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Trader's Way feedback

  • #1
  • First Post: Aug 9, 2017 5:38am Aug 9, 2017 5:38am
So, I have searched and can't find anything on this.

I really enjoy the benefits of an offshore broker, Trader's Way seems to be pretty legit. However, I've noticed Oanda's execution time is faster, as well as their ticks.

Is this something I just have to get used to? Also, I've only tested a Trader's Way demo, haven't gone live with them yet.
Livin' the dream!
  • #2
  • Aug 11, 2017 1:57pm Aug 11, 2017 1:57pm
What benefits of an offshore broker do you actually see? There are many reasons against an offshore broker such as lack of consumer protection, shady practices, etc. I'm not saying Trader's Way does any of this or not, but it is a BIG risk.
  • #3
  • Aug 13, 2017 5:58pm Aug 13, 2017 5:58pm
I've been using traders way, live in the us, been using them since January, able to take money out as well as put in pretty easy, but again I don't have all my money there..
  • #4
  • Aug 16, 2017 1:27pm Aug 16, 2017 1:27pm
Quoting jhehe
What benefits of an offshore broker do you actually see? There are many reasons against an offshore broker such as lack of consumer protection, shady practices, etc. I'm not saying Trader's Way does any of this or not, but it is a BIG risk.
consumer protection? ummm fxcm comes to mind,offshore companies that have been in business awhile are just as trustworthy as u.s. based companies
  • #5
  • Aug 16, 2017 1:52pm Aug 16, 2017 1:52pm
Quoting rockinrich
{quote} consumer protection? ummm fxcm comes to mind,offshore companies that have been in business awhile are just as trustworthy as u.s. based companies
  • #6
  • Aug 17, 2017 9:25am Aug 17, 2017 9:25am
I've used TradersWay for several years. No problems with them. Leverage up to 1000:1. GREAT spreads - Eur/Usd often as low as 1/10th of a pip. Almost always less than a pip on any major pair. Virtually no slippage on stops, even in very fast markets, like right after the NFP report.
Writer, currency trader, madman
  • #7
  • Aug 23, 2017 3:18pm Aug 23, 2017 3:18pm
Today i noticed a very strange movement on EURCHF pair (only on Tradersway). A 100 pips movement. What the heck was that?
  • #8
  • Aug 29, 2017 11:25am Aug 29, 2017 11:25am
Tradersway is on my short list of brokers I'm considering for new live accounts. Demo account execution at least is very good.
Open to new approaches.
  • #9
  • Aug 29, 2017 7:05pm Aug 29, 2017 7:05pm
I thought Tradersway was going to be my next broker too. However, this past day they've had some pretty sketchy data feeds. I would err on the caution until this gets sorted out. Here is the discussion we were having earlier: https://www.forexfactory.com/showthread.php?t=695048

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  • #10
  • Aug 29, 2017 9:54pm Aug 29, 2017 9:54pm
Quoting jhehe
What benefits of an offshore broker do you actually see? There are many reasons against an offshore broker such as lack of consumer protection, shady practices, etc. I'm not saying Trader's Way does any of this or not, but it is a BIG risk.
I have used Trader's Way for over 3 years. What are the benefits.....hedging, no FIFO, I only need to deposit 1/10 of the money to execute the same size trades as with a US broker. Shady practices??? lol, look at all of the US bucketshops my friend. Consumer protection??? another joke, US brokers offer absolutely NO PROTECTION of funds. So as a US trader, the option is ONLY to trade offshore.
  • #11
  • Aug 29, 2017 10:09pm Aug 29, 2017 10:09pm
Quoting pipmaster77
{quote} I have used Trader's Way for over 3 years. What are the benefits.....hedging, no FIFO, I only need to deposit 1/10 of the money to execute the same size trades as with a US broker. Shady practices??? lol, look at all of the US bucketshops my friend. Consumer protection??? another joke, US brokers offer absolutely NO PROTECTION of funds. So as a US trader, the option is ONLY to trade offshore.
agreed wholeheartedly.
  • #12
  • Aug 30, 2017 5:56am Aug 30, 2017 5:56am
TradersWay Has Been Perfect Thus Far. I have been with them for 1 year. I have 5 brokers. They have always responded quickly to all of my questions through chat or email. they have even gone through the trouble of refunding money in my account on mistakes that I made. This happened twice. I am always suspicious of brokers. So I always complain to them when I feel that there is scam behavior. Tradersway has been responsive in every case. So that is my experience thus far. Believe me I will tell you. ON THIS FORUM the moment any scam behavior occurs with this broker. I have so much experience with brokers i dont even want to go into all. just know I have been around a while in this game and have lost several brokers for various reasons they have gone out of business. I will take a broker to court if it comes down to that although I try to negotiate first. Tradersway has always been responsive and fair.
L-Train
  • #13
  • Aug 30, 2017 6:26am Aug 30, 2017 6:26am
Ok here is the deal with the price spikes showed above by "Tremulous"


