Trust Capital Review: Exploring Features and Regulatory Compliance
Introducing Trust Capital, the trading label of Trust Capital Limited. This is an investment business registered in Cyprus. Rest assured, this broker operates under regulatory oversight. Yet, it has come to our attention that a significant number of complaints—18 in 2023 alone—have been filed against them. If you’re facing any concerns with this broker, we’re here to help. This Trust Capital review is here to answer some questions. Stay tuned!
|Trust Capital LTD
|0.9 – 1.8
Trust Capital’s Regulatory Compliance and Fund Security
Trust Capital TC Limited is a registered investment business with the Cyprus Securities and Exchange Commission (CySEC), which is a Tier 2 regulator. CySEC operates under the governed of the European Securities and Markets Authority (ESMA), ensuring compliance with its rules. The regulation of Trust Capital is considered solid. Yet, it’s important to note that traders have recently expressed concerns and filed complaints about the broker’s practices.
To provide more insight into Trust Capital’s operations, we conducted further research and discovered the countries where Trust Capital is active outside of Europe. These include:
- United States (Note: Trust Capital is not authorized to operate there)
- United Arab Emirates (UAE)
It’s worth mentioning that Trust Capital’s MiFID passport applies exclusively to Europe, while the CySEC license allows them to operate in the UAE and Indonesia, provided they comply with local regulations. If you encounter any issues or require assistance, feel free to reach out to us for help.
Trading Software Overview
Trust Capital provides the widely recognized MetaTrader 4 venue. This platform is available in desktop, Android, and iOS versions, as mentioned on their website. Besides, they offer a convenient web-based version of the platform. MT4 is renowned for its exceptional features, including live market reports, instant execution, various timeframes, and automated trading capabilities, making it an impressive software solution.
Over time, MT4 has become a benchmark for trading platforms, setting high standards in the industry. This broker does offer a legitimate version of MT4. Yet, it’s important to note that some trader reviews have raised concerns about the potential exposure of this platform to manipulation. While it’s essential to exercise caution and consider such feedback, it’s also advisable to conduct thorough research and evaluate the platform’s suitability.
Note: It’s good to know that XBTFX, a controversial broker, has faced client complaints regarding its services.
Account Types Offered by Trust Capital
Trust Capital offers two distinct account types for traders:
- Trust Solo: This account requires a minimum deposit of $50 and offers competitive spreads as low as 0.9 pips. Also, there are no commissions charged on major asset classes, making it an appealing choice for traders.
- Trust Together: With a minimum deposit of $250, the Trust Together account provides access to spreads starting from 1.8 pips. It’s important to note that applicable commissions are charged for CFD trading.
While beginners may find the minimum deposit somewhat high, Trust Capital does offer a free demo account. A demo account serves as a useful tool for practicing and gaining experience. It’s worth mentioning that there is no pre-established swap-free version of these accounts. Yet, you can request this option by contacting Trust Capital directly, as specified in their Terms and Conditions.
To ensure regulatory compliance, the maximum leverage available for retail clients is capped at 1:30, following the guidelines set by the European Securities and Markets Authority (ESMA) and enforced by CySEC.
Deposit and Withdrawal Process at Trust Capital
This firm offers a variety of payment options. Let’s take a look:
- Bank cards
- Wire transfers
- E-wallets (STICPAY)
While the minimum deposit requirement is $50, it’s important to note that the associated fees may not be as favorable. Trust Capital applies different fee structures counting on the chosen payment method. Wire transfers can incur fees of up to 2.5% per transaction. The same goes for e-wallet transactions. Card transaction fees vary based on the terms of Visa and MasterCard.
The fees may seem reasonable for some clients. Yet, based on client complaints, it appears that the processing time for withdrawal requests is longer than desired.
Unraveling the Fraudulent Scheme
In the world of online trading, the presence of fraudulent brokers poses a significant challenge. It is crucial to expose these deceptive entities and protect traders from falling victim to their schemes. These fake brokers operate by employing many dishonest tactics.
They may make unrealistic promises of high profits, exert relentless pressure to invest quickly, and provide inadequate customer support. Besides, they often manipulate trading platforms or delay and complicate the withdrawal process, making it difficult for traders to access their funds. By conducting thorough investigations we can uncover these fraudulent operations.
Likewise, listening to the experiences and warnings of real traders who have encountered such fake brokers is vital in identifying their deceptive tactics. Through education, awareness, and collaboration, we can empower traders to make informed decisions. What’s more, we can protect them from the detrimental effects of these fraudulent brokers.
Discover the Best Broker With Our Help
Our company is committed to protecting investors from cons. We understand the importance of making informed decisions when choosing a reliable broker. That’s why we offer a range of resources to help you find the ideal broker for your needs. By exploring our content, you can access valuable insights, expert reviews, and detailed comparisons. Our goal is to empower you with the knowledge and tools you need to navigate the trading world with confidence.
Whether you’re a professional or just starting, we’re here to support you in finding the perfect broker. Start your journey with us today and make smart investment choices that align with your goals. Read more about us to discover the best broker for you.
Note: Beware and keep your distance from shady brokers like Cambrill. They’re more elusive than a chameleon at a magic show.
Trust Capital is a reputable broker registered in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). They offer the widely-used MetaTrader 4 platform, providing advanced features for traders.
They accept various payment methods, including bank cards, wire transfers, e-wallets, and cryptocurrencies. While some traders have expressed concerns about potential platform manipulation, Trust Capital strives to provide a secure trading environment. It is advisable to conduct thorough research and consider user feedback before making investment decisions.
Is Trust Capital a Regulated Broker?
This broker is regulated but it is not the best option.
Is My Money Safe at Trust Capital?
Your money may be safe with this company. Still, caution is advised.
What Is The Minimum Deposit at Trust Capital?
The minimum deposit amount that this broker asks for is $50.