Traders Trust Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2011
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2011
Our Evaluation of Traders Trust
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Trust is a moderate-risk broker with the TU Overall Score of 5.54 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Traders Trust clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Traders Trust is a broker for professional traders and investors, who are ready to accept the risks related to the absence of the license.
Brief Look at Traders Trust
Traders Trust is a brokerage company established in 2009. The company provides access to active trading and passive investing. The broker is registered in Bermuda and operates in compliance with the Foreign Account Tax Compliance Act (FATCA). Traders Trust provides direct access to interbank liquidity provides and adheres to the principles of full transparency when working with clients.
- tight spreads on professional ECN accounts;
- a possibility to use all strategies and trading styles;
- access to MQL5 Signals social trading platform and investing in MAM accounts.
- no micro (cent) accounts;
- MT5 is not available for trading;
- no license from reputable regulators;
- the minimum deposit for copying trades of successful traders is $100.
TU Expert Advice
Financial expert and analyst at Traders Union
Traders Trust is a TU partner and performs its obligations under the partnership agreement. The company focuses on providing traders with beneficial conditions for trading currencies, commodities, indices and metals. The broker offers standard accounts with execution based on STP/NDD technology and professional ECN accounts with tight market spreads. Client funds are held in leading financial institutions and banks.
The Traders Trust brokerage company offers traders a demo account to practice trading in real market conditions. The minimum deposit on a live account is $50. The broker’s website features useful tools, such as the economic calendar and trading calculators. Traders Trust clients enjoy several bonus programs, including cash back for active trading.
The website of the company is available in 7 languages. However, operators of the support service communicate only in English, which is sometimes inconvenient for traders from other countries.
- You want high leverage benefits from leverage of up to 1:2000, offering the potential for increased profits.
- You are expecting quick execution, direct market access, tight spreads and access to MQL5 Signals for informed trading decisons.
- You are trading from a select set of countries as Traders Trust is unavailable in specific countries, including Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and the United States of America.
- You have regulatory concerns, as it lacks recognition from prominent regulatory bodies such as the Financial Conduct Authority (FCA) in the UK.
Traders Trust Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 |
|---|---|
| 📊 Accounts: | Demo, Classic, Pro, VIP |
| 💰 Account currency: | EUR, USD, JPY, CHF, GBP |
| 💵 Replenishment / Withdrawal: | Bank transfer, Visa/MasterCard, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, BitWallet, BitCoin |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 0.0 pips (Pro, VIP), from 1.5 pips (Classic) |
| 🔧 Instruments: | Currencies, precious metals, commodities, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 80%/50% |
| 🏛 Liquidity provider: | Not specified on the website and in the terms of use |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | Execution model: STP/NDD/ECN |
| 🎁 Contests and bonuses: | $100 No Deposit Bonus, 100% Deposit Bonus, cash back up to $2,000 |
Traders Trust trading conditions mostly attract traders from the U.S., Africa and EU countries. The broker provides access to the Forex market once a trader has at least $50 on the Classic account. The biggest disadvantage of the Classic account is the high spread, which starts from 1.5 pips (if the market is calm). The minimum deposit on an ECN account with tight spread from 0.0 pips is $2,000, and a commission per lot is charged. The stop-out level is 50% on all account types.
Traders Trust Key Parameters Evaluation
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Trading Account Opening
To start trading with Traders Trust and receive partial compensation for the spread from the Traders Union, you need to take the following steps:
Register for free on the Traders Union website, then follow the referral link to access the broker’s website. On the homepage, click Join Now.
In the registration form, enter your First Name, Last Name, email and phone number. The broker will send a link for account activation to the specified email. Click on the link and you will be directed to your User Account. To open a trading account, you need to fill out your profile by specifying personal and financial information and also upload documents for ID verification.
In Traders Trust user account, users can perform the following actions:
User accounts also provide access to other useful features:
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Accessing the web terminal to trade in the browser of your PC or mobile device;
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Promotions tab with bonus offers and promotions for traders;
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Submitting an application for participation in the partnership program;
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Live chat for quick communication with support service operators.
Regulation and safety
The Traders Trust brokerage company is registered in Bermuda as a limited liability company with the official name of TTCM Traders Capital Limited.
The broker does not hold licenses of international regulators, and operates based on its own regulations. Traders who choose to work with the broker are fully aware of and assume all possible financial risks.
Advantages
- Client funds are held in segregated accounts, separately from company’s funds
- SSL technology is used to protect sensitive client data
- Negative balance protection
Disadvantages
- Traders cannot file claims against the broker with regulatory authorities
- Disputes are settled solely on the basis of the company’s terms of use without the involvement of an independent arbitrator
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Classic | $15 | Yes, on withdrawals via a bank transfer |
| Pro | $1 | Yes, on withdrawals via a bank transfer |
| VIP | $1 | Yes, on withdrawals via a bank transfer |
Swap is charged for position rollover to the next day.
Also, a comparative analysis was performed of the fees charged by Traders Trust and its competitors. The table below shows the results of the analysts, with assigning a specific level to each broker.
| Broker | Average commission | Level |
|---|---|---|
|
$5.66 | |
|
$1 | |
|
$8.5 |
Account types
Traders Trust offers three account types that are primarily suitable for professional traders. They differ in the execution model, minimum deposit, leverage and spread, presence/absence of the commission.
Account types:
You can use a demo account to test broker’s trading conditions, the speed of order execution, and platform’s functionality.
Traders Trust conditions are designed for professional traders, who can deposit $2,000 or more to their account and pay additional fees.
