TradersWay Review

Overall, Tradersway is considered low-risk and can be summarised as a trustworthy and reliable broker. Tradersway offers a low minimum deposit of $10. Tradersway offers a total of 11 customer-supported languages making it a diverse broker.

Tradersway at a glance

Overall Rating

• 3.5/5

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OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Tradersway Review Revealed –  22 Key Point Quick Overview

1. ✅Tradersway at a glance
2. ✅Who is Tradersway?
3. ✅Tradersway Safe or a Scam?
4. Tradersway Sign-up Bonus
5. Tradersway Referral Bonus
6. Tradersway Minimum Deposit
7. Tradersway Account Types
8. Tradersway Account Features
9. How to Open a Tradersway Trading Account – Step by Step
10. Tradersway Demo Account
11. The Tradersway Islamic Account
12. Tradersway Fees and Spreads
13. Tradersway Deposit and Withdrawal methods
14. Tradersway Trading Platforms
15. Tradersway vs Traders Trust vs Rakuten Securities
16. Tradersway Top Countries by Similar Web
17. Tradersway Current Popularity Trends
18. Tradersway Review Pros and Cons
19. Tradersway Customer Reviews
20. Conclusion
21. Disclaimer
22. Frequently Asked Questions

Who is Tradersway?

According to research in South Africa, TradersWay is a market maker, ECN, and STP broker which has been in operation since 2011, with headquarters in Dominica.

Tradersway is a forex broker in Dominica, which aims to provide traders with the widest trading opportunities available on the financial markets. Tradersway provides all types of traders the experience of a wide range of trading tools, tradable products, and good trading conditions.

Tradersway’s minimum deposit is only $10, which is equivalent to 170 ZAR. Tradersway also provides practice accounts to help you get started before opening a live Forex account. Depositing and withdrawing money is quite simple and quick. additionally, Tradersway offers four account types – MICRO and ECN Standard accounts with fixed (FIX) and variable (VAR) spread as well as four trading platforms – MetaTrader 4, MetaTrader 5, WebTrader and Mobile applications, to use.

Five classes of market instruments can be traded: FOREX, Stock indices, Metals, Energies, and Commodities. Trader’s Way is a no-dealing desk/STP Forex broker which provides traders with a range of interesting trading opportunities. When signing up with Tradersway, a client can claim a deposit bonus, although this is the only promotion offered.

All in all, Tradersway is not properly regulated especially since the broker also does not require any documentation to open an account. Tradersway offers both fixed and variable spreads on their standard accounts and offers ECN and micro account options.

Tradersway Safe or a Scam?

TradersWay is not regulated, although it is a legally registered broker in Dominica under the name TW Corp. Although there is a lack of regulation, TradersWay claims to keep client funds in segregated accounts, separate from the company’s funds.

The purpose of regulatory entities is to ensure that safety measures such as these are in place amidst a long list of other requirements and obligations that are enforced by these entities. Without such, there is no guarantee that client funds are safe. However, TradersWay does make provision in having both Anti-money laundering, or AML, and Know Your Client, or KYC, procedures in place.

Tradersway Sign-up Bonus

Tradersway offers trading opportunities by providing you with a 100% bonus when you register a real account and fund the account. You only need to make a deposit, choose the welcome bonus amount and it will be credited to your trading account. Brokers usually offer this kind of bonus to new traders to draw more customers and encourage trading activities.

Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit. All in all, Even if a trader does not receive any no deposit bonus, or other rewards, trading conditions are still attractive enough to encourage traders to register a real account. Demo accounts are not eligible where such bonuses are concerned.

Tradersway Referral Bonus

Tradersway offers traders the opportunity to earn benefits each time that a trader refers a friend or family member to register a real account. In such a case, the trader, and the person they refer would receive some benefits for every referral.

Additionally, the referral must register a real account using the unique referral link which makes both the trader and the referral eligible to receive a benefit once the referral has met the full conditions. Traders who wish to partake in such promotions should follow the prescribed steps.

Tradersway Minimum Deposit

Tradersway has no minimum deposit requirement, so a trader can theoretically open an account with only $10. This minimum deposit depends on you, except for ECN accounts where the minimum deposit is just $10.

This minimum deposit amount was equivalent to  ZAR 170 respectively, at the average exchange rate between the US Dollar and the South African Rand at the time of writing.

Tradersway Account Types

Altogether, Tradersway offers its clients 4 different account types – Standard accounts and ECN accounts on both MT4, MT5, and cTrader platforms as well as the option to open an Islamic Account. No minimum deposit is required to open, a trader can start with as little as $10/170 ZAR.

Tradersway Account Features

MT4 VAR  Account

The Trader’s Way MT4.VAR. the account is a unique account on the MetaTrader 4 trading platform that combines some of the best features of real-market ECN trading with tight floating spreads and no-commission standard account trading with a small initial deposit

ECN MT4 Accounts

The advantage of the ECN (Electronic Communication Network) accounts is an electronic transaction system of purchase and sale created to eliminate intermediaries from the trading process and connects brokers and traders directly. The ECN system is similar to a stock exchange, but allows traders to make transactions themselves, with the following advantages:

MT5 ECN Account

The Trader’s Way MT5.ECN. the account is a unique account that provides you with direct access to the interbank market through the MetaTrader 5 platform, the next-generation trading terminal, and the successor of MetaTrader 4, providing traders with access to a range of financial markets, such as Forex, CFD, Futures, and Cryptocurrencies.

