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Trust Markets -

Score

1.40 /10
Danger

Trust Markets

Saint Lucia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.trustmarkets.com

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

TM LLC

Company Abbreviation

Trust Markets

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam

Fraudulent platform appropriating assets

2024-06-25 00:33
Unable to Withdraw

Cannot withdraw money once dividends have been received

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.

2024-03-12 23:41
Unable to Withdraw

Unable to Withdraw Money

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.

2024-10-13 12:57
Unable to Withdraw

Scam exchange

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.

2024-10-25 00:21
Unable to Withdraw

Huanelevato

This exchange cannot withdraw money, please consider it

2024-06-28 07:23
Unable to Withdraw

Cannot withdraw money

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.

2024-02-25 03:28
Others

Organized Fraud

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.

2023-10-05 13:23
Unable to Withdraw

Unable to withdraw money and fraud

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.

2024-10-27 00:48
Unable to Withdraw

I cannot withdraw money from the exchange

Unable to withdraw money despite having a positive balance

2024-09-18 18:58
Unable to Withdraw

I cannot withdraw money. Please kindly assist!

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.

2024-10-08 17:11
Others

The Trust Markets exchange seized 865 million

Trust Markets is a scam. Interfering with my account, sending orders to put my account in a position of gradually burning, then locking my account and requiring me to deposit an amount = 100% of the amount suspended on the floor to remove the scams. But the more you deposit, the more negative your account becomes, then you ask for another deposit, and the cycle goes round and round like that. - in the form of Trust Makets. I was scammed and suspended for the amount of 865 million - I hope admin will consider and help me get the above money back. I would like to thank and rear weights

2024-03-22 11:52
Unable to Withdraw

Trust Market Exchange is a scam!

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.

2024-08-01 16:44
    Trust Markets · 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
    MT5✔Android, iOSExperienced traders
    MT4❌/Beginners
    MT5

    Deposit and Withdrawal

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

    User Reviews

    More

    User comment

    9

    Comments

    Write a review

    FX4059475470
    0-3months
    Tài khoản tôi có hơn 11.000$, tôi thực hiện lệnh rút 3.000$ nhưng không được. Tôi liên hệ với nhân viên tư vấn Tuấn Anh và Giang Phạm thì không liên lạc được nên tôi nhắn bộ phận hỗ trợ trên web sàn thì nhân viên Nguyễn Thế Duy gọi điện yêu cầu tôi mua 4 mã cổ phiếu mới cho tôi rút tiền. Ban đầu tôi không đồng ý vì sợ tài khoản không đủ. Nó báo là mua số lượng rất ít không ảnh hưởng gì. Do tâm lý muốn thu hồi tiền lại nên tôi đã thử với mã cổ phiếu đầu thấy đúng là không ảnh hưởng tài khoản. Sau đó tôi tiếp tục thực hiện mua lần lượt các mã cổ phiếu mà nó khuyến nghị thì tài khoản mất hết. Bọn bên sàn Trust Market cố tình lừa tôi, mở margin của tôi lên quá cao làm tài khoản tôi không còn để không phải trả tiền cho tôi.
    Tài khoản tôi có hơn 11.000$, tôi thực hiện lệnh rút 3.000$ nhưng không được. Tôi liên hệ với nhân viên tư vấn Tuấn Anh và Giang Phạm thì không liên lạc được nên tôi nhắn bộ phận hỗ trợ trên web sàn thì nhân viên Nguyễn Thế Duy gọi điện yêu cầu tôi mua 4 mã cổ phiếu mới cho tôi rút tiền. Ban đầu tôi không đồng ý vì sợ tài khoản không đủ. Nó báo là mua số lượng rất ít không ảnh hưởng gì. Do tâm lý muốn thu hồi tiền lại nên tôi đã thử với mã cổ phiếu đầu thấy đúng là không ảnh hưởng tài khoản. Sau đó tôi tiếp tục thực hiện mua lần lượt các mã cổ phiếu mà nó khuyến nghị thì tài khoản mất hết. Bọn bên sàn Trust Market cố tình lừa tôi, mở margin của tôi lên quá cao làm tài khoản tôi không còn để không phải trả tiền cho tôi.
    Translate to English
    +3
    2024-10-27 00:48
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    FX4059475470
    0-3months
    Tài khoản của tôi có hơn 11000$. Tôi thực hiện lệnh rút 3000$ nhưng không được giải quyết. Tôi liên hệ nhân viên tư vấn không được nên có nhắn tin qua bộ phận hỗ trợ trên web của sàn. Sau đó nhân viên tên Nguyễn Thế Duy gọi điện nói hỗ trợ tôi rút tiền, kêu tôi phải mua mã cổ phiếu mới xác minh tài khoản và cho rút tiền. Ban đầu tôi cũng nghi ngờ nhưng do tâm lý hơn tháng trời không rút được nên vẫn làm theo. Vừa mở lệnh mua mấy mã nó bảo là tài khoản bay sạch.
    Tài khoản của tôi có hơn 11000$. Tôi thực hiện lệnh rút 3000$ nhưng không được giải quyết. Tôi liên hệ nhân viên tư vấn không được nên có nhắn tin qua bộ phận hỗ trợ trên web của sàn. Sau đó nhân viên tên Nguyễn Thế Duy gọi điện nói hỗ trợ tôi rút tiền, kêu tôi phải mua mã cổ phiếu mới xác minh tài khoản và cho rút tiền. Ban đầu tôi cũng nghi ngờ nhưng do tâm lý hơn tháng trời không rút được nên vẫn làm theo. Vừa mở lệnh mua mấy mã nó bảo là tài khoản bay sạch.
    Translate to English
    2024-10-25 00:21
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