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Reason to avoid: Offshore License
Listed Date: January 3, 2020
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Beware TradersWay is a Non-Regulated broker. It is NOT SAFE to trade.
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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.
• 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.
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While the company may not hold any strict, reputable license or comply with the operational guidelines that ensure client’s safety.
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.
• 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
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 UK brokers or brokers in Australia and reliable Forex companies such as IG Markets and City Index.
19 • Poor
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Few months ago
Few months ago, I talked with my account manager (ibrahim) and I informed him about my loss , he told me to deposit more $25000 and promised to give me some good strategies to recover funds.
On October 26th 2020, I made a deposit of $23000 on my account. But to my big surprise all my deposit was transfered to another account, I started complaining where is my funds but they could not provide me any good answer.
They are ripping innocent people off their hard earned money, I was able to withdraw about 90% of my money with the help of Mr Richard . I was skeptical at first but he turned out to be God sent . Feel free to reach out to him for assistance via Richardlofton114 @ gmail dot com
They will not process refund so do not…
They will not process refund so do not even try wasting your time creating account or investing with them. I had to recover my funds by contacting [email protected],com. Trusted and guaranteed.
I lost money to several binary options…
I lost money to several binary options brokers and this almost ruined me because I had to hire a lawyer to investigate, but nothing worked to get my money back. I trusted this last broker with $150,000 and lost it, but I found an expert that specializes in fund recovery and they helped me track the funds and get my money back with the accrued profits. if this wasn’t for this company, my life would be in total ruins, I don’t think it’s right to lose your hard-earned money to fake brokers. You can reach out to Richard to help you get your funds back on Richardlofton114 @ gmail dot com
It has been wonderful trading on binary…
It has been wonderful trading on binary options with you sir, when ever comes for
trading and recovery funds contact Mr Michael lewis to help you with all that and you will start earning profitably with his platform. You can reach him out with the details on my profile
You better beware of these sharks
You better beware of these sharks, They will convince you to invest with sweet talks and continually be applying pressure for you to add more money to the account. I was ripped off my life savings in less than a week but I am very grateful to the forensic expert that came to my rescue and retrieved 80% of my money back which was enough for me to pay my debts. Take a look at my profile text for the direct contact details of the forensic expert.
Initiate a chargeback with this website…
Initiate a chargeback with this website zenithsecurity.org, they will help you get your money if scammed by this platform. They are cybersecurity experts.
I can’t explain how it feels to be a…
I can’t explain how it feels to be a victim of scam brokers but with the help of Mrs Sofia Williams I got all my lost funds back. Click on my profile for her email address
They stole my money
I just wanted to share my experience about this broker. Yesterday I took several of winning trades and my balance account was around 5000 $ with my profit secure, so I was satisfy and decided to go to bed and rest. When I woke up this morning I noticed my balance is only around 1300 $ I checked my trading history and I don’t know how come but my wining trades from last night are all gone. So I contact the broker by messenger but the agent said they can’t access to my trading history and to send an email to the support what I did. I even tried to call them but same answer from the agent over the phone. That just insane I hope it’s just a mistake because otherwise it’s just crazy. That Happened this morning so I am waiting for them to getting back to my email. I will keep you up to date
Do you want to become so financially…
Do you want to become so financially secure that you forget about payday? Check my profile to see how
Have you tried getting your investment…
Have you tried getting your investment and have been unable to place a withdrawal? Have you found yourself wading through excessively complicated terms which might seem impossible to meet all because you traded with an unregulated broker? Do not panic for I have good news for you. Go for fund recovery through the help of a certified recovery expert. He will guide you on effective steps to take to recover and get back your investment. If his assistance is needed reach his business wazap +44) (7537 (183004
What many traders in binary options do…
What many traders in binary options do not know is the tenacity of the currency and the individuals surrounding it, you should have it at the back of your mind at first that the currency is volatile and it can fall and drop, but the scams surrounding the options always make it look hard and corrupt, but if you’ve lost whether to this or any other corrupt options out there, it’s important you Note that there is only one:recoveringall05 at gmail. com
Where you can get all lost funds returned to base through expertise activities in recovery
stay clear of this company
stay clear of this company, they will try to patronize you with talks of profit but its all manipulated, I had help from < pri mecapitalrecovery(dot) com >to get my funds back, go to them if you have been scammed
Good Forex broker..
