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Overall

Trader’s Way offers the popular MetaTrader and cTrader platforms, but lacks formal regulation and offers only a few CFDs instruments outside of forex.

By Steven Hatzakis / July 6th, 2018 / Updated: October 3rd, 2018

help 47
Trust Score
Dislikes
  • Lack of regulatory status
  • Only forex and metals available on cTrader
  • Offers just three CFDs besides forex pairs

Review Sections:

Trader’s Way (TW Corp) was established in 2010 and is domiciled in the Commonwealth of Dominica. It offers the MetaTrader and cTrader suite of platforms, and social copy trading via FxStat and MyFXBook.

The latest offering from Trader’s Way includes the MT5 platform and cryptocurrency CFD trading on MT4 launched in 2018, in addition to several dozen forex pairs.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of Trader’s Way.

Trader's Way
Trust Score47
Year Founded2010
Publicly-Traded Company (Listed) No
Regulated in Major Hub No
Regulated in Emerging Hub No
Authorised in the European Union No
CFTC Registered (USA) No
FCA Regulated (UK) No
IIROC Authorised (Canada) No
FINMA Authorised (Switzerland) No
ASIC Authorised (Australia) No
SFC Authorised (Hong Kong) No
MAS Authorised (Singapore) No
FSA Authorised (Japan) No
FMA Authorised (New Zealand) No
CySEC Authorised (Cyprus) No

Offering of Investments

The following table summarizes the different investment products available to Trader’s Way clients.

Trader's Way
Minimum Initial Deposit$0.00
Currency Pairs (Total Forex pairs)41
CFDs - Total Offered3
Exchange Traded Securities: US No
Exchange Traded Securities: International No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

Trader’s Way offers four account types for the MT4 platform, ranging from fixed spread to variable spread pricing, as well as a crypto account that allows clients to deposit bitcoin. There’s also an account dedicated to its recently released MT5 platform offering. The broker also offers the CT.ECN account for use with the cTrader platform.

Trader's Way MT4 VAR spreads

On the broker’s fixed spread offering, Trader’s Way lists a 2-pip spread, which is expensive relative to brokers with sub-pip pricing. Furthermore, on the MT4.Var account offering, where spreads are variable, the broker lists an average spread of 1.4 pips for the EUR/USD, whereas on the MT4.ecn account the broker lists an average spread of 0.5 pips for the same currency pair.

Trader's Way
Average Spread EUR/USD - Standard1.40
All-in Cost EUR/USD - ActiveN/A
Active Trader or Premium/VIP Yes

Research

Trader’s Way offers FxWirePro for its live forex news within the MT4 platform, and an economic calendar available on its website, while the broker offers FxStat and myFXbook for users to find trading opportunities that can be automatically copied (i.e., copy trading).

TradersWay research

The broker also offers weekly webinars. Otherwise, research at Trader’s Way is very light, as not much is available beyond a few basics.

Trader's Way
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Acuity Trading No
Social Trading / Copy-Trading Yes
Social Sentiment - Currency Pairs No
Client Webinars Yes
Client Webinars (Archived) No
Videos - Beginner Trading Videos No
Economic Calendar Yes
Calendar Includes Forecasts No
Economic News Sentiment No
Trade Ideas - Backtesting Yes

Platforms & Tools

Trader’s Way is primarily a MetaTrader broker, offering the suite of platforms from MetaQuotes Software Corporation, including the MT4 and MT5 platforms. Read our MetaTrader guide to learn more.

MetaTrader4 Desktop Forex Brokers

While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Trader’s Way also launched cTrader and the related suite of retail trading platforms from Spotware Systems, including the cAlgo platform. To learn more about cTrader, read our cTrader guide.

cTrader web platform

Trader's Way
Virtual Trading (Demo) Yes
Desktop Platform (Windows) Yes
Desktop Platform (Mac) No
Web Platform Yes
Social Trading / Copy-Trading Yes
Proprietary Yes
MetaTrader4 (MT4) Yes
MetaTrader5 (MT5) Yes
cTrader Yes
Currenex No
ZuluTrade No
MirrorTrader No
Charting - Drawing Tools (Total)31
Charting - Indicators / Studies (Total)51
Watchlists - Total Fields7
Order Type - Trailing Stop Yes

Mobile Trading

Trader’s Way offers mobile trading iOS and Android mobile trading applications for the MetaTrader and cTrader platforms, available directly from the respective developers on the iTunes Store and Google Play. To learn more about MT4, read our guide to MetaTrader, and for Spotware Systems read our guide to cTrader.

Metatrader4 mobile watchlist

Trader's Way
Android App Yes
Apple iOS App Yes
Charting - Draw Trend Lines Yes
Charting - Can Turn Horizontally Yes
Charting - Technical Studies/Indicators30
Watch List Syncing Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields Yes

Other Notes

Trader’s Way introduced cryptocurrency CFD trading on bitcoin (BTC) in 2018, with a leverage of up to 2:1. It offers traders the option of depositing physical BTC or ripple (XRP) into their margin accounts.

Final Thoughts

While Trader’s Way offers two popular platform suites, including MetaTrader and cTrader, the broker’s lack of regulatory licenses weighs down on its trust score, as customers are not afforded the protection of being licensed in a major or emerging regulatory hub.

We’d like to see Trader’s Way acquire a license in an emerging or major jurisdiction to help win customers’ trust, in addition to its offshore offering from the island nation of Dominica. Until then, the broker remains a poor choice for traders seeking the trustworthiness typically associated with brokers who voluntarily submit to licensing, in addition to those who do so under required mandates.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses."Learn more.


Steven Hatzakis

Reviewed by Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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