Trust Capital United Arab Emirates Review 2024 - TU expert opinion

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Is the Forex market legit in United Arab Emirates?

The United Arab Emirates is one of the largest financial centers in the Middle East, with top brokerage companies operating in the market. Forex market is regulated by the Central Bank and the Securities and Commodities Authority. Obtaining the SCA license is becoming a mandatory condition for conducting business in the financial sphere.

Traders have access to earning money on the difference of currency prices, trading derivative instruments and commodity contracts (CFDs). Leverage trading is allowed in the jurisdiction. Also, all official brokers in the United Arab Emirates offer an Islamic account.

How to Trade Forex in the UAE

How to start trading in the Forex market in the UAE? Cash transactions inside the country are performed in dirhams, the national currency, but when you fund a brokerage account, a conversion into USD is performed. In order to start trading in the Forex market in the UAE, you need to choose a reliable brokerage company and register on the website. Once you’ve completed the registration, you will need to verify your account by uploading scanned copies of your identification documents. The next steps are funding your account, choosing an instrument and starting to trade.

Detailed Review of Trust Capital in United Arab Emirates

Trust Capital is a good choice for traders from United Arab Emirates. 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:

  • The minimum deposit is $250.

  • Over 200 CFDs are available.

  • The minimum spread is 0.9 pips.

  • Commission on Solo accounts is $0.

  • Referral program payout is up to $300 per partner.

Advantages of Trust Capital for trading in United Arab Emirates

Traders Union analysts conducted a detailed analysis of Trust Capital for traders from United Arab Emirates. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:

1

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.

2

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.

3

The basic technical and fundamental analysis tools offered by the broker significantly simplify the lives of its clients, allowing them to trade more successfully.

4

Traders can see the broker's fee amount before executing a trade, with no hidden charges.

5

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 United Arab Emirates

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Your capital is at risk.
88.57% of retail investor accounts lose money when trading CFDs with this provider.

Traders Union analysts analyzed the key features of Trust Capital for traders from United Arab Emirates. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

3.64

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

6.66

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.86

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.29

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

1.18

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

0.78

/10

Trading conditions for Trust Capital traders from United Arab Emirates

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 United Arab Emirates. 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
📊 Accounts:
Demo, Solo, Together
💰 Account currency:
USD, EUR
💵 Replenishment / Withdrawal:
Visa, Skrill, Neteller, bank transfer, PayPal, Swift, Crypto
🚀 Minimum deposit:
$250 
⚖️ Leverage:
Up to 1:30
💼 PAMM-accounts:
No
📈️ Min Order:
0.01
💱 Spread:
Floating, from 0.9 or 1.8 pips depending on the account
🔧 Instruments:
CFDs on currencies, cryptocurrencies, stocks, indices, commodities, metals, energies
💹 Margin Call / Stop Out:
100% / 50%
🏛 Liquidity provider:
No
📱 Mobile trading:
Yes
➕ Affiliate program:
Yes
📋 Orders execution:
No
⭐ 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

Trust Capital Commissions and Fees

Traders Union analysts analyzed commissions and fees charged by Trust Capital for traders from United Arab Emirates. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.

Information

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.

Expert Review of Trust Capital

The Trust Capital brokerage company has been in existence for quite a long time, is registered in Cyprus and the UAE, and has physical offices there. It is regulated by CySEC 369/18 (The Cyprus Securities and Exchange Commission), and its license number has been confirmed. It always fulfills its obligations to clients, and there are no documented conflicts that have occurred due to the broker's fault. Considering this, TU experts can conclude that the company is reliable for trading in the modern market of brokerage services. All documents are freely available and can be verified. In addition, Trust Capital has responsive customer support that provides all the necessary clarifications.

The broker's trading conditions are assessed as average for the market. The minimum deposit is $250, with over 200 assets from 7 groups, spreads from 0.9 pips, and integration with MetaTrader 4. These are competitive conditions, but not outstanding indicators. Trust Capital clearly surpasses most competitors in individual aspects, but when considering the overall factors, the platform cannot be determined as top tier. There are many brokers with lower spreads and commissions. Additionally, there are platforms with copy trading, MAM and PAMM accounts, and special bonuses, but Trust Capital does not offer these features.

However, for a CFD broker, the conditions are quite acceptable. There are no trading commissions on the Solo account, which is a significant advantage. Clients of the company can create diverse portfolios to mitigate trading risks. A conceptual advantage is its comprehensive education program, which includes articles and newsfeeds. Also, the broker conducts seminars and webinars, and as an additional service, clients can connect with a professional manager or an experienced market participant who will train the trader and provide advice.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

FAQs

Is Trust Capital legal in United Arab Emirates?

Yes. Trust Capital operates legally in United Arab Emirates. The broker holds the necessary licenses.

Can you learn trading with Trust Capital? Does the broker offer courses for traders from United Arab Emirates?

Yes, Trust Capital offers good trading courses and a lot of educational information for clients from United Arab Emirates.

Can Trust Capital be trusted? Has the broker been operating in United Arab Emirates long?

Trust Capital has been operating in United Arab Emirates quite long and has a good reputation. Therefore, traders can work with Trust Capital.

Is Trust Capital suitable for novice traders from United Arab Emirates?

Yes. Trust Capital offers optimal trading conditions and good education for beginners from United Arab Emirates.

How efficient is Trust Capital customer support in United Arab Emirates?

Trust Capital offers a sufficient number of ways to contact customer support in United Arab Emirates, and also provides support in the state language.

Has Trust Capital had any incidents involving theft of funds of clients from United Arab Emirates?

No. Trust Capital provides reliable security of funds of clients from United Arab Emirates.

Will I be able to file a lawsuit in United Arab Emirates if Trust Capital violates my rights?

Yes. If Trust Capital violates your rights, you can file a complaint with the regulator of United Arab Emirates, and then with a court.

Can Trust Capital clients from United Arab Emirates use the broker’s mobile app?

Yes. The mobile app of Trust Capital is available for the clients from United Arab Emirates.

Does Trust Capital provide United Arab Emirates market analysis?

Analysis of United Arab Emirates is featured in the information provided by Trust Capital.

How can I withdraw funds from my account at Trust Capital in United Arab Emirates?

Trust Capital supports bank transfers and debit/credit cards of the banks operating in United Arab Emirates.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

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
Author and editor at Traders Union

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.