i traded with this broker since last 2.5 years on and off. I recommend this broker highly because of their good execution. I did not experience any dealing manipulation even when I was briefly making profits. Also very flexible payment options like BTC and local deposits. THey should speed up withdrawals as it is manual as compared to other brokers, but still reliable.
they can’t be trusted run as far away…
they can’t be trusted run as far away ask you can from them.
Stay away from this UNREGULATED scam broker
Trader’s Way claims to be a true ECN but it is a Market Maker in disguise.
The broker derives the prices from sources, and simply feeding the price to the traders. The trader is trading on he feed and not on the interbank market like normal regulated brokers do.
And since the broker has the other end of the trade, this means that if the trader loses money, then the broker makes money and vice versa. In simple words again, this means that the broker is trading against the client.
And that it is exactly what Trader’s Way does, they don’t like profitable traders because they have to use their own money to pay.
They better like it when you lose your deposits and believe me, you will lose it.
Moreover, they are operating without any license whatsoever, not regulated at all, meaning if they scam you, you cannot recover your money because they make it clear in their customer agreement that they are not license so no prosecution could affect them.
The icing on the cake, they decided to move to a remote and corrupt island where it is hard to get them for cases.
Their address is 8 Copthall, Roseau Valley, The Commonwealth of Dominica 00152
They have been operating for so many years but they still refuse to get regulated because it is not good for their scam business to be monitored by regulators.
You can see their unregulated status on many review sites even the ones they paid to give 5 stars.
Because of the so many bad reviews about Trader’sWay across the web, they write good reviews for themselves or pay people to make them look nice.
If you watch closely that so-called **John Campbell** review titled **I don’t understand the bad reviews** you will notice it sounds like an advertisement, self-promotion by Trader’s Way themselves and not a genuine review, use discernment, use your mind and read it again, you will notice how he tries to dodge the topic and make Trader’s Way sound nice, so fake a 5 years old could notice.
Beware, don’t put your hard-earned money into the hands of scammers who purposely hide themselves in the Commonwealth of Dominica and purposely operates their business without any regulation at all.
If they scam you, you will not able to get your money back, be wise and chose another broker which show their license number and their regulator.
If you don’t believe that they are not regulated, contact their live support and ask them their license number and the board that regulates them, you will hear it from their own mouth.
Dealing with an unregulated company is playing with fire.
Avoid brokers who are regulated by CySec.
Serious regulation you should look into is FCA or SEC or ASIC.
Anything else, be careful.
This was a honest review from someone who wants to open your eyes about Trader’s Way.
Regulated by CySEC
US Traders not Allowed
|Regulated:||Regulated by CySEC|
|Bonus:||100% First Deposit Bonus!|
|Free Demo Account:|
|Trading Platform:||MT4, MT4 Mobile, MT4 ECN, cTrader ECN|
|GTD Stop Loss:|
TradersWay (CY) LTD (registration number HE 293057) is a company with headquarters located in Cyprus. It also has a presence in St. Vincent and Grenadines and Russia. TradersWay (CY) LTD operates the TradersWay forex brand and is authorized and regulated by CySEC (Cyprus Securities and Exchange Commission), with license number 178/12.
Special Offers and Bonuses
Traders who use TradersWay as their forex brokers can expect to receive two bonuses:
– A 100% new account deposit bonus.
– An opportunity to try out the ECN MT4 platform for just $10.
