Compare AvaTrade vs TradersWay
What is AvaTrade? What is TradersWay?
AvaTrade is a regulated broker that offers forex and CFD trading on various platforms, including MT4, MT5, WebTrader, AvaOptions, and AvaSocial. AvaTrade also provides educational and research resources, as well as risk management tools such as AvaProtect.
TradersWay is an unregulated broker that offers forex and ECN trading on various platforms, including MT4, MT5, cTrader, and Mobile Apps. TradersWay also provides high leverage, low spreads, and flexible deposit and withdrawal options.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
AvaTrade vs TradersWay Regulation Comparison
AvaTrade is regulated by nine authorities across six continents, including ASIC, IIROC, FSA Japan, FSCA, ADGM/FSRA, CBI, BVIFSC, CySEC, and ISA. AvaTrade is considered highly trusted, with an overall trust score of 94 out of 99.
TradersWay is not regulated by any authority and operates from the Commonwealth of Dominica. TradersWay is considered untrusted, with an overall trust score of 0 out of 99.
AvaTrade vs TradersWay Trading Assets Comparison
AvaTrade offers over 1,250 tradable instruments across forex, stocks, commodities, indices, ETFs, options, and cryptocurrencies. AvaTrade has 55 forex pairs and 5500 CFDs available for trading.
TradersWay offers over 100 tradable instruments across forex and cryptocurrencies. TradersWay has 91 forex pairs and 0 CFDs available for trading.
AvaTrade vs TradersWay Trading Fees Comparison
AvaTrade charges variable spreads and no commissions on most of its accounts. AvaTrade also charges an inactivity fee of $50 per quarter after three months of no trading activity. AvaTrade does not charge any deposit or withdrawal fees.
TradersWay charges variable spreads and commissions on some of its accounts. TradersWay does not charge an inactivity fee or a deposit fee. TradersWay charges a withdrawal fee that varies depending on the method used.
AvaTrade vs TradersWay Account Types Comparison
AvaTrade offers four types of accounts: Retail, Professional, Islamic, and MAM. Retail accounts are suitable for most traders, with competitive spreads and a good choice of assets. Professional accounts offer higher leverage, lower spreads, hedging and scalping options. Islamic accounts are compliant with Shariah law and do not charge swap fees. MAM accounts are designed for money managers who want to run multiple accounts simultaneously.
TradersWay offers four types of accounts: MT4.VAR., MT4.ECN., MT5.ECN., and CT.ECN. MT4.VAR. accounts have variable spreads starting from 1.5 pips and no commissions. MT4.ECN., MT5.ECN., and CT.ECN. accounts have variable spreads starting from 0 pips and commissions ranging from $2 to $10 per lot.
AvaTrade vs TradersWay Deposit Options Comparison
AvaTrade supports various deposit and withdrawal methods, including credit cards, bank transfers, e-wallets (such as PayPal, Skrill, Neteller), and cryptocurrencies (such as Bitcoin). The minimum deposit amount is $100 for most methods. The processing time for deposits is instant for most methods and up to 10 business days for bank transfers. The processing time for withdrawals is up to 3 business days for most methods and up to 10 business days for bank transfers.
TradersWay supports various deposit and withdrawal methods, including credit cards, bank transfers, e-wallets (such as Skrill, Neteller), cryptocurrencies (such as Bitcoin), and local payment systems (such as Perfect Money). The minimum deposit amount is $10 for most methods. The processing time for deposits is instant for most methods and up to 2 business days for bank transfers. The processing time for withdrawals varies depending on the method used.
AvaTrade vs TradersWay Trading Platforms Comparison
- AvaTrade offers a wide variety of platforms for traders of all levels. These include:
- AvaTradeGO: A mobile app that allows traders to access their accounts, trade on the go, manage their risks with AvaProtect, and copy the best traders with AvaSocial.
- WebTrader: A web-based platform that does not require any download and has an easy-to-use interface.
- MetaTrader 4: The most popular and widespread retail trading platform with direct interbank market access and advanced features.
- MetaTrader 5: The next-generation trading platform and successor of MT4, with more instruments, order types, and analytical tools.
- AvaOptions: A platform that allows traders to trade FX options with over 260 expirations and 40 currency pairs.
- TradersWay offers a variety of platforms for traders who prefer different styles and features. These include:
- MetaTrader 4: The most popular and widespread retail trading platform with direct interbank market access and advanced features.
- MetaTrader 5: The next-generation trading platform and successor of MT4, with more instruments, order types, and analytical tools.
- cTrader: A new full-featured and user-friendly platform designed especially for ECN/STP trading, with fast execution, transparent pricing, and advanced charting.
- Mobile Apps: Trading applications for mobile devices based on iOS, Android, and Windows mobile operating systems.
AvaTrade vs TradersWay Analytical Tools Comparison
- AvaTrade provides various analytical tools to help traders make informed decisions and improve their performance. These include:
- Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets.
- Trading Calculator: A tool that helps traders calculate their potential profits, losses, margins, and risks.
- Autochartist: A tool that scans the markets for trading opportunities based on technical analysis and chart patterns.
- Sharp Trader: A tool that provides daily market analysis, trading videos, webinars, and educational articles.
- TradersWay does not provide any analytical tools on its website or platforms. Traders have to rely on their own research and analysis or use third-party tools.
AvaTrade vs TradersWay. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider, such as regulation, fees, assets, platforms, tools, and customer service. AvaTrade and TradersWay are two online brokers that offer different services and features for traders. Here are some of the main differences between them:
- Regulation: AvaTrade is regulated by nine authorities across six continents, including ASIC, IIROC, FSA Japan, FSCA, ADGM/FSRA, CBI, BVIFSC, CySEC, and ISA. AvaTrade is considered highly trusted, with an overall trust score of 94 out of 99. TradersWay is not regulated by any authority and operates from the Commonwealth of Dominica. TradersWay is considered untrusted, with an overall trust score of 0 out of 99.
- Fees: AvaTrade charges variable spreads and no commissions on most of its accounts. AvaTrade also charges an inactivity fee of $50 per quarter after three months of no trading activity. AvaTrade does not charge any deposit or withdrawal fees. TradersWay charges variable spreads and commissions on some of its accounts. TradersWay does not charge an inactivity fee or a deposit fee. TradersWay charges a withdrawal fee that varies depending on the method used.
- Assets: AvaTrade offers over 1,250 tradable instruments across forex, stocks, commodities, indices, ETFs, options, and cryptocurrencies. AvaTrade has 55 forex pairs and 5500 CFDs available for trading. TradersWay offers over 100 tradable instruments across forex and cryptocurrencies. TradersWay has 91 forex pairs and 0 CFDs available for trading.
- Platforms: AvaTrade offers a wide variety of platforms for traders of all levels. These include AvaTradeGO, WebTrader, MetaTrader 4, MetaTrader 5, and AvaOptions. TradersWay offers a variety of platforms for traders who prefer different styles and features. These include MetaTrader 4, MetaTrader 5, cTrader, and Mobile Apps.
- Tools: AvaTrade provides various analytical tools to help traders make informed decisions and improve their performance. These include Economic Calendar, Trading Calculator, Autochartist, and Sharp Trader. TradersWay does not provide any analytical tools on its website or platforms. Traders have to rely on their own research and analysis or use third-party tools.
Based on these differences, you may find that one broker suits your needs and preferences better than the other. However, you should also do your own research and compare other aspects of the brokers before making a final decision. You can visit their websites or read some reviews from other traders to get more information.
