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

Steven Hatzakis | July 24th, 2019

help 45
Trust Score
  • Lack of regulatory status
  • Only forex and metals available on cTrader
  • Offers just three CFDs besides forex pairs

Review Sections:

Please Note: Trader's Way was not included in the 2019 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2019 guide for a look at the top rated forex and CFDs brokers.

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.

Is Trader's Way Safe?

Trader's Way is considered high-risk, with an overall Trust Score of 45 out of 99. Trader's Way is not publicly traded and does not operate a bank. Trader's Way is authorised by zero tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.

Regulations Comparison

FeatureTrader's WayIGSaxo BankCMC Markets
Year Founded2010197419921989
Publicly Traded (Listed) No Yes No Yes
Bank No Yes Yes No
Tier-1 Licenses0664
Tier-2 Licenses0312
Tier-3 Licenses0000
Trust Score45999898

Offering of Investments

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

FeatureTrader's WayIGSaxo BankCMC Markets
Forex: Spot Trading Yes Yes Yes Yes
Currency Pairs (Total Forex pairs)4191182183
CFDs - Total Offered315000329999959
Cryptocurrency traded as actual No No No No
Cryptocurrency traded as CFD Yes Yes No Yes
Offering of Investments 1.5 Stars 4.5 Stars 4.5 Stars 4 Stars

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.

FeatureTrader's WayIGSaxo BankCMC Markets
Minimum Initial Deposit$0.00£250.00$2,000.00$0.00
Average Spread EUR/USD - Standard1.400.7500.9000.744
All-in Cost EUR/USD - ActiveN/A0.3630.6000.744
Active Trader or VIP Discounts Yes Yes Yes Yes
Commissions & Fees 2.5 Stars 4.5 Stars 4.5 Stars 5 Stars


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.

FeatureTrader's WayIGSaxo BankCMC Markets
Daily Market Commentary No Yes Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes Yes
Weekly Webinars No Yes Yes Yes
AutoChartist No Yes Yes No
Trading Central (Recognia) No No No Yes
Delkos Research No No No No
Social Trading / Copy-Trading Yes Yes Yes Yes
Social Sentiment - Currency Pairs No Yes Yes Yes
Economic Calendar Yes Yes Yes Yes
Research 2 Stars 4.5 Stars 4.5 Stars 4.5 Stars

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

FeatureTrader's WayIGSaxo BankCMC Markets
Virtual Trading (Demo) Yes Yes Yes Yes
Proprietary Platform Yes Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes
Social Trading / Copy-Trading Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes No Yes
MetaTrader 5 (MT5) Yes No No No
cTrader Yes No No No
Charting - Indicators / Studies (Total)51224781
Charting - Drawing Tools (Total)31171724
Charting - Trade From Chart Yes Yes Yes Yes
Watchlists - Total Fields712128
Order Type - Trailing Stop Yes Yes Yes Yes
Platform & Tools 3 Stars 4.5 Stars 4.5 Stars 4.5 Stars

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

FeatureTrader's WayIGSaxo BankCMC Markets
Android App Yes Yes Yes Yes
Apple iOS App Yes Yes Yes Yes
Trading - Forex Yes Yes Yes Yes
Trading - CFDs Yes Yes Yes Yes
Alerts - Basic Fields Yes Yes Yes Yes
Watch List Yes Yes Yes Yes
Watch List Syncing Yes Yes Yes Yes
Charting - Indicators / Studies30264123
Charting - Draw Trend Lines Yes Yes Yes Yes
Charting - Trend Lines Moveable No Yes Yes Yes
Charting - Multiple Time Frames Yes Yes Yes Yes
Charting - Drawings Autosave Yes Yes Yes Yes
Forex Calendar No Yes Yes Yes
Mobile Trading 3 Stars 4 Stars 4.5 Stars 4 Stars

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

About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for 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 20 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 02/18/2019 and is believed to be accurate, but is not guaranteed. The 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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