Traders Trust EU Review – Is This Broker the Right Choice For You?
Traders Trust EU is a brokerage firm that has been around since 2009. The company is regulated in Cyprus but also has an offshore branch incorporated under the laws of Seychelles. The platform looks promising, with favorable trading features. However, there are several negative user reviews that can influence one’s decision.
Keep reading our Traders Trust EU review to find out if they are a good option for you. We have analyzed the broker’s legal background, trading platform, trading conditions, payment methods, and user reviews.
Traders Trust EU regulation – Licensed Status
Traders Trust EU is run by a company called TTCM Traders Trust Capital Markets Ltd. This entity has been registered with CySEC since 2009. According to the regulator’s website, the approved domain is traders-trust.eu.
However, we have discovered that the firm also operates offshore via a subsidiary called Traders Trust Limited. Be careful, as this branch does business under a jurisdiction with regulations that aren’t as strict as those in force in Europe.
For instance, licensed European brokers must meet certain legal requirements. They must segregate clients’ funds, offer them negative balance protection, and an ICF compensation scheme while maintaining an operating capital of EUR 730,000. Most offshore firms do not abide by these rules. Therefore, we highly suggest that clients stick to the European operator.
Traders Trust EU Reviews – User Experience
Since the Traders Trust EU broker is regulated by CySEC, the probability of it being a scam is low, yet, that does not mean it is the trader’s best option. On the popular trading form forexpeacearmy.com, the broker received 14 reviews and a score of 2.9/5.
The reviews are mixed. Although there is positive feedback, we also read several complaints about withdrawal problems and unauthorized order creations. It’s important to consider all the comments so that you are certain where to invest your money.
Where’s Traders Trust EU Present?
The Forex operator has a strong presence in several areas. We did some research and found that the distribution of the clients is the following:
- Poland
- Germany
- Switzerland
- Cyprus
- Canada
Four of the listed countries are members of the European Union, where common regulations apply. Licensed brokerage firms receive a MiFID passport that enables them to trade freely in any other EU or EEA state with minimal additional authorization.
Canada is another story. Different regulations apply there. If you are a Canadian user, you’d best find a local provider to avoid any potential problems that can stem from regulatory discrepancies. Consider other firms such as Quantower.
Traders Trust EU platform – Trading Tools
The Traders Trust EU platform is MetaTrader 4 (MT4), accessible through both desktop and mobile devices. In addition, traders can use MT4 WebTrader, enabling browser-based trading without the need to download.
Traders Trust EU offers several useful tools that include an economic calendar, a VPS server ensuring uninterrupted EA operation for trading efficiency, and trading calculators for margin, swaps, profit/loss calculations, and currency conversion.
Trading Accounts and Conditions – Is Trading Profitable?
| Account type | Classic account | Pro account | VIP account | Demo account |
| Minimum deposit | EUR 50 | EUR 2,000 | EUR 20,000 | N/A |
| Commissions | Zero | EUR 3/lot | EUR 1.5/lot | Depends on the account type |
| Trading platform | MT4 terminal/mobile | MT4 terminal/mobile | MT4 terminal/mobile | MT4 terminal/mobile |
| Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
Traders Trust EU provides three account types with varying conditions and benefits. The Classic account costs a minimum of USD 50, the spread starts from 1.5 pips, and leverage is up to 1:30 (Cyprus) or 1:500 (offshore).
The Pro account operates as an ECN account with a spread starting from 0.0 pips, requiring a minimum deposit of USD 2,000 and charging a commission per lot of USD 3.
For professionals, the VIP account offers an ECN model with a minimum deposit of USD 20,000, spread from 0.0 pips, leverage at 1:30 (Cyprus) or 1:200 (offshore), and a commission per lot of USD 1.5.
Deposit and Withdrawal Process
Deposit and withdrawal methods include several popular and widely used options:
- Credit/debit cards
- Bank transfer
- Skrill
- Neteller
- Perfect Money
- WebMoney
- FasaPay
- BitWallet
- Bitcoin
Withdrawal requests with Traders Trust are operated by the company’s financial department during their operational hours, from 9:00 am to 6:00 pm (GMT+2). The company covers all fees except for bank transfers, which have a fee of USD 25 or EUR 20.
Withdrawals are processed within 1-6 hours. Accepted currencies for deposits and withdrawals include USD, EUR, GBP, JPY, CHF, CNY, PLN, and BTC, with a minimum withdrawal requirement set at USD/EUR/GBP 50.
Conclusion
All in all, Traders Trust EU seems like a decent brokerage platform with competitive trading conditions that are suitable for European customers. For US customers, you can check our CenterPoint Securities review.
As mentioned, the firm also operates offshore and offers high leverage. However, this entity operates without sufficient regulation.
If you are interested in trading with this broker, we recommend you open an account on the Cyprus domain to reap safety benefits. Still unsure about the platform? No worries, we can help you find just the right solution to get your trading career going.
FAQ Section
What is Traders Trust EU?
This is a brokerage company registered in Cyprus that offers Forex and CFD trading.
Is Traders Trust EU Legit?
Yes, the domain we covered is regulated by CySEC. The offshore branch is not as reliable.
How to Pick a Right Trading Broker?
Make sure the provider is regulated by the right authority and caters to your needs, skills, and budget.
