Score
Trust Markets
Saint Lucia|2-5 years| https://www.trustmarkets.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+90 212 271 00 66
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Broker Information
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TM LLC
Trust Markets
Saint Lucia
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | from 0.0 |
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| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | from 0.0 |
| Products | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
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| Commission | $7 per lot |
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| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | from 0.4 |
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| Depositing Method | -- |
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| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | from 1.5 |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
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| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | from 1.0 |
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| Minimum Position | -- |
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| Depositing Method | -- |
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Capital
$(USD)
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Trust Markets · Company Summary
| Company Name | TM LLC (Trust Markets) |
| Headquarters | Istanbul, Turkiye |
| Regulations | No license |
| Market Instruments | Forex, Indices, Stocks, Commodities, Cryptocurrencies |
| Account Types | Standard, Fixed, Raw, VIP, Crypto |
| Leverage | Up to 1:1000 |
| Spread | 1.0 pips (Standard), 1.5 pips (Fixed), 0.0 (Raw), 0.4 (VIP), 0.0 (Crypto) |
| Commission Fee | Raw account: $7 per lot traded |
| Minimum Deposit | No specified minimum deposit amount |
| Deposit/Withdraw Methods | Bank transfer |
| Bonuses | 100% Superstart Bonus, Refer a Friend program |
| Trading Platforms | MetaTrader 5 (MT5) |
| Customer Support | LiveChat, email, phone number, Messenger |
| Educational Resources | Weekly updated market analysis videos |
Overview of Trust Markets
Trust Markets is a brokerage company that offers a diverse range of trading opportunities to clients, headquartered in Turkiye. Trust Markets presents itself as a provider of diverse market instruments and account types, catering to various trading styles and experience levels.
Clients can participate in the forex market, the largest market globally, by speculating on currency pairs and capitalizing on exchange rate fluctuations. Trust Markets also offers access to indices, allowing traders to take positions on the overall performance of specific market sectors or regions. Additionally, clients can trade stocks of well-known companies such as Barclays, Amazon, and Tesla. The company facilitates trading in commodities as CFDs, enabling traders to speculate on the price movements of metals, energies, and softs without owning the underlying assets. Trust Markets also offers cryptocurrency trading, providing clients with the opportunity to engage in this growing market without owning the digital assets. To accommodate different trading preferences, Trust Markets provides several account types.
Trust Markets provides bonuses to enhance the trading experience, including a 100% Superstart Bonus on the first deposit and a refer-a-friend program where clients can earn rewards by referring others. Trust Markets offers the MetaTrader 5 (MT5) trading platform, providing clients with a powerful and versatile tool for their trading activities in a variety of markets.
Is Trust Markets legit or a scam？
Trust Markets operates as an unlicensed brokerage firm, which may pose potential risks to traders due to the absence of oversight and accountability from recognized financial authorities. The lack of regulatory status raises concerns regarding the safety of client funds and the absence of official channels for dispute resolution. While being unregulated does not automatically indicate a scam, it is essential for traders to exercise caution, conduct thorough research, and explore alternative options that offer stronger investor protection and regulatory supervision through recognized and regulated brokerage firms. Opting for regulated alternatives can provide traders with an added layer of security, transparency, and recourse in the event of any issues or concerns.
Pros and Cons
Trust Markets presents a wide range of market instruments, encompassing forex, indices, stocks, commodities, and cryptocurrencies, creating diverse trading opportunities for traders. They offer multiple account types tailored to different trading styles and experience levels. Competitive leverage options and tight spreads are available, potentially optimizing traders' capital utilization. Trust Markets utilizes the advanced and user-friendly MetaTrader 5 (MT5) trading platform, enhancing the trading experience. Moreover, traders can benefit from bonuses like the 100% Superstart Bonus and a refer a friend program, adding further value to their trading journey.
However, one of the main drawbacks of Trust Markets is its unregulated status, which raises concerns regarding the safety of client funds and the absence of official oversight. This lack of regulation may pose potential risks for traders, as there is no recognized financial authority overseeing Trust Markets' operations. Additionally, specific information about the company is not provided, which may raise transparency concerns. The absence of detailed information on deposit and withdrawal methods is also a limitation, as it leaves clients uncertain about available options. Lastly, the limited availability of educational resources and customer support details may impact the overall trader experience.
| Pros | Cons |
| Diverse range of market instruments | Unregulated status |
| Multiple account types | Lack of specific company information |
| Competitive leverage and tight spreads | Limited information on deposit/withdraw methods |
| MT5 trading platform | Limited educational resources |
| Bonuses for enhanced trading experience | Limited customer support details |
Market Instruments
With Trust Markets, clients have the opportunity to engage in a diverse range of trading markets, opening doors to global financial participation. Through forex trading, clients can speculate on currency pairs, buying one currency while simultaneously selling another, benefiting from the vastness of the world's largest market. Trust Markets also grants access to indices, enabling clients to trade influential portfolios consisting of publicly traded companies, empowering them to take positions on the overall performance of specific market sectors or regions.
