Traders Trust Review
Traders Trust is a forex broker that offers a decent selection of financial instruments for trading online via the popular MetaTrader 4 (MT4) platform for web, desktop and mobile. You can trade whether you’re a new or experienced trader and get access to some robust tools to help with your market analysis. It is good to see that the broker is continuously working towards providing you with the best trading conditions in the market. I like how they offer spreads as low as 0.0 pips and quick execution speeds with an average execution time of just 0.13 seconds. This means they can be suitable for scalping strategies that require the best possible prices at all time. I think they could improve by adding some more educational content for beginners although there is the option of a demo account if you want to practice your trading strategies before opening a real account. The minimum deposit is just $50 which is relatively low when compared to many other brokers. I think they can be worth consideration if you are primarily looking to trade forex as the instruments in other asset classes are quite limited.
Pros & Cons
- User-friendly trading platforms for web, desktop and mobile
- Nice selection of forex currency pairs
- Tight spreads from just 0.0 pips
- Rapid trade execution speeds
- Very low commission fees
- Handy trading tools to assist traders
- Copy trading platform for strategy providers and followers
- Managed accounts for money managers and investors
- All trading strategies including scalping and hedging are allowed
- Flexible choice of account types
- Great variety of deposit and withdrawal options
- Free VPS hosting for qualifying users
- Free demo trading accounts
- Islamic account, swap free on overnight positions
- Excellent customer support
- Limited educational resources for beginners
- Limited range of non-FX trading instruments
- Cannot accept clients from some countries
- Access to low spreads requires a much larger deposit
- No MetaTrader 5 platforms
Established in 2009, Traders Trust is an online broker that has a reasonable variety of CFD trading instruments spread across different markets, including forex, commodities, indices, and cryptocurrencies. They provide you with different versions of the very user-friendly MT4 platform for all of your devices, along with some useful trading tools to assist you in your daily trading activities. This gives you convenient access to the global markets from anywhere, at any time. I found the broker to have low spreads and good execution speeds with easy and fast deposit and withdrawal facilities. Traders Trust is a top provider of online trading services committed to delivering reliable, transparent and ethical trading conditions, and outstanding customer experience to an audience worldwide.
When it comes to choosing a trading broker, regulation is one of the most important things to look out for. This is because a regulated broker must follow strict rules and procedures that have been put in place to protect investors. Traders Trust has two separate entities, one based in Cyprus and the other in Bermuda. TTCM Traders Trust Capital Markets Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC). The brand is also operated by TTCM Traders Capital Limited which is registered in Bermuda. You can decide which entity you would like to open an account with but it is important to remember that not all regulators are the same, so products, features and protection may vary.
The broker should keep your funds separate from the company’s funds. The funds need to be securely kept at banks, so they are only used by you, and they are available for you to withdraw at any time. If your balance goes negative, the broker will rebalance it back to zero. They make sure that no matter if the market moves against your trades quickly, you should not lose more than your account balance.
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. If you find that your country is not accepted for whatever reason, please feel free to browser our broker reviews for an alternative option.
Traders Trust provides you with various versions of the industry standard 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.
I have used MT4 for many years and find it to be the ideal platform for manual and automated trading. I use the desktop platform for analysing the markets using my customised strategy templates and also to run automated systems. It has the most functionality and is really easy to navigate. It has an intuitive interface that you can modify according to your own preferences. The web platform is handy for when you need to access your account from different devices, which can help in an emergency if you don’t have your own device available for any reason. The MT4 app is sleek and modern, making it a breeze to manage your positions and follow the latest market news from the comfort of your mobile phone.
One of the main advantages of MT4 from my experience is that there are many MetaTrader brokers. This means, if you do decide to switch providers down the line, you won’t necessarily need to learn a new platform from scratch. Whatever your trading style or experience level, I think it is a great platform for anyone looking to get convenient access to the markets with plenty of tools, features and functionality.
The MT4 platform allows you to trade manually or use algorithmic trading with Expert Advisors or EAs. These are software programs that you input in your terminal and that notify you or open and close positions automatically according to certain parameters that you can set from the EA inputs. This accessible solution is timesaving, it removes emotions from your trading completely and gives you flexibility when you trade. If there is a trading strategy that you have, chances are that it can be automated. If you have the technical know-how, MT4 allows you to build your own trading robots using its MQL4 programming language. This means you can automate your trading based on the specifications that you set. You can also input EAs that other programmers developed in your MT4 terminal. You can find and purchase the algorithmic programs outside or within the MetaTrader Market and use them to automate your own trading.
