Traders Trust
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| Leverage | 1:500 |
| Minimum Deposit | $50 |
| Regulation | CySEC, VFSC |
| Year Established | 2009 |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Bitcoin |
| Trading Assets | Forex, Indices, Commodities, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ❌ |
| Spreads | Very low |
| Average cost: EUR/USD | 0.5 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| CopyTrading | ❌ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Contact Information | Email: [email protected], Phone: +357 25054000 |
| Address | KPMG Center, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus | Rating | ★★★★☆ 4.4 |
| Website |
Pros and Cons
- High leverage options
- Low minimum deposit
- Variety of payment methods
- Low spreads
- Negative balance protection
- Limited asset classes
- No MT5 platform
- No copy trading
- No ZuluTrade integration
- Withdrawal process can be slow
Introduction
Traders Trust is a well-established online brokerage firm that has been serving traders since 2009.
With its headquarters in Limassol, Cyprus, this broker offers a range of trading services tailored to meet the needs of both novice and experienced traders.
This comprehensive review aims to provide a detailed and professional analysis, covering its regulatory framework, trading platforms, account types, fees, customer support, and more.
Create a Free AccountCompany Overview
Background and History
Founded in 2009, Traders Trust is a global online broker that specializes in offering forex and CFD trading services.
Over the years, it has grown significantly, expanding its reach to serve clients worldwide.
The firm’s mission is to provide a reliable and transparent trading environment, emphasizing the importance of security, customer satisfaction, and technological innovation.
Regulatory Framework
Regulation is a critical aspect of any brokerage firm, as it ensures the safety and security of clients’ funds.
The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC).
These regulatory bodies impose strict guidelines on financial practices, ensuring that the firm adheres to high standards of transparency and integrity.
| Regulatory Body | License Number |
|---|---|
| CySEC | 107/09 |
| VFSC | 40156 |
Being regulated by CySEC means that the broker complies with the European Union’s Markets in Financial Instruments Directive (MiFID II).
This regulation enhances the transparency of trading operations and provides a high level of protection for investors.
The VFSC regulation, while less stringent than CySEC, still ensures that the company operates in a controlled environment.
Trading Platforms
The broker provides access to the widely acclaimed MetaTrader 4 (MT4) trading platform.
Although the firm does not offer MetaTrader 5 (MT5), MT4 remains a popular choice among traders due to its robust features and user-friendly interface.
MetaTrader 4 (MT4)
Features and Tools
MT4 is renowned for its comprehensive set of trading tools and features, which include:
- Advanced Charting Tools: MT4 offers an extensive range of chart types and timeframes, allowing traders to conduct in-depth technical analysis.
- Automated Trading: The platform supports Expert Advisors (EA), enabling traders to automate their trading strategies.
- Technical Indicators: MT4 comes with a wide array of built-in technical indicators and allows users to create custom indicators.
- Real-Time Market Data: Traders have access to real-time market data, ensuring they can make informed trading decisions.
User Experience
MT4’s intuitive interface makes it suitable for traders of all experience levels.
The platform is available for desktop, web, and mobile devices, providing flexibility and convenience.
Users can customize their trading environment to suit their preferences, enhancing their overall trading experience.
Mobile Trading
Mobile trading is essential for traders who need to manage their accounts on the go.
The MT4 mobile app, available for both iOS and Android devices, ensures that traders can access their accounts and trade from anywhere.
The app includes most of the features available on the desktop version, such as advanced charting tools, technical analysis, and automated trading.
Trading Central Integration
Trading Central is integrated into the MT4 platform, providing users with professional market analysis and trading signals.
This feature helps traders make informed decisions by offering insights into market trends and potential trading opportunities.
The integration of Trading Central enhances the overall trading experience by combining advanced analytics with user-friendly tools.
Account Types
Traders Trust offers plenty of account types designed to cater to different trading needs and preferences.
Each account type comes with specific features and benefits.
Standard Account
The Standard Account is ideal for beginners and casual traders.
It requires a minimum deposit of $50 and offers competitive spreads starting from 1.5 pips.
Leverage is available up to 1:500, providing ample opportunities for traders to maximize their potential returns.
Pro Account
The Pro Account is suited for more experienced traders who require lower spreads and faster execution speeds.
The minimum deposit for this account is $2,000, and spreads start from as low as 0.0 pips.
