Written by Jason Peterson
Edited by David Johnson
Fact checked by Angelo Martins
Human moderated by Jason Peterson
Last updated August, 2024

Tradersway Overall rating

2.5
Ranked 258 out of 941 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
3.1
3
Regulation
0.0
2
Pricing rating
3.0
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • Tradersway is a well-established broker founded in 2010.
  • Offers high leverage up to 1000:1.
  • Positive user reviews, with a rating of 3.4 out of 5.
  • Ranks 66 out of 823 forex brokers based on user ratings.
  • Competitive spreads, especially in commodities.
  • Access to popular trading platforms like MetaTrader 4 and 5.
  • Offers a variety of CFDs, including forex, crypto, and indices.
  • High organic web traffic with over 52,000 monthly visits.

Cons

  • Lacks regulatory oversight from major authorities.
  • Does not offer segregated client funds.
  • No deposit compensation scheme available.
  • Swap rates are not the best in the market.
  • Not publicly traded, which can affect transparency.
* As of August 2, 2024

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

* As of August 2, 2024

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

* As of August 2, 2024

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

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
Tradersway – ECN 73.90 1.20 19.24 0.19
FxPro – Standard - 1.51 2.14 -
IC Markets – Standard 9.10 1.54 1.12 0.10
ThinkMarkets – Standard 16.89 2.06 1.59 0.14
Admirals – Trade - 2.65 - 0.19
Oanda – Standard - 2.43 - -
Forex.com – Standard - 3.05 - -

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

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
Tradersway – ECN 139.89 7.90 0.68 1.40 2.23 0.70 1.32 0.88 27.86 10.61 0.34 0.03
FxPro – Standard - - 0.80 0.87 2.08 0.87 2.34 2.08 2.90 1.38 - -
IC Markets – Standard 15.19 3.00 0.87 1.19 2.16 1.37 2.27 1.38 1.28 0.95 0.17 0.02
ThinkMarkets – Standard 31.92 1.80 1.12 1.32 2.24 1.98 3.67 2.00 1.47 1.71 0.24 0.03
Admirals – Trade - - 0.96 1.53 2.88 1.15 4.17 5.21 3.57 - 0.35 0.03
Oanda – Standard - - 1.46 1.77 3.80 1.36 3.40 2.80 - - - -
Forex.com – Standard - - 1.41 1.71 4.34 1.51 5.23 4.08 - - - -

Swap Rates/Financing Fees

Swap rates, also known as financing fees, are the cost or income associated with holding a position overnight in forex trading. A positive swap rate means you earn interest, while a negative swap rate implies a cost. In comparison to industry-leading brokers, Tradersway's swap rates are not the most favorable.

The average swap rate for Tradersway is currently unavailable, making it difficult to assess its competitiveness accurately.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
Tradersway - - - - - - - -
FxPro - -4.03 -0.14 -0.15 -3.33 1.02 19.15 -40.75
IC Markets Best -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
ThinkMarkets - -3.27 -0.14 -0.14 -2.61 1.08 19.57 -37.37
Admirals - -5.93 - - - - 1.43 -31.59
Oanda - - 0.00 0.00 15.00 0.09 0.00 0.00
Forex.com - - 0.00 0.00 0.00 0.00 - -

Does Tradersway Offer Islamic/Swap-free Accounts?

Islamic or swap-free trading accounts are designed to comply with Islamic law, which prohibits earning interest. These accounts do not incur or pay overnight swap fees, making them suitable for Muslim traders. As of the latest information, Tradersway does not explicitly mention offering Islamic or swap-free accounts on its website.

Traders interested in such accounts may need to contact Tradersway directly for more information on availability and requirements. For traders seeking swap-free accounts, it's essential to verify if the broker provides this option and under what conditions it can be accessed.

