Trustplus247 Company Overview

　　

Founding Date and Background

　　Trustplus247 is an offshore online forex broker that has been operational for approximately 2 to 5 years. The exact founding date remains unspecified, which raises concerns about transparency and credibility. This broker primarily focuses on providing a range of trading services across various financial markets.

　　

Parent Company/Ownership Structure

　　Trustplus247 is registered under the name Trust Plus 247 and operates as an independent entity. However, details regarding its ownership structure or parent company are not readily available, which can be a red flag for potential clients.

　　

Headquarters Location

　　The company claims to be registered in Saint Vincent and the Grenadines, a common jurisdiction for offshore brokers. However, it also lists China as a registered region, which adds to the ambiguity surrounding its operational base.

　　

Global Business Scope

　　Trustplus247 offers trading services to clients from various countries, although specific regions served are not clearly defined. The broker presents itself as a global entity, but the lack of regulatory oversight limits its operational credibility.

　　

Main Regulatory Bodies

　　Trustplus247 is not regulated by any major financial authorities, which poses significant risks to traders. Its regulatory status is classified as "no license" on platforms like WikiFX, indicating a lack of oversight and protection for client funds.

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Company History and Development

　　

Key Milestones

　　While specific milestones in Trustplus247's history are not documented, the broker's establishment in the offshore trading sector appears to have coincided with the growing interest in forex trading among retail investors.

　　

Business Expansion Journey

　　Trustplus247 has attempted to expand its offerings by providing a variety of trading instruments, including forex, commodities, and cryptocurrencies. However, the absence of a functional website at times indicates challenges in maintaining its business operations.

　　

Customer Base Growth

　　The customer base of Trustplus247 is challenging to quantify due to the broker's unregulated status and lack of available data. However, anecdotal evidence suggests that it has attracted a mix of inexperienced and seasoned traders, often leading to negative experiences reported by users.

　　

Platform Development History

　　Trustplus247 does not offer popular trading platforms like MetaTrader 4 or MetaTrader 5, which are standard in the industry. Instead, it utilizes its proprietary trading platform, which may limit the functionality and user experience for traders accustomed to more advanced tools.

　　

Important Awards or Recognitions Received

　　As of now, Trustplus247 has not received any notable awards or recognitions within the financial services industry, further emphasizing its low profile and potentially questionable credibility.

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Trading Services Offered

　　

Forex Trading Options

　　Trustplus247 provides access to a total of 28 currency pairs, allowing traders to engage in forex trading. The leverage offered varies by asset class, with a maximum of 1:200 for currency pairs.

　　

Stock Trading Options

　　There is no mention of stock trading options available through Trustplus247, which limits its appeal to traders looking to diversify their portfolios beyond forex.

　　

CFD Trading Products

　　The broker offers Contracts for Difference (CFDs) on various assets, but specific details regarding these products are not extensively covered in available resources.

　　

Other Financial Instruments

　　In addition to forex, Trustplus247 provides trading access to:

• Commodities: 4 metals and 2 energy products.
• Indices: 10 different indices.
• Cryptocurrencies: 3 types of cryptocurrencies.

　　

Special Services or Unique Advantages

　　While Trustplus247 claims to offer various account types and flexible leverage options, the lack of regulatory oversight and a functional website diminishes the potential advantages of these services.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Trustplus247 is not regulated by any significant financial authority, which raises serious questions about its legitimacy and operational practices. The absence of a regulatory license means that traders have no formal recourse in case of disputes or issues related to fund withdrawals.

　　

Legal Entity Structure by Region

　　The brokers legal entity structure remains unclear, with registrations listed in both Saint Vincent and the Grenadines and China. This lack of clarity can complicate legal proceedings for clients seeking redress.

　　

Client Fund Protection Measures

　　Due to its unregulated status, Trustplus247 does not offer any client fund protection measures typically required by regulated brokers, such as segregated accounts or compensation schemes.

　　

Countries/Regions Served

　　Trustplus247 claims to serve clients globally, but specific details about the countries or regions where it operates are not disclosed. This lack of transparency may deter potential clients from engaging with the broker.

　　

Compliance History

　　Trustplus247 has been flagged by various platforms for operating without a valid license, indicating a concerning compliance history. User experiences reported on platforms like WikiFX suggest potential scams and fraudulent activities associated with the broker.

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Competitive Landscape

　　

3-5 Main Competitors

　　Trustplus247 competes with several established brokers within the forex trading space, including:

• FXCM: Renowned for its robust trading platforms and regulatory oversight.
• RoboForex: Offers a diverse range of trading accounts and educational resources.
• Tickmill: Known for competitive pricing and fast execution.

　　

Positioning in the Industry

　　Trustplus247 occupies a low position in the competitive landscape due to its unregulated status and negative user feedback. The lack of a reputable trading platform and customer support further hampers its positioning.

　　

Market Differentiation Factors

　　The primary differentiation factors for Trustplus247 are its wide range of trading instruments and flexible leverage options. However, these advantages are overshadowed by the significant risks associated with trading through an unregulated broker.

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　　In conclusion, while Trustplus247 offers a variety of trading services and instruments, its lack of regulation and transparency raises significant concerns for potential traders. It is crucial for individuals considering this broker to conduct thorough research and consider regulated alternatives to safeguard their investments. For more information on safer trading options, learn more.