Trader 's way--Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2021-10-14 14:03

Abstract：Trader's Way is an unregulated broker offering a demo account and high leverage up to 1:1000 for trading forex, metals, energies, and cryptos on platforms like MT4, MT5, and cTrader. While they offer tight spreads starting from 0 pips, they do charge a 1.5% fee for certain withdrawals.

Trader's Way Review Summary
Founded	2010
Registered Country/Region	Dominica
Regulation	No regulation
Market Instruments	Forex, Metals, Energies, and Cryptos
Demo Account	✅
Leverage	Up to 1:1000
Spread	Starting from 0 pips
Trading Platform	MT4, MT5, cTrader, mobile APPs
Minimum Deposit	$10
Customer Support	Tel: +1 849 9370815
Customer Support	Email: sales@tradersway.com

Trader's Way Information

Trader's Way is an unregulated broker offering a demo account and high leverage up to 1:1000 for trading forex, metals, energies, and cryptos on platforms like MT4, MT5, and cTrader. While they offer tight spreads starting from 0 pips, they do charge a 1.5% fee for certain withdrawals.

Pros and Cons

Pros	Cons
Supports MT4, MT5, cTrader, mobile APPs	Lack of regulation
Tight spreads	1.5% fee for withdrawals
Demo account available
Low minimum deposit of $10

Is Trader's Way Legit?

Trader's Way is an unregulated broker. The WHOIS search shows the domain tradersway.com was registered on December 13, 2010. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

What Can I Trade on Trader's Way?

Trader's Way offers trading in Forex, Metals, Energies, and Cryptos.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energies	✔
Cryptos	✔
Stocks	❌
Options	❌
ETFs	❌

Account Type

Trader's Way offers two main account types. They also offer a demo account.

Account Type	Minimum Deposit	Minimum Deal Size	Spread
MT4.VAR.	$10	0.01 lot	from 1.5 pips
MT4.ECN., MT5.ECN., CT.ECN.	$10	0.01 lot	from 0 pips

Leverage

Trader's Way offers a maximum leverage of 1:1000. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks.

Trader's Way Fees

Trader's Way offers floating spreads and boasts spreads as low as 0 pips on their ECN accounts for the EUR/USD pair, with minimal spreads on metals and commodities as well.

Trader's Way has low commissions, which are either included in the spread for standard accounts or charged as a small fixed amount per turnover for direct market access accounts.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
METATRADER 4	✔	PC and Mobile	Beginners
METATRADER 5	✔	PC and Mobile	Experienced traders
cTrader	✔	PC and Mobile	/
Mobile APPs	✔	Mobile	/

Deposit and Withdrawal

Trader's Way does not explicitly state any deposit fees but charges a 1.5% fee for withdrawals requiring USD to GBP currency conversion. There are no limitations on the minimum deposit.