Traders Trust Review

Overall, Traders Trust is very competitive in terms of its trading fees and spreads. Their spreads are low compared to other regulated brokers, and there are no hidden trading fees. Traders Trust is headquartered in Cyprus

Traders Trust at a glance

Overall Rating

• 3.6/5

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OPEN AN ACCOUNT

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 Review Revealed – A Key 21 Point Quick Overview

1. ✅Traders Trust at a glance
2. ✅Who is Traders Trust?
3. ✅Traders Trust Safe or a Scam
4. Traders Trust Sign-up Bonus
5. Traders Trust Referral Bonus
6. Traders Trust Minimum Deposit
7. Traders Trust Account Types
8. Traders Trust Account Features
9. How to Sign up for a Traders Trust Trading Account – Step by Step
10. Traders Trust Demo Account
11. The Traders Trust Islamic Account
12. Traders Trust Fees and Spreads
13. Traders Trust Deposit fees and Withdrawal methods
14. Traders Trust Trading Platforms
15. Traders Trust vs Rakuten Securities vs Questrade – A Comparison
16. Traders Trust Current Popularity Trends
17. Traders Trust Pros and Cons
18. Traders Trust Customer Reviews
19. Conclusion
20. Disclaimer
21. Frequently Asked Questions

Who is Traders Trust?

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/ECN Broker, the orders 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 Safe or a Scam

One of the best benchmarks to measure the safety of a broker like Traders Trust is to establish which regulating authorities are watchdogs over its actions. Traders Trust is owned by TTCM Traders Capital Limited of Bermuda. Other known members of this group include TradingForex.com.

Traders Trust puts all client funds in a segregated bank account and uses tier-1 banks for this. The broker is regulated by the 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) and the Financial Services Authority (FSA).

Traders Trust Sign-up Bonus

Traders Trust offers various bonuses of up to 200% with sign-up, also called a deposit bonus. New traders who register a real account with a broker may receive a sign-up bonus, a deposit bonus, or a welcome bonus.

A trader can trade with triple the amount when he deposits $1 000 or more with Traders Trust. The bonus can be claimed as many times as a person would like, for up to $10 000 per client, and it can be combined with the Monthly Live Trading Competition.

Brokers usually offer this kind of bonus to new traders to draw more customers and encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit. Even if a trader does not receive any deposit bonus, or any other bonuses or rewards, trading conditions are still attractive enough to encourage traders to register a real account.

Traders Trust Referral Bonus

Traders Trust offers traders the opportunity to earn benefits each time that a trader refers a friend or family member to register a real account. In such a case, the trader, and the person they refer would receive some benefits for every referral. The referral must register a real account using the unique referral link which makes both the trader and the referral eligible to receive a benefit once the referral has met the entire conditions.

Traders Trust Partnership & IB Programs

Traders could earn, every time they trade. Become an introducing broker, an independent agent that will be referring new clients to us, convert your influence into an ongoing income, and earn up to $10 per traded lot.

Traders Trust Minimum Deposit

Traders Trust has a minimum deposit requirement of only $ 50 to open a Classic account. A PRO account can be opened with a $ 2,000 deposit and a VIP account can be opened with $ 20,000 minimum balance. This minimum deposit amount was equivalent to ZAR 850 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

Traders Trust’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.

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.

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.

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.

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.

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 Fees and Spreads

Traders Trust’s spreads on EUR/USD start from 1.5 pips. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with Traders Trust are as follows:

As can be seen from the information on the different account types, the spreads on the Classic Account are average, although not the most competitive in the industry. Spreads on the Pro and VIP Accounts are still competitive, but these accounts can only be accessed with traders paying a very high minimum deposit

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

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 Deposit fees and Withdrawal methods

Compared to other brokers, the minimum deposit amount that Traders Trust requires when traders register a live account is fairly low. Traders Trust offers traders various payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Traders Trust accepts the following payment methods to fund accounts:

Traders Trust does levy additional deposit fees, and third-party charges may be applicable. Processing times for deposits are promised to be fast, usually within 24 hours. USD, ZAR, EUR, JPY, and GBP are accepted as deposit currencies. Traders must ensure that they first verify whether their financial institution charges its own fees.

Traders Trust Trading Platforms

The forex trading platform provided by Traders Trust to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. Traders Trust provides the Meta Trader 4 platform that offers the following:

☑ Fast and one-click execution

☑ Analytical tools and history back-tracking

☑ Free signals and auto-trading tools (expert advisors)

☑ Multiple visual charts

☑ Clear-cut interface

☑ Numerous trading indicators and customizable settings

Traders Trust offers the platform in the downloadable and web version for Windows and Mac devices. For mobile trading, the MT4 is supported on Android and iOS devices.

Traders Trust vs Rakuten Securities vs Questrade - A Comparison

Traders Trust Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “Traders Trust” is entered into Google’s search engine over a given period of time.

Traders Trust Pros and Cons

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

You might also like: Traders Trust Account Types

You might also like: Traders Trust Sign-up Bonus

You might also like: Traders Trust Demo Account

You might also like: Traders Trust Fees and Spreads

You might also like: Traders Trust Minimum Deposit

You might also like: Traders Trust Islamic Account

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

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.

Disclaimer

Traders Trust warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors. Before deciding to trade with Traders Trust, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

Traders Trust warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Traders Trust cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

Is Traders Trust a fake or scam forex broker?

Traders Trust is regulated by FCA, CySEC, BAFIN, CNMV, CONSOB, FI, AFM, FSA and therefore considered a legit broker.

What is the overall rating out of 10 for Traders Trust?

Traders Trust holds an overall score of 7/10.

Which platforms are supported by Traders Trust?

Traders Trust provides the popular MetaTader4 trading platform.

Does Traders Trust manipulate the market?

No, Traders Trust is regulated and does not manipulate the market.

For which type of trader is Traders Trust best suited?

Traders Trust offers a fair-trading environment for most types of traders.