Trader's Way Review: Is this broker legit, safe and trustworthy for Indians?
Review: Company Trader's Way (CY) LTD (registered under the number HE 293057) is a Cyprus-based corporation with its headquarters in Nicosia.
Review: It also has operations in St. Vincent and the Grenadines, as well as Russia. Cyprus-based Trader's Way (CY) LTD, which operates under the Trader's Way forex brand, is approved and controlled by the CySEC (Cyprus Securities and Exchange Commission), and has been granted licence number 178/12 by the regulator.
What sorts of trading accounts are available on Trader's Way? There are five different account kinds to choose from, and they are as follows:
Review: For newcomers, the MT4.Micro account type is the most basic of all; it is known as the micro account. This account may be used to try new trading tactics or to recover confidence after a string of losing transactions. It has a low transaction volume of just 0.1 of a Micro lot, making it ideal for beginners (i.e. 0.001 lots or nano lots). The minimum deposit is one dollar, and the leverage is one thousand to one.
MT4.FIX: This account type is the default account type for the MT4 trading platform. The minimum deposit is one dollar, the minimum transaction size is one hundredth of a lot, and the highest leverage is one thousand to one.
This account type combines the benefits of an ECN account, such as $0 fees and floating spreads, with the advantages of an MT4 account, such as tight spreads and fast execution. The minimum deposit and leverage are set at one dollar and one thousand thousand to one, respectively. The minimum trading size is 0.01 lots, with no maximum limit.
MT4.ECN: This is a bridging MT4 account, and it is the account that is being utilised for the MT4 ECN $10 promotional offering. The minimum trading size is 0.01 lots, with a $100 account deposit as a starting point. The leverage is set at a ratio of 1000:1.
Account type: CTrader ECN, with a minimum transaction size of 0.01 lots and a minimum deposit of $100, with leverage set at 500:1. Minimum trade size and minimum deposit: $100.
Review: Using a FxSTAT Autotrading Account, you may follow traders and have their tactics executed on your behalf automatically. Because this account was formed via an introducing broker, an additional 1 pip is charged to cover the cost of this service.
Hedge strategies and expert advisors are permitted on these accounts, as are hedging strategies and expert advisors
Trader's Way traders have the option of trading on any of the following platforms:
Review: Trader's Way gives its customers the opportunity to trade forex using an upgraded version of the MetaTrader 4 trading platform. As well as web-based versions of the MT4, mobile versions of the MT4 for Android, iPhone, and iPad devices are also available.
Review: Trader's Way cTrader: MarketsWay cTrader is an electronic communications network (ECN) tool that traders may use for non-dealing desk trading. The cTrader platform is available in three different versions: a downloaded version, a web-based version, and a mobile version. This is also true for cAlgo, the algorithmic trading platform that is used to code EAs for the cTrader trading platform.
A multi-terminal for account managers who are participating in the PAMM programme, as well as for individuals who are trading numerous accounts, MAM is an abbreviation for the Multi-Account Management platform.
Traders and brokers from all around the globe may connect via the Tradeo Social Trading Platform, which is a cross-broker, cross-platform social trading network.
Forex trading platform FxSTAT: FxStat is an innovative account monitoring, social networking, and autotrading (copy trading) programme that was developed by the Forex Trading Institute.
However, there is nothing in the way of forex education provided by Trader's Way, despite the fact that it offers an unlimited, free sample account to traders.
There are a variety of ways to contact Trader's Way customer service, including the following methods:
The following address is in Dominica: 8 Copthall, Roseau Valley, 00152
Phone: +7 812 4548 812 (Russian).
Customer Service may be reached by email at helpdesk@Trader's Way.com.
support@Trader's Way.com is the email address for technical assistance.
Deposits on Trader's Way may be made in the following ways:
When making deposits or withdrawals using VISA or MasterCard, you may use bank wires to make it more easy for you.
Payments may also be done electronically via Skrill (Moneybookers), Ukash, Payweb, Neteller, Payza, CashU, and Perfect Money, among other methods.
It is solely accessible to Indonesian merchants. Local Transfer: This refers to the usage of local banks for the purposes of depositing and withdrawing monies.
Review: There is a difference in the minimum deposit required from one form of transaction to another, as well as across different account types. Generally speaking, the minimum account deposit amount is $1, which may be made using any of the e-payment options available to you. If you have an account that requires a minimum of $100 in account deposits, you will have to make bank transfers that need additional money to be delivered in order to at least pay the account deposit charge of $45 in order to open the account.
Review: Credit card deposits are subject to a minimum of $10 and a maximum of $1000 in order to qualify. With a card deposit, you may make a maximum of three deposits per day, ten deposits per month, and $5,000 in a single month. Deposits with Moneybookers have a maximum limit of $10,000 and a minimum deposit limit of $10. CashU and Webmoney are completely unrestricted.
