ANSWER Trader's Way may offer tempting deals, but it is an unlicensed broker.Trader's Way claims to be located in Dominica, a well-known offshore center, and provides no information about its regulatory status. This is a warning sign because it means that the broker is not authorized to provide financial services or products, as legitimate brokers always present their accreditation and licenses prominently.Regarding your question, we strongly advise against dealing with Trader's Way since it is an unlicensed broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we suggest investors avoid such unlicensed brokers as Trader's Way and choose the fully regulated ones instead.
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