Please Note: Trader's Way was not included in the 2019 annual review. As a result, this broker's ratings may be outdated.
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.
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.
|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.
|Minimum Initial Deposit||$0.00|
|Currency Pairs (Total Forex pairs)||41|
|CFDs - Total Offered||3|
|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.
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.
|Average Spread EUR/USD - Standard||1.40|
|All-in Cost EUR/USD - Active||N/A|
|Active Trader or Premium/VIP||Yes|
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).
|Daily Market Commentary||No|
|Forex News (Top-Tier Sources)||Yes|
|Trading Central (Recognia)||No|
|Social Trading / Copy-Trading||Yes|
|Social Sentiment - Currency Pairs||No|
|Client Webinars (Archived)||No|
|Videos - Beginner Trading Videos||No|
|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.
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.
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Desktop Platform (Mac)||No|
|Social Trading / Copy-Trading||Yes|
|Charting - Drawing Tools (Total)||31|
|Charting - Indicators / Studies (Total)||51|
|Watchlists - Total Fields||7|
|Order Type - Trailing Stop||Yes|
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.
|Apple iOS App||Yes|
|Charting - Draw Trend Lines||Yes|
|Charting - Can Turn Horizontally||Yes|
|Charting - Technical Studies/Indicators||30|
|Watch List Syncing||Yes|
|Trading - Forex||Yes|
|Trading - CFDs||Yes|
|Alerts - Basic Fields||Yes|
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.
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.
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.