Review of Tradersway
Tradersway is a Forex broker that offers a wide range of trading options, competitive spreads, and high leverage. It also provides support for many popular currencies and a variety of payment methods.
Unlike most brokers, Tradersway does not require a minimum deposit amount. This is a significant draw for new traders, allowing them to open an account with minimal funds.
The broker offers a range of account types for the MT4 and cTrader platforms, including micro accounts that allow small transactions. These are ideal for traders who want to test their strategies in a low-risk environment before depositing real money.
There is also a Cryptocurrency account, which allows clients to deposit and withdraw funds using Bitcoin, Litecoin, or Ripple. In addition, Tradersway accepts credit and debit cards for funding.
Tradersway provides access to an interactive daily webinar where its Chief FX Analyst offers market insights. Traders can also watch live video broadcasts and subscribe to its newsletter.
Clients can also access a free demo account, which is an excellent way to get familiar with the interface before investing in funds. The demo accounts come with fixed and floating spread options, and no natural money deposits are required.
In terms of customer support, Tradersway provides three e-mail addresses and a phone number. However, the live chat feature is offline on weekends.
The FAQ section is not comprehensive; it only answers 14 questions. Tradersway also provides a limited FAQ page and does not state operating hours.
It is important to note that Tradersway is not a regulated broker and does not provide any protection from fraud or manipulation of funds. It also does not offer a dispute resolution mechanism or third-party deposit insurance.
Tradersway has a 100% deposit bonus for MT4 accounts, but the terms and conditions discourage withdrawals. This is a red flag. In addition, Tradersway’s 100% bonus is only available for a limited time.