Broker Traders Trust has been operating in the financial services market since 2009, serving clients in English, Spanish, Italian, French and other languages. New trading instruments are regularly added to the service, low spreads are provided and promotions and discounts are offered.
However, the majority of Russian-speaking clients are sure that these are scammers who are brazenly engaged in deceiving naive users. Can I entrust my deposit to a broker?
Official website of the broker Traders Trust
Traders Trust has several domains at its disposal, but only traders-trust.eu is listed in the registers of regulators; the broker has also warned more than once that fraudsters can act using its legal data. The main sites of the service have been operating since 2009.
The interface is made as simple as possible – the client immediately gets access to all basic information. In the description of services, there is no “water” and excessive praise of the company’s achievements. Spreads for popular currency pairs are updated in real time. The broker talks about its advantages rather succinctly:
tight spreads – their size starts from 0 pips and is up to 0.8 pips for popular trading assets;
the award-winning MT4 trading platform and wide range of instruments is a controversial point as Traders Trust only offers around 70 assets;
instant execution of transactions at market prices;
loyal trading conditions – the minimum deposit is only $ 50.
Review of trading accounts and withdrawal of funds
It was not by chance that it was mentioned above that the Traders Trust broker has several domain addresses. The fact is that the site, which was created for European traders, offers leverage set by regulators up to 1:30, while another domain speaks of leverage up to 1: 3000. This constitutes a high level of risk, so the user needs to carefully study the dealer’s terms and conditions, because this may be a potential divorce.
There are only three accounts to choose from; a demo account is additionally available. The size of the first deposit varies from $ 50 to $ 20,000, the commission for the transaction is equal to $ 3 / lot ($ 1.5 / lot on a VIP account). Holders of a classic account for $ 50 are provided with a spread of 1.5 pips, in other aspects the conditions are similar. Deposit and withdrawal of funds is carried out through bank cards, money transfer or payment systems.
Can you trust Traders Trust? Documents and licenses
The service was officially registered in Bermuda in 2009. Registration in the offshore zone, at the same time, did not prevent the company from obtaining licenses from the regulators FCA and CySEC, which provide the right to offer services to traders in several jurisdictions. This factor indicates the broker’s competence, but numerous negative reviews suggest that this is a scam.
It is important to note that the Russian-language version was previously available on the site; users assume that the broker turned it off due to a wave of negativity from traders from Russia and the CIS countries. At the same time, the company promises investors the safety of funds and argues for this by membership in the ICF and compliance with the MiFiD directives.
User reviews and review summary
For more than 10 years of work, the financial intermediary Traders Trust has received a lot of reviews, and its clients differ in opinions. While there are no factors that clearly indicate dealer fraud, traders say the company is “guilty” of slippage and widening spreads.
When choosing a broker, it is important to base your decision not only on reviews, but also on facts. The user also needs to carefully study the client agreement to avoid misunderstandings and loss of funds.
