Trader's
Way is a no dealing desk/STP Forex broker that provides traders with a
range of interesting trading opportunities. Specifically, Trader's Way
offers markets in the Forex, Stocks, Energies, Commodities, and Metals
industry using a MetaTrader 4 platform. There are no limits if you sign
up with a broker on Trader's Way and you have four account possibilities
to sign up with.
A nice feature about the trading conditions at Trader's Way is that the minimum deposit is $0.2! They provide both live and Forex practice accounts to help you get started and depositing or withdrawing money is very simple.
A
bonus for signing up with Trader's Way is a 55% deposit bonus. We would
like to see more promotions available on their site, however for now
that is what's available. Perhaps more importantly, we discovered during
this Trader’s Way review that the brokerage is not regulated, which is
something that we cannot easily overlook. Equally concerning is that the
broker says straight out that they do not require any documentation to
open an account – you will only need documentation to deposit via credit
card and to withdraw.
The
brokerage offers both fixed and variable spreads on their standard
accounts, as well as ECN and micro account options. While this sounds
like a nice range of offerings, we often find that brokers focusing on
one specific offering or trading type are more focused and easier to
work with. FXPRIMUS,
for example, offers only ECN trading but at least traders can remain
focused – while enjoying knowing that they are trading with a secure,
regulated brokerage. The same cannot be said for Trader’s Way.
There’s
no question that during our Trader’s Way review we found the brokerage
to oversimplify the trading process and to market their services to new
traders who wouldn’t know any better than to be seduced by bonuses and
marketing hype. If you’re looking for a serious Forex trading
experience, we’d recommend nearly any other Forex brokerage.
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