- Customizable interface
- One-click trading
- Technical indicators
- Graphical objects
- 4 Pending order types
- 3 Order Execution Types
- Algorithmic trading
- Financial market news
- History of trades
- Price alerts
If you don’t have the time or skills required to trade manually, you might consider the Traders Trust copy trading platform. This allows you to automatically copy the trades of high-performing investors on your own account through the Social Copy Trader. Whether you are new at trading or experienced but don’t have the time to follow the markets, you can harness the skills of top-notch traders. You automatically trade CFDs on forex, stocks, cryptos, indices, metals, or oil as they do in real time. Whatever they do, gets instantly reflected on your trading account. If you have your own successful strategy, you can allow others to copy you and have all your positions reflected on their accounts to possibly earn a performance fee from them. The more copiers you have and the more they invest in your trading, the more earnings you could generate. Just make sure you understand there can be no guarantee on results when copying trading signals. Past performance is not a reflection of what will happen in the future. I actually prefer to maintain control over my own trading activity as I feel this is the best way to learn from your mistakes and to become a better trader in the long run. If you are specifically looking for a social trading platform, then I would say that eToro is the industry leader in this respect.
The MT4 platform is already packed with more than enough tools for most traders. You can also find lots more in the marketplace and even build your own in the MQL editor. If you have an idea for an indicators, script or strategy, chances are that you will be able to make it happen in MT4. In addition to the plethora of market analysis and trade management tools in the platform, it is good to see that Traders Trust also provides their clients with some standalone tools, such as the Economic Calendar, Trading Calculators, Historical Data, Live Spread, and VPS. However, I think it would be great if they could integrate with third-party analytical software such as Autochartist and Trading Central. If you are looking for such tools, Forex.com provide both free of charge.
Virtual Private Server
You can use a virtual private server (VPS) to host trading platforms and take advantage of 24/7 access without having to worry about other factors that could impede your ability to trade effectively including, internet connection speeds, system errors or power outages. Using VPS servers, your MT4 Expert Advisors will run continuously meaning that you can completely automate your trading and be confident that your EAs run around the clock during trading hours. I have my own VPS that I use to run multiple instances of the MT4 platform so that I can test my automates strategies and compare brokers to see how each perform. The broker has collaborated with leading third-party service providers to offer you top-rank Forex VPS hosting. One of the advantages of this brokers is that you can have your monthly VPS subscription fee reimbursed in full in your trading account when you meet the requirements for any of the VPS packages; the Bronze, Silver or Gold package.
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. I think this is slightly disappointing but not really a deal break from my perspective. You can find a plethora of free trading guides and tutorials videos online and there is the option of a free demo account which can be a good way to get some hands-on experience. If you are an absolute beginner, you might want to look at our best brokers for beginners to see some alternative options.
Traders Trust offers online CFD trading in over 70 instruments from different markets, including forex currency pairs, commodities, indices, and cryptocurrencies. This means that you can speculate on the price of an instrument without needing to physically own the underlying asset. The difference in price from when you open and close the position, is your profit or loss minus any brokerage fees. If you are primarily looking to trade forex and commodities, you should find there to be plenty of choice. However, if you want to trade stocks, then you may wish to browse our best stock brokers for some other options as Traders Trust do not currently support many stock instruments.
