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.