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Trader’s Way VS bunq

Compare Trader’s Way VS bunq and see what are their differences

Bill.com
Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform. featured
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Trader’s Way logo Trader’s Way

Trader’s Way is an online CFD and FOREX broker that offers a wide range of trading products and services with the best possible trading experience.

bunq logo bunq

bank of the Free! Mobile banking that makes life easy.
Visit Website
  • Trader’s Way Landing page
    Landing page //
    2023-03-12
  • bunq landing page
    landing page //
    2024-11-08
  • bunq business page
    business page //
    2024-11-08

A mobile banking solution designed to simplify personal and business finances with innovative features.

Trader’s Way features and specs

  • Wide Range of Trading Instruments
    Trader's Way offers a diverse selection of financial instruments including Forex, metals, energies, and cryptocurrencies, enabling traders to diversify their portfolios.
  • Multiple Account Types
    They provide several account types such as MT4.ECN., MT4.VAR., and others, catering to different trading preferences and strategies.
  • High Leverage Options
    Trader's Way offers high leverage options which can be attractive to traders looking to maximize their market exposure.
  • ECN Trading
    The availability of ECN accounts allows traders to access the market with the possibility of better spreads and direct market access.
  • Advanced Trading Platforms
    The brokerage supports advanced trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, which are popular among traders.

Possible disadvantages of Trader’s Way

  • Regulation Concerns
    Trader's Way is registered in Dominica, which may raise concerns for some traders about the level of regulatory oversight compared to brokers regulated in more established jurisdictions.
  • Limited Educational Resources
    The broker's educational resources and tools for beginner traders are somewhat limited compared to other brokers that offer comprehensive learning materials.
  • Customer Support Limitations
    Some users have reported that customer service response times can be slow, impacting traders who require immediate assistance.
  • Inactivity Fees
    The brokerage may charge fees for inactive accounts, which can be a disadvantage for infrequent traders.

bunq features and specs

  • 100% online – no branch visits, no paperwork
    Get started from anywhere, anytime. Just download the bunq app, and you’ll never need to visit a physical branch.
  • Manage expenses effortlessly
    Create up to 25 Bank Accounts to organize your budgeting, manage salaries, set aside savings, and even handle multiple local currencies—all within seconds.
  • Earn Cashback
    Get rewarded for every payment made with your card, including employee cards—paid weekly.
  • Free Business Account for Freelancers
    A perfect no fee business bank account option to help you manage your finances efficiently.
  • Tap to Pay (receiving payments)
    Businesses can easily accept in-person, contactless payments for your business. Wherever you are, all you need to accept card payments is your bunq app and your smartphone.
  • Save time with automation
    From bookkeeping integrations and AutoVAT to quick invoice processing, bunq offers a wide range of tools that save you time, so you can get back to running your business.
  • Sky-high interest rates
    Boost your savings with 2.51% interest on EUR for personal accounts and 0.75% for business accounts — and earn even more on USD and GBP. Interest is paid out every week, so you can benefit from compound interest.
  • Teamwork made easy
    For businesses - quickly and safely share your account with co-directors and employees, so you can manage money collectively and make financial decisions together, all within the bunq app.
  • Bank like a local, wherever you are
    Open accounts with NL, DE, ES, FR & IE IBANs, and in up to 22 currencies quickly and without any hassle. You also get 6 worldwide ATM withdrawals for free every month.
  • Plant trees with your card
    As a bunq user you'll plant trees just by using your bunq card. We're planting mangroves in Kenya thanks to our partner veritree. You can also track the estimated CO2 impact of your transactions in the app!
  • Exclusive Business Card perks
    With our business accounts, get top discounts on tools and services like Google Workspace to help your business grow and succeed.

Analysis of bunq

Overall verdict

  • Bunq is generally regarded as a good option for those looking for a modern, mobile-first banking experience, especially if sustainability and innovative financial tools are important to you. However, it may not be the cheapest option as it charges a monthly fee for certain account types.

Why this product is good

  • Bunq is often praised for its innovative features which are designed to provide a modern and flexible banking experience. It offers a highly user-friendly app, multiple sub-accounts for budgeting, instant payment notifications, and the ability to plant trees with certain transactions. It's also known for its commitment to sustainability and transparency. Users who value quick, on-the-go banking often appreciate bunq's seamless interface and customizable options. Additionally, bunq supports multiple currencies and provides various tools for managing finances effectively.

Recommended for

    Bunq is recommended for tech-savvy individuals, frequent travelers, environmentally conscious users, and anyone who values digital convenience and flexibility in their banking services. It's especially useful for those who are comfortable managing their finances through a mobile app and who can benefit from features like real-time budget tracking and multiple currency support.

Trader’s Way videos

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bunq videos

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bunq Update 27

More videos:

  • Review - Bunq Review - The SUPERGREEN Bank of the Future!
  • Review - Automate your payments with bunq API

Category Popularity

0-100% (relative to Trader’s Way and bunq)

Trader’s Way

bunq

Finance
38 38%
Finance
62% 62
Investing
100 100%
Investing
0% 0
Online Payments
0 0%
Online Payments
100% 100
Trading
100 100%
Trading
0% 0

User comments

Share your experience with using Trader’s Way and bunq. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, bunq seems to be more popular. It has been mentiond 3 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Trader’s Way mentions (0)

We have not tracked any mentions of Trader’s Way yet. Tracking of Trader’s Way recommendations started around Mar 2022.

bunq mentions (3)

  • NexoCard issues/rejections in Germany
    I had similar issues with bunq.com from Netherlands where their Mastercards where registered in Russia and they had to fix it and afterwards everything is fine and you can use the card without any major problems. Source: about 3 years ago
  • [FWI] More people would use those existing solutions?
    Plants trees for customers under 18 • https://bunq.com. Source: about 3 years ago
  • Is YNAB really better than just using multiple bank accounts as envelopes?
    I use Vivid here in Germany (https://vivid.money/en-de/) and before that Bunq (deemed it too expensive) (http://bunq.com), but these are both only available in Europe. Looks like One Finance could be an alternative for people in the US, if that applies to you (https://www.onefinance.com). Source: over 3 years ago

What are some alternatives?

When comparing Trader’s Way and bunq, you can also consider the following products

KOT4X - KOT4X is an online platform for Forex trading, Crypto, and CFD Broker that offers a wide range of tradable assets, including Forex, Cryptocurrencies, Gold, and Oil.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

SimpleFX - SimpleFX is a powerful CFD trading platform that enables you to trade a variety of financial instruments, including stocks, commodities, indices, and currencies.

BankWorld Mobile - Mobile banking software

FXChoice - FXChoice is an Electronic Communications Networks broker that offers Contract For Differences and Forex trading on the most popular platforms.

MyBank - Mobile banking system with digital passbook & bill payments

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