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No Regulation
Score
1.55 /10
Danger
TrueFriend
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.30
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
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
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2025-06-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| TrueFriend Review Summary | |
| Founded | 2003 |
| Registered Country/Region | South Korea |
| Regulation | No regulation |
| Services | Brokerage, retirement pension, fixed income, IPO, M&A IntI finance, OTC derivatives, and project & structured finance |
| Demo Account | ❌ |
| Customer Support | Service time: 8 a.m ~ to 5 p.m |
| Tel: 1588-1251 | |
| Email: truefriend@koreainvestment.com | |
| Address_88, Uisadang-daero, Yeongdeungpo-Gu, Seoul, korea | |
| Regional Restriction | U.S. |
TrueFriend, founded in 2005 and based in Korea, operates as an unregulated financial trading platform. It offers many financial services including brokerage, retirement pension, fixed income, and so on. However, the residents from the United States have no access to trade with them.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Variety of services offered | No regulation |
| US clients are not allowed | |
| No 24/7 customer service | |
| Limited Information on fee structure |
Is TrueFriend Legit?
No. Truefriend currently has no valid regulations. Please be aware of the risk!
Besides, Truefriend was registered on May 12, 2003. As of now, its status includes restrictions such as client transfer prohibited and client update prohibited. It is set to expire on May 12, 2026, and was last updated on April 15, 2025.
TrueFriend Services
TrueFriend offers services in brokerage, retirement pension, fixed income, IPO, M&A IntI finance, OTC derivatives, and project & structured finance.
It provides brokerage for foreign institutional investors in domestic stocks, futures, and options, and also helps Korean investors invest in overseas stocks and bonds across the US, UK, Japan, Hong Kong, and China.
Moreover, through the Korea Securities Depository, it brokers stock borrowing and lending for both domestic and foreign investors, facilitating various trading strategies.
Account
TrueFriend offers personal pension accounts. As a provider of personal pension plans focused on blue - chip assets like POSCO, MBC, and KEPCO, it has achieved remarkable results over 10 years. The cumulative return stands at an outstanding 191%, with an annual average return of 15%. During the same period, it ranked first among all financial institutions.
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