Any One Have Any Experience With TradersWay? | Forex Factory

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Any One Have Any Experience With TradersWay?

  • #1
  • First Post: Oct 20, 2013 12:24pm Oct 20, 2013 12:24pm
Wondering if any body on here has some experience trading with these guys? How was your withdrawing? has anything fishy happened since you been with them? etc?

Thanks in advance!
He who knows when he can fight and when he cannot, will be victorious.
  • #2
  • Oct 20, 2013 7:07pm Oct 20, 2013 7:07pm
Quoting TheDDReport
Wondering if any body on here has some experience trading with these guys? How was your withdrawing? has anything fishy happened since you been with them? etc? Thanks in advance!
i have used them in the past, no complains really. i have seen spreads go down to as low as 0 pips. i remember it was a sunday when markets just opened up, it was about 0 pip spread for a few hours. makes me question whether they are freezing the spread rates or something. either way, execution was good, no real complaints except that their commission calculation is based on the equation given in their FAQs, not the commission structure on the account details, unless I misinterpreted that, which I think I may have.
  • #3
  • Oct 24, 2013 9:03am Oct 24, 2013 9:03am
90% of jhehe's posts are plugging tradersway.
  • #4
  • Oct 24, 2013 11:02am Oct 24, 2013 11:02am
Quoting johnny2pips
90% of jhehe's posts are plugging tradersway.
lol, says someone who didn't trade with them?
  • #5
  • Mar 7, 2014 2:39am Mar 7, 2014 2:39am
Hi,
I am a junior member and cannot start a thread of my own yet. BTW, I have just started live with tradersway (my first broker). I have doubled my account twice in Demo account. But I have some important questions? Can Pros reply, please based on their experience with other Forex Brokers (Tradersway included or excluded no probs)

Limit Orders, Stop Orders, Stop Loss and Take Profit:
Please explain which orders are supposed to be filled in the order price. Which all are affected by Slippage and what are the acceptable limits. Which are execution guaranteed and which are price guaranteed, if something like that exist in Forex.

I am asking this because my stop orders got executed outside of the days range. Please enlighten. Thanks.
  • #6
  • Mar 7, 2014 11:38am Mar 7, 2014 11:38am
Quoting pannet1
Limit Orders, Stop Orders, Stop Loss and Take Profit: Please explain which orders are supposed to be filled in the order price. Which all are affected by Slippage and what are the acceptable limits. Which are execution guaranteed and which are price guaranteed, if something like that exist in Forex.
I do not know if this is true for all mt4 brokers, but mine answered me that limit orders are not price gauranteed; meaning that they are subject to (negative) slippage, once triggered, they effectively become market orders. Stop orders (and stops), once triggered, become market orders anyway.
Return To Disorder
  • #7
  • Mar 8, 2014 3:16am Mar 8, 2014 3:16am
Thanks Rockit,

So according to your broker all orders favours the broker.

BUY
Stop Loss : Close Price is always less than the Stop price
Take Profit : Close Price is always less than Take Profit price

Limit Order : Market Order Price is always more than the Limit price
Buy Stop : Market Order Price is always more than the Buy Stop price

SELL
Stop Loss : Close Price is always more the Stop price
Take Profit : Close Price is always more the Take Profit price

Limit Order : Market Order Price is always less than the Limit price
Buy Stop : Market Order Price is always less than the Buy Stop price

I am having ECN account and I am paying commission to Tradersway. The spread
is variable and it widens to take away stops and orders get triggered outside
the days range. Please confirm if my understanding is right.

Really wondering how you are surviving, .... trading.
  • #8
  • Mar 9, 2014 9:30am Mar 9, 2014 9:30am
It means that, with regard to any type of order:

SL, TP, as well as Limit and Stop Buy and Stop Sell orders, *can* be executed at a worse than preferred price.

Personally I do not use these types of orders; and I stay away from 'big' events that are supposed to cause market jitters.
Return To Disorder
  • #9
  • Mar 10, 2014 1:45pm Mar 10, 2014 1:45pm
Hi rockit,

Thanks for the reply. If you do not use any of the said orders that leaves with Market Orders. Please correct me if I am wrong.
  • #10
  • Mar 11, 2014 4:22am Mar 11, 2014 4:22am
Never mind this broker, is this regulated?
  • #11
  • Mar 11, 2014 12:16pm Mar 11, 2014 12:16pm
Hi undergroundz,

I dont think they are regulated. They are based in Dominica. Its too late now and I am already live. But I have limited choice of Brokers from my country. I wanted to know how ECN brokers are expected to fill the orders. Can you advise.
  • #12
  • Oct 7, 2015 10:44am Oct 7, 2015 10:44am
tradersway is a good broker,don't have any problem with them and Joe Carney(popular man) is the best man in tradersway,he help you with everything.
  • #13
  • Jun 27, 2016 12:39pm Jun 27, 2016 12:39pm
Been Using them for 6 months now..Very Pleased
  • #14
  • Jun 28, 2016 3:51am Jun 28, 2016 3:51am
tallinex.com
  • #15
  • Jun 28, 2016 4:33am Jun 28, 2016 4:33am
I never traded with Traders Way, so cannot express a personal opinion. But i have a dear friend with which we test many brokers for scalping and told me that the execution T Traders way is one of the slowest he found. Honestly i trusthim 100%
  • #16
  • Jun 30, 2016 12:54pm Jun 30, 2016 12:54pm
I had an experience with this broker and they are really slow... traded for one month and left
  • #17
  • Jul 6, 2016 1:50pm Jul 6, 2016 1:50pm
I haven't noticed slow execution, then again I don't have a huge account. I've found fills to be fine, and no stop hunting shenanigans either.
  • #18
  • Jul 15, 2016 4:33am Jul 15, 2016 4:33am
Quoting TheDDReport
Wondering if any body on here has some experience trading with these guys? How was your withdrawing? has anything fishy happened since you been with them? etc? Thanks in advance!
I use tradersway. No issues yet
  • #19
  • Sep 28, 2016 5:05pm Sep 28, 2016 5:05pm
These guys are fraud.

Have look at my post

http://www.forexfactory.com/showthread.php?t=608817
  • #20
  • Jan 4, 2017 12:00pm Jan 4, 2017 12:00pm
Quoting vaibhavjha
These guys are fraud. Have look at my post http://www.forexfactory.com/showthread.php?t=608817
If the spread goes up it can hit your sl. I would check the rates at that specific time on multiple platforms and see if they all had the same spike in spread, which is coming to them from a liquidity pool? If so, there was no shenanigans. This is my understanding.
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