Review: With the exception of card methods, which have a set deposit limit that is provided to traders when they establish accounts, there are no commonly accepted maximum deposit limitations. As a result, deposit restrictions should be considered in the context of the transaction method that will be used.
Review: Card withdrawals must be performed in full amounts equal to the amounts that were deposited using the card method, or else a 180-day waiting time will be imposed. For e-payment options, there are no transaction fees to pay.
Review: Trader's Way offers a variety of account types, trading platforms, and trade conditions to accommodate traders of different backgrounds and experience levels. However, in order to cater to novice traders, a significant amount of instructional information must be made available.
Review: Trader's Way has been in operation as an unlicensed broker out of the Republic of Dominica since 2011, according to its website. It is an execution-only broker that does not provide any value-added services; the absence of these services is said to be advantageous to traders due to the absence of a conflict of interest. Trader's Way is responsible for the upkeep of the core versions of the MetaTrader 4, MetaTrader 5, and cTrader trading platforms. Except for ECN accounts, which may be opened with as little as $10, there is no minimum deposit required. When it comes to Forex traders, the maximum leverage is dynamic and reduces as the account balance grows. The maximum leverage ranges from a maximum of 1:1000 to a minimum of 1:100. There is a 100 percent deposit bonus available, but it is rather limited.
Review: TradersWay is an unregulated broker; the company states in its Safety of Funds section that there is no regulation that protects customers from manipulation, abuse of client money, and bankruptcy, which clarifies the company's position on the subject. Despite the fact that this broker's business plan seems to be flawed on all three criteria, the business model appears to be profitable enough to allow the broker to continue operations. The company does publish a list of the ways in which it protects its customers, but there is no independent verification of the claims made by the company. Traders must go through a verification procedure that is comparable to that of regulated businesses and includes AML/KYC requirements. Trader's Way does not take any further precautions to safeguard the safety of its clients, such as membership in the Hong Kong Financial Commission, which serves as the principal independent dispute resolution body, or participation in third-party deposit insurance. It also fails to provide the names of independent auditors or to provide any guarantees that have been validated by a third party.
Review: While brokers may be able to operate as an unregulated corporation in business-friendly countries, trustworthy jurisdictions are more likely to give a confirmed layer of safety, security, and access to a dispute resolution procedure. In Trader's Way, the lack of this feature triggers a big red alert that traders should take into consideration. Ironically, even the information supplied by Trader's Way on how to identify a scam broker conducting a Ponzi scheme effectively categorises Trader's Way as a Ponzi scheme itself! Despite the fact that it warns traders to avoid brokers who offer huge incentives, it continues to give a 100 percent bonus on deposits. Further issues are raised by the limits, terms, and conditions, which discourage and penalise withdrawals in various ways.
Review: While Trader's Way is mainly a commission-based broker, it also provide a commission-free trading option as a secondary option. The former starts with raw spreads of 0.0 pips and charges a fee of $3.00 per $100,000 in trading volume, making it one of the most affordable brokers currently in operation in the industry. A minimum mark-up of 0.7 pips, or $7.00 per transaction for 1.0 standard lot, is shown in the latter case. It is necessary to get swap rates on leveraged overnight positions, and Trader's Way provides instructions on how to do so via the trading platform. There may be costs associated with third-party payment processors. There are no additional fees listed on Trader's Way's website.
Review: MT4/MT5 traders may readily get swap rates from their trading platform by following the methods outlined below:
Symbols may be accessed by selecting Symbols from the context menu of the appropriate symbol in the Market Watch window.
Select the relevant currency from the drop-down menu and then click on Properties on the right-hand side.
Scroll down until you see Swap Long and Swap Short on the left-hand side of the screen.
Review: Trader's Way's asset selection is still restricted to 41 currency pairings, three commodities, and nine cryptocurrency pairs, according to the company. In spite of the fact that it states that its purpose is to give traders with limitless trading choices, it offers just 53 trading instruments, making it the broker with the second-fewest total selection among all online brokers. Yet another example of a problematic broker making grandiose declarations and then failing to deliver on those promises.
When it comes to asset selection, traders at Trader's Way must make do with the second-smallest variety of any broker, with just 53 options accessible across forex, cryptocurrencies, and commodities.
Review: Trader's Way offers four different account kinds to its customers, three of which are commission-based and one of which is commission-free. The majority of the trading circumstances stay the same, with the key variation being the trading platform used. The MT4 and MT5 ECN accounts provide access to all assets, however the cTrader ECN account does not provide bitcoin CFDs as an option. Despite the fact that there is no minimum deposit for the commission-free MT4 account, the account comparison website lists a $10 minimum deposit for all four account types, which is among the lowest in the industry. The highest leverage available is 1:1000, with the amount of leverage decreasing with the size of the account.
