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TradersWay
TradersWay is a forex broker that has been operating since 2011. While it is important to note that the company is unregulated, it offers a range of trading platforms including MT4, MT5, and cTrader. These platforms are available for desktops, mobile devices, and as a web trader, providing convenience for traders on the go. TradersWay offers a diverse range of trading instruments, including over 45 forex pairs, cryptocurrencies, and CFDs for stock indexes, precious metals, and commodities. One notable feature is the high leverage of 1:1000, allowing clients to potentially maximize their trading opportunities. The minimum deposit required is only $1, making it accessible for traders of all levels. TradersWay also provides additional tools such as MT QuickDeal 2.0 for MT4, cAlgo, cMirror, VPS service, FxStat, and FxWire Pro integrated with MT4. Furthermore, the company offers educational webinars and market analyses to help traders stay informed and make well-informed decisions. It is important to approach this review with a neutral standpoint, considering the company's unregulated status.
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 1:1000
- Minimum to Open Live: $1
- Established: 2011
- Address: 8 Copthall, Roseau, Dominica
- Contact: sales@tradersway.com, 1 849 9370815
- Trading Platforms: MT4, MT5, cTrader
- ECN: Yes
- Currencies: Trading Instruments (45 )
- Cryptocurrencies: Bitcoin, Litecoin, Ethereum (5 )
- CFD: Gold, Silver, Stock Indexes, Oil, Other Commodities (5 )
- EAs/Robots: Yes
- News Trading: Yes
- Scalping: Yes
- Deposit Methods: Bank Wire (Bank Transfer/SWIFT), Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple, Skrill, Tether (USDT)
- Withdrawal Methods: Bank Wire (Bank Transfer/SWIFT), Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Ripple, Tether (USDT)
Pros and Cons
Pros of trading with TradersWay:- Wide range of trading platforms available
- Diverse selection of trading instruments
- High leverage options
- Low minimum deposit requirement
- Various features and tools to enhance trading experience
- In-house educational webinars and market analyses
- Unregulated status
- Potential risks associated with trading with an unregulated broker
- Lack of oversight and protection for client funds
Scammer or Not?
As an unregulated forex broker, TradersWay may raise concerns for some traders. The lack of regulation means that the broker is not held to the same standards and requirements as regulated brokers. This can potentially expose traders to higher risks, such as the possibility of fraud or mismanagement of funds. It is important for traders to carefully consider their risk tolerance and conduct thorough research before choosing to trade with an unregulated broker. Traders should also be cautious and take appropriate measures to protect their funds, such as using secure payment methods and regularly monitoring their trading accounts.Safety Check
Due to its unregulated status, TradersWay may not provide the same level of safety and security as regulated brokers. Traders should be aware of the potential risks involved and take appropriate precautions when trading with an unregulated broker. It is recommended to thoroughly research the broker, read reviews from other traders, and consider seeking advice from financial professionals before making a decision. Traders should also ensure that they understand the terms and conditions of the broker and the risks associated with trading in the forex market. Overall, while TradersWay offers a variety of trading platforms and instruments, traders should carefully consider the potential risks and drawbacks of trading with an unregulated broker before opening an account. If you have any experience working with TradersWay, we encourage you to leave your feedback on the forexroboteasy.com website. Your insights can help other traders make informed decisions about whether to trade with this broker.forexroboteasy.com
1 review
