Compare TradersWay vs WorldForex
What is TradersWay? What is WorldForex?
TradersWay is an unregulated offshore forex broker that offers a wide range of trading instruments and platforms, as well as a variety of cryptocurrency deposit methods.
WorldForex is a registered trading brand of Existrade LTD, a company based in Saint Vincent and the Grenadines, that provides forex and digital contracts trading with low minimum deposits and high leverage.
TradersWay vs WorldForex Regulation Comparison
Neither TradersWay nor WorldForex are regulated by any reputable financial authority. This means that they do not have to comply with any rules or standards regarding client protection, fund segregation, or dispute resolution. Trading with unregulated brokers carries a high risk of losing your money or being scammed.
TradersWay vs WorldForex Trading Assets Comparison
TradersWay offers more trading assets than WorldForex. TradersWay has 39+ currency pairs, 9+ cryptocurrency CFDs, 4+ commodities CFDs, and index CFDs. WorldForex has 55+ currency pairs, 38+ cryptocurrency CFDs, 6+ commodities CFDs, 11+ index CFDs, and 104+ share CFDs.
TradersWay vs WorldForex Trading Fees Comparison
Both brokers have variable spreads and charge commissions on some account types. TradersWay has lower commissions ($3 per lot) than WorldForex ($5 per lot), but higher spreads on average. For example, the EUR/USD spread on TradersWay’s MT4.ECN account is 0.5 pips, while on WorldForex’s ECN account it is 0.3 pips.
TradersWay vs WorldForex Account Types Comparison
Both brokers offer a choice of account types with different features and trading conditions. TradersWay has four account types: MT4.VAR (variable spread, no commission), MT4.ECN (variable spread, $3 commission), MT5.ECN (variable spread, $3 commission), and CT.ECN (variable spread, $3 commission).
WorldForex has three account types: Standard (variable spread, no commission), ECN (variable spread, $5 commission), and Jet Trade (fixed spread, no commission).
TradersWay vs WorldForex Deposit Options Comparison
Both brokers accept a large and unique range of funding methods, including credit cards, bank transfers, e-wallets, and cryptocurrencies. However, TradersWay has more options than WorldForex, with 14+ deposit methods and 12+ withdrawal methods. WorldForex has 9+ deposit methods and 8+ withdrawal methods. Both brokers charge withdrawal fees depending on the method used.
TradersWay vs WorldForex Trading Platforms Comparison
Both brokers offer the most popular trading platforms in the industry: MetaTrader 4 and MetaTrader 5. These platforms are widely used by traders for their user-friendly interface, advanced charting tools, automated trading features, and social trading options.
In addition, TradersWay also offers cTrader, a platform designed for ECN trading with fast execution, depth of market data, and custom indicators.
TradersWay vs WorldForex Analytical Tools Comparison
Both brokers provide some analytical tools to help traders make informed decisions and improve their performance. TradersWay offers an economic calendar, market news, trading signals, VPS hosting service, and FxWire Pro newsfeed. WorldForex offers an economic calendar, market news, cashback club, VPS hosting service, and autotrade.
TradersWay vs WorldForex. 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, goals, and preferences. However, here are some general advice on which broker might suit you better.
- If you are looking for a broker that offers more trading assets, especially cryptocurrencies, then TradersWay might be a better option for you. TradersWay has 9+ cryptocurrency CFDs, while WorldForex has only 6+ .
- If you are looking for a broker that has lower trading fees, especially commissions, then WorldForex might be a better option for you. WorldForex charges $5 per lot, while TradersWay charges $3 per lot . However, you should also consider the spreads and other costs that might affect your profitability.
- If you are looking for a broker that offers more account types, then TradersWay might be a better option for you. TradersWay has four account types: MT4.VAR, MT4.ECN, MT5.ECN, and CT.ECN. WorldForex has only three account types: Standard, ECN, and Jet Trade.
- If you are looking for a broker that offers more deposit and withdrawal options, especially cryptocurrencies, then TradersWay might be a better option for you. TradersWay has 14+ deposit methods and 12+ withdrawal methods. WorldForex has 9+ deposit methods and 8+ withdrawal methods.
- If you are looking for a broker that offers cTrader platform, then TradersWay is the only option for you. cTrader is a platform designed for ECN trading with fast execution, depth of market data, and custom indicators. WorldForex does not offer cTrader platform.
- If you are looking for a broker that offers more analytical tools, then both brokers have similar offerings. Both brokers provide an economic calendar, market news, VPS hosting service, and trading signals . However, WorldForex also offers cashback club and autotrade, while TradersWay also offers FxWire Pro newsfeed.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You should always do your own research and due diligence before opening an account with any broker.