Review: Trader's Way offers customers with out-of-the-box trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. It enhances the main MT4/MT5 platform with its MT QuickDeal 2.0 plugin, which provides market depth as well as an enhanced one-click trading functionality. Trading at Trader's Way is thus facilitated by the availability of relevant Level 2 data, which supports the STP/ECN execution paradigm. Aside from that, traders may take use of the FxStat Autotrading service, and the FxWire Pro Newsfeed, which together provide a more competitive trading environment when compared to other brokers.
Traders have access to three of the most popular trading platforms available today.
Review: The MT QuickDeal 2.0 plugin extends the functionality of the MT4 and MT5 trading platforms to include Level 2 pricing. A new one-click trading tool has been added as well as volume statistics, profit/loss and break-even data, and an all-out button to end the window. FxStat Autotrading facilitates copy trading via the use of an innovative tool that makes successful traders' tactics accessible in real time on actual accounts. Over 600 news items are provided in bullet points in the FxWire Pro Newsfeed each day, allowing traders to get more relevant information in a shorter amount of time. Trader's Way uses virtual private server (VPS) hosting to service their automated traders. There are two packages available, both of which are free of charge to traders who satisfy the conditions; otherwise, a monthly fee of $30 or $50 would be charged. Trader's Way's primary trading environment is enhanced by the inclusion of these unique features.
With the introduction of MT QuickDeal 2.0, the STP/ECN capabilities of the MT4 and MT5 trading platforms are enhanced.
Review: Trader's Way asserts that it does not do any research for its customers under the area under "Security of Funds." According to the company, the lack of research enables for the operation of a trade environment devoid of conflicts. It is incorrect to assume that brokers that create in-house trading advice are involved in a conflict of interest situation. To excuse its lack of value-added services, Trader's Way shelters behind the assertion. Trader's Way does provide daily live webinars, during which it promises to give trading tips and other relevant material, which is in direct contradiction to its claim that it does not conduct research under the Safety of Funds provisions.
Review: It takes more than an hour to participate in the interactive webinar; although it has good knowledge from one viewpoint, other brokers provide more useful information in less time. While the Trader's Way strategy does cater to a certain sort of trader, the approach continues to be implemented effectively in that regard. There are no longer any justifications for failing to give free education to customers, as is the case with Trader's Way. The live webinar falls short of this expectation and is instead a monologue in which the Chief FX Analyst at Trader's Way gives his thoughts on the market and answers questions.
It is claimed by Trader's Way that it does not make trading suggestions, and that this is an important pillar of the "security" that it provides.
Review: In addition to live chat, Trader's Way offers email and phone help Monday through Friday. The company does not define operational hours, although the live chat service is inaccessible and inactive on weekends. There are three e-mail addresses and a phone number accessible, but there is no physical location listed on the website. Although just 14 questions are answered in the FAQ section, Trader's Way does a good job of explaining its restricted offerings.
Trader's Way has a plethora of contact options for reaching customer service, but does not provide a physical location for the company.
Review: Trader's Way offers a 100 percent deposit bonus up to $5,000, which is exclusively accessible for MT4 trading accounts and has a maximum value of $5,000. Due to the terms and conditions, traders are discouraged from taking their gains, since any withdrawal request would result in the forfeiture of the bonus. Some other brokers may have bonus providing limits, but none of them are as stringent as this one, making the Trader's Way deposit bonus offer one to be avoided. From a statistical standpoint, the greater the number of retail customers who trade, the greater the likelihood of losses. Given the rewards structure of Trader's Way, it looks as though the company is banking on it.
It is still not appropriate to take the Trader's Way incentive under the current circumstances.
Review: The online application requires the following information: a name, an e-mail address, the preferred account type, a date of birth, and a working phone number. New customers must verify their trading account, despite the fact that there is no regulation at Trader's Way, and it takes less than a minute to complete the online form on the company's website. Traders are required to present a copy of their identification as well as one proof of residence document. Trader's Way has the right to reject candidates without providing a reason. However, traders should be aware that Trader's Way is an unregulated organisation based in Dominica, which the company fails to disclose on its website in a clear and understandable manner. Trader's Way does not give a physical location for their registered office, which is another red flag.
It takes less than one minute to complete the online application.