Other Fees

In addition to spreads and swap rates, Tradersway may impose other fees that traders should consider. Based on our research and top internet sources, here are some of the additional fees that Tradersway might charge:

Fee Type Description
Withdrawal Fees Tradersway may charge a fee for withdrawals, depending on the method used. It's recommended to review the broker's withdrawal policy for specific fees associated with different payment methods.
Inactivity Fees If an account remains inactive for a prolonged period, Tradersway may apply an inactivity fee. This fee is typically charged monthly and can vary based on the account type and region.
Deposit Fees While Tradersway generally does not charge deposit fees, certain payment providers may apply their own fees, which traders should consider.
Conversion Fees Traders depositing funds in a currency different from their trading account's base currency may incur a currency conversion fee.

It's important for traders to review the broker's fee schedule and terms of service to understand the full range of costs associated with trading on the platform. Knowing all potential fees can help traders make informed decisions and manage their trading expenses effectively.

Comparison to other Brokers

* As of August 2, 2024

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

Platform Mobile Desktop Automated Trading
MetaTrader 4 Yes Yes Yes (MQL4, moderate difficulty)
MetaTrader 5 Yes Yes Yes (MQL5, moderate difficulty)
cTrader Yes Yes Yes (C#, easy to learn)

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?

Asset Class Number of Instruments
Forex CFD 90+
Crypto CFD 22
Stock CFD -
Stock Index CFD 12
Commodities CFD 11
ETFs -
Bond CFD -
Futures CFD -

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 leverage1000:1
Mobile PlatformMT4 Mobile
Trading platformMT4, WebTrader
Spread TypeFixed Spread Variable Spread
Minimum Deposit010
Minimum Trade Size0.01
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.

Websites
tradersway.com
Organic monthly visits 26,756 (99%)
Organic traffic rank 216 out of 941 (Forex Brokers)
Paid monthly visits 203 (1%)
Total monthly visits 26,959
Bounce rate 47%
Pages per visit 4.65
Average visit duration 00:02:04.1590000

Tradersway Profile

Company Name TW Corp.
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2010
Headquarters Dominica
Account Currency CAD, EUR, GBP, USD
Support Languages Arabic, Chinese, English, French, Malay, Polish, Russian, Spanish, Urdu, Bahasa (Indonesian), Farsi
Funding Methods Bank Wire, Bitcoin, FasaPay, Litecoin, Neteller, Perfect Money, Skrill, Ethereum, VLoad
Financial Instruments Forex, Oil/Energies, Metals
Prohibited Countries Iran, United States
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.

Tradersway User reviews

3.4
(11 )
Ranked 73 out of 941 (Forex Brokers)
This rating is based on 8 reviews by users that proved they are real customers of this company and 3 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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Tradersway Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  MT4.FIX. MT4.VAR. MT4.ECN.
Forex0.21 Pips0.225 Pips18.75% Of Commissions Paid
Oil / Energies0.21 Pips0.003% of the nominal trade value18.75% Of Commissions Paid
Metals0.21 Pips0.003% of the nominal trade value18.75% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  MT4.FIX.
Forex 0.21 Pips
Oil / Energies 0.21 Pips
Metals 0.21 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  MT4.VAR.
Forex 0.225 Pips
Oil / Energies 0.003% of the nominal trade value
Metals 0.003% of the nominal trade value
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  MT4.ECN.
Forex 18.75% Of Commissions Paid
Oil / Energies 18.75% Of Commissions Paid
Metals 18.75% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

Rebates are not paid on a trade closed within:
  • 3 Pips of the open price for EURUSD;
  • 4 Pips of the open price for other major currency;
  • 40 Pips of the open price for other instruments.

What are Tradersway rebates?

Tradersway rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do Tradersway rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much Tradersway rebates can I earn?

Use our forex rebate calculator to estimate your Tradersway rebate earnings:

 
You must enter a valid number

Tradersway Regulation / Money Protection

0.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
TW Corp.
Dominican Republic
1000 : 1

Tradersway Promotions

Tradersway Symbols

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