de | cn | ru

Traders-Trust Review - Is it scam or safe?

Traders-Trust Review - Is traders-trust.com scam or safe?

RATING: 3 / 1 REVIEWS ForexBrokerz Traders-Trust
FIND BETTER FOREX BROKER

RECOMMENDED FOREX BROKERS


Trading Accounts

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads ($ commission)
Classic  $50 0.01 1:500 1.5 pips on EUR/USD
Pro  $2 000  0.01 1:500 from 0 pips + $3 /lot (per side)  
VIP  $20 000  0.01 1:200 from 0 pips + $1.5 /lot (per side)  

 

Traders-Trust offers its clients a choice of three account types. All of them provide trading with variable spreads on the MetaTrader4 platform, as well as micro lots. As you can see from the table above, only the Classic account is commission-free.


This broker does not offer swap-free (Islamic) accounts to clients of Islamic belief.


The Company. Security of Funds


Traders-Trust is a forex broker, offering online trading in currency pairs, Contracts for Difference (‘CFDs’) and precious metals within STP trading environment.


TTCM Traders-Trust Capital Markets Ltd., doing business as Traders-Trust, is a Cyprus-based company, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker also has an offhore entity, registered in Bermuda.


CySEC forex broker regulation is not among the world’s tightest, but surely is one of the most popular in Europe. There is no cap on leverage, nor ban on hedging. All CySEC license holder are authorized to provide financial services throughout the EU under the MiFID Passporting Regime.


In order to achieve a license from the Cypriot watchdog, forex brokers have to hold at least €1,000,000 as a proof of financial stability. Moreover, the CySEC applies a compensation scheme as additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, which protects clients’ funds in case of company insolvency up to £20,000 per person.


Trading Conditions


Minimum Initial Deposit
In order to open an account with Traders-Trust, traders have to invest at least $50. Such minimum initial amount is quite low. Yet, other Cyprus-based brokers, like FXTM and XM, demand even lower initial investment  -  $5.


Spreads & Commissions

Traders-Trust offers variable spreads. For the EUR/USD pair, it quotes as typical a spread of 1.5 pips on Classic accounts. Such spreads are considered relatively high, although this broker charges no commission fee. Overall, you'd better sign up for  a Pro account, if you could aford an initial investment of $2k.


In comparison, XM provides spreads from 1.0 pips on EUR/USD on its Standard commission-free account and Exness offers its Mini account holders average spreads of 1.0 pips on EUR/USD, no commission included. For further information, you may look up and compare real-time spreads of 15 leading brokers here.


Leverage
The maximum leverage with Traders-Trust is high, reaching 1:500, which is a comparatively high ratio. Nonetheless, many Cyprus-based brokers offer even higher leverage levels: XM – up to 1:888, and Exness – up to 1:2000 (Exness is currently even running an Unlimited Leverage promotion). Here is a list of more forex brokers, offering leverage equal to or exceeding 1:500.


We advise traders to be careful when operating with increased leverage levels, as the higher leverage, the higher the risk of losses, which may even exceed initial investments.


Trading Platform


Traders-Trust supports the industry’s standard MetaTrader 4, which is the trading platform preferred by most experienced traders. It comes in desktop and mobile versions and provides a number of technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing environment for them.


What is more, Traders-Trust has partnered with ZuluTrade and FxStat’s Tradebook in order to provide quality Copy Trading services.


In addition, MAM accounts are available to Traders-Trust’s clients. MT4 Multi Account Manager platform was designed for asset managers and professional traders looking to manage and trade several trading accounts simultaneously, in a simple and secure way.


Methods of Payment


Traders-Trust’s clients can make deposits to and withdrawals from their accounts via wide range of payment methods: credit/debit cards (Visa, MasterCard), wire transfer and e-wallet systems, such as Neteller, Skrill, WebMoney, FasaPay, OKPAY, bitcoin, Sofort banking and China UnionPay.


Conclusion


Traders-Trust is a Cypriot forex broker, whose strategy is to offer standardized and narrow range trading conditions: a single STP account and only one trading platform, the industry’s standard MT4. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

Pros  Cons
Well-regulated No choice of trading platforms
MT4 available  Comparatively high average spreads on Classic accounts
High leverage levels   
Wide range of payment methods available  

 

Latest news about Traders-Trust
No news about Traders-Trust. Check back later.
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for Traders-Trust

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru