Introduction to TradersWay
TradersWay presents itself as a forex and CFD broker that provides very high-leverage, flexible trading conditions. In addition to claiming to support some of the most known trading, platforms such as MetaTrader and cTrader, there are serious, troubling issues with what is now being dubbed a scam. Complaints from users not only indicate that TradersWay is becoming increasingly unavailable to trust as well as suggest they would not be classified as a transparent broker.
Website: https://www.tradersway.com/
Website Availability: Yes
Owned By: TradersWay
Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
Domain Age:
Name-TRADERSWAY.COM
Registry Domain ID-1630071784_DOMAIN_COM-VRSN
Registered On-2010-12-13T11:36:04Z
Expires On-2025-12-13T11:36:04Z
Updated On-2024-11-13T21:15:09Z
Suspicious Trading Activity and Account Manipulation
One of the most alarming issues discovered involved the broker executing trades without users explicit direction. Users complained trades were being opened and closed without their indication, and in many cases, at serious loss of investment. Some highlighted that trades which resulted in losing, disappeared overnight and a few trades that were closed would at times close at an incorrect price. It possible these signals indicate either internal manipulation at worst and at best a some form of a technology problem that became advantageous for the broker.
Withdrawal Delays and Payment Issues
Numerous users reported significant waylay related to withdrawal requests. Users successfully depositing funds, became considerably more complicated when users proceeded to withdrawal. Users were instructed to deposit more, or they were in ‘error’ due to glitches related to the processing of withdrawal and/or trades. Users also reported that withdrawals were sent in various smaller amounts without indication of issuing withdrawal from unknown accounts. Significant uncertainties were raised regarding internal financial practice and functionality.
Unresponsive and Ineffective Customer Service
While they state they offer 24/7 customer service, every client experiences long wait times with multiple requests for updates, meaningless copy-paste responses, no accountability, and unresolved complaints, even after multiple banks of complaints.
FAQs
Q1: TradersWay is regulated, right?
No, TradersWay is not regulated by any central financial authority, and this puts investors at risk.
Q2: I can withdraw my money from TradersWay though, right?
After extensive reviews, many users reported issues with withdrawals, including not being paid, being blocked, or delayed with their funds.
Q3: Is it safe to trade with TradersWay?
As a result of this large volume of ignored complaints and suspicious activity, it is best to avoid TradersWay and look for regulated alternatives.
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