In my quest for a reputable broker, I had the misfortune to cross paths with TradersWay. After experiencing what I can only describe as devious and unjustified actions from their part, I am compelled to share my story in order to prevent others from falling into the same predicament. I began my trading journey with the belief that I was in safe hands. The broker, TradersWay, came recommended, reputed well enough, but things took an unexpected turn. Something sinister happened during my trading session, on August 11th, 2016 (foreign time), or August 10th, 2016 (my local time). My dealings were running smoothly until my screen mysteriously froze, my charts halted, and out of nowhere, my entries and exits were swapped by the broker in the most unanticipated and unfair judgment. Without any technical issues on my end—both my internet connection and computer were functioning optimally— there was no rationale for the freeze. I placed my sell order at 1.80xxx expecting a healthy profit, intending to close it at 1.78xxx. But the reality after the chart resumed was far from my carefully plotted roadmap. My sell order was closed, presenting a significant loss, and, upon reviewing my history, I realized my entry and exit points had been drastically tampered with. TradersWay had recalibrated my entry point to 1.78xxx and exit point to 1.799xx, completely undermining the possibility of profit and effectively transforming it into a loss. Consequently, it plunged my equity deeply and enforced a massive force-out on all my orders. A perplexing aspect was the shift of my entry point by two 1-minute bars from my original order and oddly, the closing of my order at a price untouched by any bar in that period. This peculiar happening not only raised doubts about their trading practices but deeply affected my trust in them. Searching for answers, I reached out to TradersWay, providing in-depth scenarios, screenshot proofs, and a clear description of my grievance. However, the response I received was far from satisfying. Their retort merely pointed me to the margin policy, a facet that was utterly irrelevant to the issues at hand. Unfortunately, TradersWay's dismissive attitude indicates an unwillingness to pursue further investigation or rectification of the situation. They've shown a lack of concern for customer issues which leaves me, and my investment, stranded in troubled waters. Through this review, I hope to enlighten potential investors about the danger lying beneath the surface. Unfair practices such as these by brokers like TradersWay should not be your pitfall. It's a lesson I've unfortunately learnt at a great cost, and hopefully shared in time to prevent others from enduring the same fate.
1 review
In the world of forex trading, finding a reliable broker is crucial. Unfortunately, my experience with TradersWay proved to be far from satisfactory. I've encountered a scenario of deceptive manipulation that triggered a significant loss on my account. I urge everyone considering trading with TradersWay, to approach with extreme caution and heed this warning. On an ordinary trading day, I placed a sell order at 1.80xxx and was ready to take my profit at 1.78xxx. The prophet of a successful close was abruptly interrupted as the TradersWay chart froze unexpectedly. The perplexing part? My computer and internet connection functioned perfectly at the time. After a few unfathomable and breathless moments, the chart resumed ticking. However, my order was prematurely terminated, leaving me incredulous at the gaping loss. My anxiety heightened when I scanned my trading history and discovered my initial entry and exit points were manipulated. Perplexingly, they shifted my entry to 1.78xxx and exit to 1.799xx, turning my anticipated profit, into a haunting loss. Far from simply dampening my spirits, it slashed my equity and triggered a series of forced closures on all my stipulated orders. What confounded me further was the irrational repositioning of my entry point – two 1-minute bars away from my initial order. My order was curtailed at a price where no bar intersected during that trading session. This disconcerting event transpired on the 8/11/2016 at foreign time, 8/10/2016 in my local time zone. Eager to resolve this issue, I presented TradersWay with comprehensive evidence including a comprehensive description, screenshots and further details. Their response? A dismissive inference to their margin policy, completely disregarding my concerns of chart freezing and entry/exit swapping. Their indifference encapsulates an insensitive disregard to customer service. My attempts to instigate a detailed examination or strike a resolution continue to fall on deaf ears. The toll? An extensive dent in my finances, akin to sinking under a wave of unavoidable loss. I share this distasteful experience in a bid to shine a spotlight on potential broker manipulation. This cautionary tale serves as an emphatic warning to all traders, hoping no one else faces a similar disheartening predicament in the future. Hopefully, this turns into a broader discussion about brokers’ transparency and reliability in the world of Forex trading.