Traders can enjoy leverage up to 1:500, and there is a commission charged per lot traded.
VIP Account
The VIP Account is designed for high-net-worth individuals and institutional clients.
It requires a minimum deposit of $20,000 and offers the lowest spreads, starting from 0.0 pips, along with leverage up to 1:500.
VIP account holders receive personalized support and exclusive access to premium trading tools and resources.
Islamic Account
For clients who adhere to Islamic principles, it offers Islamic accounts that are compliant with Sharia law.
These accounts do not charge swap or rollover fees on overnight positions, ensuring that trading activities are halal.
| Account Type | Minimum Deposit | Spreads From | Commission | Leverage | Swap-Free Option |
|---|---|---|---|---|---|
| Standard | $50 | 1.5 pips | No | 1:500 | Yes |
| Pro | $2,000 | 0.0 pips | $6/lot | 1:500 | Yes |
| VIP | $20,000 | 0.0 pips | $4/lot | 1:500 | Yes |
Fees and Commissions
Spread and Commission Structure
The broker employs a variable spread model, meaning that spreads can fluctuate based on market conditions.
The spreads for the Standard Account start from 1.5 pips, while the Pro and VIP Accounts offer spreads starting from 0.0 pips.
The commission structure varies based on the account type:
- Standard Account: No commission
- Pro Account: $6 per lot traded
- VIP Account: $4 per lot traded
Additional Fees
This broker does not charge deposit or withdrawal fees, which is a significant advantage for traders.
However, there may be fees associated with specific payment methods or third-party charges.
Additionally, it charges an inactivity fee for accounts that have been dormant for over 90 days.
| Fee Type | Amount |
|---|---|
| Deposit Fee | $0 |
| Withdrawal Fee | $0 |
| Inactivity Fee | $10/month |
| Commission (Pro) | $6/lot |
| Commission (VIP) | $4/lot |
Trading Instruments
This broker offers a diverse range of trading instruments, allowing clients to diversify their portfolios and take advantage of various market opportunities.
Forex
Forex trading is a primary focus, with over 70 currency pairs available.
These include major, minor, and exotic pairs, providing ample opportunities for currency traders.
The forex market is known for its high liquidity and volatility, making it an attractive option for traders looking to capitalize on short-term price movements.
Indices
Traders can trade a selection of global indices, including popular options like the S&P 500, NASDAQ 100, and FTSE 100.
Trading indices allows clients to speculate on the overall performance of specific market segments.
Indices trading can be a valuable way to diversify a trading portfolio and hedge against market volatility.
Commodities
The broker offers a range of commodities for trading, including precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
Commodity trading provides diversification and hedging opportunities.
Precious metals are often considered safe-haven assets, while energy products can be influenced by geopolitical events and supply demand dynamics.
Cryptocurrencies
For traders interested in digital assets, it also offers a selection of popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Cryptocurrency trading allows clients to capitalize on the volatility of the crypto market.
The rapid price fluctuations in cryptocurrencies can provide significant trading opportunities, although they also come with higher risk.
Contract for Differences (CFDs)
In addition to the instruments mentioned above, the broker provides access to CFDs on various assets, enabling traders to speculate on price movements without owning the underlying asset.
CFDs offer leverage, allowing traders to control larger positions with a smaller amount of capital.
However, it is essential to manage risk carefully when trading CFDs due to the potential for significant losses.
| Asset Class | Examples | Benefits |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | High liquidity, diverse pairs, volatility |
| Indices | S&P 500, NASDAQ 100, FTSE 100 | Diversification, market performance speculation |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Safe-haven assets, hedging opportunities |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | High volatility, digital asset exposure |
| CFDs | Various assets | Leverage, speculation without ownership |
Account Funding and Withdrawal
Payment Methods
Traders Trust supports a wide array of payment methods to ensure convenient and secure transactions for its clients.
These methods include:
- Bank Transfer: A traditional method that is widely used for large transactions.
- Credit/Debit Cards: Instant funding with popular cards like Visa and MasterCard.
- E-wallets: Options like Skrill and Neteller offer fast and secure transactions.
- Cryptocurrencies: Bitcoin and other cryptocurrencies are accepted for both deposits and withdrawals.
Processing Times
Deposits made via credit/debit cards and e-wallets are usually processed instantly, while bank transfers may take 1-3 business days.
