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Trader's Way Review Scores


Overall score: 3.8 / 5

Total votes: 117
Platform
1
Pricing
1
Customer service
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Trader's Way Discussion

1 posts
very good broker with good service
2 posts
Best of the best ever!
Mind | Method | Money
1 posts
I've satisfied with this broker.
6 posts
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
4862 posts
togr posted:
futama99 posted:
Anybody using this broker? not much discussion in the internet.
How is the execution? withdrawal?

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.
still made profit with them and withdraw each month.
40 posts
futama99 posted:
Anybody using this broker? not much discussion in the internet.
How is the execution? withdrawal?

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.
1557 posts
Don't trade with a Dominica based broker! there is no protection for you when things go wrong like above.
4862 posts
futama99 posted:
Anybody using this broker? not much discussion in the internet.
How is the execution? withdrawal?

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.
International Money Managers, LLC.
1 posts
Been trading with them for a few months. They have good spreads, good execution. transfer profits out almost daily. So far so good.
13 posts
Slurpeeforex posted:
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..??

No they are clearly scamming people. It's a sofisticated scam where they don't provide the price feed so they never claim any responsibility. They always point the finger to it being 'normal' or will give no explanation saying that it was just the price provided by their liquidity provider. MaxFX is another culprit of this same type of scam. No reputable and 'true' ECN broker can ever give you a spread that's 15+ away from the market, for the simple reason that the LP will never provide that quote because at the time the 'real' market never touched that price. I think, but i'm not sure, that it reveals they are routing orders to two seperate systems (i.e. an A&B order book). Where most of your orders get routed to the 'real' ECN market but a certain percentage are routed to what's essentially a dealing desk environment. How else can you explain quotes that are 15+ pips away from the real market? How can their platform even know to pick that price?

Look at the MaxFX thread and you'll see the large number of people who have 20+ and even a 100 pip spread. It's a sophisticated scam but I wouldn't keep my money with this broker. This is part of the reason why you want to avoid most brokers except the top 5 to 10. There's a reason their spreads are often so low and their terms attractive.
13 posts
fxdiva posted:
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.




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.
3 posts
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..??
11 posts
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.



1 posts
I try several time with this broker...the price always freeze...not easy to take profit...😭😭
121 posts
Ya, I never had a problem with them until I did. Servers have been sketchy. Their charts froze while my other account charts kept moving. I came back online to a negative account. Never happened to me before. Like I said, beware.
You've gotta be in it to win it.
5 posts
rgchem posted:
Using this broker for 1 year, and no problems...
Fast execution and good customer service
Withdrawal fast, got $3600 withdrawal without problem...

Hello sir kindly give me your trading account number with associated email address
Every battle is won before it is ever fought" - Sun Tzu
5 posts
futama99 posted:
Anybody using this broker? not much discussion in the internet.
How is the execution? withdrawal?

Hello sir kindly give me your trading account number with associated email address
Every battle is won before it is ever fought" - Sun Tzu
121 posts
***WARNING***

This is an update for TRADERS WAY. Their servers have been completely glitchy lately. Today I was in a trade shorting the EUR/USD the server glitched several times then all of a sudden my account had a negative balance on a trade that should have been profitable. I wanted this company to work so bad as I'm a US trader and we don't have many options for avoiding FIFO and trading overseas.

For some reason I'm unable to change my ranking of this company so I'll leave this last comment regarding TRADERS WAY....

AVOID THIS COMPANY AT ALL COSTS!!!!
You've gotta be in it to win it.
121 posts
I had a great day in the markets last night and decided to make my second withdraw. This time the withdraw request was processed in less than 2 hours and confirmed into my Bitcoin account immediately. It took my Bitcoin account less than an hour to complete the pending transaction. I then sold the Bitcoins to my bank account and the funds should be available to me within 24 hours. I'm definitely impressed.
You've gotta be in it to win it.
121 posts
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.
You've gotta be in it to win it.
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