Trust Capital
Pros and Cons
Pros
- Regulated by CMA and FSA
- Wide range of tradable assets including Forex, metals, and commodities
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Minimum deposit as low as $10
- Leverage up to 1:1000 available
Cons
- Regulated by offshore authorities (Seychelles FSA)
- Limited educational resources for traders
- No support for popular trading platforms like MetaTrader 5
- High minimum deposit requirement of $1,000 for some account types
- Withdrawal delays of 3-10 working days
Basic Information
User Reviews
Trust Capital Overview
Trust Capital is an online forex broker founded in 2003, headquartered in Seychelles. It operates under various regulations, including licenses from the CMA and the FSA. The broker also claims to hold a license from CySEC, which has raised some concerns regarding its legitimacy, with some sources classifying it as a suspicious clone. Trust Capital’s regulatory status can be verified through official financial authority websites, enhancing its credibility in the competitive forex trading market.
Is Trust Capital Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Investor Compensation Fund |
| Capital Markets Authority (CMA) | Lebanon | Regulatory oversight |
| Seychelles Financial Services Authority (FSA) | Seychelles | Offshore regulation |
Is Trust Capital Regulated and How Are Client Funds Protected?
Trust Capital operates under multiple regulatory frameworks, including oversight from the Cyprus Securities and Exchange Commission (CySEC), the Capital Markets Authority (CMA) in Lebanon, and the Seychelles Financial Services Authority (FSA). While the CySEC provides certain investor protections through its Investor Compensation Fund, the offshore regulation in Seychelles may not offer the same level of security. Client funds are managed in segregated accounts, which helps ensure that traders’ capital is kept separate from the broker’s operational funds. This safeguarding mechanism is a critical aspect of client fund safety, although it is important to note that the effectiveness of these protections can vary based on the regulatory environment. Overall, Trust Capital appears to be a regulated entity with some safety measures in place, making it a relatively safe choice for traders looking for a licensed broker.
Trading Products and Services
What trading instruments does Trust Capital offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Trust Capital presents a diverse range of trading instruments, catering to various trader types from beginners to seasoned professionals. The broad selection of assets, including Forex pairs, commodities, indices, and stocks, allows traders to develop flexible strategies and enhance portfolio diversification. With products like major Forex pairs and popular commodities, Trust Capital supports the trading needs of both technical traders and long-term investors. This comprehensive market coverage not only meets varying trader preferences but also encourages adaptive trading strategies, providing users with ample opportunities to engage effectively in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Trust Capital Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, access to educational resources | Suitable for those starting their trading journey |
| Professional Account | Experienced traders | Higher leverage options, advanced trading tools | Requires meeting specific trading volume qualifications |
| Corporate Account | Corporate clients | Customizable trading solutions, dedicated account management | Requires corporate documentation for setup |
| Islamic Account | Muslim traders | Swap-free trading conditions | Available upon request to comply with Sharia law |
| Demo Account | All traders | Practice trading without risk, access to virtual funds | Ideal for testing strategies and platform features |
Account Opening Process
To open an account with Trust Capital, you will need to follow several steps. First, you must submit personal information, including your name, email address, and phone number. After that, you will need to provide employment details and financial background to assess your trading experience and risk profile. Identity verification is required, which includes submitting a copy of your ID and a proof of address, such as a utility bill. The process is designed to ensure compliance with regulatory standards. Additionally, Trust Capital offers the flexibility to upgrade your account from a retail to a professional account later on, should your trading needs change.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads |
| CFDs (stocks) | 1.5 | $6 per lot | Varies by stock |
| CFDs (indices) | 1.0 | $6 per lot | Includes major indices |
| CFDs (commodities) | 2.0 | $6 per lot | Includes oil and gold |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Trust Capital has several other fees that traders should be aware of. There may be deposit and withdrawal fees depending on the method used, especially for bank transfers. Additionally, an inactivity fee is charged if an account is dormant for a prolonged period. Platform usage fees are not applicable at this time. Traders should also note that overnight interest (swap rates) may apply on positions held overnight, and currency conversion fees may be incurred for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trust Capital Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, price alerts, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | 2FA, encryption, advanced order types, economic calendar, market depth | Demo account, VPS |
| Web Version | Any device with a web browser | Encryption, symbol lookup, one-click trading, price alerts | None |
| Mobile App | iOS, Android | Biometrics, push notifications, quick order execution, market search | None |
The MT4 platform is well-suited for traders seeking a user-friendly interface, providing robust features like multiple order types and technical indicators. MT5 offers advanced trading tools and is designed for professional traders who require comprehensive market analysis features. The web version provides flexibility for traders who prefer browser access, while the mobile app ensures convenient trading with secure logins and real-time alerts, allowing traders to manage their accounts on the go.