Withdrawals are typically processed within 24 hours, though bank transfers may take longer to reflect in the client’s account.
| Payment Method | Deposit Time | Withdrawal Time |
|---|---|---|
| Bank Transfer | 1-3 business days | 3-5 business days |
| Credit/Debit Cards | Instant | 1-2 business days |
| E-wallets | Instant | 1-2 business days |
| Cryptocurrencies | Instant | 1-2 business days |
Customer Support
Availability and Channels
The broker offers comprehensive customer support to ensure that clients receive timely and effective assistance.
Support is available 24/5 through various channels:
- Email: Clients can reach out to [email protected] for detailed inquiries.
- Phone: Direct support is available via +357 25054000.
- Live Chat: Instant support is provided through the live chat feature on the website.
- Social Media: The company maintains active profiles on platforms like Facebook, Twitter, and LinkedIn for additional support and updates.
Quality of Service
The quality of customer support is generally well-regarded.
The support team is known for its responsiveness and professionalism, helping clients resolve their issues efficiently.
The live chat option, in particular, is popular for its immediacy and convenience.
Multilingual Support
To cater to its diverse client base, the broker offers multilingual support.
This ensures that clients from different regions can communicate effectively with the support team in their native language, enhancing the overall customer experience.
Educational Resources
Education is a key component of its offering, aimed at helping traders improve their skills and knowledge.
Webinars and Seminars
The firm regularly conducts webinars and seminars on various trading topics.
These sessions are hosted by experienced traders and analysts, providing valuable insights into market trends, trading strategies, and risk management techniques.
Trading Guides and Tutorials
The broker offers a comprehensive range of trading guides and tutorials designed to cater to traders of all experience levels.
These resources cover a wide array of topics, from basic trading concepts to advanced technical analysis.
Market Analysis
The firm provides daily market analysis and updates, helping traders stay informed about the latest market developments.
The analysis includes technical and fundamental insights, economic calendar updates, and potential trading opportunities.
Glossary and FAQ
The website features a detailed glossary of trading terms and an extensive FAQ section.
These resources are particularly useful for beginners who need to familiarize themselves with trading terminology and common queries related to trading and account management.
| Educational Resource | Description |
|---|---|
| Webinars and Seminars | Live sessions on trading strategies and market analysis |
| Trading Guides | Detailed tutorials on various trading topics |
| Market Analysis | Daily insights on market trends and opportunities |
| Glossary and FAQ | Comprehensive list of trading terms and common questions |
Security and Safety
Ensuring the security of clients’ funds and personal information is a top priority.
Fund Protection
The company follows strict regulatory requirements to protect clients’ funds.
Client funds are held in segregated accounts, separate from the company’s operational funds.
This segregation ensures that clients’ money is protected in the event of insolvency.
Investor Compensation Fund (ICF)
As a CySEC-regulated entity, the firm is a member of the Investor Compensation Fund (ICF).
This fund provides additional protection to clients by compensating them for losses in the unlikely event that the company becomes insolvent and cannot meet its financial obligations.
Data Security
The broker employs advanced security measures to safeguard clients’ personal and financial data.
These measures include SSL encryption, firewalls, and secure authentication protocols.
The company is committed to maintaining high standards of data protection and privacy.
| Security Measure | Description |
|---|---|
| Segregated Accounts | Client funds are held separately from company funds |
| Investor Compensation Fund (ICF) | Provides compensation to clients in case of insolvency |
| Data Encryption | Uses SSL encryption to protect personal and financial data |
| Secure Authentication | Implements secure protocols for account access |
User Experience
Website and Platform Usability
Their website is designed to be user-friendly and informative.
The layout is intuitive, making it easy for users to navigate and find the information they need.
The account registration process is straightforward, and traders can quickly access their accounts and start trading.
Account Management
Managing an account is hassle-free and clients can easily deposit and withdraw funds, monitor their account balance, and access trading platforms through the user-friendly client portal.
The portal also provides detailed reports on trading activity and account performance.
Mobile Trading
The broker offers mobile trading solutions through the MT4 mobile app.
The app is available for both iOS and Android devices, providing traders with the flexibility to trade on the go.
The mobile app includes all the essential features of the desktop platform, ensuring a seamless trading experience.