In addition to forex and indices, Trust Markets offers the opportunity to trade stocks of top companies like Barclays, Amazon, Tesla, and more. With low commissions, clients can engage in buying and selling shares, aiming to capitalize on the performance of these well-known companies. Trust Markets also facilitate trading in commodities, allowing clients to trade metals, energies, and softs as CFDs (Contracts for Difference), providing exposure to these markets without needing to own the physical underlying assets. Lastly, Trust Markets caters to the growing popularity of cryptocurrencies, enabling clients to trade popular digital currencies without taking ownership of the actual coins. By offering access to these diverse markets, Trust Markets provides traders with a comprehensive platform to explore and capitalize on various financial opportunities.
Account Types
Trust Markets offers five different types of trading accounts: Standard, Fixed, Raw, VIP, and Crypto. Each account type caters to different trading styles and levels of experience. Here's a summary of each account type:
Standard Account: The Standard account is suitable for traders of all levels. It offers leverage of 1:1000, spreads starting from 1.0, no commission charges, swap-free trading, and a 100% bonus.
Fixed Account: The Fixed account is also suitable for traders of all levels. It provides leverage of 1:1000, spreads starting from 1.5, no commission fees, swap-free trading, and a 100% bonus. This account type may be preferred by those who appreciate fixed spreads.
Raw Account: The Raw account is designed for experienced traders. It offers leverage of 1:1000, spreads starting from 0.0, a commission of $7 per lot traded, swap-free trading, and a 100% bonus. Traders who prioritize tight spreads and are comfortable with paying a commission per lot may opt for this account type.
VIP Account: The VIP account is suitable for advanced and high-volume traders. It provides leverage of 1:1000, spreads starting from 0.4, no commission charges, swap-free trading, and a 100% bonus. The VIP account is tailored for traders who seek competitive spreads and additional benefits.
Crypto Account: The Crypto account is specifically designed for cryptocurrency trading. It offers leverage of 1:1000, spreads starting from 0.0, no commission fees, swap-free trading, and a 100% bonus. This account type caters to traders interested in trading cryptocurrencies with favorable trading conditions.
It's important for traders to assess their own trading style, experience level, and preferences to choose the most suitable account type from the options provided by Trust Markets.
How to open an account in Trust Markets？
Opening an account with Trust Markets is a straightforward process that involves just a few simple steps. The steps are as follows:
Access the official Trust Markets website and click on the “Open an Account” button.
You will be redirected to a registration page that includes a form. Fill in the required registration details, such as your title, first name, last name, birth date, country, phone number, and email address.
3. Read and accept the Risk Warning, Terms of Business, Privacy Policy, and Cookie Policy.
4. Once you have read and accepted the terms and conditions, you have completed the account opening process, allowing you to proceed with funding it, exploring the trading platform, and engaging in the exciting world of financial markets.
Leverage
Trust Markets offers competitive leverage options to enhance trading opportunities for its clients. Leverage allows traders to amplify their trading positions by providing them with the ability to control larger positions in the market with a smaller initial investment. With leverage ratios of up to 1:1000, Trust Markets empowers traders to potentially maximize their trading capital and gain exposure to larger market movements. However, it's important to note that while leverage can magnify potential profits, it also increases the risk of losses. Therefore, it is crucial for traders to use leverage responsibly and have a solid understanding of risk management strategies.
Spread and Commission Fees
Trust Markets offers competitive minimum spreads and commission fees to provide favorable trading conditions for its clients. The minimum spread refers to the smallest difference between the bid and ask prices for a particular trading instrument. Trust Markets offer tight spreads across its account types, starting from as low as 0.0 pips. These tight spreads can help traders optimize their potential profits by minimizing the cost of trading.
Regarding commission fees, Trust Markets implements a commission structure for certain account types, such as the Raw account, where traders pay a fixed commission per lot traded. This transparent commission model ensures that clients have a clear understanding of the costs associated with their trades. On the other hand, Trust Markets also offers commission-free trading options, such as in the Standard, Fixed, VIP, and Crypto accounts, where clients can enjoy trading without additional commission charges.
