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
- $20
- MetaTrader5
Our Evaluation of Trubluefx
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
Trubluefx is a broker with higher-than-average risk and the TU Overall Score of 4.3 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trubluefx clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Trubluefx is a new broker for active and passive trading offering unified trading conditions for all traders.
Brief Look at Trubluefx
Trubluefx, founded in 2023, is a Saint Lucia-based STP broker that offers trading CFDs on currency pairs, commodities, cryptocurrencies, and stock indices. Clients can trade independently, invest in PAMM accounts, or copy trades on MetaTrader 5. Additionally, Trubluefx offers partnership programs and algorithmic trading with expert advisors (EAs).
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- Accounts with floating spreads and no commissions per lot;
- Low initial deposit requirements;
- Account currencies are fiat and BTC;
- Wide choice of payment methods, including crypto transactions;
- Availability of PAMM accounts;
- Copy trading and EAs are allowed.
- No regulatory licenses;
- Higher spreads as compared to popular brokers;
- No micro or ECN accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
Trubluefx may be relatively new to the financial markets, but Traders Union has not identified any complaints regarding its services, execution speed, or order manipulation. While the broker does not offer CFDs on stocks, it provides a diverse range of other assets. The initial deposit requirements are reasonable, making Trubluefx accessible to new traders.
The broker offers unified trading conditions for traders of all experience levels and capital sizes, making it easier for clients to assess whether the pricing model and conditions align with their trading strategy.
Trubluefx does not offer cent or ECN accounts. Its website lacks educational resources, analytics, and live chat features, which may be important for some traders
Trubluefx Trading Conditions
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: | MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, Trading, and Managed |
| 💰 Account currency: | USD, EUR, GBP, and BTC |
| 💵 Deposit / Withdrawal: | Bank cards, bank transfers, online payment systems, and cryptocurrencies |
| 🚀 Minimum deposit: | $20 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 2,0-2,5 pips |
| 🔧 Instruments: | Forex and CFDs on indices, commodities, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Limit orders are available; Copy trading and EAs are allowed. |
| 🎁 Contests and bonuses: | No |
To access the over-the-counter (OTC) market through Trubluefx, the Trading or Managed account with a minimum deposit of $20 is required. While a cent account is not available, traders can develop their strategies and skills on a demo account. The broker offers market order execution and floating spreads. Swaps for transferring positions overnight can be both positive and negative.
Trubluefx Key Parameters Evaluation
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Trading Account Opening
To register a user account with Trubluefx, follow the below instructions:
Go to the broker’s official website and click “Open Account”. For a trading account, choose the Live Account option.
Fill in the registration form with your first and last names, date of birth, tax number, phone, and registered address. Create a password to access your user account. At the bottom of the form, confirm you are over 18 years old by checking the box.
Features of Trubluefx’s user account that allow traders to:
Additional features of Trubluefx’s user account allow traders to:
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Make deposits, withdrawals, and internal transfers
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Generate active account statements;
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View transaction history;
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Customize email notifications;
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View currency and securities market news.
Regulation and safety
Trubluefx has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
- Not regulated
- Track record of less than 8 years
Trubluefx Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Trubluefx is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Trubluefx have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Trubluefx with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Trubluefx’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Trubluefx Standard spreads
| Trubluefx | Pepperstone | OANDA | |
| EUR/USD min, pips | 2,0 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,5 | 1,4 | 0,5 |
Does Trubluefx support RAW/ECN accounts?
As we discovered, Trubluefx does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Trubluefx. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Trubluefx Non-Trading Fees
| Trubluefx | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Trubluefx caters to both active and passive trading. Potential clients are advised to develop their trading strategy prior to choosing an account type. All registered traders are offered unified conditions regardless of their experience. The Managed account replicates conditions of the Trading account.
Account types:
The broker provides a demo mode of the Trading account and offers simple working conditions based on the STP model.
Deposit and withdrawal
Trubluefx received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Trubluefx provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bitcoin (BTC) accepted
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are Trubluefx deposit and withdrawal options?
Trubluefx provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.
Trubluefx Deposit and Withdrawal Methods vs Competitors
| Trubluefx | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Trubluefx base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Trubluefx supports the following base account currencies:
What are Trubluefx's minimum deposit and withdrawal amounts?
The minimum deposit on Trubluefx is $20, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Trubluefx’s support team.
Markets and tradable assets
Trubluefx offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 30 Forex pairs.
- Crypto trading
- Indices trading
- No ETFs
- Bonds not available
Trubluefx Supported markets vs top competitors
We have compared the range of assets and markets supported by Trubluefx with its competitors, making it easier for you to find the perfect fit.
| Trubluefx | Plus500 | Pepperstone | |
| Currency pairs | 30 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Trubluefx offers for beginner traders and investors who prefer not to engage in active trading.
| Trubluefx | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | Yes | No | No |
Customer support
Trubluefx’s technical support is available 24/5. English is a communication language by default.
Advantages
- 24/5 availability
Disadvantages
- Few communication channels
- Slow response speed
Available communication channels include:
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Email;
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Feedback form.
Phone or live chat communication is not provided.
Contacts
| Registration address | Ares Global Ltd, 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia |
|---|---|
| Official site | https://trubluefx.com/ |
| Contacts |
Education
While the broker’s website does not provide educational materials, the FAQs section has useful information for novice traders.
Another practice tool is a demo account. It is available for all platform versions and does not require deposits.
Comparison of Trubluefx with other Brokers
| Trubluefx | Bybit | Eightcap | XM Group | FxPro | Kama Capital | |
| Trading platform |
MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MetaTrader5 |
| Min deposit | $20 | No | $100 | $5 | $100 | No |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 2 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 25% / 20% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
Detailed Review of Trubluefx
Trubluefx, a relatively new broker established in 2023, provides access to MetaTrader 5, offering advanced trading and analytical tools, as well as copy and algorithmic trading functionalities. The broker's low minimum deposit requirement makes it accessible for traders of all levels to experience its platform. Client support is available 24/5.
Trubluefx by the numbers:
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The initial deposit is $20;
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4 account currencies;
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24/5 technical support.
Trubluefx is an STP broker providing MetaTrader 5 for trading various CFDs
Trubluefx is a classic STP Forex broker, offering commission-free trading on currency pairs, stock indices, cryptocurrencies, and commodities. High-leverage trading can result in substantial losses, as clearly stated on Trubluefx's website.
Available trading platforms are mobile and desktop versions of MT5. Since the web version is not available, to create a user account, installation of MT5 is required. Supported operating systems include Windows, iOS, Android, and macOS.
Useful services offered by Trubluefx:
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Market news is available in the user account.
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Free demo account.
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Quick reports on deposits/withdrawals and account statements.
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Withdrawals are confirmed without logging in.
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Market trading hours are provided in the user account.
Advantages:
Availability of MetaTrader 5;
Access to leveraged trading;
Newsfeeds with updates on global markets;
Wide choice of payment methods;
Free deposits and withdrawals.
Trubluefx strives to provide a comfortable trading environment, convenient account management, quick payment processing, and high-quality technical support.
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