Compare TradersWay vs Forex.com
What is TradersWay? What is Forex.com?
TradersWay is an online forex broker that was established in 2008 and is based in the Commonwealth of Dominica. It offers a variety of trading instruments, including forex, cryptocurrencies, indices, metals, and energies, on multiple trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
Forex.com is an online forex broker that was founded in 2001 and is a subsidiary of StoneX Group Inc., a publicly traded company. It provides access to over 500 markets, including forex, stocks, indices, commodities, and cryptocurrencies, on its proprietary platform, as well as MetaTrader 4 and MetaTrader 5.
TradersWay vs Forex.com Regulation Comparison
TradersWay is an unregulated broker that does not hold any licenses from any reputable financial authorities. This means that it does not have to comply with any rules or standards regarding client protection, segregation of funds, or dispute resolution.
Forex.com is a regulated broker that holds licenses from several regulators around the world, such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Investment Industry Regulatory Organization of Canada (IIROC). This means that it has to follow strict rules and standards regarding client protection, segregation of funds, and dispute resolution.
TradersWay vs Forex.com Trading Assets Comparison
TradersWay offers a wider range of trading instruments than Forex.com. It has over 55 currency pairs, 38 cryptocurrencies, 11 indices, 104 stocks, and 6 commodities available for trading.
Forex.com has over 80 currency pairs, 9 cryptocurrencies, 15 indices, 220 stocks, and 10 commodities available for trading. However, it also offers access to futures and options trading through its affiliate FuturesOnline
TradersWay vs Forex.com Trading Fees Comparison
TradersWay has lower trading fees than Forex.com in terms of spreads and commissions. It offers variable spreads as low as 0 pips on its ECN accounts and fixed spreads as low as 1.5 pips on its standard account. It also charges a commission of $3 per lot on its ECN accounts.
Forex.com has higher trading fees than TradersWay in terms of spreads and commissions. It offers variable spreads as low as 0.8 pips on its standard account and fixed spreads as low as 1 pip on its commission account. It also charges a commission of $5 per lot on its commission account.
TradersWay vs Forex.com Account Types Comparison
TradersWay has four types of accounts: MT4.VAR., MT4.ECN., MT5.ECN., and CT.ECN. The minimum deposit for all accounts is $10. The maximum leverage for all accounts is 1:1000. The MT4.VAR. account has variable spreads starting from 1.5 pips and no commissions. The other three accounts have variable spreads starting from 0 pips and a commission of $3 per lot.
Forex.com has three types of accounts: Standard Account, Commission Account, and Direct Market Access (DMA) Account. The minimum deposit for the Standard Account and the Commission Account is $100. The minimum deposit for the DMA Account is $25,000. The maximum leverage for all accounts is 1:50 for US clients and varies depending on the jurisdiction for non-US clients. The Standard Account has variable spreads starting from 0.8 pips and no commissions. The Commission Account has variable spreads starting from 0 pips and a commission of $5 per lot. The DMA Account has raw market pricing with no markups and a commission based on volume traded.
TradersWay vs Forex.com Deposit Options Comparison
TradersWay has more deposit and withdrawal options than Forex.com. It supports bank wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, FasaPay, Bitcoin, Litecoin, Ethereum, Ripple, USDCoin, Tether USD/EUR/GBP/CNH/JPY/AUD/CAD/CHF/ZAR/RUB/SGD/NZD/HKD/TRY/PLN/MXN/NOK/SEK/DKK/CZK/HUF/THB/CLP/IDR/VND/INR/BRL/MYR/NGN/KES/GHS/XAF/XOF/BIF/RWF/KMF/DJF/MGA/MZN/SOS/ZMW/ZWL/BWP/NAD/LSL/SZL/XAG/XAU/XPT/XPD/EOS/TRX/BCH/DASH/DOGE/NEO/OMG/QTUM/ZEC/USDT/DAI/PAX/USDC/BUSD/GUSD/TUSD.
Forex.com has fewer deposit and withdrawal options than TradersWay. It supports bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, and eCheck.
TradersWay vs Forex.com Trading Platforms Comparison
TradersWay has more trading platforms than Forex.com. It offers MetaTrader 4, MetaTrader 5, and cTrader as its trading platforms. MetaTrader 4 and MetaTrader 5 are popular and widely used platforms that support automated trading, custom indicators, and social trading. cTrader is a newer and more advanced platform that offers direct market access, level II pricing, and enhanced charting tools.
Forex.com has fewer trading platforms than TradersWay. It offers its own proprietary platform, as well as MetaTrader 4 and MetaTrader 5. Its proprietary platform is a user-friendly and customizable platform that offers advanced charting tools, integrated trading strategies, and exclusive market commentary. MetaTrader 4 and MetaTrader 5 are the same as those offered by TradersWay.
TradersWay vs Forex.com Analytical Tools Comparison
TradersWay has fewer analytical tools than Forex.com. It does not offer any proprietary or third-party tools for market analysis, news, or signals. It relies on the built-in tools of its trading platforms, such as indicators, charts, and economic calendars.
Forex.com has more analytical tools than TradersWay. It offers several proprietary and third-party tools for market analysis, news, and signals. Some of these tools are Performance Analytics, SMART Signals, Capitalise.ai, TradingView charts, Reuters news feeds, Autochartist, Recognia Technical Insight, and Trading Central.
TradersWay vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. However, here are some general guidelines to help you make an informed choice.
- If you are looking for a regulated broker that offers more security, protection, and transparency, then Forex.com is a better option than TradersWay. Forex.com is licensed by several reputable regulators around the world, while TradersWay is an unregulated broker that does not have to follow any rules or standards regarding client protection, segregation of funds, or dispute resolution .
- If you are looking for a broker that offers more trading instruments, lower trading fees, and higher leverage, then TradersWay is a better option than Forex.com. TradersWay has a wider range of trading instruments, including more cryptocurrencies, stocks, and commodities than Forex.com. It also has lower spreads and commissions on its ECN accounts than Forex.com. Moreover, it offers a maximum leverage of 1:1000 on all accounts, while Forex.com has a maximum leverage of 1:50 for US clients and varies depending on the jurisdiction for non-US clients .
- If you are looking for a broker that offers more deposit and withdrawal options, more trading platforms, and more analytical tools, then Forex.com is a better option than TradersWay. Forex.com supports more payment methods than TradersWay, including PayPal and eCheck. It also offers its own proprietary platform, as well as MetaTrader 4 and MetaTrader 5. Furthermore, it provides several proprietary and third-party tools for market analysis, news, and signals, such as Performance Analytics, SMART Signals, Capitalise.ai, TradingView charts, Reuters news feeds, Autochartist, Recognia Technical Insight, and Trading Central .
Ultimately, the best forex broker for you depends on your own needs and preferences. You should do your own research and due diligence before opening an account with any broker. You should also consider the risks involved in forex trading and only trade with money that you can afford to lose.
