Trader's Way Review 2024


1.3 / 5
Trader's Way is #108 in our CFD broker rankings.

Trader's Way is best for traders interested in social investing with a low starting deposit and crypto funding solutions.

- Daytrading Review Team

Trader's Way is an offshore broker offering highly leveraged trading on dozens of forex pairs as well as cryptocurrencies and commodities through the MetaTrader 4, MetaTrader 5 and cTrader platforms. The broker has a decade of experience serving retail traders and provides 24/7 customer support.

$10
MT4, MT5, cTrader
Forex, cryptocurrencies, commodities
100% deposit bonus up to $5,000
Perfect Money, Visa, Mastercard, Credit Card, Wire Transfer, Skrill, Neteller, FasaPay, Bitcoin Payments, PayRedeem, Ethereum Payments

Forex Trading

42 forex pairs are available on three powerful trading platforms, including MT4 and MT5. The broker offers some of the highest leverage we have seen up to 1:1000, alongside competitive spreads from 0.5 pips on majors like the EUR/USD.

CFD Trading

CFDs are available on metals, energies and cryptocurrency pairs with flexible leverage, NDD/STP execution and no strategy restrictions. On the negative front, the selection of commodities is limited and market research trails the best brokers.

Crypto Trading

Traders can access nine crypto pairs including BTC/USD, ETH/USD and XRP/USD with leverage up to 1:20. However the selection is narrower than many rivals.

Copy Trading

Use market signals from experienced traders to start copy trading alongside established investors. cTrader in particular offers an easy way to start mirroring the strategies of other users.

✓ Pros

  • Tight spreads starting from zero and low commissions
  • Good selection of trading platforms including MT4
  • Social trading with MetaQuotes and FxStat
  • Decent range of 40+ currency pairs
  • Low deposit of $10 for beginners
  • High leverage up to 1:1000
  • VPS for active traders
  • Free demo account

✗ Cons

  • Legal disputes under the State of Missouri
  • Unregulated status raises safety concerns
  • Lack of educational materials
  • Limited non-FX instruments
  • Complaints about payments
  • No US or UK clients accepted
  • Stock trading not available

Trader’s Way is an online ECN broker based in Dominica. The brokerage offers 50 instruments across the MT4, MT5 and cTrader platforms. This review covers, spreads, commissions, the login process and demo accounts. Find out whether you should open an account with Trader’s Way.

Trader’s Way Headlines

The brokerage was established in 2011 and is headquartered in Dominica. TradersWay offers an ECN and VAR model on its accounts and clients can trade with three leading desktop and mobile platforms.

Currently, the brokerage is not regulated but is registered as TW Corp. under the Commonwealth of Dominica. Accounts can be opened from multiple countries like India, China and Canada, but US and UK clients are not accepted.

Trading Platforms

TradersWay clients can download the MT4, MT5 and cTrader platforms.

MetaTrader 4

MT4 is an industry-leading platform that allows users to trade in markets with impressive analytical tools. The terminal comes with 9 timeframes, 50 built-in technical indicators, one-click trading, among other features. Once traders have opened an account, they can access the MT4 portal with their login details.

Trader’s Way have added ECN trading to the platform that allows clients to connect directly to the interbank market.

Trader's Way MetaTrader 4 platform
Trader’s Way MetaTrader 4 platform

MT4 is available on Windows, MetaTrader Web Terminal, iOS and Android. A macOS version is available using compatibility layer tools i.e. Wine.

MetaTrader 5

MT5 is a multi-asset platform that offers advanced financial trading functions. The multi-lingual platform offers 80 built-in indicators, up to 100 charts, 21 time-frames, advanced Market Depth feature, and one-click trading. Stop-loss and take-profit orders can also be used to secure profits and minimise losses. In addition, the platform allows for signal trading and hedging.

MT5 is available on Windows, MetaTrader Web Terminal, iOS and Android. A macOS version is available using compatibility layer tools i.e. Wine.

Trader's Way MetaTrader 5 platform
Trader’s Way MetaTrader 5 platform

cTrader

TradersWay clients can experience the full power of ECN trading, which cTrader is specifically designed for. The platform takes advantage of fast entry and execution, level II pricing, direct access to liquidity providers, enhanced charting and one-click functionality. cTrader takes away any dealing desk intervention to guarantee a level trading field.

