Trader's Way

3.4

Rating

3.4/5

Pros

  • Both MT4 and cTrader platforms
  • CFD on bitcoin

Cons

  • Only metals and forex available on cTrader
  • Lack of regulatory status
  • Offers just three CFDs besides forex pairs

Trader’s Way (TW Corp) has been created this season and is currently domiciled in the Commonwealth of Dominica. It delivers the MetaTrader along with cTrader package of programs, and societal backup trading via FxStat along with MyFXBook.

The most recent offering from Trader’s Way comprises the MT5 platform also cryptocurrency CFD trading on MT4 established in 2018, along with several dozen forex trading currencies.

Is Trader’s Way Safe?

Trader’s Way is considered insecure, using an overall Trust Score of 68 out of 99. Trader’s Way isn’t publicly traded and doesn’t operate a bank account. Trader’s Way is authorised by no tier 1 authorities (high trust), zero tier 2 regulators (average hope ), along with anti Tier 3 regulators (low confidence ). Discover More about Trust Score.

Regulations Comparison

Feature Trader’s Way
Year Founded 2010
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 0
Tier-2 Licenses 0
Tier-3 Licenses 0
Trust Score 68

Offering of Investments

This table outlines the various investment services and products readily available to Trader’s Way customers.

Feature Trader’s Way
Forex: Spot Trading Yes
Currency Pairs 40
CFDs – Total Offered 3
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions and Fees

Trader’s Way offers four accounts types for your own MT4 platform, which range from adjusted spread to varying spread pricing, in addition to a crypto accounts which makes it possible for customers to deposit Bitcoin. Additionally there is a merchant accounts specializing in its newly published MT5 platform that. The broker now offers the CT.ECN accounts fully for utilization with the cTrader platform.

To the broker’s adjusted propagate offering, Trader’s Way listings a 2-pip disperse, that will be high priced in accordance with brokers with sub-pip prices. Additional to the MT4.Var accounts offering, at which spreads have been changeable, the broker lists a mean spread of 1.4 pips to its EUR/USD, where as about the MT4.ecn accounts that the broker lists a mean spread of 0.5 pips to get precisely the exact same money set.

Feature Trader’s Way
Minimum Initial Deposit $10.00
Average Spread EUR/USD 1.40
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts Yes

Research

Trader’s Way offers FxWirePro because of its own live forex news on the MT4 platform, along with an economical calendar which can be found on its own site, whereas the broker supplies FxStat along with myFXbook for visitors to get trading opportunities which will be mechanically copied (i.e., backup trading).

The broker now offers weekly webinars. Otherwise, research at Trader’s Way is very light, as little can be found beyond several basics.

Feature Trader’s Way
Daily Market News No
Forex News Yes
Weekly Webinars No
AutoChartist No
Trading Central No
Delkos Research No
Social Trading / Copy-Trading Yes
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Platforms & Tools

Trader’s Way is primarily a MetaTrader broker, offering the package of programs out of MetaQuotes Software Corporation, for example, MT4 and MT5 platforms. See our MetaTrader guide to understand more.

While MT4 and MT5 come conventional, with minimal variation in functionality from broker to broker, there might be significant gaps in the way in which a platform is placed up for trading spreads and spreads, implementation, and also other applications, features, and administrative locations.

Trader’s Way additionally started cTrader and the affiliated package of retail trading programs out of Spotware Systems, for example, cAlgo platform. To find out more regarding cTrader, browse on our cTrader guide.

Feature Trader’s Way
Demo Trading Yes
Proprietary Platform Yes
Desktop Platform Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader Yes
Charting – Indicators / Studies 51
Charting – Drawing Tools 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Mobile Trading

Trader’s Way provides mobile trading iOS along with Android mobile trading software such as the MetaTrader along with cTrader platforms, now available directly from the various developers available on the iTunes Store and Google Play. To find out more regarding MT4, browse our guide on MetaTrader, also for Spotware Systems browse our guide to cTrader.

Feature Trader’s Way
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing Yes
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave Yes
Forex Calendar No

Other Notes

Trader’s Way introduced cryptocurrency CFD trading on Bitcoin (BTC) at 2018, with leverage of as much as 2:1. It provides traders the option of depositing physiological BTC or ripple (XRP) in their margin account.

Final Thoughts

While Trader’s Way offers two hot stage suites, for example MetaTrader along with cTrader, the broker’s shortage of regulatory permits weighs back on its trust score, even as clients aren’t given the security to be licensed at an important or emerging regulatory heart.

We’d love to see Trader’s Way develop a permit in an emerging or significant authority to help win clients’ trust, along with its overseas offering from the island nation of Dominica. Until that time, the broker remains a bad option for traders searching the trustworthiness on average related to brokers who willingly submit for licensing, along with people that do therefore under mandatory mandates.