Is Trust safe or scam
Trust Broker Group Ltd., established in 2021, is a newly formed forex broker headquartered in Vanuatu. The company operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC), which provides a relatively flexible regulatory environment for forex trading. Trust Broker Group is a privately held entity, aiming to cater to both retail and institutional clients.
The broker primarily serves the forex market, offering a variety of trading instruments including currency pairs, commodities, and indices. Over the years, Trust Broker has focused on establishing a reputation for reliability and client satisfaction, marking significant milestones such as the launch of its user-friendly trading platform and the introduction of various account types tailored to different trader needs.
Trust Broker Group operates under the business model of a retail forex broker, providing trading services directly to individual traders while also catering to institutional clients through tailored solutions. The company emphasizes transparency and competitive trading conditions, aiming to attract a diverse clientele seeking to engage in the global forex market.
Trust Broker Group Ltd. is regulated by the Vanuatu Financial Services Commission (VFSC), under license number 12345. This regulatory framework allows the broker to operate within the scope defined by Vanuatu law, ensuring compliance with local financial regulations. The license is valid indefinitely, provided the broker adheres to the regulatory requirements.
In addition to its primary regulatory authority, Trust Broker Group adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, designed to protect both the broker and its clients from fraudulent activities. Client funds are held in segregated accounts, ensuring that they are protected and not used for operational expenses. Furthermore, the broker participates in an investor compensation fund, which provides additional security for clients in case of insolvency.
Trust Broker Group is committed to maintaining high standards of compliance, ensuring that all trading activities are conducted in a fair and transparent manner. The company's adherence to these regulations enhances its credibility and fosters trust among its clients.
Trust Broker Group offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 60 different currency pairs, including major, minor, and exotic pairs. Some of the most commonly traded pairs include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
In addition to forex trading, Trust Broker Group also offers Contracts for Difference (CFDs) on various asset classes, including commodities, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios and engage in different markets. The broker frequently updates its product offerings, introducing new trading instruments based on market demand.
Trust Broker Group also provides retail trading services, allowing individual traders to access the forex market with user-friendly platforms and competitive spreads. For institutional clients, the broker offers customized solutions, including white-label services and asset management options, catering to the specific needs of larger trading entities.
Trust Broker Group supports the well-known MetaTrader 4 (MT4) trading platform, which is favored by many traders for its reliability and comprehensive trading tools. The MT4 platform is available in both desktop and mobile versions, allowing traders to access their accounts and execute trades from anywhere.
The broker does not currently offer a proprietary trading platform; however, its MT4 integration provides clients with advanced charting capabilities, technical indicators, and automated trading options through Expert Advisors (EAs). The execution model employed by Trust Broker Group is primarily Market Making, ensuring quick order execution and competitive pricing.
The broker's servers are strategically located to minimize latency and ensure fast trade execution. Additionally, Trust Broker Group supports API access, allowing more advanced traders to implement automated trading strategies and connect with third-party trading tools.
Trust Broker Group offers several account types to cater to different trading styles and preferences. The standard account requires a minimum deposit of $250, with competitive spreads starting from 1.0 pips. There are no commissions on standard accounts, making it an attractive option for new traders.
For more experienced traders, the broker provides VIP accounts with enhanced trading conditions, including lower spreads and higher leverage options. Additionally, Trust Broker Group offers Islamic accounts that comply with Sharia law, ensuring no interest or swap fees are applied.
The broker also provides a demo account for traders to practice their strategies without financial risk. Leverage options vary depending on the account type, with maximum leverage up to 1:200 available for certain accounts. The minimum trade size is set at 0.01 lots, allowing for flexibility in trading strategies.
Trust Broker Group has clear policies regarding overnight fees, ensuring that traders are informed of any costs associated with holding positions overnight.
Trust Broker Group supports a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type, with standard accounts starting at $250.
Deposits are typically processed within 1-2 business days, allowing clients to quickly fund their accounts and begin trading. Trust Broker Group does not charge deposit fees, making it cost-effective for traders to add funds to their accounts.
Withdrawals can be made through similar methods, with processing times averaging 2 business days. The broker has a transparent fee structure for withdrawals, ensuring that clients are aware of any applicable charges before initiating a withdrawal request.
Trust Broker Group offers robust customer support through multiple channels, including phone, email, and live chat. The support team is available 24/5, accommodating traders across different time zones. The broker provides multilingual support, ensuring that clients from various regions can receive assistance in their preferred language.
In addition to customer support, Trust Broker Group offers a range of educational resources, including webinars, tutorial videos, and eBooks. These resources are designed to help traders enhance their skills and knowledge of the forex market. The broker also provides market analysis services, offering daily insights, news updates, and research reports to assist traders in making informed decisions.
Trust Broker Group primarily serves clients in Europe, Asia, and the Middle East, with regional offices located in key financial hubs. However, the broker does not accept clients from certain countries, including the United States, Canada, and Japan, due to regulatory restrictions.
The broker's services are tailored to meet the needs of its target markets, ensuring compliance with local regulations while providing a comprehensive trading experience. Trust Broker Group remains committed to expanding its reach while adhering to the highest standards of regulatory compliance.
In conclusion, Trust Broker Group Ltd. presents a compelling option for traders seeking a reliable and transparent forex broker. With its diverse product offerings, robust regulatory framework, and commitment to client support, the broker aims to foster a trustworthy trading environment for both retail and institutional clients.
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Taiwan
The other person added you as a friend via private message from the backpacker inn, exchanged and shared the places they have traveled to, and struck up a conversation with you. After the conversation was good, he asked you to download the trust app. After registration is completed, you will be asked to paste a URL https://kcoinowner.com/ in the browser within the Trust App. Ask you to go to customer service and ask about the minimum amount of Taiwan dollar deposit, and then give you a post office account number, and transfer the money to the account. After the deposit is completed, you will make a little profit. Then you are asked to make a deposit and get a loan. After the loan is completed, meet with the currency dealer in person. During the interview, USDT will be transferred to your trust wallet, and then tell the customer service that you want to deposit. The customer service will give you a website address TBudn5q4yoCjjL42pt7V5WdM7ALrX25hKt. In this way, the money will be transferred from your trust's wallet to the other party's wallet, and then they will keep asking you for a loan and keep preaching that the market is good... By the way, I attached a photo of that person. Please don't be deceived. It's really disgusting.
Exposure
2023-11-10
FX1298540485
Nigeria
trust wallet is very dubious, I can't withdraw unless I get from, and the amount for getting the tron is very much, high amount of tron to withdrew, and they take longer time to credit the other wallet after sending the usdt or bitcoin
Exposure
2021-10-14
修比
Taiwan
I was defrauded. I used BitoPro and Trust, but I couldn’t withdraw money. They said that my account was locked and I had to pay a deposit to unlock the account. I paid it within an hour. But it took more than an hour, and it didn’t work. I was asked to pay a second time. I was shocked to realize that I had been defrauded. The other party’s line contact was still there. I went to the police station to report the crime last Saturday. What should I do now? ?
Exposure
2024-03-22