Trader's Way
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Trader's Way
Overall
very good broker with good service
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Best of the best ever!
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I've satisfied with this broker.
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I been trading every open trading day for over 3 years with Traders Way & all I can say is that they are the best broker I have traded through & believe me I've used many. Very fast & friendly customer service if you ever have any question. Very fast deposit & withdraws I never had the 1st issue with any withdraws. Good execution, great spreads, 100% matching Deposit Bonuses! What more can one ask for?
G
Overall
We've been using them for a few years now. No issues. We are in the US so options are limited. This is the best we've found.
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Don't trade with a Dominica based broker! there is no protection for you when things go wrong like above.
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Hi,
I am warning everyone to avoid this scam broker. I had 4 positions where SL were placed to make decent profit.
This trades were executed with slippage of 262 pips! 262!
As they guarantee minimum slippage I did request to fix the trades.
They did not reply and after 3 email they did deny to fix the stop loss.
Such broker cannot be trusted.
Overall
Been trading with them for a few months. They have good spreads, good execution. transfer profits out almost daily. So far so good.
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You can just upload the image to a dropbox account and paste the link in your response. The site will automatically show the image. Also, TradersWay is clearly another bucket shop. More than one person here has explained situations where they had massive slippage that mysteriously appears during normal trading situations and the company wipes their hands of any responsibility (claiming that's the quote that their provider gave so it's legit). I've seen that happen with MaxFX and a lot of other scam brokers. This will never, ever happen with a legit broker.
When I was looking into them I decided not to because of this line in their customer agreement: "In the event that there has been no movement (deposit/withdrawal, trading transaction in the case of no Open Positions) on your account balance for a period of at least six months (notwithstanding any payments or receipt of charges, interest or similar items) and the Company is unable to trace you despite having taken reasonable steps to do so, you agree that the Company may cease to treat your money as Customer's money and further that ownership of such money will be irrevocably transferred from you to the Company."
Basically if your account is inactive for 6 months you agree to allow them to take all of it. The problem this poses is a major conflict of interest, where they have an incentive to not try and contact you to claim your money. The fact that a company can even dare to put something in their policy that gives them claim to your funds is just ridiculous. Why not just use an inactivity fee of $10 a month?
I didn't even read the entire policy. Who knows what other scary things are in there.
Overall
Hi!
I have been with this broker for a few weeks now and everything seemed fine so far. But what makes me pretty worried now that the slippage even during no news time increases... I usually set stop or limit orders and almost every time when the SL or TP is hit, the price is worse than set. First of all, it was like 0,2 pips or so, which I understand, but today I received 2,3 pips slippage on GU when no news were happening (and in the afternoon GMT)...! Their response is that the markets are volatile and that ECN broker works this way... I have another ECN broker (AAAFx) and they don't work this way... I get the price I set in orders... So I wonder if someone has the same experience...? Because the whole internet is almost full of positive comments on them, so I am the only one..??
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I've repeatedly had the same issue with their charts freezing as well, but the worse happened when they STOLE my entire account balance last week. I had dozens of open trades (heavy on GBPAUD positions). During the rollover, Trader's Way increased the spread on my GBPAUD positions to 100 pips and wiped out my entire account! I am supposed to have an ECN account and receive low spreads. I also have two other non-ECN brokers and their spreads were no where close to 100 pips. I trade GBPAUD daily and know quite well what the spreads typically look like during the rollover, news events, and weekend. At no point during my nearly 4 year trading career have I ever paid a 100 pip spread on GBPAUD until I was ripped off last week. There were NO news events occurring, but for some reason Trader's Way decided to increase the spread to just the right amount to wipe out my entire account. I have sent them multiple email complaints about this issue including my account number, and the order IDs and have not received a single response to my complaint. However, I am sure they will respond to this public comment to give the illusion that they actually respond to PAYING CUSTOMERS and are not a scam. Beware.
By the way, I have tried to paste and upload the screenshot showing the 100 pip spread, but it's not working. If someone would fix the attachment issue I will gladly upload the proof of how Trader's Way scammed me.
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I try several time with this broker...the price always freeze...not easy to take profit...😭😭
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Hello sir kindly give me your trading account number with associated email address
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I wanted to wait to post a review until I made my first withdraw. I'm a US resident and it is very difficult to find a broker with high leverage and no FIFO. That is why I chose Traders Way. They have out performed my two previous brokers (FXCM and Oanda) as far as execution and the simplicity and functionality of the back office. On Friday morning (05/22) before the US open, I requested a withdraw to my bitcoin account. The funds were transferred to my bitcoin account today (Monday 05/25) before the US open. I then sold the bitcoins and transferred the funds to my bank account and they will be available for me tomorrow. This was above my expectations. Especially since it's a holiday in America today. With FXCM the transaction would have never gone so fast. Funds usually to a day to process and 2-3 days to post to my bank account.
I hope Traders Way stays legit and is around for a long time because I have yet to have a better experience in Forex.
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Yes, and no problems. BTC takes about 24 hours and done manually. Be patient with btc withdrawals.
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anyone successfully withdrawal their money from this broker lately?
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If this broker is so good, why does it have a score of 2.1 / 5 ? 😲
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Just sharing my experience with Traders Way. The pricing as been great and the features of cTrader but I have had two different issues with being grossly miss-priced and filled. The first was 18 pips on a slow moving pair which they fixed and the second was being filled 38 pips and 75 pips away from the price my US broker had at the same time. This time the response was their liquidity problem and I was filled correctly. So my advice be careful with your pending orders. You might get bad pricing that doesn't get fixed.
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I trade with Traders Way.
Execution seems to be extremely fast and reliable.
I had some reservations about using them, because I couldn't find much on the web about them.
I just opened a small MT4-Micro account with them, and so far I haven't had any problems at all.
I created a stats page for my account here:
http://www.myfxbook.com/members/CodeMonkey/codemonkey/899727
They seem like a reliable broker in my opinion.
Overall
I am trading with this broker for six month. Best spreads , fasted execution. i am very satisfied.
