Traders Way Review – A Decade of Trust in Trading


FxNews—Trader’s Way was established as a forex and CFD broker in 2010. At first, the broker offered the MetaTrader 4 platform, the most popular trading platform to date. After five years, Trader’s Way added a new platform, starting with cTrader, a unique platform with advanced features and a more modern user interface. Finally, in early 2019, Trader’s Way added the latest MetaQuote platform, MetaTrader 5.

Traders Way Review: A Decade of Trust in Trading

Traders Way Review: A Decade of Trust in Trading

Traders Way Review: A Decade of Trust in Trading

We have been monitoring Trader’s Way for ten years now, and as of writing this article, we have concluded that Trader’s Way is a reliable broker for retail and primary CFD and Forex traders. This article delves into more details about the company, such as payment options, available platforms, account types, promotions, etc.

How to Verify Your Account with Trader’s Way

The broker accepts clients worldwide except for a few, including the United States, Italy, and Spain. But if you wish to know more about whether you can register for an account with them, it is better to contact the Trader’s Way support team, which is available 24/7.

The verification process at Trader’s Way is simple. Registrars can complete the KYC process on the client dashboard by uploading color images of their IDs’ front and back sides. Translating the document is not necessary, but the images should be read clearly. Uploading proof of address is not required, and customers can upload it based on their preference.

Traders Way Review on Customer Support

Traders Way Review on Customer Support

Trader’s Way has expanded its customers worldwide to more than 50 countries. As the company grew, management added 24/7 round-the-clock support in multiple languages. English is the primary language of Trader’s Way support, but there are options for registrars who don’t speak English. In addition to English support, Trader’s Way added Spanish, Persian, and Filipino support, which can be accessed either by live chat or email address.

If you speak a different language, you should not worry when you contact Trader’s Way. You can email their support team, who will respond in your mother language within 24 hours or less.

Trader’s Way Ensures Safe Client Funds

The company has a strict policy regarding clients’ money. All funds are kept separate from the company’s funds in a segregated account. This policy ensures the company can process customers’ withdrawals upon clients’ demand without hesitation, regardless of the amount.

To know more about Trader’s Way’s Safety of Funds policy, visit its official Safety of Funds page.

Trader’s Way Review on Price Feed and LPs

Trader’s Way utilizes multiple tier 1 liquidity providers to keep the market watch feed and relevant data smooth and error-free. The prices are integrated through Trader’s Way’s advanced hub, where traders worldwide, regardless of their level of expertise, can access the CFD market around the clock.

The most significant advantage of transparent pricing is for customers who like high-frequency trading or trading on high-impact news. The Trader’s Way hub ensures all trades are processed within milliseconds and with zero or minimum slippage, regardless of the market volatility.

How Trader’s Way Offers Tightest Spreads

How Trader's Way Offers Tightest Spreads

How Trader’s Way Offers Tightest Spreads

The Trader’s Way hub is integrated with multiple Tier 1 liquidity providers. The advantage of having several Tier 1 banks on your side is that the hub can filter out quotes with wider spreads to show the best price and the tightest spread that suits Trader’s Way’s customers.

Discover Low Commission Trading with Trader’s Way

Low Commission Trading with Trader's Way

Trader’s Way is an ECN broker that profits only from a small commission on each trade. The minimum commission is $3 per standard lot for currency pairs like AUD/USD. Due to their vast customer base, Trader’s ay kept both spread and commissions at their lowest possible levels.

If you wish to know more about Trader’s Way’s commission and spread, please visit here to learn how each trading instrument’s commissions are calculated. But if you are not into math, you can create a demo account with virtual money without the risk and review the spread before opening a live account.

Flexible Leverage Options for All Traders

While trading with high leverage is not recommended because it increases risk, Trader’s Way allows clients to adjust their leverage accordingly. Through the user-friendly and easy-to-use client portal, traders can select a range of leverage from 1:1 to 1:1000.

A wide range of leverage options is available for all types of accounts. While Trader’s Way doesn’t recommend traders use high leverage, their official website states that the leverage should not exceed 1:20.

MT4/5 and cTrader Free Demos at Traders Way

Trader’s Way offers free demo access to all three platforms, MetaTrader 4, MetaTrader 5, and cTrader, without KYC approval. This is ideal for newbies who want to learn the platform and the market and for professionals and more experienced traders who initially register to test the trading conditions.

The trading conditions are the same as those of a live account. The spread and commission are the same but with one difference. The demo account does not have slippage because it is not connected to the live market. Therefore, new traders should consider this if their trading strategies contain news or high-frequency trading.

Both demo and live users can access the client portal and customer support. The company doesn’t discriminate between demo and live users; all are served equally without biased behavior.

Why Trader’s Way Dominates with MT4, MT5, cTrader

Why Trader's Way Dominates with MT4, MT5, cTrader

As of writing this article, Trader’s Way offers the top three most popular trading platforms.

