Traders Way Broker Review

Review

While this is nice, it’s worth mentioning again that it’s extremely difficult to trade with a poorly funded account. No, there’s no need to invest a fortune, but you will need enough to avoid limitations. As mentioned above, Trader’s Way provides their clients with access to three different platforms. Most traders are already familiar with MT4 and MT5, which leaves cTrader as the final option. CTrader is a user-friendly platform that was designed specifically for ECN trading. It can be downloaded and installed on your computer, but can also be accessed in app and WebTrader formats.

When trading with this account, you must be using the MetaTrader 4 trading platform and you will not be able to trade Cryptocurrencies. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Sid shah, we always like hearing from our long-term clients as they have had time to experience our services more fully. We have been using this broker for over a year and have had nothing but positive experiences with the company. Custer service is exceptional, administrative processes have been easy and timely.

Bitcoin is a digital currency which can be easily bought and sold for real money or another electronic currency. To make a transaction, login to your Private Office, go to Deposit/Withdraw Funds, choose your preferred payment method and follow the instructions. As a result, you should only rely on word of mouth for information. Traders Way is not a safe Forex broker because it does not hold a license from any internationally recognized Forex regulatory authority. It typically takes anything from 10 minutes to 24 hours to verify your account depending on the time of day and busy periods. CTrader also offers three different chart layout modes which include Single Chart, Free Chart, and Multi Chart modes.

When choosing a broker, where it is based and who it is regulated by is highly important to how safe your money will be. Trader’s Way is regulated by no tier-1 regulators, tier-2 regulated, or tier-3 regulators. For this reason, Trader’s Way is considered a high-risk broker.

We do not run a dealing desk so we cannot provide smaller lot sizes like other brokers. I don’t have face any kind of this issue while playing or in withdrawal process.Spreads are standard. You can earn unlimited commissions based on the volume traded by your clients every month. Transactions requiring currency conversion by Trader’s Way attract a 1.5% fee, such as transferring funds from a USD to a GBP-denominated trading account. If one of your accounts attains a negative balance, the system will automatically transfer funds from your other trading account at the end of every week given that you have no open positions. Open a Live or Demo account online in just a few minutes and start trading on Forex and other markets.

As for the bonus, it is being offered in the form of a 100% deposit bonus. This means that your initial deposit amount would be matched dollar for dollar in the form of a cash bonus. Of course there are specific conditions which must be met before the bonus can be withdrawn.

In recent times more and more investors have started buying and selling gold and silver CFDs. During economic and financial uncertainty investors and traders throughout the world consider paper money as less valuable than other tradable assets. There are 42 different forex currency pairs to sink your trading teeth into including EUR/USD, GBP/USD, EUR/JPY, AUD/USD, and EUR/GBP just to name a few. Each broker had the opportunity to complete an in-depth data profile and provide executive time for an annual update meeting.

MT4.ECN & MT5.ECN require $25 per $1 million turnover and $3 per $100,000 turnover on CT.ECN. Trader’s Way offers cashback on commissions depending on monthly trading volumes. Spreads start from 0 pips, apart from MT4.VAR, which starts at 0.7 pips.

This is fine if you only want to trade Forex, but if you like to trade with other financial instruments, then you may prefer a different broker. Many traders would rightfully consider this to be a big red flag when choosing a broker. A good broker will be licenced by a tier-1 regulator for the country or region you are trading in such as ASIC for Australia, BaFIN, CySEC or FCA for Europe or MAS for Singapore. Tradersway charges an average spread of 0.5 pips for EUR/USD which means each time you open and close a trade you will pay USD$5.

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