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An Honest Review About TradersWay

(TradersWay was established with the principle mission - to provide traders with the widest opportunities available on financial markets. All financial markets, different types of accounts for any taste and the most advanced technologies are at your services. Enjoy the freedom of trading and live the life of maximum opportunities!)"

TradersWay is a broker who accepts US and non_US clients.

Their physical address, phone number, and email address are listed on their website:

Address: 8 Copthall, Roseau Valley, 00152 Dominica
Tel/Fax: +1 849 937081
Email: sales@tradersway.com; helpdesk@tradersway.com; support@tradersway.com.

I personally funded my MT4 account with TradersWay and have never had any problems depositing or withdrawing funds.

Once you sign up with Traders Way you are given login information for logging into your back office. From within the back office you an create and fund multiple live trading accounts with a max leverage of 1000:1 (for smaller deposits). All your MT4 balances will show directly within your back office and you can transfer funds from one account to another from within your back office account.

Following are the deposit methods (at the time of writing):



Following are the withdraw methods (in US client accounts, it might be different in Non-US accounts):

For US Clients Payza (AlertPay) works nicely with very minimal fees to transfer funds from your Traders Way back office to your Payza account, and from your Payza account to your bank account (for example if you transfer $500 from your Payza account to your bank account there might only be a 50 cents fee or a little more).

With TradersWay you can trade FOREX, Stock Indices, Commodities, Energies and Metals.

Their main trading platforms are Ctrader and MetaTrader 4.

TradersWay offers various MT4 account types: MT4.FIX., MT4.VAR., MT4.ECN. and CT.ECN.

You need to deposit only 10 USD to start trading on an MT4 ECN account with full access to interbank market. (NOTE: $10 is not nearly enough money if you are serious about trading Forex. But it might be enough to briefly practice with if you want to test a real money account without committing a lot of funds.)

Open an MT4.ECN. account, deposit $10 and try the best MT4 ECN service NOW!

Account Leverage is from 1:25 on up to 1:1000. (Your choice - depending on your account balance size).

Lot sizes start at .01 (10 cents a pip).

You can open and fund unlimited live accounts from within your TradersWay private office account, as well as transfer funds from one account to another...all within your private account.

Safety of Funds

Since this is one of the more important matters when looking for a reliable broker I quote in full from their website:

"A crucial issue for every investor is the safety of their funds. You need to be sure that your financial services provider will pay you your money and profits in full and in a timely manner.

No regulation can protect you from dealing manipulation, misuse of client money, or company bankruptcy. There is only one adequate way to minimize your risks: to investigate and evaluate a broker’s business model and to decide whether or not the broker will be willing and able to pay you your money.

Consider the various ways in which you can lose your money and the different methods you can use to protect yourself against such loss:

1) The company goes bankrupt and has insufficient capital to repay client deposits. This means that the company had been spending client money for its own business activity. You can check if this is the case simply by having a look at that company’s offers. If they are unbelievably attractive, e.g. huge bonuses, big commissions for partners, rebates and cashbacks, it means that the company is funding all these perks with client money to attract greater numbers of clients – a typical Ponzi scheme.

2) The client wins a lot of money and the company cannot pay it. This means that all orders are executed within the company but the company doesn’t have an appropriate policy and mechanisms to effectively manage its risks. If a company has DMA/ECN access, it means that it already has the instruments necessary for risk management. Only experienced management can develop and correctly apply an effective risk management policy. Try to work out the levels of knowledge and expertise of the company’s management before you get involved.

3) The client loses money because of dealing manipulation. If you see tricks such as order-hunting, enormous spread-widening, slippage always against you, or lagging execution then you should stay away from this broker. However, keep in mind that a given spread can widen if the market spread widens due to low liquidity (usually between sessions) or the cautiousness of market participants (usually at the time of some important releases). And slippage is normal for market execution but it should be not biased, which means that it can be both in your favor and against you.

How Trader’s Way protects you:

- We have an optimized and effective business model with a high factor of sustainability in various market conditions;

- Our team has extensive knowledge of and a great deal of expertise in Forex and CFD markets, in trading and in the brokerage business;

- We have an extensive range of internal policies and procedures to ensure high standards in relation to our business processes and staff activity;

- We employ strict AML and KYC policies to support international efforts against money laundering and inappropriate usage of funds;

- We pay close attention to the security of our clients’ data, funds, trading activity and monetary transactions. We use and comply with the highest standards of security in both financial and IT industries;

- We have an extremely conservative risk management policy based on many years of work and in-depth knowledge of the market;

- We keep client funds and company money separate. Our cash flows are organized in such a way that company expenditure cannot even be processed from accounts with client money;

- We deploy a full-NDD model that ensures you will never experience any dealing manipulation. Moreover, all our accounts except for the Micro accounts are STP/ECN. Micro accounts are intended for educational and testing purposes and have a low maximum balance. Thus, in order to comply with our risk management policy the risks are tightly controlled;

- We offer only brokerage services. We do not provide our clients with signals, trading recommendations, asset management or any other service that can result in a conflict of interests;

- We offer only reasonable promos, bonuses and IB commissions that are fully covered by our own money;

- We provide our clients with different leverage levels that are reasonable and which we can cover for different accounts, account balances and trading instruments.

We provide maximum transparency and security when it comes to our clients’ activities and our own activities. We encourage and widely practice the highest international standards of safety and security. And last but not least, we believe that only a fair and decent relationship with clients, partners and other parties can result in a long-lasting and profitable business. We utilize this approach in all our policies, procedures and day-to-day activities."

Opening and Funding an Account

At the time of writing this review TradersWay offers the following account funding options (in US client accounts): Perfect Money, Payza (AlertPay), Bitcoin, Wire Transfer, FasaPay, Credit/Debit Cards, UPayCard. (See above for Withdraw options).

If you are considering funding an account with TradersWay you might want to consider their 100% deposit bonus.

You will need to send them a copy of your photo id, and proof of address (you can send it all online).

If you are a US citizen trading with Traders Way (a non-US broker) you will need to be responsible in reporting your Forex gain or loss on Line 21 of your 1040. On line 21 you need to write: Ordinary gain/loss from IRC 988 cash forex transactions. If you have a overall loss for the year in your non-US broker account then put the amount in a negative value, such as -$5000. That amount will be subtracted from your gross income that was reported from your W2 form from your employer if you have a job, and/or from your business gross income if you own a business. If you come out ahead and have a yearly gain in Forex, instead of a loss, then add your Forex yearly gain (such as $10,000) That will then be added to your gross income, and taxed. [Check with current tax laws as they do change from time to time. If you are trading with a regulated US broker they will send you the tax info and forms you need for reporting your Forex gains or losses.]

Trader's Way widens your trading opportunities providing you with a 100% bonus on your deposit. You only need to make a deposit, send them an email, and the bonus will be credited to your trading account. The bonus is cashed to your account on a daily trading volume basis. You can't withdraw the actual bonus. For example, if you fund an account with $500 and receive another $500 bonus (which will help increase your margin), you can't withdraw the $500 bonus into your account.

100% Deposit Bonus Signup



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See Also: An Honest Review About FX Choice

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