USA Clients Welcome
Residents of the USA are totally screwed by “powers” behind the rigged currency market. They cannot hedge and must exit trades in a “first in, first out” (FIFO) manner, and they have access to only very low leverage (use of other people's money). These restrictions are intended to severely limit traders in coping with the choppy market the Market Makers fabricate to deceive and thieve. These “powers” are the USA Robber Banks and their lap dog "false regulators". They have far reaching hands, and so all over the world USA residents are refused by brokers that allow hedging, do not impose FIFO, and provide access to high leverage. But Tradersway has chosen to be different. TradersWay provides a fairer playing field for all retail traders. This is very important for all of us, not just USA residents, because soon these "powers" with far reaching hands are going to accomplish the same restrictions on European traders: access to only low margin, enforcing FIFO and not allowing hedging.
Accurate Charting
In 2015 brokers were on the hunt to increase liquidity providers they had access to. When we checked several, we found that only TradersWay had accurate charting! The others all had charting errors that resulted in the bid/ask price on charts not being the same bid/ask price you were allowed to submit an order at! And none of the other brokers would commit to a definite time by which they would correct this error. In fact, they down talked it as though no one should even be bothered by it! We have not bothered to check again with these brokers. We feel there is no need to due to their complete unconcern for what concerned us.
Update: One of these brokers is FXCM, who was eventually driven out of the USA due to various "crooked" dealings!
ECN Account
This type of account provides better market trading conditions thru direct access to the interbank market. Spreads are low. Commissions are reasonable.
FIFO not Enforced, Hedging is Allowed & Access to Very High Leverage
As mentioned above, your account will enable you to hedge and to manage the closings of your positions in whatever order results in the most profits or the least losses. And you have access to up to 1000:1 leverage.These are three HUGE benefits...the most important benefits of all for traders!...which are not available to US residents trading with USA/Canada brokers! And maybe soon no longer available to European traders using brokers subject to European regulatory agencies.
Money Transfers
A variety of ways to transfer money are provided, including the safest of all....bank wire transfers. Their $150 minimum fee for withdrawals by wire seems high, but if withdrawals are made less frequently and in large amounts (be a successful trader) it becomes reasonable. Their is no fee for deposits by wire.
Minimal Slippage and Very Infrequent
There are times when the market is extremely volatile with prices changing rapidly and significantly. Prices are controlled by the market markers, of course, always looking to legally steal what they can. Our experience here has been that in such times we should not submit pending orders. They can be executed at “market” prices. This means your pending order can be executed at a price different from what you specify, and when the market makers decide it is in their best interests. Simply hitting the order button seems to get better results in such environments, even though such an order also can be filled at a different price.
Contact TradersWay at:
https://www.tradersway.com/?ib=1111803
Yours Truly,
Tah