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Trust Markets

WikiFX | 2024-12-17 13:58

Abstract: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.

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.

LeverageCommissionBroker

Related broker

No Regulation
Trust Markets
Company name:TM LLC
Score
1.44
Website:https://www.trustmarkets.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.44

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