• Wed. Dec 1st, 2021

Neonews.online

Actual and verified news from Ukraine and the world

Trader’s Way Broker Reviews

Byadmin

May 25, 2021

The company was founded in 2011 in the Caribbean on the island that bears the name – Haiti, in the Dominican Republic. This broker does not have its own platform, so the trading is done on third-party platforms, such as Metatrader and cTrader.

More information about the platforms

MT4 is the most popular platform, has a rich functionality of tools for trading and indicators for analysis and charting. From TradersWay Company was added only ECN – trading, thanks to which clients get direct access to interbank exchange with the most profitable quotations. The platform is suitable for all systems, including desktops, tablets and smartphones, except for computers based on MacOS, where additional software should be installed.

MetaTrader 5

The next generation of MT platform with a slightly larger set of indicators

cTrader

If ECN-trading is important to a client, cTrader is ideal for this purpose, in addition, the trader gets direct access to liquidity providers, while interference of a broker in trading is avoided. The platform is suitable for all modern devices with internet access.

Markets

Markets

Only about fifty assets are available for trading, including currencies, metals, oil and cryptocurrencies. Clients can trade up to 50 assets in Forex (42 pairs), metals (gold and silver), oil and 9 types of cryptocurrencies. Interestingly, index and stock trading is not available.

Trading Commission

Spreads and commissions are different for each of the four account types, starting from zero pips and averaging only 0.5 pips for popular currency pairs.

MT4 VAR account – there is no commission, or rather it is included in the spread

MT4 and MT5 ECN – commission of $25 for a million dollars turnover

CT ECN – $3 for a turnover of $100 000.

The return of some part of commission is possible in case of large trading turnovers.

Information about swaps – at the broker’s website

Leverage

Leverage size – from 1:500 for CT ECN rates up to 1:100 for other rates. Margin – 0.1 per cent of open positions. For exact calculation of margin requirements, the company has placed the margin calculator on the company’s website.

Mobile App

Since the company has not developed its own software, it does not have mobile applications. Mobile versions of MT4 and MT5 platforms are available for downloading from the AppStore and Google Play. There are no difficulties with installation, no money is withdrawn for the use of the application.

Withdrawing profits and depositing

Account replenishment is available from your personal account in one of four currencies: U.S. dollar, Canadian dollar, euro, and pound sterling. Fees may be withdrawn depending on the currency and method of payment. Payments are processed within two days. Moreover, method of depositing must coincide with the method of withdrawal, for example, you deposit $ 1000 from your bank card and want to withdraw $ 2000 from your account, in this case, $ 1000 should be credited exactly to the card, and the remaining amount can be withdrawn by any other way.

Demo account

A demo account enables clients to get acquainted with trading opportunities without risking their budget. Trading conditions on demo account are identical to real account.

Bonuses

Due to the fact that the company is not regulated by organizations with strict rules, it can use bonuses to attract customers. For example, a bonus for depositing a trading account. The maximum value is $5,000. This bonus cannot be withdrawn, but it can be used to pay for some of the company’s services and fees. Before requesting this bonus, please carefully read the terms of its provision on the company’s website or by contacting support.

Regulation

The broker is not regulated by any reputable organization, which means that the company is guided only by internal rules. It should be noted that this is not always a bad thing. For example, it is easier for such companies to conduct an active policy of bonuses and provide a generous leverage. The company’s website says that it strictly adheres to the AML organization and KYC policies, all clients are subject to mandatory verification

Account options.

All accounts require a minimum deposit of $10. The broker offers 3 ECN accounts and 1 standard MT4 account:

MT 4 ECN and MT 5 ECN – based on the account name, it is offered to work on the Metatrader line of platforms, the minimum deposit is only $10, spreads are variable, but you get direct access to interbank trading and liquidity directly.

MT 4 VAR – the account without commissions and without payment for transferring trades to the next day. The minimum deposit is $10. This account is for those who wants to test their strengths in real conditions before migrating to professional rates of ECN line.

MT4 VAR is the least risky account with access to the interbank market.

CTECN – for niche players with Forex and metals assets in the STP/ECN format. It is possible to trade in the automatic mode on the proprietary cAlgo algorithm. Here, traders will find the tightest spreads and minimal slippage with the fastest execution.

Support

There are several options for contacting customer service via the feedback form on the website, by phone at +1 849 9370815 or by e-mail at helpdesk@tradersway.com

Security

The broker is not regulated by any organization, but follows AML and KYC policies, according to a company representative. Client funds are not kept in the company’s accounts; separate accounts have been created for them. There is no protection against a negative balance, which means that a client can go into deficit.

Overviews for another brokers:

Следите за нами и ставьте лайки:

Leave a Reply

Your email address will not be published. Required fields are marked *

Wordpress Social Share Plugin powered by Ultimatelysocial