Tradersway Broker is an online financial trading platform and multi-asset broker founded in 2008.
Over the last few years, Tradersway has grown and now offers Forex Trading, CFD Trading, Social Trading, and Share Dealing Trading.
They have a head office in the Commonwealth of Dominica.
We will dive deep into the Tradersway Broker, so that you can make an informed decision as to
- whether they are safe
- whether they would satisfy your wants and needs
Let’s begin with the basic information.
Broker Details
| Minimum Trade Size: 0.01 | Maximum Leverage: 1000:1 | Minimum to Open Live: $1 |
| Established: 2011 | Trading platforms: MT4, MT5, cTrader | EAs/Robots: Yes |
| Address: 8 Copthall, Roseau, Dominica | ECN: Yes | News Spike Trading: Yes |
| Contact: helpdesk@tradersway.com, +1 849 9370815 | Currencies: (45+) | Scalping: Yes |
| Prohibited Countries: America and Malaysia | Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum | |
| Regulated By: Unregulated | CFD: (5+) Gold, Silver, Stock Indexes, Oil, Other Commodities |
Tradersway is a multi-asset platform with more than 231 trading assets. Including Forex, CFD, Social Sharing, and Trading assets.
Here are some features of Tradersway that we are about to break down. Take a look.
- Demo Account Availability
- Social Trading Availability
- Copy Trading
- Advanced Financial Chart Comparison Tools
- Research-Backed Analysis
- Availability of trading platforms for different devices
- 15 languages supported
Regulation of Tradersway
As discussed above, Tradersway isn’t regulated and that’s why most traders don’t want to invest in this platform.
But, they have strict Terms and Conditions, and Safety of Refundspolicies that you can read before investing. Also, you can contact them via live chat if you’ve any reservations about the “Unregulated Tag.”
Account Types
Tradersway offers four types of accounts for you to choose from.
- MT4 ECN
- MT4 VAR
- MT5 ECN
- CT ECN
Let’s compare them all and see which one best fits your needs.
| Account type | MT4.ECN. | MT4.VAR. | MT5.ECN. | CT.ECN. |
| Description | MetaTrader 4 ECN account with tight variable spread and commission | Standard account with variable spread | MetaTrader 5 ECN account with tight variable spread and commission | cTrader ECN account with tight variable spread and commission |
| Minimum Deposit | 10 USD | 10 USD | 10 USD | 10 USD |
| Maximum Balance | No limitations | No limitations | No limitations | No limitations |
| Account Currency | USD, EUR, CAD, GBP | USD, EUR, CAD, GBP | USD, EUR, CAD, GBP, BTC | USD |
| Spread Type | Variable | Variable | Variable | Variable |
| Minimum Spread | 0 pips | 0.7 pips | 0 pips | 0 pips |
| Lot Size | 1 Standard Lot (100,000 units) | 1 Standard Lot (100,000 units) | 1 Standard Lot (100,000 units) | 1 Standard Lot (100,000 units) |
| Minimum Order Size | 0.01 lots (1000 units) | 0.01 lots (1000 units) | 0.01 lots (1000 units) | 0.01 lots (1000 units) |
| Order Step Size | 0.01 lots (1000 units) | 0.01 lots (1000 units) | 0.01 lots (1000 units) | 0.01 lots (1000 units) |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:500 |
| Commission | Yes | No | Yes | Yes |
| Execution Type | Market | Market | Market | Market |
| Stop Out Level | 40 | 40 | 40 | 40 |
| Demo Version | Yes | Yes | Yes | Yes |
| Trading Instruments | Forex, Metals, Energies, Cryptos | Forex, Metals, Energies, Cryptos | Forex, Metals, Energies, Cryptos | Forex, Metals |
| Trading Platforms | MetaTrader 4, MT4 Mobile Apps, MT Web Terminal, VPS | MetaTrader 4, MT4 Mobile Apps, MT Web Terminal VPS | MetaTrader 5, Mobile Apps, Web Terminal, VPS | cTrader, cTrader Web, VPS |
| Swap-free account | Unavailable | Available | Unavailable | Unavailable |
Also, they do offer demo account opening for all the account types. This will help you BIG TIME in choosing the perfect account type for your needs.
Trading Platforms of Tradersway Broker
Trading Platforms are important. Which is most traders look for the “Trading Platforms and Account Types” before they open up an account.
There are three types of trading platforms offered by this brokerage:
- MT4
- MT5
- cTrader
Let’s break down the benefits and features of all the above-given trading platforms:
Benefits and Features of MT4
- Easy to navigate user-interface
- Customizable Charts
- Reliable Virtual Private Server Services
- CFD Trading
- Cryptocurrency Trading
Benefits and Features of MT5
- Stop Limit Orders
- E-commerce Calendar (Built-in)
- Advanced Trading tools (One-click)
- Highly Customizable Interface
- CFD Trading
- Crypto Trading
Benefits and Features of cTrader
- Level II Quotes
- Server Trailing Stops
- Cloud Services (To keep all the data in one place)
- One-click trading
- FIX API
It is time to compare the features of these three trading platforms.
