Traders Trust
Introduction
Traders Trust is a forex broker that has been in operation since 2009. The firm is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. While the firm has its merits, there are also some areas where it falls short. This review will provide a balanced look at the services offered by Traders Trust.
Trading Platforms
MetaTrader 4
Traders Trust provides its clients with the MetaTrader 4 platform, which is widely recognized for its advanced charting tools, automated trading capabilities, and customizable interface. While this platform is highly respected in the industry, it may not be suitable for beginners due to its complex features.
WebTrader
In addition to MetaTrader 4, Traders Trust also offers a WebTrader platform. This platform is more user-friendly and can be accessed directly from a web browser without the need for any downloads or installations. However, it lacks some of the advanced features found in MetaTrader 4.
Account Types
Traders Trust offers three types of accounts: Classic, Pro, and VIP. The Classic account requires a minimum deposit of $50, while the Pro account requires a minimum deposit of $500. The VIP account, on the other hand, requires a hefty minimum deposit of $10,000. While the range of account types is commendable, the high minimum deposit for the VIP account may be off-putting for some traders.
Customer Service
Customer service is an area where Traders Trust shines. The broker offers 24/5 customer support via live chat, email, and phone. The support team is responsive and knowledgeable, providing quick and helpful answers to queries. However, the lack of 24/7 support may be a disadvantage for traders who operate in different time zones.
Regulation and Security
Traders Trust is regulated by CySEC, which is a reputable regulatory body. This means that the broker must adhere to strict regulatory standards to ensure the safety and security of its clients’ funds. However, it’s worth noting that Traders Trust is not regulated in any major financial centers outside of Cyprus.
Conclusion
In conclusion, Traders Trust is a mixed bag. The broker offers a wide range of trading instruments, a user-friendly web platform, and excellent customer service. However, it also has its drawbacks, such as the complex MetaTrader 4 platform, the high minimum deposit for the VIP account, and the lack of regulation outside of Cyprus. Therefore, traders should carefully consider these factors before deciding whether Traders Trust is the right broker for them.
I had a terrible experience with Traders Trust. Their customer service was unresponsive and unhelpful, and their platform was constantly glitchy, causing me to miss out on potential trading opportunities. I would not recommend using this broker to anyone.
failed to meet my expectations and did not provide adequate support or guidance in my trading activities.
I had a terrible experience with Traders Trust. Their platform was slow and unreliable, and I constantly experienced delays in executing trades. Their customer service was unhelpful and unresponsive, leaving me feeling frustrated and unsupported. I would not recommend using this broker to anyone looking for a reliable and efficient trading platform.