1. What is TradersWay?
  2. Safe or a Scam?

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. 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.

Pros

Cons

• Both industry leading trading platforms MT4 and cTrader offered

• Is not licensed by any reputable Forex authority

• Operates only with offshore Dominica registration

• Comply with none of the international rules or Forex operation

 

 

Is TradersWay a US Broker?

No, TradersWay is not a US Broker, 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 the company may not hold any strict, reputable license or comply with the operational guidelines that ensure client’s safety.

TradersWay Review

Safe or a Scam?

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.

Is TradersWay Regulated?

No TradersWay is not regulated Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker 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.

  • Overall Rating

    • A quite pleasant trading offering suitable for beginning and professional traders

    • Good selection of trading platforms including MT4 and cTrader

    Is not recommended to trade or open account with Traders’ Way due to high risks involved

    • Only offshore registration with zero regulatory obligations

    • Lacks international rules or Forex operation and necessary safety measures

    • Poor Customer Service

Risk Warning

Of course 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. Therefore, 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 best well-regulated brokers such as brokers in Australia and reliable Forex companies such as FP Markets.

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5 responses to “TradersWay”

  1. They stole money from account also.Please take this advise stay away from them and look after a regulated broker

  2. I was scammed from a Tradersway center based in England; the phone number doesn’t work and now page is not found. I met her/he in instagram and I discovered other two scammers.

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