Trading Platform
Trust Markets offers the MetaTrader 5 (MT5) trading platform, which is popular and widely used. MT5 provides advanced charting tools, technical indicators, and various timeframes for market analysis. It allows for efficient trade execution, including market orders, limit orders, and stop orders. The platform supports automated trading through Expert Advisors (EAs) and provides risk management tools such as stop-loss and take-profit levels.
MT5 is accessible on both desktop and mobile devices, enabling traders to manage their accounts from anywhere. It offers a wide range of financial instruments for trading, including currencies, commodities, stocks, and indices. Overall, Trust Markets' MT5 platform offers a powerful and user-friendly trading environment for traders at all experience levels.
Deposit & Withdrawal
To deposit funds into your Trust Markets trading account, you can easily do so by accessing the Secure Client Area and clicking on the “Funds” section. From there, select “Deposit Funds” and follow the provided instructions. It's important to note that the name of the sender must match the name used when registering with Trust Markets to ensure compliance with their policies. After completing the deposit, you can check the status of your deposit by visiting the 'Funds' tab in the Secure Client Area.
For withdrawing funds from your Trust Markets account, navigate to the Secure Client Area and select the “Funds” section. Click on “Withdraw Funds” and follow the given instructions to initiate your withdrawal. It's possible to submit a withdrawal request even if you have open positions; however, you must ensure that you have sufficient free margin in your account to cover the withdrawal.
Bonuses
Trust Markets is currently offering an exciting promotion called the 100% Superstart Bonus. With this promotion, new and existing clients have the opportunity to receive a 100% add-on to their first deposit. To participate, all you need to do is register an account, make a deposit using your preferred payment option, and enjoy a tripled deposit amount with the 100% bonus. This bonus effectively triples your margin and provides you with more trading opportunities. It is available for all account types and for both new and existing clients. Plus, Trust Markets also has a Refer a Friend program where you can earn up to $500 by referring your friends.
Customer Support
Trust Markets prioritizes customer support and offers various channels for clients to seek assistance. There are multiple ways to get in touch with their support team. You can contact them through their website's contact form, LiveChat feature, email (support@trustmarkets.com), or by phone (+90 212 271 00 66). Their team is available for traders to address queries and concerns within 24 hours. Trust Markets also maintains a presence on Facebook Messenger for added convenience.
Educational Resources
Trust Markets provides valuable educational resources to empower traders and enhance their understanding of the financial markets. Through their weekly update videos, traders can stay informed and ahead in the Forex market. These videos offer insights, updates on the latest Forex news, and comprehensive reviews, equipping traders with the knowledge needed to make informed trading decisions. By exploring the world of Forex through Trust Markets' educational resources, traders can expand their market analysis skills, develop a deeper understanding of market dynamics, and potentially improve their trading strategies.
Conclusion
In conclusion, Trust Markets is a brokerage company that offers a range of trading opportunities across various markets, including forex, indices, stocks, commodities, and cryptocurrencies. Trust Markets offers a range of account types to cater to different trading styles and experience levels, along with bonuses such as the 100% Superstart Bonus and a refer a friend program. The company utilizes the MetaTrader 5 (MT5) trading platform, which is a widely recognized platform known for its advanced features and user-friendly interface.
However, specific information regarding its regulatory status is not provided. Trust Markets operates as an unlicensed brokerage firm, indicating that it is not regulated by recognized financial authorities. This lack of regulatory oversight raises concerns about the safety of client funds and the absence of official channels for dispute resolution. Due to its unregulated status, traders should carefully evaluate the potential risks associated with Trust Markets and consider alternative regulated brokerage firms that offer greater transparency, investor protection, and regulatory oversight.
FAQs
Q: Is Trust Markets a regulated brokerage firm？
A: No, Trust Markets operates as an unlicensed brokerage firm.
Q: What is the minimum deposit required to open an account with Trust Markets？
A: Trust Markets does not impose a required minimum deposit amount.
Q: What types of trading accounts does Trust Markets offer？
A: Trust Markets provides five types of trading accounts: Standard, Fixed, Raw, VIP, and Crypto.
Q: Which trading platform does Trust Markets offer？
A: Trust Markets offers the MetaTrader 5 (MT5) trading platform.
Q: Does Trust Markets offer any bonuses or promotions？
A: Yes, Trust Markets offers a 100% Superstart Bonus, which provides clients with a 100% add-on to their first deposit, and also a refer-a-friend program where clients can earn up to $500 by referring their friends to the platform.
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