hour and hourly will suffice for most traders, MT5 really allows traders to dig deep and isolate trends on micro-scale with greater 21 timeframe choices.

Ctrader

Ctrader is one of the most popular trading platforms among traders. The software offers a variety of charting tools with advanced order types, and most importantly, fast entry and execution of orders. It has a very user-friendly interface where it is connected to a back-end technology, with the software available on multiple devices.

What makes ctrader outperform both MT4/5 is that it has a modern design, advanced ordering plus market depth options (not found on MT4). Additionally, it offers calgo, allowing you to develop your trading software (cbots) or create your own indicators.

Additional software tools

Trader’s way offers social trading tools which can help your trading experience. Social trading is especially popular with beginner traders as they allow you to learn from and copy other successful traders, meaning there is no need to learn to forex trade yourself.

This social and auto trading platform offers a wealth of statistical and financial features in order to provide comprehensive analytical tools so users can get a detailed analysis of the trading systems they are using and statements. By providing a deep analysis of the trader’s statements, trading activities can be improvised.

Myfxbook autotrade

Myfxbook’s autotrade copy trading system allows you to copy from a large choice of systems directly into your metatrader trading account. This makes social copying simple and easy, as you can access all the analytical tools myfxbook offers which can be used to find the system that you plan to copy based on your desired criteria.

A strength of myfxbook’s is that it uses algorithms to eliminate poor-performing signals and prioritise only the best performing signals.

MT4 trading signals

MT4 signals is metatrader’s built-in solution for social trading. As this product is part of the trading platform, all you need to do is choose a signal provider and subscribe to their signals. Once subscribed, you can set up your filters so automatically copy the signals provider.

One of the benefits of choosing the metatrader social trading solution is the large community metatrader offers. This means you can choose from an infinite number of signals to follow, thus increasing the chances of finding someone that trades in a style that suits you.

Rating broker by platforms

We like tradersway platform offering. They offer three of 3 most popular generally available platforms on the market and a few social trading tools to further enhance your trading experience. If you’re looking for even more tools, then pepperstone or IC markets are good options. If you’re looking for a specialist platform with risk management features, then easymarkets may appeal.

Conclusion on most popular trading platforms:

Every forex trader prefers a specified trading platform. Tradersway offers the most popular platforms which facilitate trading and analysis. In forex trading, MT4 is still the most used platform among traders since its release in 2005.

Strength 3 – low minimum deposit – open accounts with $10

Most forex brokers require a minimum deposit of $200 to open a live account. Tradersway allows you to start trading with as little as $10.

While you will definitely benefit by investing larger amounts when trading as this presents more opportunities for greater returns, in some circumstances, traders may wish to open an account with minimal amounts. Reasons could include:

The trader wishes to practice trading with a minimum amount. While a better option to this would be a demo account, some trader may prefer to use a small amount of their own money.

You want to trade in nano or mini lots. While it can be hard to get big profits trading with very small amounts, leverage of 1:1000 can help you increase your profits.

You need to open an account before you can transfer funds to use for trading

Although trader’s way has low minimum deposits, it is worth noting the broker does encourage larger initial deposits through their bonus program. The table below compares the minimum deposits with other notable brokers. If you are a serious trader seeking greater earning potential, then you will end up depositing larger amounts of funds inevitably so there are brokers with reasonably larger minimum deposits such as IC markets should not be discounted. Saxo markets have very high minimum deposits, as they are likely targeting semi-professional traders.

USD
trader's way	$10 MT4.ECN $100 MT5.ECN
IC markets	$200
pepperstone	$200
axitrader	$0
CMC markets	$0
IG group	$300
thinkmarkets	$0
FXCM	$50
FXTM	$10
swissquote	$1,000
saxo markets	$10,000

By not requiring a minimum deposit, tradersway is giving the chance for small retail traders and beginners to have the chance to be one of the participants in the financial market.

Strength 4 – highest level of leverage – trade with 1:1000

Tradersway allow leverage of up to 1:1000 for each of its metatrader accounts and 1:500 for its ctrader account. Trader’s way uses tiered leverage with the maximum allowable leverage reduced the more you trade.

Metatrader balance	metatrader leverage	ctrader balance	ctrader leverage
less than 50,000	1:1000	less than 50,000	1:500
50,00- to 50,000	1:500	10,00- to 50,000	1:200
50,000 to 60,000	1:400	50,000 and above	1:100
60,000 to 70,000	1:300
70,000 to 80,000	1:200
80,000 to 100,000	1:150
100,000 and above	1:100

What high leverage means for traders

Leverage of 1:1000 gives the trader the ability to borrow $1000 for each $1 deposited (in case the account is in US dollars) when trading the forex market.