Trust Capital prioritizes security with measures such as two-factor authentication and encryption across its platforms, ensuring a safe trading environment. Fast order execution and efficient market search tools enhance the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer (SEPA) | 2-3 business days | No platform fee, 0.5% third-party fee | Min 100, Max 10,000 | EUR, GBP |
| Credit/Debit Card | Instant | No fees | Min 50, Max 5,000 | USD, EUR, GBP |
| e-Wallet (Skrill, Neteller) | Instant | No platform fee, 1.5% e-wallet charge | Min 20, Max 20,000 | USD, EUR |
| Crypto (Bitcoin, Ethereum) | Instant | No fees | Min 50, Max 10,000 | BTC, ETH |
| GrabPay | Instant | No fees | Min 50, Max 5,000 | USD, MYR |
| SPEI | Same day | No fees | Min 100, Max 15,000 | MXN |
Minimum Deposit
Trust Capital requires a minimum deposit of $50 for standard accounts. This amount may vary based on the payment method used, with higher minimums applicable for certain methods, such as bank transfers, which have a minimum requirement of $100. Additionally, specific account types may have different minimum deposit thresholds.
How to Withdraw
- Log into your Trust Capital account.
- Navigate to the ‘Withdrawal’ section in the dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it is within the limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your request and wait for processing. You will receive a confirmation email once your request is processed.
Customer Support
Trust Capital Customer Support Overview
Support Channels
Trust Capital offers a variety of support channels to ensure customers receive the assistance they need. You can reach out to the support team through:
- Email: Contact them at cs@TrustCapital.com for any inquiries or issues.
- Live Chat: For immediate assistance, customers can use the live chat feature available on their website.
- Telephone: Customers can call Trust Capital at +248 255 97 92 for direct support.
- Social Media: Engage with Trust Capital on platforms like Facebook and Instagram for updates and support.
Service Availability
Trust Capital provides customer support 24/5, ensuring that help is available during the trading week. Moreover, the support team is multilingual, accommodating clients in various languages including English, Arabic, and French, enhancing accessibility for a diverse client base.
Additional Resources
To further assist traders, Trust Capital provides additional resources such as:
- Video Tutorials: Educational videos covering platform navigation and trading strategies.
- Webinars: Regular webinars that delve into market analysis and trading tips.
- Market Analysis: In-depth reports and insights to inform trading decisions.
- Trading Signals: Expert-generated signals to help traders optimize their trades.
Overall, Trust Capital takes pride in delivering comprehensive support and resources, ensuring that customers receive the help they need in a timely manner.
Frequently Asked Questions
Trust Capital is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and the Capital Markets Authority (CMA) in Lebanon. However, it’s important to note that the Seychelles FSA regulation is considered an offshore regulation, which might carry higher risks. Clients are encouraged to review the regulatory framework before trading.
Trust Capital offers competitive trading conditions, including leverage up to 1:1000, minimum deposits starting from $10, and spreads as low as 0 pips. The platform supports popular trading instruments such as Forex, commodities, metals, and indices via the MT4 and MT5 trading platforms.
Trust Capital employs several measures to protect client funds, including segregated accounts to keep client deposits separate from company funds. Additionally, the firm adheres to regulatory requirements that mandate maintaining adequate capital reserves to safeguard client investments.
Trust Capital offers multiple customer support channels, including email, phone, and live chat. Their support team is available to assist clients with inquiries related to trading, account management, and technical issues, ensuring a smooth user experience.
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.