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Trader's Way fees
Cost is where brokers in the same regulatory bracket actually differ. The full fee record for Trader's Way, from the database.
Facts last checked . Read the full Trader's Way review.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.2 pips, ECN
- GBP/USD spread
- Approx. 0.4 pips, ECN
- Commission
- $3 per $100,000 turnover per side / approx. $6 round turn
- All-in cost, EUR/USD
- Approx. 0.8 pips
- Spread type
- Variable
- Overnight swap
- Both: overnight swaps may be charged or credited
- Deposit fee
- Generally none internally; provider fees may apply
- Withdrawal fee
- Generally provider-dependent; covered deposit fees may be recovered where there has been inadequate trading activity
- Currency conversion
- 2%
What this means
Cost is where brokers in the same regulatory bracket actually differ.
A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.
Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.
Trader's Way lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.
Questions about Trader's Way fees
What is the EUR/USD spread at Trader's Way?
Trader's Way records an average EUR/USD spread of approx. 0.2 pips, ECN on a variable pricing model.
Does Trader's Way charge commission?
Trader's Way's commission is $3 per $100,000 turnover per side / approx. $6 round turn. A commission account usually pairs with a tighter spread, so the two have to be read together.
Does Trader's Way charge to deposit or withdraw?
Deposit fees at Trader's Way: Generally none internally; provider fees may apply. Withdrawal fees: Generally provider-dependent; covered deposit fees may be recovered where there has been inadequate trading activity.