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TradersWay

Admin July 14, 2024

Summary

Trader’s Way was established by a group of financial experts and analysts to provide trading opportunities to traders across the globe. Throughout its operation, the broker has been continuously improving the services and technologies it provides, adding new platforms, useful applications, and available social trading platforms. Trader’s Way aspires to meet the trading demands of both active Forex traders and passive investors with various amounts of free equity.

Not regulted

Payment Methods Used

Bank Wire (BankTransfer/SWIFT), Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple (XRP), Tether (USDT)

Meta Trading Softwares Used

MT4,MT5.cTrader

Reviews

Zhailasjiee Penny-Smith
1/5

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 tradersway, 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 The trade, OID12745631

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.

Vincent peter
4/5

I've been with traders way eversince I started trading forex.. It's been like 5 years and I've never had any issues, to me traders way is the best broker.. I've recommended traders way to all of my friends.. And special thanks to kanika she has been my account manager since 5 years.. Always helpful, she deserves a raise!!!!

Amelia
1.3/5

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

Qsix
3.7/5

I've traded Tradersway for a couple of years and never had a problem with withdrawals. They might have slow execution when volatility hits but otherwise good broker.

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

David
4/5

Trader's Way is a great brokerage. I've been using them as my primary broker for 4 years since I started trading. Their customer support is top tier, withdrawal time is decent, and their spreads are great as well. The only thing that I do not like about this broker is for Gold and Silver they require a minimum lot size of 0.10 instead of 0.01. If they could fix that, I would change my 4 star review to 5 stars.

Greg Duncan
3/5

I have been trading for 4 years and use several different brokers. I have decided to try these guys out because of there 1 to 1000 leverage. I will give updates as i work through this broker. Update: So far i find the spreads really high.

Eugene Clark
1.6/5

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.

Apurva Ghayatadake
4.3/5

A very nice platform for traders.. I have very good experience. Withdrawal and deposits are very easy. Kanika is really very helpful

Gina Nichols
2/5

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
1.1/5

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.

Lesson Learner
1/5

I would not give ONE star but was forced to in order to write this review. I Testes the site to determine if it was legitimate(IT IS NOT!!!) I have attempted to withdraw funds for 3 weeks. The repeat the same message over and over without resolution. I now have 15 pages of emails and online chat history stating details of my attempts to withdraw money. After the 1st two request failed due to alleged incorrect information, I tested it with the same account and made a deposit. It appears that there will be no issue depositing money but you will never be able to withdraw it.( It is very well know that you never use money in FX stocks that you cant afford to lose). I was prepared to lose the money to this Scam Broker . Better to lose small money than to lose larger amounts. I thought that the negative reviews were due to people losing money but I made profit. ( I just wont ever be able to withdraw it). After weeks of emails with automated replies no results. I called the number which goes strait to a recording . I did not speak to anyone the only people that answer are people in the sales department that will refer you to the payment center. However I did receive a lot of SCAM PHONE CALLS from a DOMINICA area code asking to access my computer. Not sure if its all related but I never received them before. After deep diving into a lot of internet reviews on traders way I realized that there are a lot of people experiencing the same issue and worse . Additional people have lost thousands and had there accounts automatically closed. Of course there is also the 4007 spreads to take your money. ( THAT CORRECT 4007). I was able to make profit regardless. I just simply cannot withdraw. I contacted 3 other people and they had the same issue. I doubt that any reviews stating resolved issues are true. I'm not angry but a bit disappointed. Luckily I have 2 other Brokers that are regulated and presented no issues. As I mention before its better to get scammed on a little bit on money instead of a lot. I highly recommend reading other reviews to understand the other complaints. I honestly feel that the MT4 platform should not be supporting this broker and should have some accountability for allowing them to scam clients. Remember all the warnings of HIGH RISKS. With trader way its the SCAM that is the risk, not the profits or losses. DO YOU KNOW ANYONE THAT IS ABLE TO WITHDRAW?? IF NOT THAT SHOULD TELL YOU SOMETHING.

Christina Ledger
2/5

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

Ravi
3.4/5

Good broker ,fast withdrawals and tighter spreads

Smart as
4.2/5

Really good with support and user friendly, in terms of leverage Wow

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.

Khushal
2.4/5

The spread is too wide for an unregulated broker. i thought by using unregulated broken ill have advantage with smaller spread and cheaper commission. My other broker offers smaller spread than tradersway and it is a regulated broker. I move from my other broker to traders way anyways because traders way accepts deposit using cryptocurrency. Trading is painful with the wide spread. this is the screenshot of the spread size - ibb.co/YbK7Hp4

Garry
4.1/5

Been with traders way for a few years now. Great experience with this broker ! Excellent support ! Withdrawal time within 48 hours !