Review: In addition to bank transfers through Abra, Trader's Way accepts payments using credit/debit cards via VLoad, Skrill, Neteller, Perfect Money, FasaPay, and TC Pay. There are also seven cryptocurrencies that it accepts as payment choices, indicating that it has a definite affinity for cryptocurrencies. Trader's Way charges a 1.5 percent currency conversion fee and responds to inquiries within 48 hours of receiving the request. Third-party fees may apply, and the amount of time it takes for a withdrawal to be processed may vary depending on the payment processor. The total range of deposit and withdrawal choices continues to be attractive.
As deposit alternatives, Trader's Way accepts bank transfers as well as seven other cryptocurrencies.
Review: Trader's Way is an unlicensed broker based in the Dominican Republic that accepts deposits and withdrawals. Despite the fact that it does not have a physical location, it maintains its trading environment in a manner that is sufficient to attract traders. When acting on its own behalf, it uses an ECN/STP model to execute orders and runs an NDD. Traders may choose between the MT4/MT5 trading accounts, which have an ECN plugin, and the cTrader trading platform, which is not supported by ECN. However, despite the fact that the asset selection has the second-fewest number of instruments (53), the price environment is very competitive in nature. The initial deposit of $10 is cheap enough for traders to try out Trader's Way, and the highest leverage of 1:1000 may be attractive to scalpers who are looking to make quick profits. While there are no indications of misconduct at Trader's Way, there are a number of warning flags. The restricted variety of assets and the lack of value-added services stand out as particularly problematic. The majority of merchants will be able to locate a more competitive deal somewhere else.
Review: Traders Way specialises in CFD and FX trading options, and the company receives a large number of US customers on a daily basis. This forex broker has seven years of trading expertise in the financial markets and is well regarded as a dependable, competent broker who offers a wide range of trading options.
Review: We extensively examined the Trader Way trading platform and trading circumstances in order to determine whether or not this Trader's Way review is accurate. To assist you in determining whether or not this forex broker is your perfect forex trading partner, we've also included a review of our own personal experience.
Review: Trader's Way is an offshore broker and trading firm based in Dominica, an island republic in the Caribbean that was established in 2010 and registered there. Since the passage of the International Business Companies Act (IBC) in 1996, Dominica has emerged as a desirable destination for any broker seeking to establish an offshore presence in the Caribbean. There is a goal for this forex broker to expand trading freedom, and its jurisdiction does not apply to any country's regulations.
Review: Keeping this in mind, we strongly advise all traders to contact with a legal professional about their abilities to cope with Trader's Way. The address is: 8 Copthall, Roseau Valley, Dominica 00152. (1). Phone and fax numbers are: + 1 846 937 0815. Sales@Trader's Way.com is the email address for new accounts. Customer Service may be reached by email at helpdesk@Trader's Way.com. The following is the email address for Technical Support: support@Trader's Way.com.
Review: Trader's Way is a company that is registered and operates in accordance with the laws of the Commonwealth of Dominica. Because it is not required to get a particular licence for forex operations in its jurisdiction, Trader's Way is classified as a non-regulated forex broker. Trader's Way claims that, despite the fact that it is not regulated, the money of its customers are kept separate from its own funds and are only held in the hands of respectable banks and financial institutions, according to the company.
Review: The four primary types of trading accounts offered by Trader's Way are as follows:
FIX. - This is a normal account with set spreads that allows traders to trade on the Metatrader 4 (MT4) trading platform, which is available to all traders. In addition, there are no minimum deposits or balance amounts required, and traders are offered a leverage of 1:1000.
VAR. - This is a normal account that provides access to the MT4 platform, but with variable spreads instead of fixed spreads. It is perfect for traders who want to learn how to trade without taking on a lot of risk or paying a lot of fee. Aside from that, there is no minimum deposit or balance requirement, and leverage of up to 1:1000 is available.
ECN - This is a Metatrader 4 ECN account with changeable spreads and commissions that are kept as tight as possible. One hundred dollars is required as a minimum deposit, and the leverage is one to one thousand.
ECN — Rather than using the MT4 platform, this account offers traders access to the interbank market using the cTrader trading platform, which offers narrow variable spreads and fee. It offers high leverage of up to 1:500, and traders will be required to make a $50 initial deposit to get started.
Before joining up for a genuine account, traders may establish a demo account and get a free Trader's Way login in order to evaluate the quality of services on offer and understand how the various accounts operate before making a commitment.
Review: In order to evaluate trading success for traders who choose to utilise Trader's Way's services, the company provides two of the most popular forex trading platforms. Every forex trader has a preferred trading platform that they like to use. The MetaTrader 5 (MT5) and MetaTrader 4 (MT4) platforms, as well as the cTrader platform, are examples of such systems.
Review: Because of its Expert Advisors (EAs), technical indicators, and powerful charting package, MetaTrader 4 is the platform of choice for most experienced traders. Furthermore, the MT4 platform is well-known for offering a social trading tool, which allows traders to imitate the trades of other traders. In addition to providing a web-based version of the popular MT4 platform, Trader's Way also provides PC and mobile versions of the platform.
