简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:TradersTrust is an online forex broker based in Cyprus. In this article, WikiFX analyzes the reliability of this broker from specific information, regulations, etc. to give you a comprehensive understanding of this broker.
TradersTrust is an online forex broker based in Cyprus. In this article, WikiFX analyzes the reliability of this broker from specific information, regulations, etc. to give you a comprehensive understanding of this broker.
About TradersTrust
TradersTrust is a Cyprus-rooted forex broker. Over ten years of trading experience in the industry has contributed to this broker becoming a sophisticated broker. TradersTrust offers investors a range of financial instruments including Forex, Indices, Precious Metals, Oils, Commodities, etc.
Is It Legit?
TradersTrust is a regulated broker. It is regulated by CySEC with license number 107/09. WikiFX has given this broker a fairly high score of 7.07/10.
Trading Platform
TradersTrust provides investors with MetaTrader4 (MT4) for Windows, MAC, Andriod, iOS, and Web. You can utilize Expert Advisors(EAs) to automate your trading on the MT4 platform, or you can trade manually.
Account Types & Minimum Deposit
This broker offers traders with four different types of accounts. They are Demo account, VIP account, Pro account, and Classic account. The demo account does not require a minimum deposit. You can use it to practice your trading skills before starting the real trading. The minimum deposit for a Classic account is $50. And The minimum deposit for a Pro account is $2000, the minimum deposit for a VIP account is
Commission & Spreads
Spreads and commissions are set in the end by trading accounts. Spreads start at 0.0 pips on both accounts, however, the Raw Spread account also has a 15 USD commission fee.
Leverage
When it comes to leverage, a key red flag with this broker is that it permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for offshore companies, and Nation FX just engages in it to increase its client base.
TradersTrust on Social Media
Exposure
Although TradersTrust is a solid broker based on the WikiFX score, we received a complaint against this broker. Thus, investors need to understand the risks before investing.
Accepted Countries
Traders Trust does not provide services to residents of certain jurisdictions/countries including but not limited to Australia, New Zealand, Canada, Iran, Iraq, North Korea, Japan, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao Peoples Democratic Republic, Uganda, Yemen, Venezuela and Puerto Rico.
Conclusion
WikiFX has given this broker a high score of 7.07/10, which means this broker is relatively reliable. However, the WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction. Before deciding to invest in this broker, make sure to open WikiFX and check the latest updates about this broker, so you may not regret every step you make.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
There are many brokers that offer too many promotions. Have you ever wondered why they do this? This Could be the story of Markets.com. Before you choose Markets.com, read about the hidden risks they never openly talk about.
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story
Is MicroTrade a scam or is it safe? This is a common question for many who are looking to invest or trade. Check out this article and you’ll see it is an investment scam
Spain's financial watchdog, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), has issued warnings against 10 unlicensed forex brokers operating without proper authorization.