Tradersway Overall rating

	Rating	Weight
User Rating	3.4 (11 reviews)	3
Popularity	3.2	3
Regulation	0.0	2
Pricing rating	3.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Tradersway using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely by the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Tradersway, founded in 2010, has garnered a moderate reputation in the forex industry. The broker operates under TW Corp, which is registered in the Dominican Republic but is non-regulated. This lack of regulation from major financial authorities may raise concerns for some traders, especially when considering the safety of funds.

However, Tradersway has managed to maintain a user rating of 3.4 out of 5 based on 11 user reviews, eight of which are from verified real trading accounts. This indicates a level of trust and satisfaction among its clients.

The broker ranks 66 out of 823 forex brokers based on user ratings and 219 out of 823 based on expert ratings. Its popularity is further highlighted by its 52,798 organic monthly visits, ranking 166 out of 815 forex brokers for organic traffic.

While Tradersway is privately owned and not publicly traded, which may limit its transparency, its longevity in the market over a decade suggests a degree of stability. It is important to keep in mind that even highly regulated and successful financial firms have failed in the past, so caution is always advised when trading.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
TW Corp. Dominican Republic						1000 : 1

Deposit Insurance

Tradersway does not offer any deposit insurance or investor compensation programs under its current regulatory framework. This means that in the unlikely event of financial difficulties or insolvency, clients may not have their funds protected or compensated. The absence of a deposit compensation scheme, which typically safeguards investor funds if an authorized financial firm fails, is a notable drawback for risk-averse traders.

Additionally, Tradersway does not segregate client funds from its operating capital, which could expose clients to further risks. Traders seeking a broker with robust deposit insurance and investor protection should consider this when evaluating their options.

Spreads and Costs

Tradersway offers competitive spreads and costs, particularly in the commodities asset class. While the average spread for forex trading is relatively low at 1.20, the crypto average is notably high at 73.90. This suggests that Tradersway might be more favorable for forex and commodities traders rather than crypto enthusiasts.

When comparing the average spreads across asset classes with industry-leading brokers, Tradersway maintains a competitive edge, especially for those who prioritize commodities trading.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data is sourced from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. This tool provides traders with the most up-to-date information for comparing all brokers and instruments. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

Tradersway offers several advantages, such as high leverage and a wide range of tradable assets, making it a viable option for experienced traders seeking flexibility. However, compared to other industry-leading brokers, Tradersway's lack of major regulatory oversight and deposit protection may be a concern for risk-averse traders.

In terms of spreads and costs, Tradersway remains competitive, particularly in the commodities market, where it outperforms many top brokers like FxPro and ThinkMarkets. However, its high crypto average spread might not appeal to cryptocurrency traders, who could find better rates elsewhere.

When evaluating swap rates, Tradersway lacks the transparency and competitive edge that brokers like IC Markets and Oanda provide. Tradersway's inability to segregate client funds and absence of a deposit compensation scheme may deter those prioritizing safety.

In summary, Tradersway holds its ground against other brokers by providing diverse trading opportunities and competitive spreads for specific asset classes. Nonetheless, traders must weigh the benefits of its offerings against the risks posed by its non-regulated status and limited investor protection.

Trading Platforms - Mobile, Desktop, Automated

Tradersway provides access to several robust trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. Each platform offers unique features tailored to different trading needs. MetaTrader 4 and 5 are renowned for their comprehensive charting tools and extensive support for automated trading through expert advisors (EAs) using the MQL4 and MQL5 programming languages, respectively. These languages require a moderate level of programming knowledge but provide extensive customization options for automated trading.

cTrader stands out with its user-friendly interface and advanced trading tools, particularly for algorithmic trading. It supports automated trading via C#, a programming language known for its simplicity and ease of learning. cTrader's advanced charting features and customizable trading algorithms make it a preferred choice for traders interested in developing and testing their trading strategies.

Each of these platforms is available on mobile and desktop, allowing traders to monitor and execute trades on the go. Tradersway's support for automated trading across all platforms enables traders to leverage algorithmic strategies and optimize their trading processes.

What Can you Trade?

Tradersway offers a diverse range of trading instruments, primarily focusing on CFDs (Contracts for Difference). This includes over 90 forex pairs, 22 cryptocurrencies, 12 stock indices, and 11 commodities. The broker does not currently offer trading in stocks, ETFs, bonds, or futures.

CFDs allow traders to speculate on the price movements of various assets without owning the underlying assets. This provides the benefit of leveraging trades, meaning traders can control larger positions with a smaller amount of capital. However, leverage can also amplify losses, making it a double-edged sword.

Traders need to be mindful of the risks associated with leveraged trading, as it can lead to significant losses if not managed properly. For a comprehensive list of all available trading instruments, traders can visit the Tradersway website.

Available Leverage

Tradersway offers leverage up to 1000:1 for retail clients, providing significant flexibility for traders to enhance their trading positions. This high leverage is available across various instruments, including forex and CFDs, allowing traders to maximize their trading potential. However, it's essential to understand that high leverage also increases the risk of significant losses, and traders should use it judiciously to manage their risk exposure.

Being registered in the Dominican Republic, Tradersway operates with fewer restrictions on leverage compared to brokers regulated in regions like Europe or the US. While this offers more freedom for traders seeking higher leverage, it also implies less regulatory oversight and potential risk exposure. Traders must be aware of these implications when choosing to trade with Tradersway and consider their risk tolerance and trading strategy accordingly.

Prohibited Countries

Tradersway is unable to accept clients from specific countries due to regulatory and compliance restrictions. As of the latest information, Tradersway cannot open client accounts for residents of the United States, Canada, the United Kingdom, and some European Union countries. These restrictions are primarily due to differing financial regulations and licensing requirements that Tradersway does not meet in these regions.

Traders interested in opening an account with Tradersway should verify their eligibility based on their country of residence. It's essential to check the broker's terms and conditions or contact their support team to confirm any restrictions that may apply.

Tradersway Account types

	MT4.FIX.	MT4.VAR.	MT4.ECN.
Commission	-		$3.00 Per Side Per 100K USD Traded
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile
Trading platform	MT4, WebTrader
Spread Type	Fixed Spread	Variable Spread
Minimum Deposit	0		10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4.FIX.
Maximum leverage	1000:1
Typical Spread	2.0
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Fixed Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4.VAR.
Maximum leverage	1000:1
Typical Spread	1.4
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4.ECN.
Commission	$3.00 Per Side Per 100K USD Traded
Maximum leverage	1000:1
Typical Spread	0.5
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Tradersway Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Tradersway Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

This page's contents are created partially with the help of AI tools and provide a comprehensive review of Tradersway, covering various aspects of the broker, including its regulatory status, pros and cons, trading platforms, and more.

Tradersway's review is structured into sections, each focusing on a specific aspect of the broker's offerings. Tables and headings are used to present information clearly and concisely, adhering to our broker's review guidelines.