Brief informationTRADER’S WAY
The broker is registered in the Dominican Republic. The Caribbean offshore states are members of various associations to streamline the financial sector. There are regulators got them of different importance. But currently Trader’s Way does not have a valid license.
Tools:
- currency;
- precious metals;
- energy supply;
- indices;
- commodities.
Trading platforms
It uses the classic MetaTrader 4 solution, and also offers its own development of Trader's Way Web Trader with mobile applications.
Connecting MT 5 is in the progress, but so far in cloudy outlook. Trader’s Way explains that in the new version, unlike the “four”, there are no options for performing hedge transactions.
The broker does not recommend using locks in trading, but receives requests from customers to make a new version of the platform available.
The broker promises to try to fulfill the wishes, but so far it cannot tell the exact dates.
5 types of accounts with different conditions
The trader can choose fixed or variable spreads, big amount or minimum deposit. You can trade starting with $ 1. ECN accounts are available from the threshold of $ 10.
There is a micro account, which is recommended for beginners. If the minimum for standard is 1000 units, then for micro - only 100. Therefore, having invested only a few dollars and taking advantage of leverage, you can make real deals without risking big losses and sharpen your skills gradually.
It is because of this opportunity that Trader’s Way proudly declares that it has no minimum deposit. A few bucks - and trade for real.
Micro accounts can only be opened in USD. Standard - in dollars or euros.
Deposit the account and withdraw money
With the help of:
- bank transfer,
- credit card,
- WebMoney,
- cashU,
- Money bookers.
Commission
For MT4.VAR, MT4.FIX and micro accounts, all payments are included in the spread and no additional fees will be charged.
ECN has the most minimal spreads, starting with zero. Therefore, there is a commission, the size of which is shown in a special table.
The formula takes into account trade volumes. To get the finish number you need to make 3 steps:
- calculate your own trade volume in USD
- divide the resulting figure by 100,000
- multiply the result of action № 2 by the size of the commission.
What Trader's Way considers to be its benefits
1. Very low minimum deposits.
2. The presence of Islamic accounts and a wide selection of conditions for others.
3. Leverage up to 1: 1000.
4. Permission to use advisers and scalping.
5. Modest commission. On micro and standard accounts, it is already included in the spread and is not additionally charged.
Conclusion
Contacting a broker without a license is always a lottery. If you still decide to do that, start with the minimum amount.
We also don’t recommend to use Trader's Way's own platform, but precisely safe and widely recognized one.
