Dominica is the headquarters of the brokerage firm, which was created in 2011. Its accounts are available in ECN and VAR formats, and clients may trade on three popular desktop and mobile platforms.
The brokerage is currently unlicensed, however, it is registered in Dominica as TW Corp. Accounts may be established from a variety of countries, including India, China, and Canada, however, clients from the United States and the United Kingdom are not welcomed.
MT4 is a market-leading platform that combines powerful analytical capabilities with the ability to trade the markets. 9 timeframes, 50 built-in technical indicators, one-click trading, and more are included in the terminal. Traders can use their login credentials to visit the MT4 site once they’ve created an account.
ECN trading, which allows clients to connect directly to the interbank market, has been added to Trader’s Way’s platform.
Windows, MetaTrader Web Terminal, iOS, and Android are all supported by MT4. Wine, a compatibility layer tool, is used to create a macOS version.
MT5 is a multi-asset trading platform with extensive financial trading capabilities. 80 built-in indicators, up to 100 charts, 21 timeframes, sophisticated Depth of Market, and one-click trading are all available on the bilingual platform. Stop loss and take profit orders can be used to protect profits and limit losses. Trading using signals and hedging are also possible on the site.
Windows, MetaTrader Web Terminal, iOS, and Android are all supported by MT5. Wine, a compatibility layer tool, is used to create a macOS version.
TradersWay clients get access to the full power of ECN trading, which is made possible by cTrader. Fast entry and execution, Tier II pricing, direct access to liquidity providers, advanced charting, and one-click functionality are all features of the platform. To provide a level trading floor, cTrader removes dealing desk interference.
cTrader is compatible with Windows, Mac OS X, Android, and iOS devices.
Clients can trade up to 50 assets in forex, metals, oil, and cryptocurrencies. However, indices and stocks such as US30 are not available.
- Forex – up to 42 pairs of major, minor and exotic currency pairs
- Cryptocurrency – Trade up to 9 cryptocurrencies
- Goods – 2 metals and 2 oils are available, i.e. gold, silver, and crude oil.
Note tools differ depending on the account type. To see the specific assets available on each account, visit the terms of trade page.
All four account types have different spreads. Except for MT4, spreads begin at 0 pips. VAR begins at 0.7 pips. The EURUSD and GBPUSD have typical spreads of 0.5.
The commission with a VAR account is already included in the spread, whereas other ECN accounts charge a tiny commission. MT4. ECN and MT5 are two of the most popular trading platforms. On ECN, a $1 million turnover costs $25, whereas a $100,000 turnover costs $3. ECN. Commission reimbursements are offered by Trader’s Way depending on monthly trading volumes.
Clients with MT4.ECN, MT4.VAR, and MT5.ECN accounts can get up to 1:1000 leverage. Clients of CT.ECN can get a 1:500 ratio. The margin is 0.1 percent of the open position volume. Please keep in mind that even if there is sufficient cash in the accounts, a margin call can occur at any time. On the company’s website, there is a useful margin calculator.
Deposits and withdrawals
To make a transaction, members must log in to their account and select their preferred payment method. Deposits can be made in USD, EUR, CAD, and GBP, and processing times vary:
- Perfect Money – Instantly
- Credit/Debit Cards via VLoad – Instantly
- Bank transfer via Abra – 1-2 business days
- USD Coin, True USD, Skrill, Neteller, Fasapay – same day
- Bitcoin, Litecoin, Ether, Ripple, Tether – same day
Customers are charged varying fees depending on the payment method. Payment requests are handled within 48 hours. The same payment method must be used for all withdrawals up to the whole deposit. Any payment method can be used to withdraw the balance.
Demo account overview
The broker provides a free demo account with trading conditions that are similar to those of real accounts. Users only need to go to the registration page and then log in to the demo site after selecting an account type. Fixed or floating spreads are available in trial accounts. To open a demo account, no actual money deposits are required.
The company provides a deposit bonus of 100%. Simply deposit the Personal Area and choose the bonus amount, which will be automatically credited to the account based on the daily trading volume. Only MT4.VAR and MT4. ECN accounts are eligible for the deposit bonus, which is set at $5,000 per account.
The incentive is not refundable; instead, it functions as payback or a discount on a portion of the commissions. Before collecting any bonuses, please read the terms and conditions.
The broker is unregulated, which is a worry because clients’ legal protection will be limited. At the same time, the broker is legally registered as TW Corp. under company number 15690 in the Commonwealth of Dominica.
Please be aware that the state of Missouri issued a cease and desist order to the broker in 2016. The broker was accused of operating an illegal business by selling unregistered binary options to Missouri residents. Its website made misleading claims about its ability to sell binary options contracts without disclosing this. Investors in Missouri are presently unable to use services.
Webinars – Traders Way offers online forex strategy webinars hosted by their chief forex strategist. There are also hundreds of YouTube videos available on their channel. Unfortunately, the broker has not uploaded any webinars for some time.
- Market Review. A weekly forex review is available on the Trader’s Way website.
- Economic calendar.
- Trader’s Way trading calendar
- Trader’s Way economic calendar
To join Trader’s Way, go to the website’s menu bar and click on “Open a Live Account.” You must supply supporting paperwork to confirm your identification during the verification procedure. A $10 minimum deposit is required for all accounts. Three ECN accounts and one normal MT4 account are available from the broker: MT4.ECN, MT5.ECN, and MT5.ECN.
ECN – Trade all markets with changeable spreads that are tight. Using the MT4 and MT5 platforms, this account gives you immediate access to the interbank market.
The only commission-free alternative is MT4.VAR, which is a swap-free account. This account is for those who would like to practice trading in real-time market circumstances before moving on to a professional ECN/STP account. MT4.VAR is suitable for individuals who want to learn how to trade in the actual world of the interbank market with the least amount of risk possible.
CT.ECN – This account only allows you to trade forex and metals. It was created with STP/ECN trading in mind. With its unique cAlgo algorithmic technology, CT.ECN provides Tier II market depth and automated trading. This account offers low latency, minimum slippage, and the narrowest spreads conceivable.