Traders Way

Admin July 14, 2024

Summary

Trader’s Way was established by a group of financial market professionals dedicated to spreading the values of free, limitless trading globally. We provide our clients with the widest opportunities available on financial markets. We’ve collected the best products, technologies and services, so that the needs of every trader are fully satisfied.

Regulated

Payment Methods Used

Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, FasaPay, Ethereum, Bitcoin, Litecoin, Ripple, USD Coin, Tether, TrueUSD, Stellar Lumens, TCPAY, Local Transfer

Meta Trading Softwares Used

MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, cTrader

Overall Rating

4/5

Reviews

Durgesh Thakur
4/5

I have good experience with Tradesway in terms of trade execution tight spreads and lower commissions. My major concern is 1. No Option to Deposit online in India. We can not deposit in local currency after their office timing is over which is very crucial sometimes when you are running out of margin as its the nature of forex market. Remember not all people use skrill or bitcoin to fun immediately. 2. Off course Most of the brokers provide Gold to trade with 0.01 Lot whereas with Traderway it starts with 0.10 Which is too huge to trade gold. 3. More Swap charges as compared to other brokers on Wednesday. 4. Deposits and Withdrawal exchange rate-Compared to other brokers we deposit more and we receive less. Improve the exchange rate as it makes huge difference.

Donna
4/5

TradersWay was a great company but now they are saying that the MT4 and MT5 platforms are no longer available for old US clients.

Kenroy Davis
3/5

I have been with traders way for over a year and I have never had any issues with with withdrawal or deposit. My concern however is: 1. You cannot trade indices or crypto which I think is absurd in 2021 2. You cannot trade gold with lot size lower than 0.1 which is also nonsense Those things needs to be addressed if they want to be truly competitive. At the moment I am looking to move to another broker.

Amelia
1/5

I made a deposit 2 weeks ago and paid the broker more money for the withdrawal today i was sent a message that there was a glitch in the system i should add more money and did till now its past 5 hours no immediate payment

Mouhoub Mébrouk
1/5

Hi guys, I just wanted to share my experience about this broker. Yesterday I took several of winning trades and my balance account was around 5000 $ with my profit secure, so I was satisfy and decided to go to bed and rest. When I woke up this morning I noticed my balance is only around 1300 $ I checked my trading history and I don't know how come but my wining trades from last night are all gone. So I contact the broker by messenger but the agent said they can't access to my trading history and to send an email to the support what I did. I even tried to call them but same answer from the agent over the phone. That just insane I hope it's just a mistake because otherwise it's just crazy. That Happened this morning so I am waiting for them to getting back to my email. I will keep you up to date Cheers

Eugene Clark
1/5

Not looking good for me. I had a trade that was left open over the weekend gbp:jpy. They closed my trade saying it had reached 185.022 which was not correct. This was at open on Sunday. That trade so did not reach that level until the next day. I screenshot it and emailed to them. No response. After a second emai. Best I could get is we’re sending to the correct department. After sending multiple emails and receiving the same message, I have not heard back from them. I’m beyond pissed at this time. I can’t believe I’ve actually been scammed and there’s nothing I can do about it but complain here. Please stay away from this company. I will never ever use them again. Fool me once, but never again. I have all emails and screenshots to prove

Gina Nichols
1/5

Take it from me. They steal peoples money. I had several trades that I cashed in profit and it never showed it had been made and no profit showed. I transferred to another platform.

