Compare SuperForex vs TradersWay
What is SuperForex? What is TradersWay?
SuperForex is an offshore CFD and forex broker that offers highly leveraged trades on a wide selection of forex pairs plus commodities, indices, cryptos and stocks using the popular MetaTrader 4 platform. With a range of account types, including swap-free, micro and zero spread, this broker will suit traders with different styles and setups. SuperForex is also based in Europe and offers welcome bonuses and trading contests.
TradersWay is an offshore forex broker that offers ECN trading on the MetaTrader 4 and MetaTrader 5 platforms, as well as cTrader and TradingView. TradersWay also accepts a variety of cryptocurrency deposits, such as Bitcoin, Dash and Litecoin. TradersWay offers low spreads from 0.1 pips and high leverage up to 1:1000 on forex pairs.
SuperForex vs TradersWay Regulation Comparison
Neither SuperForex nor TradersWay are regulated by any reputable financial authority. SuperForex is registered in Belize under the name SuperFin Corp., but it is not licensed by the International Financial Services Commission (IFSC) of Belize. TradersWay is registered in Dominica under the name TW Corp., but it is not regulated by the Financial Services Unit (FSU) of Dominica.
This means that both brokers are unregulated offshore brokers that do not comply with any strict rules or standards regarding client protection, fund segregation, risk management or dispute resolution. Trading with unregulated brokers carries a high level of risk, as there is no guarantee of safety or security for your money or personal information.
SuperForex vs TradersWay Trading Assets Comparison
SuperForex offers a wider range of trading instruments than TradersWay. SuperForex has over 400 trading instruments, including 200+ forex pairs, 100+ stocks, 40+ indices, 20+ commodities and 40+ cryptocurrencies. TradersWay has only 52 trading instruments, including 39 forex pairs, 9 cryptocurrencies and 4 commodities.
This means that SuperForex gives you more opportunities to diversify your portfolio and trade different markets, while TradersWay limits your choices to mostly forex and crypto.
SuperForex vs TradersWay Trading Fees Comparison
TradersWay has lower trading fees than SuperForex in terms of spreads and commissions. TradersWay offers spreads starting from 0.1 pips on major currency pairs, while SuperForex offers spreads starting from 0.0 pips. However, TradersWay charges a commission of $2.5 per lot per side, while SuperForex charges a commission of $5 per lot per side.
This means that TradersWay has a lower overall cost of trading than SuperForex, especially for larger trade sizes.
SuperForex vs TradersWay Account Types Comparison
Both brokers offer various account types to suit different trading preferences and strategies. SuperForex has six account types: Standard, Swap-Free (Islamic), Micro Cent, Profi STP, Crypto and Zero Spread. TradersWay has four account types: MT4.VAR (variable spread), MT4.ECN (ECN spread), MT4.FIX (fixed spread) and CT.ECN (cTrader ECN spread).
The main differences between the account types are the minimum deposit, the leverage, the spread type and the commission. For example, the Standard account at SuperForex requires a minimum deposit of $1, offers leverage up to 1:2000, has variable spreads from 0.0 pips and charges a commission of $5 per lot per side. The MT4.VAR account at TradersWay requires a minimum deposit of $10, offers leverage up to 1:1000, has variable spreads from 0.5 pips and does not charge any commission.
SuperForex vs TradersWay Deposit Options Comparison
Both brokers accept various payment methods for depositing and withdrawing funds from your trading account. SuperForex accepts bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller and Perfect Money) and cryptocurrencies (such as Bitcoin, Ethereum and Litecoin). TradersWay accepts bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller and FasaPay) and cryptocurrencies (such as Bitcoin, Dash and Litecoin).
The main difference between the brokers is the withdrawal fee. SuperForex charges a withdrawal fee of 2.5%, while TradersWay does not charge any withdrawal fee.
SuperForex vs TradersWay Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 platform, which is widely used by traders for its user-friendly interface, advanced charting tools, custom indicators, automated trading and market analysis features. However, TradersWay also offers other trading platforms, such as MetaTrader 5, cTrader and TradingView.
MetaTrader 5 is an upgraded version of MetaTrader 4 that has more technical indicators, timeframes, order types and execution modes. cTrader is an ECN platform that has a sleek design, fast execution, depth of market and level II pricing. TradingView is a web-based platform that has powerful charting tools, social trading and market data.
SuperForex vs TradersWay Analytical Tools Comparison
Both brokers provide some analytical tools to help you with your trading decisions. SuperForex offers Pattern Graphix, a software that identifies and displays various chart patterns on your MT4 platform. SuperForex also offers an economic calendar, a forex news section and a forex TV channel on its website. TradersWay offers an economic calendar, a forex news section and a forex blog on its website. TradersWay also offers Trading Central, a third-party service that provides technical analysis, market commentary and trading signals.
SuperForex vs TradersWay. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading goals and risk tolerance. . However, you can consider a number of factors that may influence your decision, such as:
- Regulation: If you value safety and security, you may want to avoid unregulated offshore brokers like SuperForex and TradersWay, and look for brokers that are licensed by reputable authorities like the FCA, ASIC or CySEC.
- Trading instruments: If you want to diversify your portfolio and trade different markets, you may prefer SuperForex, which offers more than 400 trading instruments, while TradersWay only offers 52.
- Trading fees: If you want to minimize your trading costs and maximize your profits, you may prefer TradersWay, which has lower spreads and commissions than SuperForex, as well as no withdrawal fees.
- Account types: If you have a specific trading strategy or style, you may want to compare the account types offered by both brokers and see which one suits your needs better. For example, if you want to trade with high leverage and zero spread, you may opt for the Zero Spread account at SuperForex or the MT4.ECN account at TradersWay.
- Trading platforms: If you want to use a certain trading platform or have access to more features and tools, you may want to check the platforms offered by both brokers and see which one meets your expectations. For example, if you want to use MetaTrader 5, cTrader or TradingView, you may choose TradersWay, which offers these platforms in addition to MetaTrader 4.
- Analytical tools: If you want to get more market insights and trading signals, you may want to see what analytical tools are available from both brokers and see which one provides more value. For example, if you want to use Trading Central, you may choose TradersWay, which offers this service for free.
Ultimately, the best forex broker for you is the one that matches your trading needs and preferences. You can also try out both brokers with a demo account before opening a live account and see how they perform in real market conditions.
