Trust Traders exchange foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://trust-traders-exchange.com/register, about the company's legal and temporary regulatory information, the company's address Le Sanale complex,Ground floor,Vaea street,Saleufi,Apia Samoa..
Trust Traders exchange broker review
Trust Traders Exchange is a forex and CFD trading platform that operates under the umbrella of TTM Traders Trust Ltd, founded in 2015. The company is headquartered in Samoa, with its main office located at Le Sana Le Complex, Ground Floor, Vaea Street, Saleufi, Apia, Samoa. As a privately held entity, Trust Traders Exchange serves a diverse clientele, including retail traders and institutional investors, looking for trading opportunities in various financial markets.
Over the years, Trust Traders Exchange has positioned itself as a prominent player in the trading industry, focusing on providing competitive trading conditions and a wide array of financial products. The broker's development has been marked by the introduction of multiple account types, advanced trading platforms, and an emphasis on customer service. The business model primarily revolves around retail forex trading, offering clients access to leverage and a variety of trading instruments.
As a broker, Trust Traders Exchange aims to facilitate a seamless trading experience, catering to both novice and experienced traders. The platform offers a range of educational resources and trading tools to help clients navigate the complexities of the financial markets. With a commitment to transparency and accessibility, Trust Traders Exchange seeks to build long-term relationships with its clients, fostering trust and reliability in their trading endeavors.
Trust Traders Exchange operates under the regulatory oversight of the Financial Services Authority (FSA) in Seychelles. However, it is crucial to note that the broker has been flagged as a "suspicious clone" by various regulatory bodies, raising concerns about its legitimacy and compliance with industry standards.
The main regulatory details are as follows:
The absence of a valid regulatory license and the designation as a "suspicious clone" by regulatory authorities highlight the potential risks associated with trading through Trust Traders Exchange.
Trust Traders Exchange offers a diverse range of trading products, catering to various market interests. The broker provides access to the following assets:
Forex Pairs: The platform supports numerous currency pairs, allowing traders to engage in both major and minor forex trading. Specific details on the number of pairs available were not disclosed.
CFD Products: Trust Traders Exchange offers Contracts for Difference (CFDs) on various asset classes, including:
Indices: Traders can speculate on major global indices.
Commodities: The platform provides options for trading commodities like gold and oil.
Stocks: Access to stock CFDs is available, allowing traders to engage with shares from renowned companies.
Cryptocurrencies: Trust Traders Exchange includes cryptocurrency trading, providing opportunities to trade popular digital currencies.
The broker frequently updates its product offerings to align with market trends, although specific details regarding the frequency of updates or new additions were not provided. Trust Traders Exchange primarily focuses on retail trading services, aiming to create an inclusive environment for traders at all experience levels.
Trust Traders Exchange offers its clients access to a selection of trading platforms, ensuring flexibility and convenience in executing trades. The platforms available include:
MetaTrader 4 (MT4): This widely recognized platform is favored by many traders for its user-friendly interface and robust features. MT4 supports various trading strategies, including automated trading through Expert Advisors (EAs).
cTrader: An alternative to MT4, cTrader is known for its modern interface and advanced order types. It offers traders additional tools and features for enhanced trading experiences.
Web-Based Trading: The broker provides a web-based trading platform, allowing users to access their accounts and trade directly from any browser without the need for software installation.
Mobile Applications: Trust Traders Exchange supports mobile trading applications for both iOS and Android devices, enabling traders to manage their positions on the go.
The execution model employed by Trust Traders Exchange is primarily STP (Straight Through Processing), which ensures that client orders are routed directly to liquidity providers for execution. This model minimizes conflicts of interest and enhances the transparency of trading operations.