CT ECN Account

The Trader’s Way CT.ECN. the account is a unique account that provides you with direct access to the interbank market through the most innovative, user-friendly cTrader trading platform, designed especially for STP/ECN trading.

How to Open a Tradersway Trading Account – Step by Step

Follow these steps to open a Tradersway Trading account:

 Step 1 – Go to the Tradersway official website

Click on the Private Office button at the top of the landing page.

Step 2 –Tradersway Private Office

Select new account registration and click on “open account now” to begin the Tradersway account registration process.

Step 3 –Tradersway Account Registration

You will be redirected to an online registration page. Provide your details, including your full name, email address, and country of residence

Step 4 –  Select Account Type and currency

To complete the registration process select the type of  Tradersway trading account you would like to open as well as the desired currency of trade.

Click on “Open Account Now” to successfully register the Tradersway account and recieve the log in details.

Step 5 –  Recieve your Tradersway log-in details.

Tradersway Demo Account

Tradersway demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.

The Tradersway Islamic Account

Tradersway does offer traders who follow the Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure. The Tradersway Islamic Account offers traders access to the same trading instruments and platform features as traders with the other accounts.

Interest is not charged on contracts that are held for more than 24 hours. Traders also have access to Expert Advisors, which allow for automated trading. The broker offers an Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Tradersway Fees and Spreads

Tradersway spreads on EUR/USD start from 0.1 pips. The company’s spread list when trading with Tradersway is:

Tradersway does not charge any additional commissions for the MT4.VAR accounts. For these types of accounts, all commissions are already included in the spread although these accounts have similar conditions. For ECN accounts the spreads are minimal, but the commission will be charged separately, with the breakdown of commission rates available in the Trading Conditions section on the website.

To calculate the commission, you need to calculate your deal volume in US dollars, divide it by 100,000 and multiply by the commission fee. Typical spreads are:

▶ EUR/USD: 0.1

▶ GBP/USD: 1.3

▶ USD/CHF: 0.7

▶ USD/JPY: 0.8

Tradersway Deposit and Withdrawal methods

Compared to other brokers, the absence of a minimum deposit amount with Tradersway is a great benefit for new traders. Tradersway offers traders a variety of payment or deposit methods that can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Tradersway accepts the following payment methods:

In addition, TradersWay supports the following deposit currencies:

▶ USD

▶ EUR, ZAR

▶ CAD, and

▶ GBP

Tradersway Trading Platforms

TradersWay supports the use of three of the most popular and user-friendly trading platforms, namely cTrader, MetaTrader 4, and MetaTrader 5 through which trades can be executed. These platforms are some of the best in the industry and they come with a variety of features built-in to cater to any trading needs and preferences that even some of the most experienced traders may have.

These platforms can be downloaded onto the following devices:

▶ Desktop PCs that run either Windows, Linux, or Microsoft.

▶ Mobile devices that run Android or iOS operating systems, or alternatively,

▶ The trading platforms can be accessed through any web browser.

Tradersway vs Traders Trust vs Rakuten Securities

Tradersway Top Countries by Similar Web

Tradersway Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “Tradersway” is entered into Google’s search engine over a given period of time.

Tradersway Review Pros and Cons

Tradersway Customer Reviews

Good Broker

Tradersway is a good FX broker.. good job ..100% Recommended! – Tammy

Tradersway website 

All in all, Tradersway’s website is easily accessible and user-friendly, also any minor issue I had was eventually resolved…. – Erin

Tradersway Affiliate Program

I enjoy the opportunities to earn an income through IB programs offered by forex brokers, Check it out! – Su

You might also like: Tradersway Minimum Deposit

You might also like: Tradersway Demo Account

You might also like: Tradersway Sign Up Bonus

You might also like: Tradersway Fees and Spreads

You might also like: Tradersway Account Types

You might also like: Tradersway Islamic Account

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Conclusion

Although unregulated, TradersWay offers trading conditions that set it apart from its peers with low trading and non-trading fees along with a variety of accounts that cater for various traders despite their knowledge, skill, and experience. TradersWay caters to both beginner and more experienced traders in its comprehensive offering in addition to providing adequate education and research to aid traders in improving their trading skills and knowledge.

TradersWay provides access to four of the largest financial markets through its offering and provides access to three of the most powerful trading platforms through which trades can be executed, and trading skills improved with an array of features.

Despite the trading conditions and claims that it is a legitimate broker, TradersWay does not offer traders guarantees pertaining to client fund security and traders still need to proceed with caution when dealing with unregulated brokers.

Disclaimer

TradersWay warns traders of the significant risks involved with trading leveraged financial instruments such as Forex, and numerous others and warns that from these risks great losses that exceed the trader’s initial capital may result. Traders are advised to evaluate not only their risk exposure but also their willingness to be exposed to such significant risks as it may not be suitable of all traders.

Before making trading or investing decisions, traders need to evaluate their trading and financial objectives and ensure that they have the necessary risk management protocols in place to minimize risk as TradersWay does not offer negative balance protection.

Frequently Asked Questions

Is Tradersway a fake or scam broker?

Tradersway is not regulated and therefore its legitimacy could be in question.

What is the overall rating out of 10 for Tradersway?

Tradersway holds an overall rating of  7/10.

Which platforms are supported by Tradersway?

Tradersway supports cTrader, MetaTrader 4, and MetaTrader 5.

Does Tradersway manipulate the market?

Tradersway is not a regulated broker, therefore traders should be cautious.

For which type of trader is Tradersway best suited?

Tradersway offers a fair-trading environment for all types of traders.