Tradersway Review

Trust Score
2.9

Min Deposit

0


Leverage

1000:1


Deposit Bonus

100%

Regulation

  • CySEC

Platform

  • MT4

  • cTrader

Tradersway is an online trading brokerage who offers their clients the widest opportunities available on financial markets. With so many online trading brokerages out there, how do you know which one to choose and if Tradersway is right for you? In the following review we discuss the aspects that make up this broker and how it compares to the competition.

Introduction

Tradersway was founded in 2010 as an offshore trading brokerage offering a wide range of currency pairs and CFDs for trade. The broker is owned by Tradersway (CY) LTD and is headquartered in Cyprus and is also regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12. Tradersway is an international brokerage and accepts clients from all over the world. Their website and services are available in 10 different languages with English being their primary language. The broker’s website and platform are very simple and easy to use making it easy for beginner traders to catch on and start trading.

Products

Tradersway makes it their goal to provide traders with unlimited trading opportunities and they achieve this by offering their customers a wide range of markets to trade in including; FOREX, Stock Indices, Metals, Energies, and Commodities. Every single account type has access to the extensive list of instruments in these markets.

Trading Conditions

Tradersway is a flexible and accommodating brokerage who offer their traders a variety of different trading conditions to suit their trading style. Traders can choose between 4 different account types, each with their own set of trading conditions such as: fixed or variable spreads, with or without commission, instant or market execution orders and others. See below the range of some of the trading conditions.

  • Maximum Leverage- 1:500 – 1:1000
  • Minimum order size- 0.01 lots (1000 units)
  • Spreads- 0 pips to 2 pips

Account Types

As mentioned earlier, Tradersway strives to accommodate every traders needs and trading style by offering them 4 different account types; MT4.FIX, MT4.VAR, MT4.ECN, CT.ECN accounts. See these accounts overviewed below.

MT4.FIX

  • Good for automatic trading and beginners
  • Fixed spreads starting at 2 pips
  • Maximum leverage of up to 1:1000
  • No minimum deposit
  • No commissions
  • MetaTrader4 platform

MT4.VAR

  • Good for advans
  • Low variable spreads starting from 0.7 pips
  • Maximum leverage of up to 1:1000
  • No minimum deposit
  • No commissions
  • MetaTrader4 platform

MT4.ECN

  • Direct access to the interbank market
  • Low variable spreads starting from 0 pips
  • Maximum leverage of up to 1:1000
  • $100 USD minimum deposit
  • Variable commissions do apply
  • MetaTrader4 platform

CT.ECN

  • Direct access to the interbank market
  • Low variable spreads starting from 0 pips
  • Maximum leverage of up to 1:500
  • $50 USD minimum deposit
  • Variable commissions do apply
  • cTrader platform

Commissions & Fees

Tradersway incorporates various ways to collect commissions and fees that differ between account types. The MT4 Fixed and Variable accounts do not charge commissions but rather incorporate the fees into the spreads. The lowest possible fees can be found on the MT4 Variable account as the spreads are dependant on the market conditions and can be as low as 0 pips. As for the ECN accounts, traders benefit from very low spreads, but are also charges a commission. Commissions by Tradersway are calculated by taking your deal volume in USD and dividing it by 100,000 and multiply that by the commission fee.

Platforms and Tools

Tradersway offers their traders two of the most popular trading platforms in the industry, the Metatrader4 platform and the cTrader platform. The MT4 trading platform is most preferred among most traders as it’s equipped with a familiar and advanced charting package, extensive back testing, a number of sophisticated indicators, and expert advisors. Also, the MT4 platform has a built in social trading feature where traders can copy other successful traders.

The cTrader platform is an award-winning platform for ECN trading as it has fast order entry and execution speeds and a suit of excellent tools and features. The cTrader platform also features cMirror which is a mirror and social trading platform and cAlgo which is a powerful automated trading system. Both platforms operate very well and are intuitively designed.

Is Tradersway Mobile Friendly?

Yes, the Tradersway website is fully optimized for mobile devices and both trading platforms can be used on both Apple and Android smart devices. The cTrader platform is web-based so it’s available through mobile browsers, and the MT4 platform has a downloadable application.

Promotions

The only promotion for Tradersway that we found is a 100% deposit bonus. This type of bonus is common among online trading brokerages and is a very nice promotion to have.

Deposits & Withdrawals

Tradersway offers a wide variety of deposit and withdrawal methods. Traders from all over the world have multiple options available to them. See the available methods below:

  • Perfect Money
  • UPayCard
  • Payza
  • ePayments
  • Bitcoin
  • Wire Transfer
  • WebMoney
  • NETELLER
  • Credit/Debit Cards
  • FasaPay
  • Skrill
  • Prepaid Card

Customer Support

Tradersway offers customer support via telephone and email which is available 24/5. Responses are very fast and are guaranteed within 24 hours. We found the support representatives to be very professional and friendly with their responses. Also, there are multiple emails to contact; for new accounts, technical support, and general customer service.

Research and Education

The research and education resources offered by Tradersway is quite limited. The only educational resource they offer are webinars. The webinars are good but there’s not much variety. As for research resources, the website has an economic calendar and some market info updates.

Noteworthy Points

Tradersway offers the best trading platforms in the industry and also an attractive variety of account types. Other than that, Tradersway does not offer anything too extraordinary.

Conclusion

All in all, Tradersway is a competent trading brokerage who offers a wide array of tradeable assets. The brokerage keeps things simple and does not offer too many enticing features to attract established and experienced traders. They do however offer the best trading platforms in the industry and can be a great option for traders looking for a smaller and simpler online trading brokerage.

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