Trader’s Way is an online retail forex broker that offers trading services in a number of tradable instruments, spread across currency pairs, precious metals, energies, and cryptos. They provide their clients with a range of trading platforms, including the very popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the user-friendly and professionally designed cTrader platform. The broker operates the ECN model of trade executions, offering good execution speeds, competitive trading fees, flexible account types, and a selection of useful trading tools and educational materials.
Trader’s Way Review Introduction
In this Trader’s Way review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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Trader’s Way Platforms & Tools
Trader’s Way provides their clients with a good selection of trading platforms, including the widely used MT4 and MT5 platforms, as well as the advanced cTrader platform. The MT4 and MT5 platforms are available as a non-installable web trading terminal that runs on most modern browsers, installable desktop applications for Mac and Windows computers, and mobile trading apps for Android and iOS devices.
The cTrader platform is user-friendly and supports manual trading with advanced charting and one-click functionality. It is available in the web version, desktop applications, and mobile apps. In addition to the tools that come with the various platforms, the broker provides other useful tools, such as the QuickDeal tool that brings market depth level 2 pricing, cMirror for copy trading, VPS hosting service, FxWire Pro Newsfeed, and more.
Trader’s Way Research & Education
The broker has a few educational materials on different sections of their website, which cover the basic trading principles that may be helpful to a beginner trader. Aside from those, the only other educational resources provided by the broker are the weekly market outlook and webinars.
Trader’s Way Trading Accounts
Trader’s Way offers the following account types:
- FIX: fixed spread (2 pips), no commission, no minimum deposit
- VAR: variable spreads (from0.7 pips), no commission, no minimum deposit
- ECN: Floating spreads (from 0 pips), a $3 commission, and a minimum deposit of $100
- ECN: Just like the MT4.ECN but on the MT5 platform
- ECN: for the cTrader platform, a minimum deposit of $50,
- CRYPTO: for trading cryptocurrencies on the MT4 platform, maximum leverage is 1:2
Trader’s Way Account Funding
Trader’s Way accepts a variety of deposit and withdrawal methods, including bank transfer, credit cards, online payment processors such as Skrill and Neteller, and cryptocurrencies (Bitcoin. Litecoin, and Ether). Transaction fees and payment processing time depend on the payment method used.
Trader’s Way Customer Service
The broker provides customer support via online chat, telephone, and email, and they respond to requests within 24 hours on working days.
Trader’s Way Regulation
Trader’s Way is the brokerage brand for TW Corp., an offshore financial service firm that is legally registered in Dominica. There is no known financial authority that regulates this broker.
Trader’s Way Review Summary
Trader’s Way offers forex and CFD trading on currency pairs, cryptos, precious metals, and energies. The broker provides a good range of popular trading instruments and useful trading tools.
It is worth mentioning that some of the trading products and services in this Trader’s Way review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Trader’s Way broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.