Trust Traders Exchange offers various account types to accommodate different trading preferences and investment levels. The details of the account types are as follows:
Classic Account:
Minimum Deposit: $50
Spread: Starting from 1.5 pips
Commission: No commission per trade
Leverage: Up to 1:3000
Minimum Trade Size: 0.01 lots
Pro Account:
Minimum Deposit: $500
Spread: Starting from 0 pips
Commission: $3 per lot traded
Leverage: Up to 1:3000
Minimum Trade Size: 0.01 lots
VIP Account:
Minimum Deposit: $5,000
Spread: Starting from 0 pips
Commission: $1.5 per lot traded
Leverage: Up to 1:3000
Minimum Trade Size: 0.01 lots
In addition to these standard accounts, Trust Traders Exchange offers Islamic accounts for clients who require compliance with Sharia law, ensuring that no interest is charged or paid.
The broker also provides a demo account option for traders to practice their strategies without risking real capital. Leverage ratios are competitive, allowing traders to amplify their positions, but caution is advised due to the inherent risks associated with high leverage.
Trust Traders Exchange supports various deposit and withdrawal methods to facilitate seamless fund management for its clients. The details are as follows:
Supported Deposit Methods:
Bank Transfer: Available in multiple currencies, including USD, EUR, GBP, and JPY.
Credit/Debit Cards: Visa and Mastercard are accepted for instant deposits.
E-Wallets: Options include Neteller and Skrill, providing instant processing.
Cryptocurrencies: Deposits can be made using Bitcoin and USDT.
Minimum Deposit Requirements:
Classic Account: $50
Pro Account: $500
VIP Account: $5,000
Deposit Processing Time: Most deposit methods process instantly, while bank transfers may take 1 to 3 business days.
Withdrawal Methods: Clients can withdraw funds using the same methods as deposits, including bank transfers and e-wallets.
Withdrawal Processing Time: Withdrawal requests are typically processed within 24 hours, although the time taken for funds to reach clients may vary based on the method used.
Withdrawal Fees: Trust Traders Exchange does not charge withdrawal fees, but clients should check with their payment providers for any potential fees.
Trust Traders Exchange emphasizes a commitment to transparency in fund management, ensuring that clients have access to their funds with minimal restrictions.
Trust Traders Exchange provides robust customer support to assist clients with their inquiries and trading needs. The support options include:
Support Channels:
Email: Clients can reach out via support@trust-traders-exchange.com.
Phone: Available at +44 203 1295899 for immediate assistance.
Live Chat: A chat feature on the website allows for quick inquiries.
Service Hours: Customer support operates 24/5, accommodating traders in various time zones.
Multilingual Support: The support team offers assistance in multiple languages, enhancing accessibility for a diverse client base.
Educational Resources: Trust Traders Exchange provides a range of educational materials, including:
Webinars: Regular online sessions covering various trading topics.
Tutorials: Guides on using the trading platforms and understanding market dynamics.
Market Analysis: Daily updates and insights to help traders make informed decisions.
Trading Tools: The platform includes various tools such as trading calculators, economic calendars, and signal services to support traders in their activities.
Trust Traders Exchange operates globally, catering to clients from various regions. However, there are specific restrictions on the countries from which clients can register. The main details are:
Primary Service Markets: Trust Traders Exchange serves clients worldwide, focusing on regions with robust trading activity.
Regional Offices: The broker primarily operates from its headquarters in Samoa, with no additional regional offices mentioned.
Restricted Countries: Trust Traders Exchange does not accept clients from the following regions:
North America: USA, Canada
South America: Cuba, Venezuela, Puerto Rico
Africa: Guyana, Lao People's Democratic Republic, Uganda, Sudan
Asia: Afghanistan, Syria, Iran, Iraq, North Korea, Japan, Yemen
Australia and New Zealand
These restrictions highlight the broker's compliance with regulatory requirements in various jurisdictions, ensuring that it operates within the legal frameworks applicable to its services.
In conclusion, Trust Traders Exchange broker presents a comprehensive trading platform with a range of services and products. However, potential clients should exercise caution due to the broker's regulatory status and ensure they are fully informed before engaging in trading activities.