There is plenty of choice for everyone, with quick and easy deposit and withdrawal options available. I personally find that digital wallets are the most convenient way for me to move funds between my trading accounts. I like how they do not charge any funding fees, but be aware that you may incur a third-party provider fee and blockchain fee if using crypto.
Technical Analysis Tools
We appreciate the opportunity to address your concerns and provide further clarification. These activities were flagged as abusive and found to violate our Terms & Conditions, which are in place to maintain a fair and transparent trading environment for all clients. These findings, along with detailed explanations, were communicated to you in previous email correspondences. While we understand your dissatisfaction with the outcome, we believe that the actions taken are in line with maintaining the integrity of our platform.
Additionally, the platform lacks educational materials, potentially affecting the depth of market information available to users. Moreover, the broker lacks a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials. Traders Trust also offers useful functions such as alerts and notifications as well as portfolio and fee reports in order to help access your trade results. These can be crucial as they allow one to receive push notifications when a specific position hits a certain price.
- We also explored the trading assets and products Traders Trust offers for beginner traders and investors who prefer not to engage in active trading.
- If your balance goes negative, the broker will rebalance it back to zero.
- Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want.
- We found that the broker offers a comprehensive suite of trading tools to enhance the trading experience.
Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased.
Non-trading fees
For the Classic account, the client must deposit a minimum of 50 USD or equivalent currency. The minimum for the Pro is 2,000 USD while the VIP account must be credited with a minimum amount of 20,000 USD or equivalent currency. Traders Trust is a regulated Forex Broker, compliant with MiFID II under CySEC regulation. These are not to be confused with ttcmmarkets.com which Traders Trust does give a disclaimer on, on the website, in regards to the fact that the mentioned website is fraudulently using their details under their own domain. So, word of warning, ensure you are going to the correct website, and do not be misguided. The website is rather outdated, suggesting this is a broker that has been operating for some time.
Users are also able to set price alerts and notifications for executed orders, margin calls, or important news events. Traders Trust offers online CFD trading in over 70 instruments from different markets, including forex currency pairs, commodities, indices, and cryptocurrencies. This means that you can speculate on the price of an instrument without needing to physically own the underlying asset. The difference in price from when you open and close the position, is your profit or loss minus any brokerage fees. If you are primarily looking to trade forex and commodities, you should find there to be plenty of choice. However, if you want to trade stocks, then you may wish to browse our best stock brokers for some other options as Traders Trust do not currently support many stock instruments.
- The demo account is free to open and provides traders with virtual funds to trade in a risk-free environment.
- Additionally, the platform provides Demo accounts, allowing traders to practice and familiarize themselves with the platform and market conditions before committing real funds.
- With Traders Trust, there is the opportunity for certain experienced users to upgrade to a pro trading account.
- It is also possible to invest in MAM accounts, giving you the option of transferring the management of your funds to professional traders.
Deposit and withdrawal
You are welcome to continue trading in compliance with our guidelines or withdraw your balance as you see fit. Should you have any further questions, our team remains available to assist you. Simple swipes help switch between the variety of functions and areas of the Traders Trust app and there is the capability of setting price alerts and accessing training videos or forums. Having a news feed means that such features can be executed as soon as big events across the world occur. The caliber and reputation of Traders Trust can be evaluated on the features that it offers its users.
Traders Trust Account Types
On the positive side, the broker offers competitive trading solutions, a low minimum deposit requirement, and access to the well-known MT4 trading platform. Additionally, the company offers competitive trading fees, allowing users to execute trades at favorable terms. All the services on the Tradersunion.com website are free for you to use.
The broker is registered in Bermuda and operates in compliance with the Foreign Account Tax Compliance Act (FATCA). Traders Trust provides direct access to interbank liquidity provides and adheres to the principles of full transparency when working with clients. Traders Trust offers traders the ability to use charting tools with over 60 technical indicators.
The broker also supports payments via cryptocurrencies, which can be especially convenient for traders looking for fast and secure transactions. Traders Trust provides comprehensive customer support available in multiple languages. This ensures that traders traders trust review from different regions can receive assistance in their native language. The support team is available via email, live chat, and phone, making it easy for traders to get help whenever they need it. For those looking to trade equities, Traders Trust offers access to stocks from major global exchanges.
This means you are able to move in or out of a stock without needs to be constantly watching market movements at your desk. When it comes to trading platforms, TradersTrust has chosen the traditional path of relying exclusively on the MetaTrader 4 (MT4) platform, which remains an incredibly popular trading platform in the community. This is largely thanks to the huge marketplace of so-called “Expert Advisors” – or automated trading algorithms – that can be found on the platform.
Traders Trust further claims that all withdrawal requests will be processed within two business days, and that this may be done both on the app and on the website. Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. Therefore, before engaging in trading activities you should carefully consider and understand the differences while trading in different jurisdictions.
I actually prefer to maintain control over my own trading activity as I feel this is the best way to learn from your mistakes and to become a better trader in the long run. If you are specifically looking for a social trading platform, then I would say that eToro is the industry leader in this respect. Traders Trust trading conditions mostly attract traders from the U.S., Africa and EU countries.
If you have experience in trading, the demo account can be a handy addition to your trading tools list and is a good way to test a broker to see if they have suitable trading conditions for your strategies. You can use it to test the effectiveness of trading strategies in a simulated environment without risking your real funds. It offers competitive spreads, starting from 1.2 pips, and requires a minimum deposit of $100. This account type is suitable for those who prefer to trade without the need for excessive leverage or commissions. We found that the broker offers a comprehensive suite of trading tools to enhance the trading experience.
We also appreciate what TradersTrust has done in terms of its customer support, with the live chat function on its website being available in multiple languages. This shows that TradersTrust is taking its commitment to traders around the world seriously. In addition, it is also possible to reach the broker’s support team via a 24-hour phone line for those who prefer that. For traders who are ready to take the step, however, TradersTrust offers a wide selection of assets for trading.