Comparison
| MetaTrader 4 | MetaTrader 5 | cTrader |
| Market Execution: Yes | Market Execution: Yes | Market Execution: Yes |
| Web Trading: Yes | Web Trading: Yes | Web Trading: Yes |
| IOS and Android Apps: Yes | IOS and Android Apps: Yes | IOS and Android Apps: Yes |
| Mobile Browsing Trading: No | Mobile Browsing Trading: Yes | Mobile Browsing Trading: Yes |
| Hedging: Yes | Hedging: Yes | Hedging: Yes |
| Volume Calculation in Lots: Yes | Volume Calculation in Lots: Yes | Volume Calculation in Lots: Yes |
| Volume Calculation in Units: No | Volume Calculation in Units: Yes | Volume Calculation in Units: Yes |
| Signals Trading: Yes | Signals Trading: Yes | Signals Trading: No |
| One-Click Trading: Yes | One-Click Trading: Yes | One-Click Trading: Yes |
All the information written above is collected from “OctaFX Website.”
You can download the trading platforms from the official website of Tradersway Broker. Here are the trading platform versions available for download:
- MetaTrader 4
- MetaTrader 5
- MetaTrader Web Terminal
- MetaTrader Mobile Applications
- MetaTrader for IOS
- MetaTrader for Mac
- cTrader
- cAlgo
- cTrader Web and Mobile Apps
Tradersway Broker Spread
The technical possibilities and access to liquidity allow Tradersway Broker to offer a minimum spread for trading on any account. Also, they understand the needs of traders and offer you “Fixed Spread and Floating Spread.”
The spread is available for the following forex currency pairs:
| EUR/USD | 0.2 |
| GDP/USD | 0.9 |
| USD/CHF | 0.4 |
| USD/JPY | 0.5 |
Tradersway Broker Execution Types
Tradersway offers two types of execution:
- Instant Execution
- Market Execution
What is Instant Execution?
It is a type of forex execution in which “You have to specify the volume and price of your order,” and the order should be processed instantly. If the trading price changes at the time of order placement, a broker cannot change the execution price.
It may or may not go in favor of the client, depending upon different situations and conditions.
What is Market Execution?
Market execution is a type of forex execution in which the client places the order and specifies the volume only. The broker has to buy the order with the current price and can’t request the client for the price change in case of any “Market price changes.”
Leverage/Margins of Tradersway Account
The leverages/margins of all the account type are listed below:
- Demo Account (You can customize leverage/margin)
- Standard Account: 1:3000
- ECN Account: 1:500
- Islamic Account: 1:500
Customer Service
Customer Service is the backbone of any company. It is important that you deal with your traders well and enlighten them about everything they are looking for.
You can contact them via:
- Live Chat
- Phone Number
Also, they have a FAQs section on their website where you can get the answers to many of your question quickly. In short, they are doing fine with customer service.
How to open an account on Tradersway Broker?
Opening a Tradersway account is easy. Just follow the steps given below.
- Head towards the official website of Tradersway or Click Here
- Now, click on the open live account from the menu. Or, you can open a demo account as well.
- Enter your Personal Information there and then choose the account type.
- Once you’ve entered all the information, click on the Open Account Now button.
- They will send you a confirmation email or SMS after the approval.
How to deposit/withdraw money?
Depositing and withdrawing of money is as easy as opening the account. Just follow the steps given below.
- Login to your account.
- Go to the menu and select a withdrawal/deposit option.
- Enter the requested information.
- Click on the Submit button and they will review your request.
- Once everything is done, they will notify you through email or SMS.
Comparison of Tradersway and VantageFX
| Tradersway | VantageFX.com |
| Account Types: Standard and ECN | Account Types: Standard and ECN |
| Minimum Deposit: $10 | Minimum Deposit: $200 |
| Minimum Trade Size: 0.01 | Minimum Trade Size: 0.01 |
| Maximum Leverage: 1:3000 | Maximum Leverage: 1:500 |
| Average Spreads: Fixed 2 pips of USD/EUR | Average Spreads: Fixed 1.4 pips of USD/EUR |
| Regulated by: No one | Regulated by: ASIC |
| Headquarter: The Commonwealth of Dominica | Headquarter: Australia |
Advantages and Disadvantages of Tradersway Broker
Advantages
- They offer multiple trading platforms.
- Tradersway has introduced CFDs for Bitcoin.
- There are many account types to choose from.
- Account opening and withdrawal/depositing of money is easy.
- More than 40 payment methods to choose from.
- Customer Care Service is top-notch.
Disadvantages
- They aren’t regulated.
Tradersway Contests, Promotions, and Bonuses
You can get a 100% deposit bonus if depositing money for the first time. But getting the bonus might not be that easy as it seems. Follow the instructions given below.
- Login to your newly opened account
- Deposit money into it
- Claim your bonus by clicking on Claim Bonus option
- You’re done.
Note* you won’t be able to withdraw the bonus amount until you use it for trading purposes. Also, you can get a bonus up to $5000.
Subscribe to the newsletter of Tradersway brokers and you’ll get to know about the promotions and contests through an email or SMS. That’s all from the Tradersway Broker Review article, and if you’ve any questions, let us know in your comments.
Also Read: Everything you Need to know About Axiory Broker
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