Traders Trust Review
Rana Adnan | March 24, 2022
Table of Contents
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.
Broker 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
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.
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.
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.
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 Trading Platform
Tools
Traders Trust also provides their clients with some standalone tools, such as the Economic Calendar, Trading Calculators, Historical Data, Live Spread, and VPS.
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.
Markets
The broker offers online trading in over 70 instruments from different markets, including forex currency pairs, commodities, indices, and cryptocurrencies.
Accounts
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
Support
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.
Funding
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.
Signup
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.
Traders Trust Account Opening
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
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.
Min $50 Deposit
Traders Trust is a retail trading broker that offers a limited variety of financial assets for online trading via the MetaTrader 4 platform with competitive trading conditions.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
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