Traders Trust have a nice variety of different account types with different minimum deposit requirements, spreads, and commission. You can choose the account that best meets your needs and trade all instruments, on all accounts with ultra-fast execution speeds and minimal slippage. All accounts offer execution that can accommodate multiple trading strategies such as scalping, scaling, algorithmic trading, news trading and more. However, if you want access to 0.0 pips spreads, you will need at least the pro account which has a minimum deposit of $2,000. There are other brokers who provide you with 0.0 pip spreads from much less, including IC Markets who have a $200 minimum deposit requirement. That being said, the Traders Trust commission fee of just $3 per side is very cheap and can help save fees in the long run. If you want even better conditions, the VIP account lives up to its name. Spreads from just 0 pips and a very low commission fee of $1.5 per side will be hard to beat by any broker. This would be my account of choice as I use scalping strategies that require the best possible conditions. The main issue being the minimum deposit is again quite high at $20,000. The account types include:
- Minimum First Deposit: $50
- Account Currency: USD/EUR/JPY
- Commission per side: NO COMMISSION
- Spread min: 1.5 pips
- Leverage: Up to 1: 3000
- Min. Trade Volume: 0.01 lot
- Minimum First Deposit: $2,000
- Account Currency: USD/EUR/JPY
- Commission per side: 3$ / lot
- Spread min: 0 pips
- Leverage: Up to 1: 3000
- Min. Trade Volume: 0.01 lot
- Minimum First Deposit: $20,000
- Account Currency: USD/EUR/JPY
- Commission per side: $1.5$ / lot
- Spread min: 0 pips
- Leverage: Up to 1: 3000
- Min. Trade Volume: 0.01 lot
If you are new to trading, you can use your demo account to practice trading and improve your skills with virtual funds and zero risk. When you are confident enough, you can switch to a live trading account with ease. The broker has a free demo account that enables you to practise trading risk-free with up to $200,000 in virtual funds. If you have experience in trading, the demo account can be a handy addition to your trading tools list and is a good way to test a broker to see if they have suitable trading conditions for your strategies. You can use it to test the effectiveness of trading strategies in a simulated environment without risking your real funds.
The Islamic forex account complies with Halal Islamic trading and is available to Muslim traders that wish to invest in the markets according to the principles of Islamic Finance and the Sharia Law. You can leave positions open overnight with no commission charged on your account for a varied period of time depending on the instrument. The swap-free trading period for each position starts once the position is opened.
The Traders Trust multi-account manager Account is a market leading solution that allows all trading strategies including scalping, hedging, scaling and more. You can manage clients’ portfolios in a personalized trading environment using all the features available on the MT4 and tailoring them to your professional needs. You can manage and trade multiple CFD instruments across several of your clients’ accounts on the MT4 platform with ease. Execute your trading strategies on your MAM (Multi-Account Manager) account and have your trades seamlessly mirrored in your clients’ individual accounts. The multi-account manager account is an all-round solution for money managers.
- Extensive Reporting Functions
- EA & Manual Traders Solutions
- Access to Top-Tier MAM Technology
- Customizable Trading Conditions
- Multiple Allocation Methods
- High Level of End-User Control
- Smooth Addition/Removal of Funds
- Automated Commission Calculation
- Lightning-Fast Order Execution
The Traders Trust Managed Account makes professional fund management – once exclusively available to high net-worth investors – accessible to all. It allows you to invest in top-tier strategies provided by financial market experts. You can leave your trading to specialists that work around the clock for you and make the most of trading opportunities with this innovative product.
They have a variety of different strategies which you can choose from. The trading activity is reflected in your account and you can start or stop investing at any time. You can set your limits and invest in multiple strategies. I actually found the drawdown on some of them to be quite high so would personally prefer to trade by myself. Always remember, there can be no guarantee on results and past performance is by no means an indication of what will happen in the future.
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. You can send them a message on live chat and one of the customer support agents will reply to you as soon as possible. I personally found this to be the quickest way to speak with someone. If you prefer, you can send them an email and they will get back to you with answers that can cover your questions but it will take slightly longer to get a response as expected. Another quick way to speak with someone is to give them a call. They speak multiple languages if English is not your native tongue and are always happy to help.
I was pleased to see that Traders Trust accepts a number of payment methods including bank transfers, card payments, digital wallets and cryptos. There is plenty of choice for everyone, with quick and easy deposit and withdrawal options available. I personally find that digital wallets are the most convenient way for me to move funds between my trading accounts. I like how they do not charge any funding fees, but be aware that you may incur a third-party provider fee and blockchain fee if using crypto. Simple and speedy transactions are at the heart of the brokers operations. In a few clicks, you can request a withdrawal and within just 1 working day they make sure to process your funds. Just keep in mind that transaction fees and processing time vary with the method used.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I am really impressed with many aspects of Traders Trust although there is some minor room for improvement. I think they can be a good solution for anyone who already has some trading experience and wants to trade forex manually or automatically via the powerful MT4 platforms. They give you hassle free access to the markets with very competitive trading conditions and tools to assist with your market analysis. There are plenty of quick and easy funding options whilst excellent customer support is provided. Despite the positives, I found the non-FX instruments to be limited and would like to see them add some more educational content. The minimum deposit to trade with zero pip spreads is also quite significant. If you can see past these minor niggles, then you might want to give them a try with a free demo account to see if they meet your expectations.