Arnold Kinsley
1.2/5

Trader's Way claims to be a true ECN but it is a Market Maker in disguise. The broker derives the prices from sources, and simply feeding the price to the traders. The trader is trading on he feed and not on the interbank market like normal regulated brokers do. And since the broker has the other end of the trade, this means that if the trader loses money, then the broker makes money and vice versa. In simple words again, this means that the broker is trading against the client. And that it is exactly what Trader's Way does, they don't like profitable traders because they have to use their own money to pay. They better like it when you lose your deposits and believe me, you will lose it. Moreover, they are operating without any license whatsoever, not regulated at all, meaning if they scam you, you cannot recover your money because they make it clear in their customer agreement that they are not license so no prosecution could affect them. The icing on the cake, they decided to move to a remote and corrupt island where it is hard to get them for cases. Their address is 8 Copthall, Roseau Valley, The Commonwealth of Dominica 00152 They have been operating for so many years but they still refuse to get regulated because it is not good for their scam business to be monitored by regulators. You can see their unregulated status on many review sites even the ones they paid to give 5 stars. Because of the so many bad reviews about Trader'sWay across the web, they write good reviews for themselves or pay people to make them look nice. If you watch closely that so-called **John Campbell** review titled **I don't understand the bad reviews** you will notice it sounds like an advertisement, self-promotion by Trader's Way themselves and not a genuine review, use discernment, use your mind and read it again, you will notice how he tries to dodge the topic and make Trader's Way sound nice, so fake a 5 years old could notice. Beware, don't put your hard-earned money into the hands of scammers who purposely hide themselves in the Commonwealth of Dominica and purposely operates their business without any regulation at all. If they scam you, you will not able to get your money back, be wise and chose another broker which show their license number and their regulator. If you don't believe that they are not regulated, contact their live support and ask them their license number and the board that regulates them, you will hear it from their own mouth. Dealing with an unregulated company is playing with fire. Avoid brokers who are regulated by CySec. Serious regulation you should look into is FCA or SEC or ASIC. Anything else, be careful. This was a honest review from someone who wants to open your eyes about Trader's Way.

Christina Ledger
2.5/5

Not bad and reasonable overall but bad customer support always slow at replying which is frustrating

Zhailasjiee Penny-Smith
1/10

I really hope this doesn’t get lost in the fake reviews or amongst the people who got scammed by a dupe site. But here’s what to expect with tradersway, first let’s start with how I heard of them. Whilst searching for a good broker for cTrader, I came accross YouTube videos promoting them. I came across an article on forex peace army promoting them, and a few reddit posts with mixed reviews. So I was sceptical from the start but I wanted a high leverage account so I gave it a try. I set up the account verified and everything from there, it starts to feel a little iffy, their email comes up as “sales department” already a red flag. Why wouldn’t it be the name of their business? But venturing on, they say they’re on cTrader, but the account is on a separate app you have to install to use, second red flag. I tried to connect the account to my cTrader ID yet it doesn’t exist, third red flag. Anyway ignoring those and proceeding, I funded my acc with the minimum of $10, realised I needed more to make atleast decent gains, so I added another $10, the total margin is around $20 usd and some change to cover the conversion fees, from my currency (aud) I kept it small because you can’t be too careful. Well lucky I was careful. *Keep in mind I haven’t even taken a trade yet* So a week goes by, I still haven’t traded, been busy with life and was just using my prop firm and trying out another unregulated broker(luckily not a scam) so on Thursday 18 July 2024 I go to make my first trade, as aud/cad was setting up according to my strategy. I open the application to see -27.98. me thinking crap they’ve got an inactivity fee, and charged me or something. But nope, I check the trading history and see, 2 losing full margin(who the hell full margins? Smh) trades 1 on USDMXN and the biggest loss on USDSEK. The crazy thing is I don’t even trade these pairs, the spreads are ugly, and they require more margin for smaller gains imo, so it’s SUUUPER obvious what happened. Even more obvious when you see it’s right after a gap in the chart and they shorted the bottom and deactivated the 40% smart stop out I messaged support they basically told me it’s my fault and tried gaslighting me, the dudes name was Adam. Obviously a scam asked them to deactivate the account they obviously weren’t gonna take responsibility. My guess is it’s because I didn’t trade frequently, but either way I’m done with traders way, do what you want with this information, I recommend depositing basically the minimum and trying it out so you don’t get scammed out of a lot of money, but that’s if they even pay the withdrawal lol. Acc number: 1025532