Trader's Way cTrader platform
Trader’s Way cTrader platform

cTrader is available on Windows, Mac, Android and iOS.

Markets

Clients can trade with up to 50 assets across forex, metals and oil and cryptocurrencies. However, indices and stocks, such as the US30, are not available.

Note instruments vary across each account type. To see the specific assets available on each account, visit the trading conditions page.

Trading Fees

Spreads are variable across all four account types. Spreads start from 0 pips, apart from MT4.VAR, which starts at 0.7 pips. Typical spreads on EURUSD and GBPUSD are 0.5.

The MT4.VAR account is commission-free as it’s already included in the spread, whilst other ECN accounts charge a small commission. MT4.ECN & MT5.ECN require $25 per $1 million turnover and $3 per $100,000 turnover on CT.ECN. Trader’s Way offers cashback on commissions depending on monthly trading volumes.

Users can see swap rates on the MetaTrader trading terminal by visiting Market Watch > Specifications. Swap rates on CT.ECN accounts can be viewed on the broker’s website.

TradersWay Leverage

Maximum leverage of up to 1:1000 is available for clients on the MT4.ECN, MT4.VAR and MT5.ECN accounts. CT.ECN clients are offered 1:500. The margin is 0.1% of the volume of opened positions. Note margin calls can occur quickly even if there are sufficient funds in accounts. A useful margin calculator is accessible on the company website.

Mobile App

Traders Way does not offer a proprietary mobile app. However, MetaTrader mobile apps still offer the same functionalities, forex technical analysis tools and they also come with excellent customer reviews. Thus, you can easily access financial markets and trade from anywhere.

Trader's Way MetaTrader mobile app
TradersWay MetaTrader mobile app

MetaTrader mobile apps, APK and iOS, can be downloaded on the App Store or Google Play.

Deposits & Withdrawals

In order to make a transaction, TradersWay members have to log in to the Private Office and choose the preferred payment method. Deposits can be made in USD, EUR, CAD and GBP and processing times vary:

Depending on the payment method, clients are subject to variable fees. Payment requests are processed within 48 hours. All withdrawals up to the total deposited amount must be made using the same payment option. The rest can be withdrawn using any payment method.

Demo Account Review

Traders Way offers a free demo account, which offers similar trading conditions to real accounts. Users simply have to visit the registration page, and once you choose an account type, log in to the demo portal. Trial accounts come with fixed or floating spread options. No real-money deposits are needed to open a demo account.

TradersWay Bonuses

Trader’s Way offers a 100% deposit bonus scheme. Members simply need to make a deposit in Private Office and choose the bonus amount, which will automatically be credited into the account on a daily trading volume basis. The deposit bonus is limited to $5,000 per account and is only available on MT4.VAR and MT4. ECN accounts.

The bonus cannot be withdrawn, and simply acts as a cashback or rebate on a portion of commissions. Please be aware of the terms and conditions before claiming any bonuses.

Regulation

TradersWay is unregulated which is a concern as the legal protections afforded to clients will be limited. With that said, the broker is legally registered with the Commonwealth of Dominica as TW Corp. under company number 15690.

Note the broker did receive a cease and desist order by the US State of Missouri in 2016. The broker was alleged to be conducting unlawful business by offering the unregistered purchases of binary options to Missouri residents. Their website made deceptive claims that didn’t disclose its ability to sell binary option contracts. Currently, Missouri investors are prohibited from accessing TradersWay services.

Additional Features

Trader's Way economic trading calendar
Trader’s Way economic trading calendar

Live Account Types

To sign up with Trader’s Way, you can simply open a live account under the menu bar on the website. The verification process requires you to provide supporting ID documentation. All accounts require a minimum deposit of $10. The broker offers 3 ECN accounts and 1 standard MT4 account:

Trading Hours

Trading hours coincide with many of the global financial markets, which are dependent on time zones. Opening hours on forex and commodities markets are 24/5 from Monday to Friday. Trading hours on cryptocurrencies are 24/7. Specific trading hours for each market can also be viewed under Trading Sessions on the broker’s website.

