Search

trustplusfx.net Broker Review

1.37

WikiFX monitor

Business

Influence E

License

No license

  

trustplusfx.net 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of trustplusfx.net indicates a mixed reputation, with numerous red flags raised about its legitimacy and regulatory status. Notably, while some users report positive trading experiences, many others express concerns regarding withdrawal difficulties and a lack of regulatory oversight.

  Note: It's essential to recognize that different entities operate under similar names across regions, which can lead to confusion. This review aims for fairness and accuracy by consolidating information from multiple sources.

  

Rating Box

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trust Level 2
User Experience 4

  We assess brokers based on user feedback, expert opinions, and factual data from various reviews.

  

Broker Overview

  Established in June 2022, trustplusfx.net is a forex broker that claims to provide competitive trading conditions, including low spreads and a wide range of assets. The platform supports trading in forex, cryptocurrencies, and CFDs, but lacks a solid regulatory framework, raising concerns about its legitimacy. The broker reportedly offers a proprietary trading platform but does not support popular platforms like MT4 or MT5, which are favored by many traders.

  

Detailed Section

  Regulatory Regions:Trustplusfx.net operates without valid regulatory oversight, which is a significant concern for potential traders. The absence of a regulatory body means that users have limited recourse in case of disputes or issues with withdrawals.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  The broker's website suggests various deposit and withdrawal options, but specific details on supported currencies are sparse. Many reviews indicate problems with the withdrawal process, leading to frustrations among users.

  Minimum Deposit:

  The minimum deposit requirement is not clearly stated in the available reviews. However, some sources suggest that it may be around $200, which is relatively accessible compared to other brokers.

  Bonuses/Promotions:Trustplusfx.net offers a 100% bonus on deposits, which can be enticing for new traders. However, such bonuses often come with stringent withdrawal conditions that can make it difficult for users to access their funds, a point that has been a recurring theme in user complaints.

  Tradable Asset Classes:

  The broker claims to provide access to a variety of asset classes, including forex pairs, cryptocurrencies, and CFDs. However, the exact number of available instruments is not explicitly detailed, leading to uncertainty about the breadth of trading options.

  Costs (Spreads, Fees, Commissions):

  According to user feedback, the spreads on major currency pairs like EUR/USD start at around 1.1 pips. While this is competitive, the absence of clear information regarding commissions and additional fees is concerning.

  Leverage:

  The broker offers high leverage options, which can be attractive to traders looking to maximize their positions. However, high leverage also increases the risk of significant losses, especially for inexperienced traders.

  Allowed Trading Platforms:Trustplusfx.net does not support widely recognized trading platforms like MT4 or MT5, which can limit traders' ability to utilize advanced trading tools and features.

  Restricted Regions:

  The broker does not specify any restricted regions on its website, but the lack of regulation may imply that it operates in a grey area, which can be risky for users in certain jurisdictions.

  Available Customer Service Languages:

  Customer support appears to be limited, with reports indicating that assistance may only be available in English. This can be a barrier for non-English speaking traders seeking help.

  

Repeated Rating Box

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trust Level 2
User Experience 4

  

Detailed Breakdown

  •   Account Conditions: Users have reported a mixed experience with account conditions. While some appreciate the low spreads, others have faced issues with withdrawal limits and unresponsive customer service.

  •   Tools and Resources: The broker lacks advanced trading tools, which is a drawback for experienced traders who rely on technical analysis and robust charting capabilities.

  •   Customer Service and Support: Feedback indicates that customer service is lacking, with many users experiencing delays and difficulties in getting their issues resolved.

  •   Trading Setup (Experience): The trading experience is reported to be average, with some users noting execution speed as a positive aspect, while others have faced slippage and requotes.

  •   Trust Level: The trust level for trustplusfx.net is low, primarily due to the lack of regulatory oversight and numerous user complaints about withdrawal issues.

  •   User Experience: User experiences vary widely, with some reporting successful trades and prompt withdrawals, while others express frustration over the inability to access their funds.

  •   In conclusion, while trustplusfx.net may offer attractive trading conditions and bonuses, the significant concerns regarding regulatory status, customer service, and withdrawal issues warrant caution. Potential traders should thoroughly research and consider these factors before engaging with the platform.