Eugene Clark
1/5

Not looking good for me. I had a trade that was left open over the weekend gbp:jpy. They closed my trade saying it had reached 185.022 which was not correct. This was at open on Sunday. That trade so did not reach that level until the next day. I screenshot it and emailed to them. No response. After a second emai. Best I could get is we’re sending to the correct department. After sending multiple emails and receiving the same message, I have not heard back from them. I’m beyond pissed at this time. I can’t believe I’ve actually been scammed and there’s nothing I can do about it but complain here. Please stay away from this company. I will never ever use them again. Fool me once, but never again. I have all emails and screenshots to prove

Fadiga Trading
1/5

Traders's Way made me lose around 400 USD on 26th of June 2019 on a single trade. Just to make me in loss as they placed a losing order without my knowledge, so that they don't let me be inf profit. I have started trading at them on 19th of June 2016. Not even a week, they ripped me off my revenue and my hard-earn deposit. I am not a beginner or seasonal trader, I know how, and above all, when, to carry my trades. You can clearly see the difference in trading style between my trades and the one they opened themselves. Trader's Way is is a Non-Licensed offshore and non-regulated broker.

Gina Nichols
1/5

Take it from me. They steal peoples money. I had several trades that I cashed in profit and it never showed it had been made and no profit showed. I transferred to another platform.

Ravi Teja
4/5

Good broker ,fast withdrawals and tighter spreads

Seena Dutta
4/5

Undoubtedly best Forex broker!!! Their true ECN execution makes trading more joyful. What most of traders face regarding withdrawal execution, you won't have any issues with them. Each time I've asked for a withdrawal, its been processed on time and their customer support responds back very swiftly and promptly. I only request if they could add back Indices in their platform.

Moshiheya
1/5

THIS IS A WARNING !!!!! Let me start by saying I have not lost a trade in over a month. I had problems withdrawing and I should have seen that as a red flag and withdrew my money then but I continued to trust them. I opened a trade and I always check many platform like tradingview while I trade. I noticed price was not the same and when my trade lost due to price manipulation. Tradersway told me it’s their liquidity providers who gives them the spreads & that price can be different. Spreads can be different but market price NEVER. I have picture proof of all of this & to put the cherry on top I was stopped out at 9% and not the 40% they claim. Tradersway told me it’s not a guarantee to stop out at 40% but how many explanations need to be given ? It’s worth staying FAR FAR away from & I will be contacting legal help to recover my funds. You’re fine until your not with this broker.

Derek
1/5

This broker is a scam! On 5/30/2022 I entered a trade on the Eur NoK and sold at 10.1135 and in less than an hour, they closed my trade out at 10.2563!!! Look at the chart people price was no where near 10.2563! My trade was actually in profit when they closed me out. Not only did they close me out, they left me with a negative account balance. They are not gonna come on here and try to make an excuse for what happened because they know they scammed me and at the end of the day the charts dont lie. I have documented the conversation with support and have screenshot proof. I will also be making a youtube video showing everything. Tradersway I hope it was worth it.

DanaRhodman Detroit
4/5

I’ve been with Tradersway since March 2019. Customer service has always been on point. I love how if you’re trading with a 1:1000 leverage, they’ll switch you to a 1:500 leverage on their own for your own protection. I’ve never experienced any difficulties with deposits nor withdrawals. And I love how there are many more methods of deposits than when I first started. Deposits via LTC have been available in as little as 30 minutes for me. Thank you Tradersway.

Tehran
2/5

From good reviews I've read about traders way and how good they process withdraws i decided to open an account with them .the commissions are low which is good but spreads are too wide for me.

Arif Accsys
4/5

It's a legit firm. Representative Kanika is supportive staff. Good support and guidance provided by her. Very kind of her. Thanks Kanika.