Customer Support

The broker’s back office customer support team are on-hand via the following channels should you encounter any issues with the trading platform not working i.e. the server being down or any off quotes error messages.

The team can be contacted via the “Let’s Chat” box. Alternatively, you can contact customer service on the telephone at +1 849 9370815. A variety of emails regarding specific queries are also available:

All inquiries are processed within 24 hours on business days. Customer support can help if you want to delete an account or deposit funds. Note the team cannot advise on trading taxes.

Trader’s Way is registered at TW Corp., 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica.

Security

As Trader’s Way is unregulated, the broker is not subject to strict standards by regulatory bodies. The broker claims to employ AML and KYC policies to prevent money laundering and inappropriate use of funds. Client funds and company money are also said to be segregated.

Trader’s Way does not offer negative balance protection. Customers are not protected from any losses bigger than their original investments.

Trader’s Way Verdict

The forex broker offers competitive spreads with generous leverage and account options that will suit varying skill levels. Unfortunately some negative online reviews do flag scam warnings and the lack of regulatory oversight is a concern. With that in mind, we’d recommend looking at other brokers before opening an account.

Top 3 Alternatives to Trader’s Way

Compare Trader’s Way with the top 3 similar brokers that accept traders from your location.

  1. BlackBull Markets – BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker’s ECN accounts.
    Go to BlackBull Markets
  2. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  3. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets

Trader’s Way Comparison Table

Compare Trader’s Way With Similar Brokers
Trader’s Way BlackBull Markets AvaTrade IC Markets
Rating 1.3 3.7 4.9 4.8
Markets Forex, cryptocurrencies, commodities Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $0 $200
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FMA, FSA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM ASIC, CySEC, FSA
Bonus 100% deposit bonus up to $5,000
Education No Yes Yes Yes
Platforms MT4, MT5, cTrader MT4, MT5, cTrader, TradingView, AutoChartist WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Leverage 1:1000 1:500 1:30 (Retail) 1:400 (Pro) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Payment Methods 11 10 13 14
Visit Visit Visit Visit Visit
Review BlackBull Markets
Review
AvaTrade
Review
IC Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by Trader’s Way and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trader’s Way Trading Instruments
Trader’s Way BlackBull Markets AvaTrade IC Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks No Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes No
Silver Yes Yes Yes Yes
Corn No Yes Yes Yes
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No No Yes No
ETFs No No Yes Yes
Bonds No No Yes Yes
Warrants No No No No
Spreadbetting No No Yes No
Volatility Index No No Yes Yes

Trader’s Way vs Other Brokers

Compare Trader’s Way with any other broker by selecting the other broker below.

 

Customer Reviews

There are no customer reviews of Trader's Way yet, will you be the first to help fellow traders decide if they should trade with Trader's Way or not?

Submit Your Own Review of Trader's Way

If you have experience trading with Trader's Way please share your personal review of the broker and what you think are strong and weak points. Thank you.

Visit
Trader's Way is an offshore broker offering highly leveraged trading on dozens of forex pairs as well as cryptocurrencies and commodities through the MetaTrader 4, MetaTrader 5 and cTrader platforms. The broker has a decade of experience serving retail traders and provides 24/7 customer support.

FAQ

Is Trader’s Way regulated?

Trader’s Way is unregulated but registered as TW Corp with the Commonwealth of Dominica under company number 15690.

Does Trader’s Way offer a demo account?

Yes, users can open a free demo account and practice trading strategies without risking real money. Sign up on the broker’s homepage.

How much capital do I need to trade with Trader’s Way?

A small minimum deposit of $10 is required on all accounts. This is a low entry requirement and good news for beginners.

Is Trader’s Way a good broker?

Trader’s Way offers competitive spreads on leading pairs. However, withdrawal reviews from customers have warned against trading with this broker.

Is Trader’s Way a trustworthy broker?

As an unregulated broker, Trader’s Way is not subject to strict standards under regulatory bodies. However, it claims that client funds and company money are kept separately and that it abides by AML and KYC policies. Despite this, we do not deem the broker to be trustworthy given the poor customer reviews.