- Types of accounts
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TradersWay is a legally registered Forex broker founded in 2011 in Dominica, but not regulated by any government authorities. TradersWay Broker accepts clients from all over the world, with the exception of the United States and some other countries where restrictions apply.
TradersWay-a regulated broker?
TradersWay is an unregulated offshore Forex and CFD broker based in Dominica and registered under the name TW Corp.
However, despite the lack of regulation, trading with an offshore broker such as TradersWay offers certain advantages, such as a simple registration process and high leverage. In the case of TradersWay, the maximum leverage is up to 1:1000.
Moreover, TradersWay was recognized as the "Best STP / ECN Broker" in 2014 by the Forex Report Awards. The broker also conducts webinars from Monday to Thursday, where chief currency strategist Wayne McDonell, awarded in 2016 by the well-known FXStreet resource for educational content, analyzes the latest market events on major currency pairs, metals and cryptocurrencies. Previous webinar sessions are also uploaded to YouTube for viewing at any time.
What types of accounts does TradersWay offer?
As for the types of accounts, the broker offers 4 types of trading accounts:
- MT4.VAR. A standard account without commission with floating spreads of 0.7 points or more.
- MT4.ECN. An ECN account with much narrower spreads from 0 points and a small commission.
- MT5.ECN. An ECN account designed for the MT5 trading platform.
- CT.ECN. An ECN account for the cTrader platform with spreads from 0 points.
TradersWay Trading Platforms
TradersWay broker offers its clients a fairly wide range of trading platforms, including the popular MT4 and MT5, as well as the cTrader platform, designed for use with the broker's ECN account. In addition, all clients are offered solutions such as Myfxbook Autotrade, which allows them to link their MT4 accounts with the Autotrade system to automatically copy the trades of other traders.
TradersWay provides access to trading the most popular Forex currency pairs, as well as CFDs on cryptocurrencies, precious metals and oil. Compared to its competitors, TradersWay offers medium-level spreads and is not among the narrowest in the industry.
What is the minimum deposit in TradersWay?
The minimum deposit in TradersWay is only$10. As for the methods of depositing and withdrawing funds, they include international bank transfers, credit and debit cards, as well as various electronic wallets, such as Skrill, Neteller, Perfect Money, FasaPay. In addition, TradersWay accepts deposits in various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, Stellar, USDC and USDT.
TradersWay currently offers a 100% deposit bonus as a promotional offer for new traders. It is limited to $ 5,000 per account at a time and is only applicable to MT4 accounts. Although the bonus amount itself cannot be withdrawn, any profit earned with the bonus can be withdrawn from the account.
TradersWay is an unregulated offshore Forex broker founded in 2011 in Dominica. However, it provides high leverage up to 1:1000, ECN accounts, popular trading platforms MT4, MT5 and cTrader, as well as a wide range of trading instruments, including cryptocurrencies.
Before choosing a broker, we recommend that you read the reviews of TradersWay, as well as see our rating of Forex brokers.
|General information of TradersWay|
|Year of foundation||2011|
|Trading Platforms||MT4, MT5, cTrader|
|EURUSD Spread||0.7 pips|
|Base currencies||USD, EUR, CAD, GBP, BTC|
|Assets||Currency pairs, metals, cryptocurrencies|
|Deposit replenishment||BankTransfer, Visa/MasterCard, Skrill, Neteller, Perfect Money, FasaPay, BTC|
|Payment for inaction||—|
- The year of Foundation 2011
- Head office address 8 Copthall, Roseau Valley, The Commonwealth of Dominica 00152
- Maximum leverage 1:1000
- Min. Deposit $10
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Perfect Money, BitCoin
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Perfect Money, BitCoin
- Number of trading instruments 40
- The number of CFD instruments 10
- The number of metals 2