TradersTrust
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple trading platforms: MetaTrader 4, web version, and mobile app
- Low minimum deposit requirement of $50
- Customer support available 24/7 through various channels
Cons
- Limited range of non-FX trading instruments
- High spreads on major currency pairs
- Restricted access for clients from certain countries
- Inadequate educational resources for beginners
- Variable commissions based on account type
Basic Information
User Reviews
TradersTrust Overview
TradersTrust, officially known as TTCM Traders Trust Capital Markets Limited, has been operating for approximately 15-20 years and is headquartered in Cyprus. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 107/09, ensuring that it adheres to stringent regulatory standards that promote transparency and investor protection in the financial markets.
Is TradersTrust Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is TradersTrust Regulated and How Are Client Funds Protected?
TradersTrust, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 107/09, operates within a robust regulatory framework that promotes investor protection and transparency. This regulatory status highlights its commitment to maintaining high standards of compliance and accountability. Client funds are safeguarded through the implementation of segregation measures, ensuring that traders’ investments are kept separate from the company’s operational funds. Additionally, TradersTrust participates in the Investor Compensation Scheme, which provides an additional layer of security for clients in the event of insolvency. Overall, these measures reflect TradersTrust’s dedication to creating a safe trading environment for its clients.
Trading Products and Services
What trading instruments does TradersTrust offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
TradersTrust provides a diverse array of trading instruments, catering to various trading preferences and strategies. With offerings that include Forex, commodities, indices, stocks, and cryptocurrencies, the broker supports both novice and experienced traders. The inclusion of multiple asset categories allows traders to diversify their portfolios, which can be essential for managing risk and enhancing overall trading performance. Whether you’re a technical trader focusing on short-term price movements or a long-term investor looking for stability, the range of available products at TradersTrust meets the needs of various trading styles and strategies.
Account Types and Trading Conditions
What Account Types and Fees Does TradersTrust Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Beginners | Low minimum deposit, no commission on trades | Suitable for small-capital practice |
| Pro Account | Experienced Traders | Competitive spreads, commission-based | Requires higher trading volume |
| VIP Account | High-Volume Traders | Low spreads, reduced commission | Minimum deposit of $20,000 required |
| Demo Account | New Traders | Practice trading with virtual funds | No minimum deposit, ideal for skill development |
Account Opening Process
To open an account with TradersTrust, traders must complete several steps, including submitting personal, employment, and financial information. Identity verification is required, which includes providing a valid ID and proof of address. Traders have the flexibility to upgrade to a professional account later, depending on their trading volume and needs.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | Variable | $0 (Classic), $3 (Pro), $1.5 (VIP) | Tight spreads for major pairs |
| CFDs (Stocks) | Variable | Commission varies by account type | Subject to market conditions |
| Cryptocurrencies (BTC/USD) | Variable | Commission applies | Depends on market volatility |
Other Fees
TradersTrust may apply various fees, including deposit and withdrawal fees, which can vary based on the payment method used. There may also be inactivity fees for dormant accounts. Overnight interest, or swap rates, are applicable to positions held overnight, and currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does TradersTrust Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, Android, iOS | Secure login, multiple order types, technical indicators, symbol lookup | Demo account, VPS |
| Web Version | Any device with internet access | Login security, market search, price alerts | None |
| Mobile App | Android, iOS | Push notifications, one-click trading, account management | None |
TradersTrust offers a range of trading platforms catering to different trader needs. MT4 is designed for both manual and automated trading, making it suitable for a variety of users. The web version provides flexibility as it can be accessed from any device with internet connectivity, while the mobile app allows traders to manage their accounts and receive real-time updates on the go. All platforms emphasize secure logins and provide essential tools for effective trading, ensuring that clients can execute trades efficiently and securely.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/day | USD, EUR |
| E-Wallet (e.g. Skrill, Neteller) | Instant | 1.5% fee | Min $50, Max $15,000/day | USD, EUR |
Minimum Deposit
TradersTrust requires a minimum deposit of $50 to open an account. This amount applies uniformly across different payment methods and account types, providing accessibility for traders at various levels.
How to Withdraw
- Log in to your TradersTrust account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Submit your withdrawal request for processing.
Customer Support
TradersTrust Customer Support Overview
Support Channels
TradersTrust offers multiple contact methods for customer support, ensuring that clients can easily reach out for help. The primary support channels include:
- Email: Clients can send their inquiries to support@ttcm.eu for assistance.
- Live Chat: Instant support is available through the live chat feature on their website.
- Telephone: Clients can call the support team for immediate assistance.
- Social Media: TradersTrust maintains a presence on platforms like Facebook, Instagram, Twitter, LinkedIn, and YouTube for additional support and updates.
Service Availability
TradersTrust provides customer support around the clock, ensuring that assistance is available whenever it is needed. The support team is multilingual, catering to a diverse client base, and they primarily communicate in English and other languages based on client needs.
Additional Resources
In addition to direct support, TradersTrust offers various educational resources to enhance the trading experience. These include video tutorials, webinars, and market analysis, which are designed to help traders improve their skills and stay informed about market trends.
Frequently Asked Questions
Yes, TradersTrust is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 107/09, ensuring compliance with regulatory standards that promote transparency and investor protection.
TradersTrust offers a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies, catering to various trading preferences and strategies.
Client funds at TradersTrust are protected through segregation measures, which ensure that traders’ investments are kept separate from the company’s operational funds. Additionally, the broker participates in the Investor Compensation Scheme for added security.
The minimum deposit required to open an account with TradersTrust is $50, making it accessible for traders at various levels.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.