US traders Interest rate on funds Bonus offers Personal manager Trading by telephone MAM accounts Affiliate program Islamic accounts available| 8.5/10 (6 qualified reviews) | |
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| Company | TW Corp. |
| Founded in | 2010 |
| Online since | 2011 |
| Offices in | Dominica |
| Payment options | Credit/debit cards Liberty Reserve Moneybookers WebMoney Wire transfer |
| Demo platforms |
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| Account currencies | Euro United States dollar |
| Currency pairs | Show currency pairsHide |
| Website available in | Show website languagesHide |
| Support available in | English |
| Support methods | Email Live chat Phone |
| Trading server time zone | GMT+2 |
| Conditions for VIP traders | Free VPS, lower ECN commission, personal manager. |
| Special notes | Cashback ECN: If a monthly turnover is bigger than certain amount a part of commission paid is returned back to the client (several levels). |
| Minimum account size | $1 | ||||
|---|---|---|---|---|---|
| Maximum account size | $1,000 | ||||
| Minimum position size | 0.001 lot | ||||
| Spread type | Fixed | ||||
| Spread on EUR/USD, pips | 2 | ||||
| Scalping | Allowed | ||||
| Expert advisors | Except arbitrage. | ||||
| Trading instruments |
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| Trading platforms | MetaTrader 4 |
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| Digits after the dot in quotes | 5 | ||||
| Margin call level | 100% | ||||
| Stop-out level | 10% | ||||
| Number of currency pairs (of which exotic) | 45 (20) |
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20 reviews of Trader's Way are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
They have a phone number on their web site that doesn't work. You can only contact them by email.
To me that's a BIG Red Flag.
I'm using traders way now, switched from Forex.com (gain capital), to TW. Their spreads are by far the cheapest i have come across (been trading for a year),a and the ctrader platform is somewhat limited, but it is purely designed for ECN,and no bridge is necessary as in the Metatrader 4 ECN model. Their deposit and withdraw process is extremely flexible and easy to use, not too many restictions,
the downside is in the last couple of days cTrader loses connection way too often, however this doens't happen on their same account on metatrader, so i think its juts the platform, and when it loses connection, it loses all data that occurs during that time, and if lets say it loses connection for an hour, from lets say 5 to 6pm, when it finally receives connection back, it still think its 5pm, when its actually 6pm, and this is extremely bad because now all the technical indicators are receiving wrong information, and the charts are not updated, which is a death trap for any technical analyst.
other than that,
i absolutely love TW, and have no intention of switching to anyone else,
it would be nice if they got regulated, by atleast one country, ( i dont think they are)
however, being unregulataed has positives too, some clients now can get 500:1 leverage, which you cant anywhere else, and the withdrawal process isn't as resticted,
and no mimumum account size for true ECN prices like other brokers.
i apoligize if any information is innacurate
however
Just thought I should check out this ECN broker and glad I decided to do that. The pricing is very competitive and they offer some of the lowest spreads in the market along with variable and fixed spread option. And very fast withdrawal process, no troubles so far, looking great to me.
Great ECN broker, low spreads and low commission charges. And all trades are placed instantly and the platform operates without glitch. All the interbank quotes are in real time, so definitely the best ECN broker I have come across so far.
This broker is ideal for ECN trading and the execution is instant, very happy with the services so far and no complaints..
I watched Trader’s Way for a few months and have seen some of the latest updates, promos they have going on erhe. It really looks good and with the recent 20% bonus on all deposits, it sure sounds like a winning combination. Going to deposit funds soon, will keep you all updated. And for now, they look good to me..
Impressed with the low quotes and what I really like is the fact I can trade in other financial instruments, all under one roof..just perfect for any trader, and that includes yours truly.
to jerry frm oroville ca:
35 dollars for every 10 regular lots (100,000,000)
every 1 normal lot is around 7 dollars round trade ( buy and sell)
7 dollars times 5.0 round trades = $35
same commission as every other ecn broker
there's a $35 fee per 1 lot trade, many here are mentioning the low spreads, seems eurusd even around .5 pips as I write, but on .01 minimum lot that 5cents whilst the larger amount of 35cents is added to it as a fee. Can someone explain how this is good since many here are admiring spreads yet fees more than make-up for it. Thank you. Hope someone can help or elucidate me.
Jerry
Best broker I have found so far. I was also initially worried about unregulated but honestly I cannot fault them. The ECN account is excellent and I have not had any problems. Support is good too.
Very impressed with the broker platform, very user friendly and more importantly, features some of the lowest spreads I have ever come across!
This broker features some of the lowest spreads I have seen and so far, no re quotes. The broker offers multiple options for trading and the customer support is really useful..
The bit about "not regulated" did worry me a bit but this brokers offer ECN accounts with extremely low spreads, so gonna try it out. So far, I have not come across any scam reports so gonna check it out. It does look great, so let's see
Lol?
"Disadvantages:
No important disadvantages."
"Regulation - Unregulated "
:]
So, they can steal your money and you can't do anything?
Don't trust this kind of brokers...
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I'm confused. I thought the Dodd-Frank law means in order to accept US traders, you must be regulated by NFA and max leverage is 1:50? With the only exception being for the less than 1% -- it literally said if you have X dollars, you are exempt. I have no love for Dodd-Frank, as it flies in the face of my audacity of hope. I have no experience with this company so I enter my impression as neutral, but I think US traders are setting themselves up for legal action from our new overlords.