Review: Then there's the cTrader platform, which is also popular among traders and is used by many of them. It is, in fact, an award-winning platform that is available in online, desktop, and mobile versions and has been particularly created for electronic communication network (ECN) trading. In addition to using cMirror, a mirror and social trading tool that works with all cTrader accounts, traders may take advantage of the platform's ability to deliver on rapid order entry, direct order entry through charts, and outstanding execution speeds.
Review: At Trader's Way, there is a resources area, however the training material is quite restricted in scope and quality. Traders can discover an economic calendar, as well as market information and a frequently asked questions section.
Review: Traders may study the market and discuss fundamental events, trading tactics, and trade setups in real time during live forex traders webinars with a broker, which are held from Monday through Thursday. At the conclusion of each webinar, there is often a live Q&A session with a broker to discuss the session, and traders may watch recorded live sessions on the YouTube channel thereafter.
Review: Our overall impression of our interaction with Trader's Way US customers was positive, although we must confess that it might have been even more satisfactory. More instructional information is desperately needed to pique the attention of rookie traders and improve the overall user experience. Furthermore, since Trader's Way is not regulated, consumers will have no protection whatsoever if and when anything occurs to the organisation.
Review: Putting the negatives aside, they do provide some amazing benefits, such as a 100 percent deposit bonus up to $5000 per account, which is restricted to one per customer. For commission-free accounts, there is no minimum initial deposit necessary, and traders may have access to the ECN environment for as low as $10 per transaction. We also like that it is compatible with the most common trading platforms, including MT4 and cTrader.
Review: Although Trader's Way seems to be a trustworthy and fair broker, the fact that the broker is not regulated is a significant drawback in our opinion. It also implies that they may provide an unacceptably high risk for heavy traders, and that those seeking to make large sums of money should avoid them entirely if possible.
Review: Trader's Way is a legally licenced Forex broker based in Dominica that was established in 2011. However, it is not regulated by any government authority. Except for the United States and some other countries where limitations apply, Trader's Way Broker allows customers from all around the globe.
Review: Investors should be aware that Trader's Way is an unregulated offshore forex and CFD broker with its headquarters in Dominica and registered under the name of TW Corp.
Review: Even yet, trading with an offshore broker such as Trader's Way has a number of benefits to trading with a domestic broker, including a simplified registration procedure and high leverage. When trading with Trader's Way, the maximum leverage is up to 1:1000.
Review: The Forex Report Awards honoured Trader's Way as the "Best STP / ECN Broker" in 2014, and the company continues to be a leader in the industry. From Monday to Thursday, the broker also hosts webinars in which its chief currency strategist Wayne McDonell, who was recognised by the well-known FXStreet resource for educational content in 2016, analyses the latest market events on major currency pairs, metals, and cryptocurrencies, among other things. Previously recorded webinar sessions are also available for watching on YouTube at any time.
Review: The Trader's Way broker provides its customers with a rather diverse selection of trading platforms, including the widely used MT4 and MT5, as well as the cTrader platform, which is built specifically for use with the broker's ECN account, among others. Aside from that, all customers have access to services such as Myfxbook Autotrade, which enables users to connect their MT4 accounts with the Autotrade system, allowing them to mimic the trades of other traders automatically.
Review: Instruments for trading
Trader's Way gives access to trading the most popular foreign exchange currency pairs, as well as CFDs on cryptocurrencies, precious metals, and oil, among other commodities. Trader's Way provides medium-level spreads when compared to its rivals, albeit they are not among the smallest in the business.
Review: Trader's Way requires simply a $10 deposit as a starting point. When it comes to depositing and withdrawing cash, international bank transfers, credit and debit cards, as well as numerous electronic wallets, such as Skrill, Neteller, Perfect Money, and FasaPay, are all options. Additionally, Trader's Way allows deposits in a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Stellar, USDC, and USDT, as well as traditional fiat currencies.
Review: As a special offer for new traders, Trader's Way is presently offering a 100 percent deposit bonus on their first investment. MT4 accounts are the only ones that can benefit from this promotion, which has a cap of $ 5,000 per account at a time. However, although the bonus money itself cannot be withdrawn, any profits made as a result of the incentive may be taken out of the account.
Review: Trader's Way is an unregulated offshore forex broker based in Dominica that was established in 2011. While offering high leverage up to 1:1000, it also offers electronic communication networks (ECNs), popular trading platforms such as the MetaTrader 4, the MT5, and the cTrader, as well as a diverse choice of trading assets, including cryptocurrency.
