TradersWay
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 10
Features
- Trading seminars and educational training
- Daily market analysis from in-house analysts
- Low $10 minimum deposit
- Copy-trading support
- Islamic (swap-free) accounts
- Deposit bonus for account funding
- ECN-style accounts
- Scalping allowed
- Affiliate/partner program
- Wide range of tradable instruments
Pros
- No standout advantages identified.
Cons
- The broker has no flaws.
Updated:
TradersWay was founded in 2011 and is headquartered in Dominica, operating as an offshore broker under the legal entity TW Corp without regulation from any government authority. It offers four account types across MT4, MT5, and cTrader, with leverage up to 1:1000 and a minimum deposit of $10. Trading instruments include forex pairs, precious metals, oil, and cryptocurrency CFDs. In 2014, TradersWay was named 'Best STP/ECN Broker' by the Forex Report Awards, and it runs regular webinars with currency strategist Wayne McDonell.
TradersWay is an unregulated offshore forex and CFD broker offering MT4, MT5, and cTrader accounts from a $10 minimum deposit, with leverage up to 1:1000.
TradersWay is a forex and CFD broker founded in 2011 and headquartered in Dominica. It operates offshore under the legal entity TW Corp and is not regulated by any government authority.
Regulation and leverage
TradersWay is unregulated, so it does not answer to a financial regulator for client protections or dispute resolution. It offers a simple registration process and leverage of up to 1:1000, which raises both potential gains and potential losses.
Awards and education
In 2014, TradersWay was named 'Best STP/ECN Broker' by the Forex Report Awards. It runs regular webinars hosted by currency strategist Wayne McDonell, covering major currency pairs, metals, and cryptocurrencies; past sessions are available on YouTube.
Account types
| Account | Platform | Spread | Commission |
|---|---|---|---|
| MT4.VAR | MT4 | Floating, from 0.7 points | None |
| MT4.ECN | MT4 | From 0 points | Small commission |
| MT5.ECN | MT5 | Not specified | Not specified |
| CT.ECN | cTrader | From 0 points | Not specified |
Trading platforms
TradersWay offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for standard trading, plus cTrader for its ECN accounts. It also integrates with Myfxbook Autotrade, letting MT4 account holders automatically copy trades from other traders.
Trading instruments
Available instruments include forex currency pairs, cryptocurrency CFDs, and precious metals and oil. Account base currencies are USD, EUR, CAD, GBP, and BTC. The EUR/USD spread runs around 0.7 pips, a moderate rather than industry-narrowest level.
Deposits, withdrawals, and bonuses
The minimum deposit is $10. Funding methods include international bank transfer, credit/debit cards, e-wallets such as Skrill, Neteller, Perfect Money, and FasaPay, and cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Stellar, USDC, and USDT. New traders can claim a 100% deposit bonus of up to $5,000 on MT4 accounts; the bonus itself cannot be withdrawn, but profits earned using it can be.
Account features
TradersWay offers Islamic (swap-free) accounts, an affiliate/partner program, and permits scalping and automated trading. Mobile trading, a web terminal, social trading, and a demo account are all supported. Segregated accounts, PAMM accounts, signals, VPS availability, the withdrawal fee, and the inactivity fee are not specified by the broker. Customer support is available 24/5.
Should you trade with TradersWay?
TradersWay is unregulated, so it does not offer the client protections a licensed broker would provide. Weigh that against its low $10 minimum deposit, high leverage, and range of platforms, and compare it with regulated alternatives in our broker ranking before depositing funds.
