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Some Detailed Information about Trader’s Way

WikiFX | 2021-07-21 12:03

Abstract:Trader's Way is a Dominican registered online forex broker and is not currently subject to active regulation.

General Information & Regulation

Trader's Way is a Dominican registered online forex broker and is not currently subject to active regulation.

Security Analysis of Trader's Way

The first and the most rigid indicator in measuring the safety of a broker is to see whether it is properly regulated. Trader's Way is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not effectively protected.

Market Instruments

Trader's Way provides investors with financial instruments in Forex currency pairs, precious metals (gold & silver), energies (oil & gas), and cryptocurrencies.

Accounts & Leverage of Trader's Way

Trader's Way provides investors with various types of trading accounts, namely MT4, MT5, and standard and ECN accounts on cTrader. Generally speaking, an unregulated broker offers more generous leverage.

Spreads & Commissions of Trader's Way

The official Trader's Way website shows spreads of 0.2 pips for EURUSD, 0.9 pips for GBPUSD, 0.6 pips for CHF/USD, 0.8 pips for JPYUSD, 0.34 pips for gold, and 0.03 pips for silver. Needless to say, the spreads offered by Trader's Way seem very attractive, but given that it is an unregulated broker, it is probably just a trick to attract new investors.

Trading Platform Available

Trader's Way offers a variety of trading platforms for traders, namely MT4, MT5, cTrader, and mobile apps.

Deposit and Withdrawal of Trader's Way

Trader's Way accepts traders to withdraw funds to their accounts via TC Pay, Vload credit/debit cards, wire transfers (Abra), Bitcoin, Ether, Litecoin, Ripple, USDT, TUDS, and other payment methods. It is worth noting that the fact that Trader's Way offers multiple deposit methods for cryptocurrencies is not a good sign, as this payment method has numerous restrictions for refunds.

Trader's Way

Related broker

Not Regulated
Trader’s Way
Company name:TW Corp LLC
Score
1.71
Website:https://www.tradersway.com
5-10 years | Questionable Regulatory License | MT4 Full License | MT5 Full License
Score
1.71

Read more

Broker Cleared Investor’s Profiting Order due to “Wrong Quote”

The coronavirus epidemic in 2020 has been a “black swan” event in the financial market, tempting many forex investors to try their luck in a time of high market volatility.

Original 2020-04-11 18:24

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