Types of Trading Accounts
What account types are available on TradersWay? Five account types are available and these are as follows:
a) MT4.Micro: This is the basic account type for beginners; the micro account. This account can be used to test new strategies, restore confidence after a run of bad trades and comes with a minimum transaction volume of only 0.1 of a Micro lot (i.e. 0.001 lots or nano lots). Minimum deposit is $1, with a leverage of 1000:1.
b) MT4.FIX: This account type is the standard account for the MT4. Minimum deposit is $1, trade size of 0.01 lots and maximum leverage is set at 1000:1.
c) MT4.VAR: This account type combines features of an ECN account such as zero commissions and floating spreads, with the features of the MT4. Minimum deposit and leverage is set at $1 and 2000:1 respectively. Minimum trade size is set at 0.01 lots.
d) MT4.ECN: This is a bridged MT4 account, and is the account used for the MT4 ECN $10 promo. Minimum trade size is 0.01 lots, with account deposit minimum of $100. Leverage is set at 1000:1.
e) CTrader ECN: Full scale ECN account with minimum trade size of 0.01 lots and minimum deposit of $100, with leverage set at 500:1.
f) FxSTAT Autotrading Account: This is used for passively following traders and having their strategies automatically. This account is opened through an introducing broker and so attracts an extra 1 pip to cover this service.
These accounts can be traded with expert advisors, and hedging strategies and EAs are allowed.
Trading Platform Features
TradersWay traders can choose to trade on any of these platforms:
a) MetaTrader4: TradersWay offers its clients the chance to trade forex on the enhanced MetaTrader 4 terminal. There is also a web-based version of the MT4, as well as mobile versions of the MT4 for the Android, iPhone and iPad devices.
b) TradersWay cTrader: This is the ECN platform that traders on TradersWay can use for non-dealing desk trading. There is a downloadable version, a web-based version and a mobile version of the cTrader platform. This also goes ahead with cAlgo, the algorithmic trading platform used for coding EAs for cTrader.
c) MAM: This stands for the Multi-Account Management platform, which is a multi-terminal for account managers who are participating in the PAMM program, as well as those who are trading multiple accounts.
d) Tradeo Social Trading Platform: This is a cross-broker, cross-platform social trading network that connects traders and brokers worldwide.
e) FxSTAT Autotrading platform: FxStat is an innovative account monitoring, social networking and autotrading (copy trading) service.
Commissions and Spreads
The commissions and spreads obtainable on TradersWay are spelt out below.
|US SPX 500||1971.7||1972.1|
Charts on TradersWay are available on the respective platforms.
Education and Demo Accounts
TradersWay provides traders with an unlimited and free demo account, but not much comes the way of forex education.
TradersWay customer support is available using the following means of communication:
8 Copthall, Roseau Valley, 00152 Dominica
– Phone: +7 812 4548 812
– Live chat support service
Deposits and Withdrawals
Deposits can be made on TradersWay as follows:
a) Bank Wires: This is a convenient option for making deposits and withdrawals using VISA or MasterCard.
b) Electronic payments can also be made using Skrill (Moneybookers), Ukash, Payweb, Neteller, Payza, CashU and Perfect Money.
c) Local Transfer: This is the use of local banks for depositing and withdrawing funds, and is available to Indonesian traders only.
The minimum deposit requirement differs from one method of transaction to another, and from one account type to the other. Generally speaking, the minimum account deposit size is $1, which can be deposited using the e-payment methods. For accounts that require at least $100 as account deposit minimum, the use of bank transfers which demand more money to be sent to at least cover the account deposit fee of $45 will have to be deployed.
The minimum amount of a deposit made with a credit card is $10, with a maximum set at $1000. Only a maximum of 3 deposits per day / 10 per month / $5,000 per month can be made with a card deposit. Moneybookers comes with a maximum deposit limit of $10,000 and a minimum of $10. CashU and Webmoney have no limitations.
There are generally no maximum deposit limits except for card methods which have a specified deposit limit that is given to traders when they open accounts. So deposits limits should be looked at in the context of what transaction method will be used.
Card withdrawals must be made to the full amount that was deposited using the card method, else a 180-day waiting period will be applied. Transaction fees do not apply for e-payment methods.
TradersWay caters for all types of traders with their multiple account types, trading platforms and trade conditions. However, a lot more educational content needs to be put up to cater to new traders.
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