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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

Trust Markets

Saint Lucia|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.trustmarkets.com/

Website

Rating Index

Contact

+90 212 271 00 66
support@trustmarkets.com
https://www.trustmarkets.com/
Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
Saint Lucia
Operating period
2-5 years
Company Name
TM LLC
Abbreviation
Trust Markets
Company employee
--
Customer Service Email Address
support@trustmarkets.com
Contact number
00902122710066
Company address
Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

FX4059475470

Vietnam

My account has over $11,000, I tried to withdraw $3,000 but failed. I contacted the advisors Tuấn Anh and Giang Phạm but couldn't reach them, so I messaged the support department on the website. Then, employee Nguyễn Thế Duy called me and asked me to buy 4 new stocks so that I could withdraw money. At first, I didn't agree because I was afraid my account wouldn't have enough funds. It said that buying a small quantity wouldn't have any impact. Due to the desire to recover the money, I tried with the first stock and found that it didn't affect my account. After that, I continued to buy the recommended stocks one by one, and my account lost everything. Trust Market deliberately deceived me by increasing my margin too high, leaving my account with nothing to avoid paying me.

Exposure

10-27

FX4059475470

Vietnam

My account has over $11,000. I placed a withdrawal order for $3,000 but it was not processed. I tried contacting the advisor but couldn't reach them, so I sent a message to the support department on the website. After that, a staff member named Nguyễn Thế Duy called me and said they would help me with the withdrawal. They asked me to buy new stocks to verify my account and allow the withdrawal. At first, I was skeptical, but because I couldn't withdraw for over a month, I still followed their instructions. As soon as I opened the order to buy some stocks, they said my account was empty.

Exposure

10-25

Lieu Nguyen

United States

I have made deposits and traded normally, but since I withdrew all the money last time, they have not resolved and supported my withdrawal. The $9,470 I withdrew from 3-10-2024 until now, which is 10 days, I have not received any support. I kindly request Wiki to review and support me in recovering my money that the exchange has taken.

Exposure

10-13

Lieu Nguyen

Vietnam

I am Nguyễn Thị Liễu using id 9016979 at TrustMarkets exchange. Currently, I have deposited $10,000 into the exchange and there is still $9,470.34 in my trading account. I no longer want to trade and have requested a withdrawal since 03/10/2024. However, until today, 08/10/2024, the exchange has not approved it.

Exposure

10-08

nguyễn bích ngọc

Vietnam

Unable to withdraw money despite having a positive balance

Exposure

09-18

FX1145738633

Vietnam

I joined the exchange on 18/6 with a capital of 1k. When I joined, there was a promise of automatic deposit and withdrawal with a dedicated expert support team. However, after I started real trading, the dedicated expert support team was often unreachable. Either the signals were more losing than winning, so I lost trust in the support. I decided to withdraw my capital, but even after placing multiple withdrawal orders, I haven't been able to withdraw for a week. When I reported this to customer service, someone said they would transfer to the relevant department, the technical department, or the expert team, and after a while, someone called back and said they would support me on the condition of buying 2 lots of sugar. But I was hesitant and didn't proceed; luckily, at that time, I couldn't make the transaction. Otherwise, I would have lost even more capital. And now my account is still suspended, and I can't withdraw. Is there anyone who can help me? My MT5 ID is 9016303.

Exposure

08-01

FX2306528549

Vietnam

This exchange cannot withdraw money, please consider it

Exposure

06-28

công lý

Vietnam

Fraudulent platform appropriating assets

Exposure

06-25

Hùng9444

Vietnam

Please help me get my capital back! I once deposited more than $10,000 into the exchange! I placed a withdrawal order of $15,000 from March 5th, please help me get my money back.

Exposure

03-12

Hùng9444

Vietnam

I have been participating in trustmarkets.com for 5 months, and my account is profitable. I placed a withdrawal order more than 20 days ago. I called the hotline 1900234580 and said it had been notified to the relevant party! Error orders or problems are not reported! Hope everyone can help, thanks.

Exposure

02-25

công lý

Vietnam

After depositing on the homepage, a person claiming to be an expert will read the order. NDT only allows trading under the command of the self claiming trader and puts all funds into the trap of locking in losses. After losing a certain distance, rebalance the new purchase order and repeat it until the negative account begins to load more This is a larger number, and the initial capital inflow must be equal to 100% of the loss amount, which will repeat until he commits suicide due to borrowing.

Exposure

2023-10-05

阿强

Hong Kong

A friend introduced this new broker to me. It seems to meet my needs in all aspects, high leverage, no overnight interest, no minimum deposit requirement, and small spreads. Although I don't have a demo account, I can open a small account first to try out the trading environment.

Neutral

2022-12-13

12
Account Information
Website
Company Summary
Review

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Official website

Website

  • trustmarketspro.com

    Server Location

    United States

    Website Domain Name

    trustmarketspro.com

    Server IP

    104.21.87.236

  • trustmarkets.com

Company Summary

Note: Trust Markets's official website - https://www.trustmarkets.com/ is currently inaccessible normally.

Trust Markets Review Summary
Founded2014
Registered Country/RegionSt. Lucia
RegulationNo regulation
Market Instruments39+ forex, 12+ indices, 134+ stocks, 12+ commodities, 25+ cryptocurrencies
Demo Account
EUR/USD SpreadFrom 1.0 pips (Standard account)
LeverageUp to 1:1000
Trading PlatformMT5
Min Deposit0
Customer SupportLive chat, contact form
Tel: +90 212 271 00 66
Email: support@trustmarkets.com
Restricted CountriesNorth Korea, United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey

Trust Markets Information

Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.

Trust Markets' homepage

Pros and Cons

Pros Cons
Wide range of tradable assetsNo regulation
Demo accountsWikiFX complaints about withdrawal issues
Multiple account typesRestricted in some countries
Commission-free accounts offered
MT5 platform
No minimum deposit requirement
Popular payment options
Live chat support

Is Trust Markets Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Trust Markets, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on Trust Markets?

Tradable Instruments Supported
Forex
Indices
Stocks
Commodities
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Trust Markets?

Account Type/Fees

Account TypeSpreadCommission
StandardFrom 1.0 pips
FixedFrom 1.5 pips
RawFrom 0.0 pips$7 per lot
VIPFrom 0.4 pips
CryptoFrom 0.0 pips
Account comparison

Leverage

Trust Markets offersa leverage level of up to 1:1000 for all account types, which means you can control a larger position of up to 1000 times of your initial deposit.

However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well, especially for abnormal high leverage as 1:1000.

Trading Platform

The broker offers the industry-leading MetaTrader 5 platform, which is popular worldwide for its user-friendly interface, automated trade execution via Expert Advisor, advanced charting and analysis tools, etc.

Trading PlatformSupported Available Devices Suitable for
MT5Android, iOSExperienced traders
MT4/Beginners
MT5

Deposit and Withdrawal

Trust Markets mainly accept payments through Visa, Master Card, Bank Wire Transfer and more.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

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