ForexTB
traders way
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Overview
ForexTB was founded in 2015 and is headquartered in Cyprus, while traders way was established in 2012 and is based in Grenadines. ForexTB holds licences including Cyprus Securities and Exchange Commission (CySEC), while traders way is regulated by Financial Conduct Authority (FCA) among others. ForexTB serves 5,000+ clients worldwide; traders way has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | ForexTB | traders way |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F327 |
| Founded | 2015 | 2012 |
| Country | Cyprus | Grenadines |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexTB and traders way, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. traders way charges withdrawal fees while ForexTB does not, giving ForexTB an edge for frequent withdrawers. traders way charges deposit fees; ForexTB does not. Overall, ForexTB scores higher on fees in our assessment.
| Feature | ForexTB | traders way |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
ForexTB offers MT4, MT5, cTrader, while traders way supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. traders way supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | ForexTB | traders way |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexTB and traders way compare. ForexTB runs regular live webinars; traders way does not. Both provide video tutorials. ForexTB publishes daily market commentary; traders way does not. Both integrate third-party research tools. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | ForexTB | traders way |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexTB accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while traders way supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). traders way uniquely supports PayPal and Skrill and Neteller among the two brokers. traders way scores higher on deposit and withdrawal flexibility.
| Feature | ForexTB | traders way |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexTB and traders way offer live chat support. Both provide phone support. Email support is available at both brokers. ForexTB supports 2 languages and traders way supports 8, giving traders way broader global reach. Both brokers are comparable on support quality.
| Feature | ForexTB | traders way |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |