Traders Trust provides three different live account types – the Classic Account, the PRO Account, and the VIP Account. A 100% risk-free Demo Account is also offered.
Traders Trust at a glance
| 🔍 Brokers Name | Traders Trust |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2009 |
| 🏛 Regulating Authorities | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) |
| 🌐 Countries not accepted for trade | accepted for trade Australia, New Zealand, Canada, Iran, Iraq, North Korea, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao People’s Democratic Republic, Uganda, Yemen, Venezuela, and Puerto Rico |
| 🆓 Demo Account | Yes |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 🏙 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:3000 Dynamic Leverage |
| 💰 Minimum Deposit | $50 |
| 💳 Deposit Options | Bank Wire, VISA, MasterCard, Bitcoin, BitWallet, FasaPay, Neteller, Skrill, WebMoney |
| 💳 Withdrawal Options | Bank Wire, VISA, MasterCard, Bitcoin, BitWallet, FasaPay, Neteller, Skrill, WebMoney |
| 📉 Platform Types | MT4 |
| 📲 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📊 Tradable Assets | Over 40 forex currency pairs, CFDs, commodities, indices, gold, silver, oil, bitcoin, and other cryptocurrencies |
| 🌐 Languages supported | English, Dutch, Hungarian, French, Polish, Greek, Italian, Russian, Mandarin, Japanese, and Indonesian. |
| ☎ Customer Service | 24 hours /5 days a week |
Min Deposit
USD 50
Regulators
FCA, CySEC, BaFin, CNMV, CONSOB, FI, AFM, FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
40+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders Trust Account Types Revealed – A Key 11 Point Quick Overview
- ✅Traders Trust at a glance
- ✅Traders Trust Overview
- ✅Traders Trust Account Types
- Traders Trust Account Features
- How to Sign up for a Traders Trust Trading Account – Step by Step
- Traders Trust Demo Account
- The Traders Trust Islamic Account
- Traders Trust Pros and Cons
- Traders Trust Customer Reviews
- Conclusion
- Frequently Asked Questions
Traders Trust Overview
According to research in South Africa, Traders Trust is a forex broker with a head office in Cyprus. Traders Trust Capital Market (TTCM) offers traders the ability to trade forex, metals, indices, and commodities. It was registered in 2009 in Nicosia, Cyprus, and Bermuda.
Traders Trust is a Straight Through Processing’ or Non-Dealing Desk (‘STP/NDD) broker and commits to high-speed executions for its clients. With it being an STP/NDD Broker, the orders as received from clients are automatically executed without any dealing desk intervention, giving clients convenience, time efficiency, and as well as saving them money.
The broker operates under different regulations and is popular in the UK and in Germany, where brokers are not that frequent. Germany is the leading EU country, but Forex trading seems to be not as mainstream as in the UK for example. BaFin criteria are very high, which means that Traders-Trust should be reliable.
Traders Trust Account Types
A forex account at Traders Trust is a trading account that a trader will hold and that will work similarly to a bank account, but with the condition that it is primarily issued with the purpose of trading on currencies. Traders Trust offers a demo account for newcomers who want to acquire some experience and get familiarised with the trading platform as well as a MAM account for multiple account usage, suitable for financial advisors and managers who run and operate other people’s funds.
A low deposit makes the standard or classic account more than affordable and a trader can also optimize trading with a very high leverage of 1:3000 and scalping and hedging are possible. Since it is an STP service, spreads are tight and competitive, and a trader will be automatically linked to the best quotes. The minimum trade volume is 0.01 lots, and traders are free to consult personal account managers, as well as free technical analysis tools.
PRO and VIP versions of the STP account are available, each with its own benefits and requirements regarding minimum deposits or balances.
Traders Trust Account Features
The Classic Account
To open a Classic Account $50/850 ZAR is required as a minimum first deposit. This can be deposited in any of the following account currencies: USD, EUR, JPY, or GBP. On this account type, there is no commission charged per side. A high leverage ratio of up to 1:3000 can be used by traders and the spread starts from a minimum of 1.5 pips. The minimum trade volume allowed is 0.01 lot.
| ▶ Minimum Deposit | $50/850 ZAR |
| ▶ Account Currencies | USD, EUR, JPY,ZAR or GBP |
| ▶ Commission per side | No Commission |
| ▶ Spread min | 1.5 pips |
| ▶ Leverage | Up to 1: 3000 |
| ▶ Min. Trade Volume | 0.01 lot |
The PRO Account
A minimum first deposit of at least $ 2 000 is needed to open a PRO Account and the account can be held in any of the following account currencies: USD, EUR, JPY, or GBP. Commission of$ 3 per lot per side is charged and the spread starts from a minimum of 0 pips. A high leverage ratio of up to 1:3000 can be used by traders and a minimum trading volume of 0.01 lot is allowed.