1 review
I urge all potential traders to exercise caution around this brokerage firm, TradersWay. I experienced an event involving a manipulated order change, which resulted in a considerable financial setback due to the company's unfair trading methods. Let’s delve deeper. The uncalled for situation took place when I entered my sell order at 1.80xxx, anticipating a remarkable profit. All seemed well as I clicked close at 1.78xxx. In an unexpected twist, the chart froze for a perplexing few minutes while all other systems including my computer and internet connection were working entirely satisfactorily. After what felt like an eternity, the chart resumed its normal function, much to my dismay, my order appeared closed, and not with a profit, but a hefty loss instead. The shock turned into disbelief when, after a quick examination of the transaction history, I found that my entry and exit points were entirely divergent from my initial order placement. In an astonishing act, my original entry point was altered to 1.78xxx and my exit point bizarrely moved to 1.799xx, effectively turning my potential profitable outcome to a painful loss. This unexpected shift in my trading strategy devastated my equity, causing a brutal force-out on all other orders. What baffles me even more is that my entry point was shifted to two 1 minute bars from my original order. Strangely, my command was closed at a rate where there was no noted bar presence during the said period. This shocking incident occurred on the 8/11/2016 or 8/10/2016, depending on the time zone. I took it upon myself to contact them immediately, armed with substantial evidence like screenshot of the chart and a detailed description of the circumstances, hoping that such material would substantiate my claim. However, the response I received was nothing but disappointing as they directed me to the margin policy, conspicuously ignoring my accusations regarding the chart freezing and entry/exit swap. To this day, there has been no sincere attempt on their part to initiate further investigation or extend feedback regarding the ordeal. Seems like my hard-earned money has been thrown into the abyss. Sharing my experience here is an attempt to warn others in the trading community to not fall into a similar trap. Therefore, to all potential investors, savvy traders, and those venturing into this field, heed my cautionary tale involving TradersWay and their ambiguous trading practices that led to an unfortunate yet avoidable financial hardship.
1 review
Escape the clutches of TradersWay, a broker that, according to my experience, has demonstrated a troubling lack of integrity and transparency. This review presents a startling recount of my encounter with them, where I not only suffered significant financial loss, but also encountered questionable business practices. The calamity unfolded one day as I carried out my trades as usual. I set my sell order at a seemingly promising figure of 1.80xxx, expecting to close at a profit at my designated 1.78xxx. Suddenly, plea took over as the chart froze ominously—with my computer and internet connection functioning perfectly. The unexpected interruption was startling, a foreboding sign of the shocking revelation that was to follow. When the chart regained consciousness and reverted back to its regular state, I was met with a reality far removed from my expectations. My order was thus prematurely closed, culminating in substantial losses on my end. A dive into the transaction history revealed a shocking observation: My entry and exit points were not in keeping with my original placements. Instead, my entry was thrust to 1.78xxx, and my exit landed at a distressing 1.799xx causing my supposed profits to transform into shattering losses. This unwarranted manipulation resulted in a dramatic plunge in my equity, causing a disheartening forced exit from all of my orders. The most bewildering part of this ordeal was the baffling relocation of my entry point a clear two minimum bars away from my set order. Even more concerning, my order was closed at a price untouched by any bar during the period in question. The fateful event took place on the foreign time of August 11th, 2016 and unfortunately rippled into my timeline of August 10th, 2016. In the pursuit of justice, I reached out to TradersWay, armed with screenshots and detailed descriptions of my unpleasant predicament. Their response, however, left much to be desired, with little more than a reference to their margin policy, a grossly off-topic retort that did nothing to address my legitimate grievances. Their seeming indifference to customer issues, coupled with their lacking investigation into the matter, has led me to believe that my hard-earned money has vanished into thin air, seemingly without recourse. Thus, this cautionary tale is a bid to forewarn others, and to share the harsh reality of my experience with TradersWay, in hopes that others steer clear of suffering similar losses.