Using high leverage can assist traders to greatly increase the amounts of profit they can achieve while committing only a small amount of their own money. Should you trade with high leverage, be aware you can also increase your risks of large losses if the currency pairs moved against you.

With up to 1:1000 leverage available to its customers, tradersway offer far more than a regulated broker will offer. ASIC allows brokers operating in australia to offer up to 1:500, while financial authorities in europe such as the FCA, cysec and bafin allow 1:30 for major currency pairs and 20:1 for minor currency pairs.

Trader’s way policy of reducing maximum leverage the more you trade can be seen as a somewhat sensible policy, as losses with large investments using 1:1000 can lead to crippling financial losses.

Strength 5 – large and unique range of deposits

Tradersway gives its clients a wide range of payment types for deposits and withdrawals, including options not commonly found with most other brokers. Traders looking to fund their account anonymously may appreciate vload, abba, and cryptocurrency options.

Credit cards and debit cards deposits and withdrawals

Trader’s way does not accept credit or debit cards for funding, instead, they provide 3rd party platforms to facilitate payment with visa, mastercard and other bank cards. Tradersway does not charge any fees however the 3rd party provider will have fees as the back end.

Vload is a voucher system where one can transfer funds and then use a pin to place the vouchers funds into a trader’s way account. Withdrawals fees are 5.5%

Abba is a mobile platform that will accept funds from credit and debit cards, bankwire and even cryptocurrency from where one can transfer their funds to their trader’s way account. Withdrawal fees with cards range from 4-8%

Cryptocurrency deposits and withdrawals

Funding with cryptocurrency is becoming increasingly popular due to the speed one can make deposits and withdrawals and the anonymity that these funding methods allow. With cryptocurrency, traders don’t need to worry about funding red tape that may be associated with traditional methods.

Trader’s way also accepts a large range of funding via cryptocurrency. Cryptocurrencies accepted include bitcoin, litecoin, ripple, ether, USD coin, tether and trueusd. You will need to purchase the coins via a cryptocurrency exchange such as coinbase and then transfer the coins to your trader’s way account.

While trader’s way does not charge any fees, the cryptocurrency network will have their own charges, which usually apply when you make a withdrawal.

Ewallets / digital wallets

If you prefer to fund your accounts via the web, then you have a range of options. These include skrill, perfect money, fasapay and NETELLER. Use of these services will incur charges from the provider.

Below is a summary of the available options provided by tradersway.

Methods of payments	comments
credit/debit cards via vload	1. Cash voucher system for online payments 2. Only EUR and USD 3. Min/max withdrawal 100/5000 per transaction 5. 5% fee from vload
wire transfer
bank transfer (abra)	1. Deposits can be made with A. Bank transfer (0-0.25% fee) B. Credit/debit cards (4-8% fee) C. BTC, BCH,LTC (cryptocurrency network fees)
cryptocurrency options
bitcoin	1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
ether	1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
litecoin	1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
ripple	1. No min/max transactions 2. 20 XRP fee for deposits lower than 1000 XRP 3. Rippled network fees to withdrawl
USD coin (USDC)	1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
tether (USDT)	1. USDT only accepted on ethereum network (ERC20 protocol) not omni version 1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
trueusd (TUSD)	1. No min/max transactions 2. No commissions for deposits 3. Bitcoin network charges fees to withdrawal
digital wallets, ewallets
skrill	1. Minimum $10 for withdrawals 2. 1.9% fee for deposits 3. 1% fee for withdrawals
NETELLER	1. 1% fee for withdrawals
perfect money	1. 1% fee for withdrawals
fasapay	1. 2.9% fee for deposits 2. No withdrawal fees

Strength 6 – regular promotions – 100% deposit bonus

Tradersway is generous when it comes to bonuses. This forex broker offers a 100% bonus credit on your initial deposit to use for trading. That means you have double the funds available for trading.

Weakness 1 – poor spreads – wide spreads mean higher costs

Our review of tradersway’s spreads by our analysts shows that they are quite wide when compared to similar brokers. Wider spreads mean higher costs. Scalpers especially will want to trade with a broker with tight spreads due to the high volume of trades they will perform.

Tradersway charges an average spread of 0.5 pips for EUR/USD (ECN accounts) which means each time you open and close a trade you will pay USD$5. With a cost of $10 in total to exit your position, this can be expensive when trading with many lots.