Dear Client,
Early this morning one of our liquidity providers was sending off market quotes caused prices on several pairs to show up incorrectly in our platform. We have tended to the issue and corrected the price history for affected pairs and corrected trades opened or closed during this short time period. We apologize for the inconvenience.
If you have any questions feel free to contact us by email at [email protected] and we will be happy to answer your inquiries.
Best regards,
Support Department
L-Train
  • #14
  • Edited Sep 5, 2017 2:18pm Aug 30, 2017 6:33am | Edited Sep 5, 2017 2:18pm
Are we allowed to post brokers email addresses? The reason I ask is because my first response to this forum was removed. I am guessing it was because it had the Traderway Logo. Now all I did was copy and paste that from my email. So I guess I can do some kind of screenshot to show that it was a legitimate email response from Tradersway

{ personal information deleted by staff, per request }
L-Train
  • #15
  • Aug 30, 2017 12:32pm Aug 30, 2017 12:32pm
Today i noticed 3 opened positions on my tradersway account luckily they were on profit.But i am still in a 100 $ loss. Despite the fact that autotrading was off. I use EA. I was shoked first. then i investigated the issue..i checked the trading history and i saw that these 3 positions were the positions i closed on 29 August, midnight (on the day of north korean ballistic missiles flew over Japan)

These 3 positions was re-opened themselves or by someone, or automatically, i dont know..i lost my trust on tradersway.

What if i didnt notice this? my acc would be blown..
  • #16
  • Aug 30, 2017 1:32pm Aug 30, 2017 1:32pm
Email their customer support office. We want to see what their response is. Its important you do this as a second step in your investigation.
L-Train
  • #17
  • Aug 30, 2017 1:34pm Aug 30, 2017 1:34pm
i did. Waiting for a response
  • #18
  • Aug 30, 2017 3:46pm Aug 30, 2017 3:46pm
Technical issues like this will be seen from time to time. Need to have the kinds of trading strategies and money management that will survive and even thrive through these events.
Open to new approaches.
  • #19
  • Aug 30, 2017 4:22pm Aug 30, 2017 4:22pm
I received the below e-mail.

"Dear Valued Client,

Early in the morning on August 29th one of our liquidity providers began sending incorrect quotes through our system. This caused many clients to suffer losing trades on their accounts. We have disconnected and dropped this liquidity provider so that the issue will not reoccur. Our charts have been fixed using correct market data. However, as there were many trades involved we are carefully and meticulously working to resolve this issue by correcting all trades that were affected during this time.

Therefore if you opened or closed any trades on August 29th, you may find that these trades might be deleted from your account or otherwise modified as needed to reflect the correct market prices that would have been present on our platform. All the trades regardless of profit or loss must be treated in the same manner. We very much understand that this might disappoint some, but all deals after this matter has been resolved must reflect accurate and true market prices.

After we have completed all trade corrections, we will send another email out updating you. You may contact us with any questions you may have regarding your account. We will be happy to have a correspondence with you.

Thank you for your kind understanding and sorry for any inconvenience caused. As there are many inquiries, we will do our best to respond in a timely manner.

Best Regards,
TradersWay Team"
  • #20
  • Aug 30, 2017 6:44pm Aug 30, 2017 6:44pm
Quoting successwill
Today i noticed 3 opened positions on my tradersway account luckily they were on profit.But i am still in a 100 $ loss. Despite the fact that autotrading was off. I use EA. I was shoked first. then i investigated the issue..i checked the trading history and i saw that these 3 positions were the positions i closed on 29 August, midnight (on the day of north korean ballistic missiles flew over Japan) These 3 positions was re-opened themselves or by someone, or automatically, i dont know..i lost my trust on tradersway. What if i didnt notice this?...
My guess is your EA did it.
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