Trust Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://secure.trustmarkets.com/register/, about the company's legal and temporary regulatory information, the company's address Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Trust Markets Forex Broker
Basic information
Saint Lucia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: Trust Markets's official website - https://www.spanustmarkets.com/ is currently inaccessible normally.
Trust Markets Information
Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.
Pros and Cons
| Pros | Cons |
| Wide range of tradable assets | No regulation |
| Demo accounts | WikiFX complaints about withdrawal issues |
| Multiple account types | Restricted in some countries |
| Commission-free accounts offered | |
| MT5 platform | |
| No minimum deposit requirement | |
| Popular payment options | |
| Live chat support |
Is Trust Markets Legit?
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Trust Markets, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
What Can I Trade on Trust Markets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
| Account Type | Spread | Commission |
| Standard | From 1.0 pips | ❌ |
| Fixed | From 1.5 pips | ❌ |
| Raw | From 0.0 pips | $7 per lot |
| VIP | From 0.4 pips | ❌ |
| Crypto | From 0.0 pips | ❌ |
Leverage
Trust Markets offersa leverage level of up to 1:1000 for all account types, which means you can control a larger position of up to 1000 times of your initial deposit.
However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well, especially for abnormal high leverage as 1:1000.
Trading Platform
The broker offers the industry-leading MetaTrader 5 platform, which is popular worldwide for its user-friendly interface, automated trade execution via Expert Advisor, advanced charting and analysis tools, etc.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Android, iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Trust Markets mainly accept payments through Visa, Master Card, Bank Wire Transfer and more.
Rating Index
Crypto
Raw
Trust Markets Similarly Rated Brokers
Latest Reviews
FX4059475470
Vietnam
My account has over $11,000. I placed a withdrawal order for $3,000 but it was not processed. I tried contacting the advisor but couldn't reach them, so I sent a message to the support department on the website. After that, a staff member named Nguyễn Thế Duy called me and said they would help me with the withdrawal. They asked me to buy new stocks to verify my account and allow the withdrawal. At first, I was skeptical, but because I couldn't withdraw for over a month, I still followed their instructions. As soon as I opened the order to buy some stocks, they said my account was empty.
Exposure
2024-10-25
Lieu Nguyen
United States
I have made deposits and traded normally, but since I withdrew all the money last time, they have not resolved and supported my withdrawal. The $9,470 I withdrew from 3-10-2024 until now, which is 10 days, I have not received any support. I kindly request Wiki to review and support me in recovering my money that the exchange has taken.
Exposure
2024-10-13
FX4059475470
Vietnam
My account has over $11,000, I tried to withdraw $3,000 but failed. I contacted the advisors Tuấn Anh and Giang Phạm but couldn't reach them, so I messaged the support department on the website. Then, employee Nguyễn Thế Duy called me and asked me to buy 4 new stocks so that I could withdraw money. At first, I didn't agree because I was afraid my account wouldn't have enough funds. It said that buying a small quantity wouldn't have any impact. Due to the desire to recover the money, I tried with the first stock and found that it didn't affect my account. After that, I continued to buy the recommended stocks one by one, and my account lost everything. Trust Market deliberately deceived me by increasing my margin too high, leaving my account with nothing to avoid paying me.
Exposure
2024-10-27