1 review
In this digital era, navigating the stormy seas of online trading platforms can be both an adventurous and daunting experience. Overall, an unflinching transparency and steadfast customer service lies at the heart of every successful platform. Sadly, my expedition with TradersWay was anything but satisfying. A voyage that promised fair winds was abruptly met with gusty turbulence leading to a heavy financial drain. It began with an ordinary trade bid at 1.80xxx, intending to close it at 1.78xxx to lay claim on a planned profit. However, amidst assessing market trends and strategizing my moves, the TradersWay chart inexplicably froze. Despite confirming that my personal computer and internet resources were working perfectly, the chart remained stalled for considerable minutes, leaving both myself and my account in a state of anxious suspension. In trading, every second counts, more so when the volatile currency trading market is involved. When TradersWay's chart eventually regained its momentum and restored normal operation, I was left in utter disbelief. My trade order executed, but not as intended or placed by me. The traces of my initial request had been swapped - my entry had slid down to 1.78xxx and exit had shot up to 1.799xx. This unforeseen anomaly had reversed my intended profit journey into an unnerving loss. My meticulous evaluation time and meticulous strategy were unfairly distorted, resulting in a significant loss, significantly reducing my equity and leading to a constant closure of multiple orders. The incredulous factor, two 1-minute bars off from my initial arrangement and concluding at a price point untouched during the stagnant period. Peculiarly, this incident transpired on 8/11/2016, according to the platform’s timestamp, but 8/10/2016 by my local time. Dedicated to maintaining transparent actions, I contacted TradersWay support immediately. I offered a comprehensive rundown of events, buttressed by screenshots and detailed notes. However, the defensive silence was deafening. Quoting from the margin policy, there was no initiative to address the grievance specifically about the chart freeze and the entry/exit swap. TradersWay's evidently lackluster response bodes ill for its commitment towards customer conflict resolution and portrays an apparent devaluation of investor stakes. Sense of loss grips not just in terms of finances but also in terms of the trust shattered. Fellow traders, pay heed to my unfortunate wake-up call and tread cautiously with your hard-earned resources.
Stay clear of Tradersway, a Forex broker that I found to be nothing short of dubious. A recent encounter with their services led me to devastating financial losses due to what I perceive as total chart manipulation. They froze the chart in mid-play, cunningly altering my original order by swapping my entry and exit points. This shady operation led to a significant blow to my account balance. Here's my unfortunate tale. I set my sell order at an optimistic 1.80xxx, with intentions to close in profit at 1.78xxx. However, an unforeseen glitch happened; the chart abruptly frozen for a considerable period. The peculiarity of the situation was that my computer functioned perfectly and my internet connection was robust, ruling out technical hiccups on my end. Finally, after the chart recaptured its seemingly normal state, I was astounded! My order had already closed, and not in a way I anticipated. A whopping loss was glaring at me right from the screen. On further scrutiny, my entry and exit points were astonishingly other than what I'd initially set. I found them significantly moved to 1.78xxx and 1.799xx, respectively. By this odd inversion, my potential profit was slyly morphed into an unfortunate loss. The domino effect of this operation was tragic. My account's equity dwindled drastically, thrusting a massive force-out on all of my orders. Baffling enough, my entry point got shifted to two 1-minute bars away from my initial set point. Further, my order was closed at a price beyond any bar's reach during that period. This bewildering event transpired on the 8/11/2016 foreign time and 8/10/2016 my local time. Seeking justice, I reached out to Tradersway, supporting my claim of irregularity with comprehensive information, including a screenshot of the manipulated chart and a detailed description of the troubling situation. However, their response was both disappointing and dismissive. They merely directed me to their margin policy, which was utterly unrelated to my chart freezing and entry/exit swapping ordeal. Clearly, my complaints were shrugged off. As it stands now, it's clear that they aren't interested in investigating this incident further or even attempting to rectify it. Essentially, my hard-earned money has been unjustifiably siphoned off. I am penning down this unpleasant experience as a cautionary tale to the trading fraternity. I hope my ordeal serves to alert unsuspecting traders about the potential pitfalls they could face with this brokerage.