MetaTrader 4 (MT4): MT4 is one of the oldest trading platforms available. It was officially released on July 1, 2005, and quickly became the most popular platform due to its capability to use technical indicators, robot expert advisors, and user-friendliness.

The platform became available on all devices, including tablets, mobiles, the web, and desktops. Trading Forex, stocks, and commodities were at the reach of traders’ fingertips with just a few clicks.

MetaTrader 5 (MT5): Released on June 1, 2010, MT5 is the newer version of MT4. The user interface received a slight upgrade compared to the MT4 platform, but primarily, the improvements were in more advanced stock, crypto, and forex trading, providing market depth. The MT5 platform also improved strategy testing and more sophisticated algorithmic trading capabilities.

cTrader: This more advanced trading platform, than MT4 and MT5, has a user interface that can be more complicated than MetaQuotes’ software. cTrader was launched in April 2011 and became popular among more advanced traders because of its cloud service, robust algorithmic trading support, and the fact that the platform could sync on all devices without needing to edit or reapply the settings.

The company also supports cTrader Automate, cTrader Copy, FxStat auto trading, and the fxWire Pro news feed for advanced traders. The primary trading platforms are accessible for both demo and live account users.

Trader’s Way Payment Options

Traders worldwide ought to quickly add funds to their balances and access their cash efficiently when they withdraw their money or the remainder of their balance. Trader’s Way offers a wide range of payment options for its users.

  • Cryptocurrencies, Skrill, Neteller, Perfect Money, FasaPay, Bank Transfer (ABRA), TC Pay (Top-change), and local transfers from Malaysia, Vietnam, Nigeria, and India are available.
  • Clients at Trader’s Way can access all available payment options by logging into their client portal.
  • Deposits at Trader’s Way are instant if the payment options are Perfect Money, Neteller, or Skrill, while bank transfers might take up to 4 working days.

The time it takes to process cryptocurrencies varies depending on the network speed and the gas fee, but it might take a few minutes up to 1 hour. Crypto payments on the Tron and Ethereum networks are fast, taking less than 10 minutes.

It is worth mentioning that Trader’s Way processes all crypto and e-wallet deposits automatically.

Traders Way Withdrawal Policies

Traders Way Withdrawal Policies

Trader’s Way processes all withdrawal requests without asking questions from their customers. After all, traders are entitled to cash their earnings or what’s left from their balance without issues, and Trader’s Way ensures all transactions and requests go smoothly as planned.

However, due to high demands, the processing time might take up to 2 working days or 48 hours during weekdays. The company doesn’t process withdrawal requests on weekdays, but traders can place their orders on Saturdays and Sundays, which are processed by Tuesday.

Important: Trader’s Way does not overlook the withdrawal amount; the process will be the same, whether $1 or $100,000. All customers at Trader’s Way are treated equally.

Traders Way Bonus: 100% Deposit Bonus

Traders Way Bonus

The company doesn’t offer a tradeable bonus. Instead, they offer a 100% deposit bonus, which all customers at Trader’s Way can access. The bonus is limited to up to $5,000 per client, which is a good deal.

The advantage of this bonus is that it provides a more significant margin to the customers’ margin. For instance, if a new trader has $100 in the balance and can’t trade Bitcoin because the maximum leverage of Bitcoin is 1:10. But with the Trader’s Way 100% deposit bonus, the client will have an extra $100 as a credit to the balance, meaning the trader can have $200 in balance.

The 100% deposit bonus makes low-leveraged products such as cryptocurrencies, precious metals, energies, stocks, and indices accessible for trading.

Another advantage of the Trader’s Way 100% Deposit bonus is the rebate! As customers trade on their account, $0.5 of the credit is released from the credit to the balance. While the 100% deposit bonus can’t be withdrawn or aid traders in drawdowns and stop-outs, the rebate carries this burden. The amount of the rebate released by traders will be available for trading or withdrawal at customers’ will.

Other terms of this 100% Forex Deposit Bonus include:

  • The unreleased part of the bonus cannot be withdrawn.
  • Any remaining credit that is not released will be canceled in the event of any withdrawal.
  • The bonus is available only on Trader’s Way MT4.VAR, and MT4.ECN account types. The promotion is not offered to accounts created on MetaTrader 5 and cTrader platforms.
  • The bonus can be accessed through the Trader’s Way client dashboard, which is automated.

Traders Way Partnership Program for IBs

If you are a fund manager or have a website promoting a reliable forex broker, you can use Trader’s Way’s Partnership Program. The company ensures that broker agents are paid on time when they refer a friend or a trader. All partners at Trader’s Way must complete the KYC process to withdraw their rebates or earnings.

IBs also have the option to use their earnings to trade or cash them out. Rebates are paid at the end of the daily trading cycle at 00:00 Trader’s Way server time.

Disclaimer: This technical analysis is for informational purposes only. Past performance is not necessarily indicative of future results. Foreign exchange trading carries significant risks and may not be suitable for all investors. Always conduct your research before making any investment decisions.

  • 28 May 2024