Traders Trust Review 2020
Traders Trust is a retail broker that offers a variety of financial assets for online trading via the MetaTrader 4 platform. They offer competitive spreads and execution speeds along with negative balance protection.
Traders Trust Review 2020, Pros & Cons
- Regulated brokerage firm
- Various funding options
- Additional trading tools
- Multiple account types
- Limited educational resources
- Limited range of trading instruments
- No MetaTrader 5 platform
- No clients accepted from many countries including the USA
- No social trading platform integration
- No daily market analysis
In this detailed Traders Trust review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Traders Trust is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Traders Trust.
Traders Trust Review: Summary
Established in Cyprus in 2009, Traders Trust is an online broker that offers over 70 tradable instruments spread across different asset classes, such as forex, commodities, indices, and cryptocurrencies. They provide traders with different versions of the MT4 platform, along with some useful trading tools to assist them in their daily trading activities.
Traders Trust Review: Regulation
Traders Trust is a brand operated by TTCM Traders Trust Capital Markets Limited, which has obtained a license from the Cyprus Stock Exchange Commission (CySEC) with the number 107/09 as a CIF-Certified Investment Firm in the Republic of Cyprus.
The brand is also operated by TTCM Traders Capital Limited which is registered in Bermuda as a body corporate with registration number No. 54135.
Traders Trust Review: Countries
The broker serves clients from different regions but clearly states that the information on their website is not directed on residents of certain jurisdictions/countries including but not limited to Australia, New Zealand, Canada, Iran, Iraq, North Korea, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao People’s Democratic Republic, Uganda, Yemen, Venezuela, and Puerto Rico or to any jurisdiction where such distribution would be contrary to local laws and regulations.
Some Traders Trust features and products mentioned within this Traders Trust review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Traders Trust Review: Trading Platforms
The broker provides clients with various versions of the MT4 platform including the desktop version for Windows and Mac computers, the WebTrader version, and mobile trading apps for Android and iOS devices. The mobile version makes it easy for clients to trade on the go whilst the web version can run in most modern web browsers without needing to download or install any additional software.
Traders Trust Review: Trading Tools
Traders Trust also provides their clients with some standalone tools, such as the Economic Calendar, Trading Calculators, Historical Data, Live Spread, and VPS.
Traders Trust Review: Education
The broker offers limited educational resources. Apart from the section that shows the currencies of different countries and the FAQ section, there are no other educational materials provided by the broker.
Traders Trust Review: Trading Instruments
The broker offers online trading in over 70 instruments from different markets, including forex currency pairs, commodities, indices, and cryptocurrencies.
Traders Trust Review: Trading Accounts & Fees
Traders Trust offers different account types with different minimum deposit requirements, spreads, and commission. The account types include:
- Classic Account: $50 minimum deposit, spreads from 1.5 pips, and no commission
- Pro Account: $2,000 minimum deposit, spreads from 0 pips, and $3 per lot commission
- VIP Account: $20,000 minimum deposit, spreads from 0 pips, and $1.5 per lot commission
As broker fees can vary and change, there may be additional fees that are not listed in this Traders Trust review. It is imperative to ensure that you check and understand all of the latest information before you open a Traders Trust broker account for online trading.
Traders Trust Review: Customer Service
The broker provides prompt client support services via telephone, email, Live Chat, and various social media channels, such as Facebook, Instagram, Tweeter, LinkedIn, and YouTube.
Traders Trust Review: Deposit & Withdrawal
Traders Trust accepts a number of payment methods, such as these: bank transfers, Visa and MasterCard credit/debit cards, Skrill, Neteller, WebMoney, Bitwallet, and Bitcoin. Transaction fees and processing time vary with the method used.
Traders Trust Review: Account Opening
To start trading with Traders Trust, click on the ‘Register’ button and fill the form. Provide the necessary KYC documents to verify your account. After that, you can fund your account and start trading online when you feel prepared to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Traders Trust Review: Conclusion
Traders Trust is a retail forex broker that offers online trading on over 70 trading instruments via the MT4 platform. The broker provides a range of useful trading tools, but they are limited in educational resources and trading instruments when compared to some of the best trading brokers that have thousands of trading instruments.
The brokers products are traded on margin and carry a high level of risk, thus it is highly possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.