TradersWay Review (2023)

Is TradersWay legit or a scam?

TradersWay is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

This results in a very high risk trading opportunity, despite its alluring proposal.

Indeed, the Dominica governmental guidelines and compliance with the laws mandates financial sector regulation, yet do not cover the Forex business yet and are rather just a registration of an entity without particular settlement standards that may ensure safe trading environment.

What is TradersWay?

TW Corp. or TradersWay is established in the Dominica offshore Forex broker company that offers various platforms and social trading capabilities while targeting traders worldwide.

• Company name: TradersWay
• Registration/ License: Dominica

Besides that TradersWay operates over 10 years in the markets and presents itself as a reputable broker with great customer service, wide trading offering, a large selection of trading markets and tools, account types with low deposits also provided with low spreads (Low Spread Forex Brokers). Mentioning, that the trading performance established through technological execution on market popular trading platforms MT4 ECN and cTrader.

However, and in fact TradersWay being an offshore based and only authorized broker under Dominica laws, resulting in that TradersWay lacks serious regulation and its applied safety measures.

Is TradersWay a scam?

Indeed, the Dominica governmental guidelines and compliance with the laws mandates financial sector regulation, yet do not cover the Forex business yet and are rather just a registration of an entity without particular settlement standards that may ensure safe trading environment.

Unfortunately, we cant say that TradersWay is a safe broker, it is a high-risk brokerage firm that does not prove any of its trustable scores since it is not a regulated firm, but just an offshore registered company.

For your better understanding read more Why not trade with offshore brokers.

Therefore, apart from the TradersWay customer service satisfactory proposals that seem to be developed with a dedicated approach and cover clients’ needs, the unlicensed environment of the company does not provide any guarantees to their investors.

• You will never know what you will get in reality, while trading with an offshore or unregulated broker.
• Traders may not get a true ECN environment, proper market execution and most important prove that accounts are managed properly according to international safety measures.
• In addition, there is no clear state of how exactly the client’s investment and money managed even though there is a mentioning on the website about strict safety compliance to money operations. Which means you should just believe in the word of mouth.

TradersWay in the USA

No, TradersWay is not a US Broker (See Forex Brokers for US Clients) and does NOT accept US traders, even though you may find some claims about that! 

TradersWay is a company located in Dominica, while Dominica itself attracted many financial companies or activists to perform and deliver services to international clients, while however, the company may not hold any strict, reputable license or comply with the operational guidelines that ensure client’s safety.

Deposit & Withdrawal

The minimum deposit (You may be interested in reading Alpari Broker’s Deposit & Withdrawals information by link) for opening an account with Traders Way is $10 USD/GBP. Traders Way charges deposit fees depending on the payment method which you use to fund the account. 

Traders Way withdrawal fees vary depending on the selected withdrawal payment method. Withdrawal requests are processed within 48 hours on business days. 

Traders Way accepts deposits/withdrawals via the following payment systems: Credit cards, Debit Cards via Vload, Bank Wire transfer, Bank Transfer (Abra), Bitcoin, Ether, Litecoin, Ripple, USD Coin (USDC), Tether (USDT), TrueUSD (TUSD), Skrill, Neteller, Perfect Money, FasaPay.

Apps

The broker provides a big range of trading instruments used on top of the popular and well-known MetaTrader 4 and  MetaTrader 5 platforms with Standard and ECN accounts available. Moreover, its traders can enjoy fast and convenient one-click trading in MT4 and MT5 with their QuickDeal tool.

There is also a cTrader platform for ECN trading. Trader’s Way cTrader provides full ECN access to the markets for professional and new traders with the help of cTader.

Conclusion

It is always a choice of a trader to open a Live or Demo account and engage in trading with Traders’ Way or any other offshore licensed company and involve yourself into a high risk to lose money. However, it is highly recommended to choose the best broker and give the preference to the Regulated Brokers that comply with the sharp operational requirements, deliver client’s safety of funds and manage the risks.

Besides the competitive trading conditions, the reliability and sufficient safety always come first, therefore, we advise all traders to open an account only with the authorized by the respected regulation companies which you may find through our lists of Regulated Forex Brokers.

So you better trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable Forex companies such as BDSwiss and BlackBull Markets.