Trustbanc
Abstract：Trustbanc is a financial institution that offers a wide range of integrated investment solutions and services. Focusing on Sub-Saharan Africa, especially in Nigeria, Trustbanc currently does not hold any major licenses, which raises concerns about the safety and reliability of trading with this broker. As an unregulated broker, traders should exercise caution and carefully consider the potential risks involved. Trustbanc comprises several subsidiaries, each specializing in different areas of the financial industry. Trustbanc Capital specializes in professional financial services, guiding clients to utilize their wealth for long-term productive purposes effectively. Trustbanc Microfinance Bank offers swift and convenient loans at a competitive 3% interest rate, customized to meet individual requirements. In the foreign exchange market, Primelink BDC, a subsidiary of Trustbanc, provides flexible exchange rates within 24 hours, facilitating convenient currency conversions for clients eng
| TrustBanc Financial Group Review Summary | |
| Registered Country/Region | Nigeria |
| Regulation | Unregulated |
| Market Instruments | Quick Loans, Fixed Deposits, Enterprise Loans, Savings, Corporate Banking |
| Demo Account | Unavailable |
| Trading Platform | Prime by TrustBanc app, Web-Based Banking |
| Min Deposit | 0 for most accounts |
| Customer Support | Phone: 07004446147 |
| Email: support@trustbancgroup.com | |
| 24/7 Online Chat: × | |
| Physical Address: 163, Sinari Daranijo Street, Off Ligali Ayorinde, Victoria Island, Lagos, Nigeria | |
TrustBanc Financial Group Information
Founded in Lagos, Nigeria, TrustBanc Financial Group provides a range of financial services catered for both people and companies. Though it's not regulated, its products include fixed deposits, rapid loans, business loans, savings accounts, and corporate banking options. Through its Prime by TrustBanc app, consumers may access $0 account initial deposits.
Pros and Cons
| Pros | Cons |
| 0 minimum deposit for accounts | Unregulated |
| Competitive interest rates (up to 10% on savings and 20% on investments) | No demo account or trading-related leverage offerings |
| Many financial services |
Is TrustBanc Financial Group Legit?
TrustBanc Financial Group is unregulated.
What Services Does TrustBanc Financial Group Provide?
TrustBanc Financial Group offers many financial products and services for individuals and businesses. These include loans, savings, fixed deposits, corporate banking, and investment services.
| Service | Supported |
| Quick Loans | ✔ |
| Fixed Deposits | ✔ |
| Enterprise Loans | ✔ |
| Savings Accounts | ✔ |
| Corporate Banking | ✔ |
- Quick Loans: offers at a 3% monthly flat interest rate quick and easy borrowing services. To cover immediate financial need, options include public sector loans, salary advance loans, and staff credit schemes.
- Fixed Deposits: Provides good investment choices with appealing interest rates so that both people and companies may automatically save money and get reasonable returns.
- Enterprise Loans: Provides loans for micro and small business owners. Monthly interest is levied at 3%; various payback schedules depending on company performance.
- Corporate Banking: Provides businesses customised solutions like zero minimum account opening balances, cheque deposits, internet and mobile banking access.
- Savings Accounts: Provides perks include mobile banking and debit cards, and lets people save with zero account starting costs and earn up to 10% annual interest.
Account Types
TrustBanc Financial Group provides 4 account options, designed for different businesses.
| Quick Loan Accounts | ✔ |
| Fixed Deposit Accounts | ✔ |
| Savings Accounts | ✔ |
| Investment Accounts | ✔ |
Each account type provides both individual and corporate options.
TrustBanc Financial Group Fees
TrustBanc Financial Group provides a related low fees compared to industry average.
| Fee Type | |
| Quick Loan Interest | 3% monthly (flat) interest. |
| Upfront Loan Fee | 2% one-off upfront fee for salary advance loans. |
| Management Fees | 0 fees for savings and standard account opening. |
| Fixed Deposit Fees | No additional charges for deposits or withdrawals. |
Trading Platform
TrustBanc Financial Group offers its unique trading app with some trading convenience for users.
It asks for 0 management fees.
| Platform | Supported | Available Devices | Suitable For |
| Prime App | ✔ | iOS, Android | All users for seamless banking and investments |
| Web Banking | ✔ | Web | Users preferring desktop access |
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