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Wednesday, July 23, 2014

TradersWay -- Forex Broker Accepting USA Clients

The first broker I would like to write about is TradersWay, a retail FOREX broker who accepts US clients who are completely against the CFTC regulations brought on by the Dodd Frank Act just a few years back. I have been trading with this broker for one year and have had no problems whatsoever.

The following table represents the available leverage as a function of the account balance:



balance lower than 1,000 -- 1:1000


balance from 1,000 to 5,000 -- 1:500


balance from 5,000 to 10,000 -- 1:200


balance from 10,000 -- 1:100



However, if you contact the TradersWay support team via email, you can request 1:500 leverage for accounts up to $10,000. Further, they will provide 1:200 leverage for accounts over $10,000 upon request. I have done so myself. Their spreads are excellent, which can be seen by downloading a demo account.

Most importantly, after depositing our funds to a broker who is not regulated by the CFTC, we need to be confident that we will get money back from them. Thus I have attached some of my recent withdrawals made via Skrill as I began taking profits regularly. These withdrawals have all been processed within 12-24 hours. I have also made successful wire transfers with them.


Please use my referral link if you sign up for an account in order to support my mission of trying every forex broker and testing their trustworthiness.

Referral Link: http://www.tradersway.com/?ib=1013193

Verdict: Trustworthy

Ratings:
Customer Service - 9/10
Dependability - 10/10
Platform - 9/10
Withdrawal Time - 10/10

Overall Rating: 10/10