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Trade Forex Presents: Traders Trust – A Comprehensive Broker Review
In the fast-paced world of Forex trading, selecting the right broker is crucial to your success. Today, we’ll dive into the details of Traders Trust, a prominent player in the Forex brokerage industry. Buckle up, fellow traders, as we explore every nook and cranny of this brokerage house.
Introduction to Traders Trust
Traders Trust, established in 2009, is a Forex broker with branches registered in both Bermuda and Cyprus. It caters to traders worldwide, except those in the USA, Canada, Australia, New Zealand, and a few other countries with regulatory restrictions. Now, let’s dissect this broker’s offerings.
Regulatory Landscape
When it comes to regulations, Traders Trust operates under two distinct entities:
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Traders Trust CY (Cyprus): Regulated by the Cyprus Securities and Exchange Commission (CySEC), this branch assures a level of security and compliance with EU standards.
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Traders Trust BM (Bermuda): On the flip side, the Bermuda branch operates without government regulation. While it offers greater leverage, it lacks the protective umbrella of regulatory oversight.
Leverage Matters
For traders residing in EU countries, Cyprus is the jurisdiction of choice. Here, Traders Trust adheres to strict EU rules, limiting leverage to a maximum of 1:30. However, for those craving more trading firepower, the Bermuda branch provides an eye-popping 1:3000 leverage. But remember, with great power comes great responsibility, as it’s unregulated.
Trading Instruments
Diversity is key when it comes to trading assets, and Traders Trust knows it well. They offer a wide array of assets, including:
- Over 50 currency pairs.
- Major stock indices.
- Precious metals.
- Energy resources like natural gas and oil.
- Popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH), against various fiat currencies.
Trading Platforms
When it comes to trading platforms, Traders Trust sticks with the tried and true – the MetaTrader 4 (MT4) platform. Known for its reliability and popularity among traders, MT4 ensures a seamless trading experience.
Account Types
Traders Trust caters to a variety of traders by offering three distinct account types:
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Classic Account: This standard account comes with no commissions, average spreads of 1.5 pips, and a modest minimum deposit of $50.
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Pro Account: For more advanced traders, the Pro Account offers narrow spreads starting from 0 pips, with a commission of $3 per lot and a minimum deposit requirement of $2000.
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VIP Account: Reserved for the pros, this account boasts ultra-tight spreads starting from 0 pips and a reduced commission of $1.5 per lot. The catch? You’ll need a hefty minimum balance of $20,000 to access this elite club.
Accessibility and Funding
Traders Trust ensures accessibility for traders with a minimum deposit requirement of just $50. Funding options include bank transfers, credit/debit cards, and a variety of e-wallets like Skrill, Neteller, Perfect Money, FasaPay, WebMoney, and even Bitcoin (BTC).
Extra Perks
As a cherry on top, Traders Trust sweetens the deal with bonuses for account replenishment, exciting contests with real cash prizes, free Virtual Private Servers (VPS), and a loyalty program. Plus, they offer the intriguing option of auto-copying trades from successful traders or becoming a signal provider yourself.
Conclusion
In conclusion, Traders Trust is an STP Forex broker with a global reach, thanks to its branches in Cyprus and Bermuda. While the Cyprus branch offers regulatory protection, the Bermuda branch provides more flexible trading conditions. However, the absence of regulation in Bermuda demands extra caution.
Before making your final decision, we recommend checking out user reviews of Traders Trust and consulting our comprehensive rating of Forex brokers.
General Information:
- Broker Name: Traders Trust
- Year of Foundation: 2009
- Headquarters: Cyprus
- Regulation: CySEC
- Trading Platforms: MT4
- EURUSD Spread: 1.5 pips
- Demo Account: Available
- Minimum Deposit: $50
- Base Currencies: USD, EUR, JPY, GBP
- Maximum Leverage: 1:3000
- Assets: Currency pairs, indices, metals, cryptocurrencies
- Deposit Methods: Bank Transfer, Visa/MasterCard, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, BTC
- Withdrawal Fee: None
- Payment for Inaction: Yes
- Islamic Accounts: Available
- Segregated Accounts: Yes
- PAMM Accounts: Not Offered
- Partner Account: Available
- Scalping: Allowed
- Automatic Trading: Supported
- Mobile Trading: Yes
- Web Terminal: Yes
- Social Trading: Available
- Signals: Not Provided
- VPS: Free
- Deposit Bonuses: Yes
- Contests: Yes
- Customer Support: Available 24/5
So there you have it, an in-depth exploration of Traders Trust, your potential gateway to the world of Forex trading. Remember, the key to success in trading lies not just in the broker you choose, but in your knowledge, strategy, and discipline. Trade wisely, and may the pips be ever in your favor!