Trading Tools and Resources
In addition to the standard features of the MT4 platform, the broker offers a range of proprietary trading tools and resources.
These include:
- Economic Calendar: A comprehensive calendar that provides information on upcoming economic events and their potential impact on the markets.
- Trading Calculators: Tools that help traders calculate margin, pip value, and potential profits or losses.
- VPS Hosting: For traders who require uninterrupted access to their trading accounts, it offers Virtual Private Server (VPS) hosting services.
| User Experience Feature | Description |
|---|---|
| Website Usability | Intuitive and easy-to-navigate layout |
| Account Management | User-friendly client portal for account activities |
| Mobile Trading | MT4 mobile app for iOS and Android |
| Trading Tools | Economic calendar, trading calculators, VPS hosting |
Trading Conditions and Execution
Leverage and Margin
The broker offers leverage up to 1:500, which allows traders to control larger positions with a relatively small amount of capital.
While high leverage can amplify potential profits, it also increases the risk of significant losses.
Therefore, traders must use leverage cautiously and implement effective risk management strategies.
Order Execution
TradersTrust is known for its fast and reliable order execution.
The broker uses advanced technology to ensure that trades are executed quickly and accurately, minimizing slippage and providing competitive pricing.
This is particularly important for high-frequency traders and scalpers who rely on precise execution.
Trade Execution Policy
The platform’s trade execution policy outlines how client orders are processed.
It ensures that all orders are executed at the best available prices, with minimal delays.
The policy also covers aspects such as order types, slippage, and re-quotes, providing transparency and building trust with clients.
Spreads and Swaps
The broker offers competitive spreads across different account types.
Spreads for the Standard Account start from 1.5 pips, while the Pro and VIP Accounts offer spreads starting from 0.0 pips.
Swap rates, which are interest rates charged on positions held overnight, vary depending on the instrument and market conditions.
Trading Hours
The company operates 24 hours a day, five days a week, aligning with the global forex market hours.
Specific trading hours for other instruments like commodities, indices, and cryptocurrencies depend on the market hours of the respective exchanges.
| Trading Condition | Description |
|---|---|
| Leverage | Up to 1:500 |
| Order Execution | Fast and reliable execution with minimal slippage |
| Spreads | Starting from 1.5 pips (Standard Account) and 0.0 pips (Pro and VIP Accounts) |
| Swap Rates | Variable based on instrument and market conditions |
| Trading Hours | 24/5 for forex, variable for other instruments |
Promotions and Bonuses
Welcome Bonus
They occasionally offer a welcome bonus to new clients, which is credited to the trading account after the initial deposit and can be used to enhance trading potential.
Terms and conditions apply, and traders must meet specific trading volume requirements to withdraw the bonus and any associated profits.
Trading Contests
This broker organizes trading contests that allow traders to compete against each other for prizes.
These contests are a great way to test trading skills in a competitive environment and potentially earn rewards.
Loyalty Programs
The broker offers loyalty programs to reward active traders.
These programs typically provide benefits such as reduced spreads, lower commission rates, and exclusive access to premium services.
The more a trader engages with the platform, the greater the rewards they can receive.
| Promotion Type | Description |
|---|---|
| Welcome Bonus | Bonus credited on initial deposit, subject to terms and conditions |
| Trading Contests | Competitions with prizes for top traders |
| Loyalty Programs | Benefits for active traders, including reduced spreads and commissions |
Account Opening Process
Registration
Opening an account is a straightforward process.
Prospective clients need to complete an online registration form, providing basic personal information and choosing their desired account type.
The process is quick and user-friendly, with clear instructions at each step.
Verification
To comply with regulatory requirements, the company requires clients to verify their identity and address.
This involves submitting copies of a government-issued ID (such as a passport or driver’s license) and a recent utility bill or bank statement.
The verification process typically takes a few business days, depending on the responsiveness of the client and the completeness of the documents provided.
Funding the Account
Once the account is verified, clients can proceed to fund their accounts using the available payment methods.
The minimum deposit required varies depending on the account type chosen.
Deposits are processed quickly, allowing traders to start trading without significant delays.
| Account Opening Step | Description |
|---|---|
| Registration | Online form with personal information and account selection |
| Verification | Submission of ID and proof of address for regulatory compliance |
| Funding | Deposits using bank transfer, credit/debit cards, e-wallets, or cryptocurrencies |
Risk Management
Risk Management Tools
Effective risk management is crucial for successful trading.