Review: Traders Way was established in 2011 and offers a variety of trading account choices as well as user-friendly trading platforms, in addition to a diverse selection of trading products and competitive trading conditions. They provide narrow spreads starting at 0 pips, cheap fees, and quick trade execution rates because to the use of ECN technology. The broker offers a variety of deposit and withdrawal methods, as well as leverage of up to 1:1000 and customer service that is available 24 hours a day.
Review: Traders Way, established in 2011, is an online trading broker that gives customers from around the world with access to a variety of markets, including forex, commodities, cryptocurrency, metals, energies, and contracts for difference (CFDs).
Review: Traders Way provides a variety of trading platforms, including the widely used MT4 and MT5 platforms, among others. There are a variety of account kinds available to meet the demands and ability levels of different traders. Trading on the move is made feasible by mobile applications and web-based trading platforms. To aid with market research and boost trading efficiency, a variety of instruments are available.
Review: A concept of electronic communication network (ECN) is used by Traders Way, which provides transparent pricing straight from liquidity providers (LPs), interbank market access, quick execution times, and the narrowest spreads feasible. There is no trading desk in order to avoid any potential conflicts of interest between the broker and the customers.
Review: The minimum deposit is as little as $5, and there is variable leverage available up to 1:1000, depending on your needs. Traders may choose between variable spread accounts with spreads beginning as low as 0 pips and competitive charges, or a fixed spread account with spreads starting as low as 2 pips and no commission paid.
Review: Whatever your initial investment or account type, there are no limits on your trading activities. Scalping, hedging, and expert advisers are all permitted. Numerous financing alternatives, including swap-free Islamic accounts that are compliant with Shariah law, are accessible to customers.
Review: The Traders Way concept is to provide customers with the greatest amount of options and freedom possible via trading. This is accomplished via the trading technology and services that are made available to all customers. Every customer, regardless of their level of expertise or the size of their account, is handled with the utmost respect.
Trading Way is an unregulated offshore broker that is officially incorporated in Dominica under the name TW Corp. Trading Way is not a member of the Financial Conduct Authority.
Review: Traders Way claims to keep customer monies separate from their own funds in separate banks from their own funds. Customers' cash should not be utilised for any other purpose and should be readily accessible for withdrawal at any moment. It is important that cash flows be arranged in such a manner that corporate spending cannot be processed from accounts that are holding money owed to customers. According to the website's safety of funds statement, larger ECN account funds are maintained in part with liquidity providers, resulting in a lengthier withdrawal time for larger ECN account funds.
Review: Traders Way has stringent internal rules and processes in place to guarantee that they maintain high levels of company performance. Strict anti-money laundering and know-your-customer (KYC) procedures are in place to fight money laundering and the improper use of funds. They also adhere to the greatest levels of security when it comes to financial transactions and technological advancements. Risk management policies have been put in place based on years of market experience and understanding. They are described below. Despite the absence of oversight from a government entity, they want to establish long-term relationships with their customers by delivering the highest level of transparency and security.
All nations in the globe, with the exception of few countries where limitations apply, are accepted by Traders Way as customers.
Review: Traders Way offers a wide range of trading platforms to accommodate traders with varying degrees of experience and competence. They provide the immensely popular MetaTrader platform, as well as the robust and advanced cTrader platform, as well as mobile and web-based trading options.
Review: There is also the QuickDeal tool, which adds market depth level 2 pricing as well as one-click trading to the MetaTrader trading platform. With the help of the STP/ECN trading engine, the regular MetaTrader is transformed into a more complex STP/ECN trading platform, allowing for more efficient trading.
Review: MetaTrader 4 is a trading platform that allows you to trade stocks, options, and futures (MT4)
Review: MT4 is the most extensively used trading platform, and Trader's Way provides direct interbank market access via its MT4 platform (DMA). There are several features and an easy UI that make it an extremely user-friendly trading environment that can be completely customised.
Review: For chart analysis, there are 50 built-in technical indicators. There are also drawing objects, nine different timeframes, multiple order types and alerts, as well as real-time price quotes in the market watch. There is also a MetaEditor for creating your own custom indicators or automated strategies using the MQL4 programming language. An expert advisor tester (EA tester) is also available for back testing expert advisors (EAs) against historical data that can be downloaded from the MT4 server from inside the platform.
Trading transactions are made more secure by using a 128-bit key to safeguard the information sent between the MT4 terminal and the MT4 servers.
On the desktop (Windows / Mac), on the web, and on mobile (iPhone / iPad / Android / Tablet), MetaTrader 4 (MT4) is accessible.