Our table below shows how trader’s way spreads compare with other brokers.

No commission spreads

Trader’s way has an average of 0.5 pips EURUSD for commission spreads. This contrasts with some other brokers like pepperstone and IC markets who average around 0.1 pips. To open and close with trader’s way you will pay $10 on average while to open and close pepperstone and IC markets you could pay as little as 0.20 pips on average, equating to $2.00. This means you will save $8.00 for each standard lot you trade. If you are trading with high leverage, regularly this cost difference can be significant.

Trader’s way review

General overview

Background

Tradersway review regulation and security

Tradersway account types

The four main trading account types available from trader’s way include:

FIX. – this is a standard account with fixed spreads that enables traders to trade on the metatrader 4 (MT4) platform. There is no minimum deposit or balance amount, no commission and traders are given 1:1000 leverage.

VAR. – again, this is a standard account for access to the MT4 platform but with variable spreads. It’s ideal for traders wanting to learn to trade without high risk and without commission. There is also no minimum deposit or balance amount and includes leverage of up to 1:1000.

ECN – this is a metatrader 4 ECN account with tight variable spreads and commission. It comes with a leverage of 1:1000 and requires a minimum deposit of $100.

ECN – rather than the MT4 platform, this account with tight variable spreads and commission provides traders access to the interbank market through the ctrader platform. It comes with high leverage of up to 1:500, and traders will need to pay a $50 deposit to open.

Before signing up for a live account, traders can assess the quality of services on offer and learn how the different accounts work by opening a demo one and getting a tradersway login for free.

Tradersway commission and fees

There is no charge for inactive accounts.

Tradersway minimum deposit

The minimum deposit is only $10 for ECN accounts.

Payment systems

All tradersway deposits and withdrawals can be done with these payment options:

Credit card /debit cards via vload

Wire transfer

Bank transfer (abra)

Bitcoin

Ether

Litecoin

Ripple

USD coin (USDC)

Tether (USDT)

Trueusd (TUSD)

Skrill

NETELLER

Perfect money

Fasapay

These payment options are all subject to local regulations. If a currency conversion needs to be completed for deposit or withdrawal, it is subject to a 1.5% fee from trader’s way.

Tradersway trading platforms

Products

Tradersway allows traders to trade on products including:

Forex

Metals (gold and silver)

Energies (oil and gas)

Stock

Indices

Commodities

All MT4.FIX., MT4.VAR. And MT4.ECN. Accounts can trade all of the instruments listed above, and CT.ECN accounts are only able to trade forex and metals.

Tradersway demo accounts

There are 4 different types of demo accounts available.

Fixed spread

Floating spread

2 ECN accounts

Review training and education

There is a resources section at trader’s way, however, the training material is very limited. Traders can find an economic calendar, as well as market information and an FAQ area.

Customer service

Traders that have left a review state that they are fairly happy with the level of customer service from this broker.

Tradersway customer service contact details

Frequently asked questions

Does tradersway allow US clients?

Yes tradersway does allow US clients. You have the option of US dollars, euros, british pounds and canadian dollars. You can decide on your preferred currency when opening an account;

Overall impression

1 – zoominfo, retrieved from https://www.Zoominfo.Com/c/traders-way/347195065

2 – anna-louise jackson, forbes advisor, retrieved from https://www.Forbes.Com/advisor/investing/what-is-forex-trading

Looking for more information?

If you are looking for more information then take a look at broker choices.

Traders way – forex broker rating and review 2021

status
	http://tradersway.Com/
regulation	not regulated
trading software	metatrader 4, web trader, mobile trader
headquartered	8 copthall, roseau valley, the commonwealth of dominica 00152

Traders way trading information

Traders way — latest reviews and comments 2021

MCFX 28 october, 2020 reply

Ralph jones 1 october, 2020 reply

Terrance 21 may, 2020 reply

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Saziso shangase 2 april, 2020 reply

Mouhoub mebrouk 27 march, 2020 reply

Erick 10 april, 2020

They got me for 20K in january 2018.

Derek 31 january, 2020 reply

Zahed rustami 30 january, 2020 reply

I can attest to this. Was using tradersway when I held a swing trade over the weekend and come 5:00 sunday my entire account balance of $6000 was gone because of the spread manipulation

Pradipta 3 february, 2020

They close my pending orders before they're triggered. Don't take my word for it, see for yourself.

So, let's see, what was the most valuable thing of this article: open to US residents trader’s way specializes in forex and CFD trading options and attracts many traders every day. At tradersway minimum deposit