The broker provides various tools and features to help traders manage their risk, including:
- Stop Loss and Take Profit Orders: These orders allow traders to set predetermined levels at which their positions will be automatically closed, limiting potential losses and securing profits.
- Negative Balance Protection: This feature ensures that traders cannot lose more than their initial investment, providing peace of mind in volatile market conditions.
- Margin Call and Stop Out Levels: The platform implements margin call and stop out levels to protect traders from incurring significant losses. When the account equity falls below a certain threshold, positions are automatically closed to prevent further losses.
Educational Resources on Risk Management
In addition to the tools mentioned above, they offer educational resources focused on risk management.
These resources include articles, webinars, and tutorials that cover topics such as position sizing, leverage, and trading psychology.
By educating traders on effective risk management strategies, it aims to enhance their long-term success.
| Risk Management Tool | Description |
|---|---|
| Stop Loss and Take Profit Orders | Set predetermined levels to automatically close positions |
| Negative Balance Protection | Ensures traders cannot lose more than their initial investment |
| Margin Call and Stop Out Levels | Automatic closure of positions to prevent significant losses |
| Educational Resources | Articles, webinars, and tutorials on risk management strategies |
Industry Recognition and Awards
Awards and Accolades
Traders Trust has received several industry awards and accolades over the years, recognizing its commitment to providing excellent trading services.
These awards highlight its strengths in areas such as customer service, trading conditions, and technological innovation.
Industry Partnerships
The company has established partnerships with reputable financial institutions and technology providers.
These partnerships enhance the overall quality of the services offered, ensuring that clients have access to cutting-edge trading tools and resources.
Community Engagement
In addition to its industry recognition, the broker is actively involved in the trading community.
The firm participates in industry events, sponsors trading competitions, and engages with traders through social media and educational initiatives.
This involvement demonstrates its commitment to fostering a supportive and informed trading community.
| Recognition Aspect | Description |
|---|---|
| Awards and Accolades | Recognition for excellence in customer service, trading conditions, and technology |
| Industry Partnerships | Collaborations with financial institutions and technology providers |
| Community Engagement | Participation in industry events, sponsorships, and social media interactions |
Conclusion
Traders Trust is a reputable and reliable company that offers a comprehensive trading environment for both novice and experienced traders.
With its robust regulatory framework, advanced trading platform, diverse range of trading instruments, and excellent customer support, the broker stands out as a strong contender in the online trading industry.
Summary of Key Points
- Regulation: It regulated by CySEC and VFSC, ensuring a secure trading environment.
- Trading Platforms: The firm offers the widely used MT4 platform, known for its advanced features and user-friendly interface.
- Account Types: It provides a range of account types to suit different trading needs, including Standard, Pro, and VIP accounts.
- Fees and Commissions: The broker offers competitive spreads and a transparent fee structure, with no deposit or withdrawal fees.
- Customer Support: Comprehensive support is available 24/5 through email, phone, live chat, and social media.
- Educational Resources: Plenty of educational tools and resources are available to help traders strengthen their skills.
- Security: The broker ensures the protection of client funds and data through stringent security measures.
In conclusion, Traders Trust offers a well-rounded trading experience with a focus on security, transparency, and customer satisfaction.
Whether you are a beginner or an experienced trader, the broker provides the tools and support necessary to succeed in the financial markets.
Visit official website:www.traders-trust.comFAQ
Is Traders Trust regulated?
Yes, the company is regulated by CySEC and VFSC.
What is the minimum deposit?
The minimum deposit required to start trading is $50.
Which trading platforms are available?
Traders Trust offers the MT4 trading platform. MT5 is not available.
What payment methods are accepted?
This broker accepts Bank Transfer, Credit/Debit Cards, Skrill, Neteller, and Bitcoin.
Does it offer negative balance protection?
Yes, TradersTrust provides negative balance protection to its clients.
Are there any fees for deposits and withdrawals?
No, it does not charge fees for deposits or withdrawals.
Does Traders Trust support Islamic accounts?
Yes, the company offers Islamic accounts that comply with Sharia law.
Resources
User Reviews
Article written, edited and reviewed by
Adam Rosen
Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.
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Last updated: September 5, 2024