Review: The MetaTrader 5 trading terminal is the successor of the MetaTrader 4 trading terminal and the next generation of trading terminals. However, there are some additional features like as more order/execution kinds, 21 timeframes, 80 technical indicators, and a strategy tester that can back test several currencies. The UI is largely similar to MT4, with a few exceptions.
Review: The financial news and economic calendar that have been introduced may be utilised to stay up to speed with the newest market developments as well as for fundamental analysis. When you look at the Depth of Market (DOM), you may see the bids and offers for a certain instrument at the best prices (those that are closest to the market). The volume of each order is also shown in the DOM window.
Review: MT5 is available on a variety of platforms, including desktop (Windows / Mac), online, and mobile (iPhone / iPad / Android / Tablet).
Review: The MetaTrader online terminal provides the same functionality and interface as the desktop platforms, but without the need to install or execute any software on your computer. You just open the platform in your browser and begin working with it. Any information that is transferred is securely encrypted.
Review: With the MetaTrader mobile applications, you can access and manage your trading account from any portable device, such as a cell phone or a tablet, while on the road. You could find this beneficial if you want to keep up with the markets and your holdings but you don't have access to your desktop computer at the moment. You may access the mobile platforms from any location in the globe as long as you have an internet connection to do so. The mobile platforms may be downloaded for free on both Android and iOS devices.
Review: cTrader is another another user-friendly platform that is packed with features and specifically intended for ECN/STP trading. It allows regular traders to take use of the benefits that institutional traders have, such as higher execution speeds (milliseconds) and level 2 pricing.
Review: Trades are sent over electronic communication networks (ECNs) directly to liquidity providers, such as global banks, resulting in a transparent live trading environment with no broker dealing desk to meddle and a fair playing field for participants.
Review: Manual trading is supported by cTrader, which has comprehensive charting capabilities and one-click capability. Several technical analysis indicators, numerous periods, detachable charts, template and other features are available to users. Fully automated trading is also feasible via the use of the proprietary algorithmic platform developed by cAlgo.
Review: The depth of market indicator on cTrader displays the whole range of executable prices received from liquidity sources. In order to execute orders against the whole order book, the Volume Weighted Average Price method is used (VWAP).
Review: The cTrader online terminal offers the same functionality as the desktop platform, without the need to install or execute any extra software on your computer. You may trade from any computer with an internet connection, and you will have access to clear pricing, quick speeds, and all of the features of cTrader, which will be displayed right in your web browser.
Review: The cTrader mobile apps are available for both Android and iOS devices, allowing you to trade while on the move using any mobile device that is compatible with the cTrader platform. The fundamental functionality of cTrader has not changed. Installing the cTrader mobile app is as simple as entering your Trader's Way account number and password.
Review: A range of trading tools are available from Traders Way, which may be used to increase trading efficiency, conduct market research, and generate trade signals.
Review: The QuickDeal tool is an add-on for MetaTrader 4 and MetaTrader 5 that allows for market depth level 2 pricing as well as one-click trading on the platforms. Market depth provides you with a more complete understanding of the market to aid in the making of trading choices, while one-click trading enables you to initiate, manage, and finish deals in a rapid and easy manner.
Review: In order to duplicate or mirror the trades of other signal providers or to send your own signals, you must use the cMirror programme. For employing their signal service, service providers charge a fee to the customer. During the mirroring process, signals are automatically opened and closed, and you have the ability to customise your risk management settings and to halt the mirroring process at any moment. It is possible to see the trading history and current positions of signal providers in order to determine whether or not they are a good alternative. It should be reminded that previous performance is in no way indicative of future results.
Review: A built-in social trading feature is available on the MetaTrader platforms, allowing you to replicate other traders' signals straight into your terminal for free or for a small monthly subscription. If you are interested in any signals, you may browse through the signal providers and evaluate their performance before choosing to subscribe to any signals that catch your eye. You are also welcome to provide your own signals. In this case, past performance is by no means a predictor of future performance.
Review: Trader's Way provides qualified customers with a high-quality virtual private server (VPS) that is accessible 24 hours a day, seven days a week. To be eligible for a free VPS, you must have a minimum deposit of $1,000, make at least 5 transactions, and trade a minimum of 10 lots every month in order to qualify. Getting the VPS but not meeting the minimal criteria may result in the monthly fee being charged to your account.
Review: A virtual private server (VPS) allows you to operate your trading platform all of the time without having to turn on your computer, and it can be accessible from anywhere in the world. This is sometimes referred to as a solution for people who desire to have expert advisers (EA) available at all times.
Review: Due to the fact that the VPS's are housed in close proximity to Traders Way's main server, you can expect high uptime regardless of the quality of your own internet connection. Virtual private servers (VPS) come pre-installed with MetaTrader and are capable of operating many trading terminals at the same time.
