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TRADERSTRUST

TRADERSTRUST

About company:

 

Traders Trust is a brand of TTCM Traders Trust Capital Markets Ltd. The company was founded in 2009 and is headquartered in Cyprus.

 

The brokerage service provider offers execution of trades according to the STP (Straight Through Processing) model. Orders are brought directly to the market without any intervention from the dealing center. This approach avoids any conflict of interest with clients.

 

Safety

The broker is regulated by the Cyprus Securities Investment Firm (CIF) and the Cyprus Securities and Exchange Commission (CySEC) (license number 107/09). The company operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

 

In addition, the company is regulated in the following countries: UK - FCA, Germany - BaFin, France - Bank of France, Spain - CNMV.

 

The site uses SSL encryption technology. The IP address of each client is marked by the server and checked upon new login. This allows you to exclude the possibility of using personal data of traders by third parties for their own purposes.

 

Terms of trade

minimum deposit - $ 100; a wide variety of financial instruments: more than 40 currency pairs, indices, CFDs, metals (gold and silver) and commodities (oil and gas); average spreads of 2 pips per EUR / USD; leverage from 1: 1 to 1: 500; negative balance protection; a single trading account in euros, pounds and US dollars; maximum lot size 50; no commissions and hidden fees; 99.9% of orders are executed within 40 milliseconds; demo account; MAM accounts - ideal for company managers and traders with a large investor base; hedging, scalping and the use of EA (Expert Advisors) are allowed.

 

Moreover, TradersTrust has partnered with ZuluTrade and FxStat's Tradebook to provide traders with a copy service.

 

Trading terminal

The main trading platform is the popular MetaTrader 4 terminal. This modern and intuitive software is preferred by millions of traders around the world. MT4 supports over 20 languages, as well as various features that facilitate the trading process. Mobile trading is supported using modified versions of MT4.

 

Training

Traders Trust offers an extensive database of educational materials:

 

"Course for Beginners"; tutorial on working with the MetaTrader4 terminal; regular webinars and seminars; ready-made trading strategies and tactics.

 

Partnership

The online broker also provides numerous partnership opportunities:

 

asset manager; introducing broker; affiliate; White Label; regional partner.

 

Customer support

One of the most important points on a broker's listing is definitely customer support. A team of specialists is ready to help any trader 24 hours a day, five days a week. Available communication methods:

 

phone; Fax; Email.

 

Ways of payment

All money transfers are processed through the internal Traders Trust system, where clients must register before any deposit. You can deposit funds using Visa / MasterCard / Diners / Visa Electron / DeltaVisa, bank transfer or electronic payment system Webmoney, Neteller, Skrill, Fasapa, OK Pay, China Union Pay.

 

Bonuses

The company specializes in providing the best trading conditions for its clients, and for the purpose of complete transparency of its work, it does not resort to marketing methods such as bonuses and promotions.

 

Conclusion

Traders-Trust is a Cypriot Forex broker that provides narrow range trading conditions: one STP account and one MT4 trading platform in the industry.

 

Pros:

 

regulated by various structures; MT4 terminal is available; quick withdrawal of funds; high level of leverage.

 

Minuses:

 

no bonuses and promotions; no choice of trading accounts.

 

 

TRADERSTRUST is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.

 

In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.

 

As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.

 

What is the benefit of a broker / crypto exchange?  

 

TRADERSTRUST profits from traders' trades, usually in two main ways

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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.

 

The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.

 

Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.

 

The ways to deceive customers 

 

How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.

 

The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.

 

Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.

 

The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where do brokerage companies and crypto exchanges register?

 

One of the key points – it is the place of registration and regulation of the company's activities.

 

First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.

 

On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

 

If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.

 

No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

 

And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization,   specifies disputes between its members – brokers and their clients.

 

If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to look out for?

 

When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.

 

It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.

 

Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.

 

Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.

 

Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world

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FAQ - company questions

  • 1. Do the trader reviews impact on a rating of TRADERSTRUST ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker or crypto exchnage.

  • 2. How to leave a comment about TRADERSTRUST on the website 4ex.review ?

    In order to leave a review about the company, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the company TRADERSTRUST is decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. TRADERSTRUST received a score of 1 of 5 on our resource.

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