1. Is TradersWay legit or a scam?
  2. What is TradersWay?
  3. Is TradersWay a scam?
  4. TradersWay in the USA
  5. Deposit & Withdrawal
  6. Apps
  7. Conclusion

Is TradersWay legit or a scam?

TradersWay is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it 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.

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.

TradersWay Review

Is TradersWay a scam?

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

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.

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

 

 

TradersWay in the USA

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

Deposit & Withdrawal

The minimum deposit for opening an account with Traders Way is $10 USD/GBP. Traders Way charges deposit fees depending on the payment method which you use to fund the account. 

Traders Way withdrawal fees vary depending on the selected withdrawal payment method. Withdrawal requests are processed within 48 hours on business days. 

Traders Way accepts deposits/withdrawals via the following payment systems: Credit cards, Debit Cards via Vload, Bank Wire transfer, Bank Transfer (Abra), Bitcoin, Ether, Litecoin, Ripple, USD Coin (USDC), Tether (USDT), TrueUSD (TUSD), Skrill, Neteller, Perfect Money, FasaPay.

Apps

The broker provides a big range of trading instruments used on top of the popular and well-known MetaTrader 4 and  MetaTrader 5 platforms with Standard and ECN accounts available. Moreover, its traders can enjoy fast and convenient one-click trading in MT4 and MT5 with their QuickDeal tool.

There is also a cTrader platform for ECN trading. Trader’s Way cTrader provides full ECN access to the markets for professional and new traders with the help of cTader.

Conclusion

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 well-regulated brokers such as UK brokers or brokers in Australia and reliable Forex companies such as FXTM and GO Markets.

No news available.

25 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. Update on my issue. the company resolved the issue we work together and it was a misunderstanding.

  3. 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.

  4. Liars. Lisa, Adam, Mebrouk, Susana

    I am shocked reading these none sense comments. Susana, Trader’s Way doesn’t have a UK number nor a U.K branch!

    I have been trading on Trader’s Way’s cTrader platform for years. I can provide statement, account proof, withdrawal and deposit records.

    Trader’s Way is one of the least companies who accepts clients worldwide, and provides equal trading services regardless of its clients nationality, race, and color. “You know better…. Mebrouk”

    Offshore brokers provide high leverage, low spread and competitive trading environment with 24/7 support for “RETAIL TRADERS”. No one stops you to move your funds to a regulated firm, so why didn’t you?

  5. This company is fraud. stay away from this. If this company scam u call ur back ask for chargback

  6. I am shocked at the reviews I am reading makes me wonder if the reviews I have seen of other brokers really true, why do I say this, cuz I have been trading on Tradersway for 4yrs and I have never had any reason to complain of their service, Deposits are swift and never had issues with withdrawing.. Excellent service from them….

  7. We’re obviously not talking about the same Tradersway. The reviews are so bad and unreal. I have been trading with Tradersway for 3 years now and I never had a problem with that.

    • Please can I try TW am in Ghana? Want to try their bitcoin deposit and withdrawal option. I really love their demo platform for my Spot Gold. It is cruising and I like it.

  8. I was reading these comments and felt that an honest, non biased opinion should be written. I’m an American trader that has used multiple brokers and trading platforms, and I’ve been with Tradersway for almost 2 years now. I have never once had an issue with deposits or withdraws, never have had any “fraudulent” activity or anything fishy. I’ve withdrawn hundreds and sometimes thousands of dollars with zero issues. I’ve noticed that their servers will unexplainably go down for a couple minutes at random some times, but it’s never been anything that has affected my trading more than a minor inconvenience. The only reason why there are warning against this broker is because they offer very high leverage options which can make unexperienced traders suffer large losses very quickly, but that falls on the trader and not the broker… In the end, I really have nothing bad to say about this broker, and I feel like a lot of these negative reviews are just due to user error from traders that have no idea what they are doing. Give them a try. My only suggestion is do NOT engage in any bonus deposit offers because this makes it difficult to withdraw profits, but that’s everything I have to say about them, thank you for reading.

  9. Tradersway is a good broker, I have traded with them since last 4 years.
    They give withdrawals honestly. Their spreads are very low and its possible to scalp and make profits.

  10. Scam scam scam stay away they stole $74.600
    They extorted me they kept on asking for more money for fees and then promise your profit and never happened!!
    I have an investigator working on this case and fbi in the usa and it turns out to be mark bence kocsis with his fake ass story that he is rich and wants to marry you and wants u to make lot money!!!
    Sscaaaaaammmm discusting!!! Thieves stay away im hoping to tell everyone and get some of my money back

    • I’ll marry you if you can show proof of your lost, and FBI pending investigation. You probably work for the NFA/CFTC or it’s affiliates, or the Biden administration.

  11. ive been with fxcm for 3 years and never had an issue with them..trust me they are ok..i rather them than oanda

  12. I’ve been with them for a few years, and nothing extraordinary about them… fairly average. Reason I chose to add them as one of my brokers is I’m a USA resident and wanted prior Frank Dobson Act abilities. You still have to compare to see how spreads affect you and margin amounts, commissions, etcetera. One difference that concerns me a bit is that it is June 16th, 2021 and since shortly after Covid-19 problems that started around March 2020, they discontinued chat support and haven’t resumed those services. That’s not a good sign and a bit concerning. If you need support, you’ll probably have to be sending emails and that can take days. There is one phone number shown but I haven’t used it yet and I hope I never have to use it.

  13. I registered the Tradersway for long but never you it. With this review for you guys I we give a try and drop my feedback to you guys

  14. I registered the Tradersway broker for long but i never you it. With this review for you guys I we give a try and drop my feedback to you guys

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