Review: Real-time financial market newsfeed FxWire Pro by IBTimes is incorporated into the Trader's Way MetaTrader platforms, and it is intended for professional traders only. In addition to providing traders with a complete perspective and insight into global markets, it may also be utilised to do fundamental research.
Review: International Business Times (IBTimes) is a worldwide network of journalists from over 13 countries that provide the most essential market news in an easy-to-digest style, saving time by eliminating the need to go through many news releases from different sources. Every day, 600 pieces of news are covered, including economic release notifications, round-the-clock news coverage of all market trading hours, reviews of current events, and an overview of impending events, among other things.
Review: FxStat assists traders all around the globe in getting their businesses up and running and connecting with other successful traders and investors. They do this by developing cutting-edge technology and making it available to traders who would not otherwise have been able to connect with other traders across the world. You may link your Traders Way account to FxStat in order to imitate the trading signals of other traders on the platform. It's important to remember that there can be no assurance as to how well these trading signals will perform in the future, and that previous performance is in no way indicative of future outcomes.
Review: An integrated economic calendar is available on Trader's Way's website, which is offered by MetaQuotes, the Russian provider of the MetaTrader trading platform. Listed here are the most recent and impending news releases, as well as the markets that were affected, and both the projected and actual consequences. This calender might be handy for staying up to date with the latest market news as well as for doing fundamental research.
Review: Some of the fundamental trading concepts covered by Traders Way are strewn across their website in areas that would be valuable to new traders. Otherwise, instructional content in the form of video lessons and trading manuals is sparse, but they do provide weekly market outlooks and webinars that might aid in improving one's knowledge of financial markets.
Review: To open a Traders Way account, you must first fill out a brief online application, which may be found here. Once this is completed, you will be required to validate your email address and submit documents for Know Your Customer (KYC) checks. These may include images of your passport and utility bills to serve as verification of your identity and residence address. After your account has been validated by the accounts department, you will be able to fund it and begin trading.
Sites like Trader's Way
Here is the list of brokers where Indians can trade Forex, Shares, CFDs, and Cryptocurrencies (Bitcoin, Ethereum):
- Olymp Trade - Facebook, Twitter, YouTube, Twitch, Reddit, Quora and Google Search user activity suggests that this one is gaining a lot of traction
- Quotex - Picking up steam in India in terms of popularity. Also famous in the US.
- OctaFX - OctaFX provides an entry-level, low-cost MetaTrader platform in addition to its social copy-trading platform.
- Binance - Great for investing in cryptocurrencies and is also an exchange platform.
- ExpertOption - Extensive instructional materials are made available by ExpertOption to its customers.
- 5paisa - 5paisa Capital Ltd is a publicly-traded and professionally managed firm.
- Kotak Securities Limited. - They have shown that they are deserving of the title of well-known and well renowned full-service brokerage business.
- RoboForex - Users from a variety of various backgrounds may be guaranteed of a flawless trading experience.
- VantageFX - Vantage completes its MetaTrader platform suite offering with support for numerous social trading platforms.
- Capex - It has swiftly established a reputation for itself by providing an enormous variety of complicated trading tools.
- PocketOption - Pocket Option is one of the most reputable binary options trading platforms.
- ThinkMarkets - Multi-regulated broker that specialises in forex and contract for difference (CFD) trading.
- IQ Option - At the moment, this broker has more than 48 million registered users and processes more than a million transactions per day.
- Karvy - It is one of the most well-known brokerage businesses in India, with its headquarters in Hyderabad.
- Trading212 - It was founded in 2013 and is regulated by the Financial Conduct Authority.
- Markets.com - An excellent choice for traders looking for a comprehensive and dependable online platform.
- Capital.com - A multi-award-winning worldwide investment broker that originated in the United Kingdom.
- Trade.com - A premium brand, it provides a robust infrastructure as well as cutting-edge software.
- Sharekhan - The full-service broker was once affiliated with SSKI and was recently bought by the BNP Paribas Financial Services Group.
- Alpari - One of the world's biggest forex brokerage firms.
- iForex - A well-known forex and CFD broker that provides a wide range of tradable assets
- Exness - Exness a legitimate company in terms of usability.
- FP Markets - An Australian CFD and FX broker founded in 2005.
- IC Markets - A top-tier broker for serious Forex traders, and it is regulated by financial regulators.
- FBS - Its brokerage platform provides access to worldwide markets.
- XTB - This Polish broker is one of the largest publicly traded Forex and CFD brokers in the world.
- Hugo's way - Registered in the Seychelles; it's a new player in the social trading arena.
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Written by Swarna Shrivastav
I'm an investment banker. But I also write for, and fact-check articles published by ForexBrokers.co.in. Full Bio.
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