Deposit and Withdrawal
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Withdrawal requests are processed by the company’s financial department during working hours: from 09:00 am until 6:00 pm (GMT+2).
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Traders Trust compensates its clients for all fees of payment systems on deposit/withdrawal of funds to cards and e-wallets. For bank transfers, the fee is USD 25/EUR 20.
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The following deposit/withdrawal methods are available: Visa/MasterCard, bank transfer, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, BitWallet, BitCoin.
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Withdrawal is processed within 1-6 hours regardless of the method. Instant withdrawal is not available.
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Deposit/withdrawal currencies: USD, EUR, GBP, JPY, CHF, CNY, PLN, BTC.
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The minimum withdrawal amount is USD/EUR/GBP 50.
Investment Options
Traders Trust offers several investment solutions that allow clients to earn passive income, i.e. without actively trading. Traders can copy successful traders from the MQL5.community and receive rewards for referring new clients to the broker. Also, traders can invest in a MAM, an account managed by a professional trader.
MQL5.community signals is a popular copy trading method
MQL5 Signals is a social trading platform that allows investors to copy trades of successful traders. You do not need to install special software or thoroughly analyze the market in order to receive signals. An investor registers on the mql5.com website, selects a trader to copy from the rating and subscribes to his/her signals. Copy trading is automatic. An investor pays a percentage of profit to the trader, but only in case of a successful trade.
A subscriber must have at least a $100 balance to be able to subscribe to signals;
Investors set the Stop Loss and Take Profit, which allows them to minimize the risks;
A subscriber can specify the limit on the trading account, when trading signals stop and all positions are closed.
A trader gets up to 50% of an investor's profit.
Any broker’s client can act as an investor or as a signal provider. To be able to broadcast your trading strategy, you need to register on the MQL5.community website as a signal provider and trade at a profit. Your account will be automatically included in the rating of profitable traders and assigned a risk level. Based on the rating, investors can choose a signal provider.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Traders Trust Partnership Program
Partner Loyalty Program: monthly rewards from $250 to $50,000 for trading activity of referrals.
Introducing Broker: $0.5 (VIP), $2 (Pro) or $8 (Classic) reward per each lot opened by the referred client.
White Label: ready-made solutions for Forex business under partner’s brand, but with Traders Trust software.
Partnership programs are aimed at attracting new active clients to the company. Partners receive a financial reward from the broker for referring a new client, which is a part of that client’s trading fee.
Customer support
The broker’s support service is available 24 hours a day, 5 days a week.
Advantages
- Live chat
- Multilingual support
Disadvantages
- Not available on weekends
- Only the number for the office in Bermuda is available
Support service can be contacted the following ways:
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by phone number specified on the website;
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by email;
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live chat on the broker’s website;
The support service is available on the broker’s website and in the user account.
Contacts
| Foundation date | 2011 |
|---|---|
| Registration address | 5th Floor, Andrew’s Place 51 Church Street, Hamilton HM 12 Bermuda |
| Official site | traders-trust.com |
| Contacts |
0044 203 1295899
|
Education
The company’s website features an Education section. The information is provided for traders with various levels of trading experience and is available in 7 languages.
Demo account allows you to consolidate your theoretical knowledge and practice using it.
Comparison of Traders Trust with other Brokers
| Traders Trust | RoboForex | Pocket Option | Exness | IC Markets | FxGlory | |
| Trading platform |
MT4, MobileTrading, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | MT4, MobileTrading, MT5 |
| Min deposit | $50 | $10 | $5 | $10 | $200 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 2 points |
| Level of margin call / stop out |
80% / 50% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 20% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Traders Trust
Traders Trust is a team of experienced professionals providing all-encompassing technical support, quality market analysis, chart and news in real time. The key priorities of the company are top-class service, creation of a competitive trading environment and transparent trading experience. The broker ensures security of client data through the use of advanced encryption technologies.
Here are some figures about Traders Trust for traders who are choosing a broker:
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0.13 seconds – average order execution time;
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70+ — the number of trading instruments;
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2009 — date of establishment of the company.
Traders Trust is a broker for active trading and passive investing
Traders Trust is a company that aims to provide traders with high quality service and good trading conditions. Broker’s clients are free to use any strategy (scalping, hedging), expert advisors, and copy trades of experienced signal providers. The company has two servers, one in London and one in Tokyo. Transactions on classic accounts are routed to the external market using the STP/NDD mechanism, professional accounts – using the ECN model. The average order execution speed is 0.1 seconds. The broker offers traders the option to invest in MAM accounts and earn extra income for bringing new clients to Traders Trust.
The brokerage company provides only one platform for traders, MetaTrader 4. Traders can use desktop and mobile terminals. MT4 WebTrader allows you to trade using any browser and without installing additional equipment.
Traders Trust has the following useful services:
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Economic calendar. It provides latest information on the upcoming events in the world of finance;
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VPS server. This is a secure computer system with a dedicated power supply that allows Expert Advisors to operate 24/7 during trading hours, increasing overall trading efficiency;
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Trading Calculators. The calculators can be used for calculation of the margin, swaps, Profit/Loss levels and also as a currency converter;
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Live spreads. Spreads on currency pairs, cryptocurrencies, indices and commodities updated in real-time mode.
Advantages:
Diversity of bonus and partnership programs with high level of rewards;
Negative balance protection: a client cannot lose more than the invested amount;
Availability of mobile platform and web terminal for trading from any browser.
The broker has no restrictions regarding strategies: EAs, scalping, hedging, and automated trading are allowed.
User Satisfaction