| ▶ Minimum Deposit | $2,000/34 000 ZAR |
| ▶ Account Currencies | USD/EUR/JPY/ZAR |
| ▶ Commission per side | 3$ / lot |
| ▶ Spread min | 0 pips |
| ▶ Leverage | 1: 3000 |
| ▶ Min. Trade Volume | 0.01 lot |
The VIP Account
A VIP Account can only be opened by a trader that keeps a minimum balance of $ 20 000 in the account. A VIP account can also be held in the following account currencies: USD, EUR, JPY, or GBP. Commission of $ 1.5 per lot per side is charged and spreads start from a minimum of 0 pips. A very high leverage ratio of up to 1:3000 is allowed for traders to use, and they can trade a minimum volume of 0.01 lot.
| ▶ Minimum Deposit | $20,000/ 340 000 ZAR |
| ▶ Account Currencies | USD/EUR/JPY/ZAR |
| ▶ Commission per side | $1.5$ / lot |
| ▶ Spread min | 0 pips |
| ▶ Leverage | 1: 3000 |
| ▶ Min. Trade Volume | 0.01 lot |
MAM Account
How to Sign up for a Traders Trust Trading Account – Step by Step
Step 1 – Visit the official Traders Trust website
Navigate to the Traders Trust website, and click on the “join now” option.
Step 2 – Fill out the Traders Trust account registration form
Fill out your First name, Last name, email address, and mobile number, and click “Register” to proceed.
Step 3 – Login details to the Traders Trust trading account platform
You will also receive your login information by email and proceed through the KYC process.
Traders Trust Demo Account
Traders Trust offers traders the option to first open a demo or practice account which can be utilized in several ways, including the following:
▶ As a practice account for beginner traders who wish to hone their trading skills and first gain experience in a risk-free environment using virtual funds instead of their own.
▶ By traders who want to evaluate and compare different brokers and would like to explore Traders Trust’s trading conditions in a risk-free environment.
▶ By traders who want to test their different trading strategies in an imitated live trading environment without risking their own capital.
The Traders Trust Islamic Account
Traders Trust does offer traders who follow the Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account.
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful. Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
| ☑ Strict Sharia Law |
| ☑ $50 Min Deposit |
| ☑ Overnight Fees Charged |
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Traders Trust Pros and Cons
| ✔️ PROS | ❌ CONS |
| A low minimum deposit of $50 is required | Broker does not offer a wide choice of account types |
| Demo accounts can be opened and used | Broker does not offer VPS to clients |
| Hedging is allowed | Commissions are charged |
| Islamic or swap-free accounts can be opened | Inactivity Fees are charged on idle accounts |
| MT4 is provided as a platform | Withdrawal fees are charged |
| Offers STP account | |
| Regulated by FCA, CySEC, BaFin, CNMV, CONSOB, FI, AFM, FSA | |
| Scalping is allowed | |
| Segregated accounts used for client funds | |
| Very high leverage ratios are allowed |
Traders Trust Customer Reviews
Good Broker
Traders Trust is a good FX broker.. good job ..100% Recommended! – Tony
Traders Trust website
Traders Trust’s website is easily accessible and user-friendly, also any minor issue I had was eventually resolved…. – Gemma
Traders Trust IB Program
I enjoy the opportunities to earn an income through IB programs offered by forex brokers, Check it out! – Chennen
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Min Deposit
USD 50
Regulators
FCA, CySEC, BaFin, CNMV, CONSOB, FI, AFM, FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
40+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, Traders Trust offers traders the ability to trade a large variety of forex, metals, indices, and commodities. Traders Trust is a Straight Through Processing’ or Non-Dealing Desk (‘STP/NDD) broker and prides itself on very high-speed executions, which makes it a popular choice for clients. Traders Trust keeps all client funds in a segregated bank account in tier-1 banks and the broker is regulated by several reputable authorities.
Frequently Asked Questions
Can traders from South Africa open a Traders Trust trading account?
Yes, Traders Trust is accessible to traders in various countries, including South Africa.
Does Traders Trust have ZAR accounts?
No, Traders Trust does not offer accounts in ZAR, deposits or withdrawals can be made in ZAR whereby conversion fees may apply.
Does Traders Trust offer leverage?
Yes, Traders Trust offers maximum leverage of up to 1: 3000.
How many instruments can I trade with Traders Trust?
You can trade several different instruments with Traders Trust, which include the following:
- Currencies
- Cryptocurrencies including Bitcoin, Litecoin, Ethereum
- CFDs: Gold, Silver, Stock Indexes, Oil, Other Commodities
Is Traders Trust a good broker to choose if I am new to trading?
Traders Trust offers a fair-trading environment for beginner and advanced traders.
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