There are many ways to trade Forex, Trader’s Way is one of them. If you haven’t heard anything about the brokerage Trader’s Way, it spreads values of free, unlimited trading worldwide.
In the heart of the Commonwealth of Dominica, Trader’s Way Intermarket Brokerage Services was founded in 2010 by a group of financial market professionals. They strive to provide their customers with the most comprehensive opportunities available on the financial markets by offering a range of the best products, technologies and services to satisfy the satisfaction of every retailer they face.
Trader’s Way strives to offer its clients the best trading conditions regardless of their experience. They also offer a wide range of trading instruments. The hallmark of Trader’s Way is that it offers maximum trading with maximum possibilities and maximum freedom.
Trader’s Way Broker Review
If you are considering Trader’s Way, it is good to check if his words match actions. The Trader’s Way review helps you determine its reliability as a trading partner and determine whether it matches your preferences in forex trading.
Forexbrokers.com, Trader’s Way scored 45 points. However, in the latest review, Forexbrokers.com Trader’s Way did not include it in its 2019 annual report, meaning the company’s ratings are outdated. Let’s go through its strengths and weaknesses to see if the valuation matches the characteristics of this brokerage.
Benefits:
Trader’s Way offers a wide range of trading opportunities:
MetaTrader 4, Web Trader, Mobile Trader and mobile apps – it offers mobile trading apps for iOS and Android for MT4 and cTrader. The MT4 platform includes FxWirePro for live forex news, as well as an economic calendar.
Trader’s Way account types are Micro, ECN, Standard with fixed spreads and Standard with variable spreads. The MT5 platform has a separate account.
• Contract For Difference (CFD) for Bitcoin – account users can deposit Bitcoin into their crypto accounts
Trader’s Way offers these trading conditions
Lowest minimum deposit (1 USD)
Maximum leverage (1: 500)
Ultra-narrow spreads (from 0 pips)
Minimum order quantity (0.1 microlot or 100 units of base currency)
To take into account:
• Does not have a regulated status/broker
Limited offers on cTrader (Forex, Metals)
Limited CFDs (except Forex pairs)
The fixed spread offer has a 2-pip spread, which is quite expensive compared to other brokers with fixed spread offers.
• It is not a listed company
• Only 41 currency pairs are offered for trading
Advantage factor:
Trader’s Way now offers the MT5 platform and the cryptocurrency FD for MT4, which were introduced in 2018.
Islamic (swap-free) accounts
deposits and withdrawals can be made by bank transfer, Liberty Reserve and WebMoney
Conclusion:
Trader’s Way’s offer for the two popular trading platforms (MetaTrader and cTrader) is the best investment opportunity. However, its unregulated status outweighs its critical characteristics, as traders may not settle for unregulated brokers.
Given the low minimum deposit amount, a Trader’s Way investment is also suitable for those who have risk problems with respect to the company or Forex trading per se.
As long as Trader’s Way has not secured its license as a broker, it will be difficult for this company to attract potential investors as the security of its clients is not particularly justified.
After considering the pros and cons of Trader’s Way as a Forex broker, you still have the choice of investing despite the high-risk alarm or want to feel the limitations and shortcomings of your Forex trading partner.