Trust Capital Australia Review 2024 - TU expert opinion
Is the Forex market legit in Australia?
Forex trading is legal in Australia. The number of users earning their additional income from trading currency assets is increasing every year. The Australian Securities and Investments Commission (ASIC) regulates financial organizations. The commission supervises the operation of financial markets and financial services organizations.
Under the law of the country, the income earned from investment activity must be declared and taxed. Brokers with the ASIC license can provide access to any Forex assets. Clients can also use leverage for trading.
How to Trade Forex in Australia
First you need to choose a local or international broker with the ASIC license and register a personal account on the website of the brokerage company. Next, you need to pass verification in order to have access to all available services. Once you’ve completed verification, you can deposit funds to your trading account and start trading. People without trading experience are advised to first test their skills and trading strategy using a demo account to avoid risking their own money.
Our Evaluation of Trust Capital
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
Trust Capital is a broker with higher-than-average risk and the TU Overall Score of 4.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trust Capital 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.
Trust Capital's CFD trading conditions are generally average. It grants access to hundreds of assets from seven groups, providing a variety of available strategies and portfolio diversification. As trading is conducted through the MT4 platform, traders can customize their workspace. The entry barrier is relatively low, with a free demo available, and a minimum deposit of $250 on a real account. The commission policy is moderately transparent, with no additional markups. The partnership program is beneficial. Unfortunately, there are no options for passive earnings. However, Trust Capital offers an excellent training program for traders of different levels.
Detailed Review of Trust Capital in Australia
Trust Capital is a good choice for traders from Australia. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
The Trust Capital broker is well-known in the global market. It offers over 200 assets, all of which are contracts for difference (CFDs). Since the spread is floating and corresponds to the market average, collaborating with the company is economically beneficial. Especially considering that there is no trading commission on Solo accounts, and the withdrawal fees are generally low, with PayPal being free. Trust Capital uses the MetaTrader 4 trading platform, which attracts more users. After all, MT4 is the most versatile platform due to its extensive customization options. It also includes a mobile version which frees you from a desk. Little is known about the company's technological stack, but the high execution speed and platform stability indicate that Trust Capital employs innovative solutions that meet modern standards.
Trust Capital by the numbers:
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The minimum deposit is $250.
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Over 200 CFDs are available.
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The minimum spread is 0.9 pips.
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Commission on Solo accounts is $0.
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Referral program payout is up to $300 per partner.
Advantages of Trust Capital for trading in Australia
Traders Union analysts conducted a detailed analysis of Trust Capital for traders from Australia. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
The broker is loyal to new clients, offering a demo account and a low minimum deposit of only $250 for a Solo account. All assets from the platform's pool are immediately accessible.
Since traders work through the MT4 trading platform, they can trade with maximum convenience on a computer, tablet, or smartphone; plus there are hundreds of plugins available for MT4.
The basic technical and fundamental analysis tools offered by the broker significantly simplify the lives of its clients, allowing them to trade more successfully.
Traders can see the broker's fee amount before executing a trade, with no hidden charges.
The affiliate program allows anyone interested to earn additional income for referring clients, with a maximum referral payout of $300.
Analysis of the Main Features of Trust Capital in Australia
Traders Union analysts analyzed the key features of Trust Capital for traders from Australia. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Trust Capital traders from Australia
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Trust Capital trading conditions for traders from Australia. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
MT4
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📊 Accounts: |
Demo, Solo, Together
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💰 Account currency: |
USD, EUR
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💵 Replenishment / Withdrawal: |
Visa, Skrill, Neteller, bank transfer, PayPal, Swift, Crypto
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🚀 Minimum deposit: |
$250
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⚖️ Leverage: |
Up to 1:30
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💼 PAMM-accounts: |
No
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📈️ Min Order: |
0.01
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💱 Spread: |
Floating, from 0.9 or 1.8 pips depending on the account
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🔧 Instruments: |
CFDs on currencies, cryptocurrencies, stocks, indices, commodities, metals, energies
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💹 Margin Call / Stop Out: |
100% / 50%
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🏛 Liquidity provider: |
No
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
No
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⭐ Trading features: |
Demo account, two real accounts, all assets are CFDs;
Over 200 trading instruments from 7 groups; Average market spread, no trading commissions on Solo accounts; Small withdrawal fees, multiple deposit/withdrawal options; Clients trade through the MT4 trading platform; No copy trading or PAMM. |
🎁 Contests and bonuses: |
Yes. There are bonuses in the form of rebates from Traders Union
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Trust Capital Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Trust Capital for traders from Australia. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
Brokers follow a similar policy when it comes to trading and non-trading fees. Most commonly, they charge traders using spreads and commissions. Spreads can be fixed or floating, and sometimes there is no commission. The conditions usually depend on the account type, and Trust Capital offers exactly that. For the Solo account, the spread starts from 0.9 pips, and there is no commission. For the Together account, the spread is from 1.8 pips, plus a commission. It is important to understand that the broker indicates the minimum spread size and the actual value is often higher since the spread is influenced by various factors, including the market conditions of the selected asset. This is why the real trading fees offered by the broker can only be known during the trading process. Transparency is a conceptual advantage here because Trust Capital is a regulated broker, and as such, it does not impose additional fees or hidden charges. Therefore, traders always know in advance how much a specific trade or transaction will cost them.
Account type | Spread (minimum value) | Withdrawal commission |
Solo | From 9$, floating, and no commission | Yes, in most cases |
Together | From 1.8$ pips, floating, and with commission | Yes, in most cases |
Some brokers do not charge a withdrawal fee. However, in such cases, they compensate for their transaction service costs through other means (e.g., higher spreads). Trust Capital expressly states that there is a withdrawal fee, and it depends on the withdrawal channel. For example, for Visa cards, the fee is 0.50 euros per transfer. For Skrill, the fee is 1%, and if a trader uses PayPal, there are no additional charges. However, it is important to note that third parties in the withdrawal process such as Skrill, may impose their own fees. It is necessary to clarify this aspect in advance to avoid confusion. The table below presents data on the average trading fees at Trust Capital and those of its closest competitors. A simple comparison will help to better understand the benefits of working with this broker.
FAQs
Is Trust Capital legal in Australia?
Yes. Trust Capital operates legally in Australia. The broker holds the necessary licenses.
Can you learn trading with Trust Capital? Does the broker offer courses for traders from Australia?
Yes, Trust Capital offers good trading courses and a lot of educational information for clients from Australia.
Can Trust Capital be trusted? Has the broker been operating in Australia long?
Trust Capital has been operating in Australia quite long and has a good reputation. Therefore, traders can work with Trust Capital.
Is Trust Capital suitable for novice traders from Australia?
Yes. Trust Capital offers optimal trading conditions and good education for beginners from Australia.
How efficient is Trust Capital customer support in Australia?
Trust Capital offers a sufficient number of ways to contact customer support in Australia, and also provides support in the state language.
Has Trust Capital had any incidents involving theft of funds of clients from Australia?
No. Trust Capital provides reliable security of funds of clients from Australia.
Will I be able to file a lawsuit in Australia if Trust Capital violates my rights?
Yes. If Trust Capital violates your rights, you can file a complaint with the regulator of Australia, and then with a court.
Can Trust Capital clients from Australia use the broker’s mobile app?
Yes. The mobile app of Trust Capital is available for the clients from Australia.
Does Trust Capital provide Australia market analysis?
Analysis of Australia is featured in the information provided by Trust Capital.
How can I withdraw funds from my account at Trust Capital in Australia?
Trust Capital supports bank transfers and debit/credit cards of the banks operating in Australia.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.