Traders-Trust was launched in 2009 by a financial services provider known as TTCM Traders Trust Capital Markets Ltd. Based in Cyprus, it is licensed and regulated by CySEC, the Cyprus Securities and Exchange Commission. It is also licensed and regulated by the Financial Conduct Authority (FCA) in the UK. Anybody reading this Traders-Trust review who is looking for a reputable broker, will also be pleased to know this brokerage firm operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union. Additional protection of clients investment funds is also provided by its membership of the Investor Compensation Fund.
We should point out that when checking the FCA website for details of Traders-Trust license, we were directed to a page that informed us of a scam broker, working under a name very similar to Traders-Trust, but with no actual affiliation, or registration with any regulatory body. If you’re considering Traders-Trust as a broker, make sure you are in contact with the real one. You can do this by contacting the company and ask for their FRN (Firm Registration Number), and contact details, and then call them back using the switchboard number that appears in the Register.
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What does Traders-Trust offer investors?
Traders-Trust is an STP (Straight through processing) broker offering clients very competitive spreads, leverage of up to 1:500, and no dealing desk to get in the way. And eliminating all conflict of interest between client and broker. Which is an issue many traders fret about if dealing with a market maker type of broker. Expert Advisors are permitted as are other trading strategies, such as scalping and hedging. There are no commissions as the company makes its money via the spread.
With Traders-Trust, traders can participate in Forex trading as well as metals, indices and commodities.
Traders-Trust have chosen to stick with MetaTrader 4
Traders-Trust use MT4 for their trading platform. And it comes as no surprise to us, because we know from doing all our research, that it is still the most popular trading platform for Forex trading.
And this is mainly due to its user-friendly tools, and interface that is easily customisable. MT4 also has a number of really useful charting tools, a long list of indicators, and supports use of Expert Advisors. It runs on most computer with a reliable internet connection and is available for a number of different operating systems. What else does MetaTrader 4 offer?
- One-click execution
- Market Watch Window
- Multiple order types
- Available in more than 20 different languages
- Supported on both Android and iOS devices
Trader-Trust offers live and demo accounts to suit a variety of needs
It’s all real simple when it comes to choosing the right kind of account. There are only 3 options, an STP account, a demo account, and an MAM account. Each of which is tailor made to suit a certain type of client.
STP Account – Run on the MT4 trading platform this account offers STP execution, with 99.9% of orders executed in under 40 ms. Minimum deposit is $100 USD, and the maximum leverage is 1:500. Automated trading, expert advisors, scalping and hedging are all allowed. Minimum trade size is 0.01 lot. Added extras include 24 hour support, a personal account manager, free technical analysis, and entry to a free FX School.
Demo Account – Always a great place to start as it gives new traders the opportunity to gain more of an understanding of the MT4 trading platform as well as how the markets and trading actually works.
MAM Account – This account is aimed at asset managers and professional traders. This is because it provides all that is needed in order to manage and trade several trading accounts at the same time. In a simple and secure way.
Funding an account is also pretty simple, and a number of methods are supported. All the usual methods are accepted, such as Visa, Mastercard, wire transfer, WebMoney, Neteller, and Skrill. But be aware that some of the methods are subject to a fee. Withdrawals can also be made from the same range of providers, but all of them are subject to a fee.
Traders-Trust takes care of those who need more knowledge
Traders-Trust looks after those who are relative newcomers to the world of Forex trading. There is a beginners course covering topics such as different types of orders, winning tactics, frex terms and a glossary of concepts. But more experienced trader are catered for as well. There are also trading tools, MT4 tutorials, trading strategies,webinars and seminars.
We were pleased with the service offered by Traders-Trust, and really couldn’t find anything bad to say about it. The fact it is an STP broker, rather than a money maker, is always going to a good point in our eyes. But it’s really down to what you may be looking for. Give their demo account a try, and you’ll soon get a feel for their service, and be able to decide whether they are the broker for you.