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Trust Broker Group Review - Is it scam or safe?

Trust Broker Group Review - is trustbrokergroup.com scam or good forex broker?

RATING: 1.8 / 0 REVIEWS Trust Broker Group
Trust Broker Group is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads  
Micro $250 0.01 1:200 1.2 pips
Standard $1000 0.01 1:200 1.0 pips
VIP $10 000 0.01 1:200 0.8 pips

 

Trust Broker Group offers several accounts types, all of which provide leverage up to 1:200, variable spreads with no commission fees, and the option to trade in micro lots. Besides, these accounts have swap-free trading option available to investors of Islamic belief.

 

Overall, the offerings of Trust Broker Group seem reasonable – the minimum deposit required, as well as the leverage levels offered are average for the forex industry. The spreads are also competitive, falling within the average range of 1.0 – 1.5 pips on EUR/USD.

 

Besides, scalping, hedging and EAs are allowed at Trust Broker Group, which is typical for offshore brokers. The thing is, why choose this broker, when there are so many other companies offering similar or better conditions, but having a significant advantage – license to provide financial services, issued by a reputable regulator.

 

The Company. Security of Funds

 

Company

Country

Regulation

Trust Broker Group Ltd.

Vanuatu

VFSC

 

Trust Broker Group is an a newly-established forex broker that offers trading in around 60 different currency pairs and precious metals through the MetaTrader 4 (MT4) platform. CFDs on indices & shares are not available with this broker, which may be a bit of a downside for traders who prefer these instruments.

 

Trust Broker Group is a trading name of Trust Broker Group Ltd., which is regulated by the Republic of Vanuatu Finance Service Commission.  The broker has a representative office in Birmingham, UK.

 

Vanuatu is an offshore tax-free destination, where registration procedure for forex and binary brokers is fast and inexpensive. Minimum capital requirements are also low, amounting to just $2000. As is usually the case with offshore zones, little focus is placed on supervision of registered entities and client protection, which is why we do not recommend trading with offshore or non-regulated brokerages.

 

Because of all the risks involved when doing business with such companies, we advise traders to select a forex broker licensed in UK, Cyprus, or Australia for instance, where traders have certain level of protection.

 

Trading Platforms

 

Trust Broker Group offers its customers the good old MetaTrader 4 (MT4), desktop and mobile versions available.

 

MT4 is the preferred choice of most traders, as the platform is reliable and easy to use, and yet its is equipped with a full set of professional tools: a number of technical indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EA), allowing clients to fully automate their trades.

 

 

Some extra tools are available to clients of Trust Broker Group Ltd. with deposits of at least $500 - Range 2017 & Trend 2017 indicators, as well as Indicator Canal 2017.

 

Promotions

By the time of writing of this review, Trust Broker Group offers 30% on-deposit tradeable bonus for all live account holders. The broker also organizes a demo contest with $10000 pool prize to be distributed among the top 10 traders.

 

Methods of Payment

 

Trust Broker Group offers its clients credit/debit card and bank wire as payment methods. e-wallets Skrill, Neteller, Sofort, China UnionPay will soon be introduced as options for deposit/withdrawal.

 

Withdrawals are free of charge and take up to 2 business days.

 

Conclusion

 

Trust Broker Group is a young Vanuatu-registered forex broker that supports the renown MT4 platform. In our view, the main problem with this broker is that it is regulated offshore, and also that its product portfolio is somewhat limited. Otherwise, its offerings appear reasonable. Here are, in a nutshell, the pros and cons of Trust Broker Group:

 

Pros

Cons

MT4 available

Registered offshore

Competitive spreads, no commission fees

No indices and shares CFDs

Bonuses offered

Newly-established broker

 

Latest news about Trust Broker Group
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Traders` reviews for Trust Broker Group

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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