TradersTrust Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-10-29 15:58

Abstract：TTCM Traders Trust Capital Markets Limited is a Cyprus Investment Firm incorporated under the laws of Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. Traders Trust is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.

Basic	Information
Registered Country/Region	Cyprus
Regulation	CySEC
Founding Time	2009
Minimum Deposit	$50
Maximum Leverage	1:500
Minimum Spreads	Variable
Trading Platform	MT4
Trading Assets	Forex, Indices, Commodities, Crypto
Payment Methods	Bank Transfer, Credit/Debit Card, E-Wallets, Crypto
Customer Support	Email, Phone

　　General Information& Regulation

　　TTCM Traders Trust Capital Markets Limited is a Cyprus Investment Firm incorporated under the laws of Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. Traders Trust is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.

　　Market Instruments

　　Traders Trust offers investors a range of financial instruments including Forex, Indices, Precious Metals, Oils, Commodities, etc.

　　Accounts & Leverage

　　There are four kinds of account types for investors to choose from at Traders Trust, namely Classic (minimum deposit of 50 USD), Pro (minimum deposit of 2,000 USD), VIP (minimum deposit of 20,000 USD) and Demo (no minimum deposit). The maximum leverage for those accounts is up to 1:30.

　　Demo Account

　　If you're just starting out in the trading world, you may utilize your demo account to gain experience without really risking any of your own money. You can easily transition to a real trading account when you feel ready. This broker offers a free demo account, where you can trade with virtual cash (up to $200,000 in value) without any danger to your own money. A demo account is a great approach to evaluate a broker and determine if the trading conditions are conducive to your strategies if you already have expertise trading. You can use it to try out different trading techniques in a risk-free virtual trading environment.

　　Spreads & Commissions

　　The minimum spread for Classic Account is 1.5 pips, and 0 pips for Pro as well as VIP. Classic Account charges no commission. The commission per side for Pro and VIP is 3$/lot and 1.5$/lot respectively. Demo Accounts minimum spread and commission depend on the type of accounts.

　　Trading Platform

　　Traders Trust provides investors with MetaTrader4 (MT4) for Windows, MAC, Android, iOS and Web. You can utilize Expert Advisors (EAs) to automate your trading on the MT4 platform, or you can trade manually. You can configure many parameters using the EA inputs, and these applications will alert you or open and close positions automatically based on those settings. This simple method saves you time, allows you to trade without emotion, and provides you with options. Most manual trading strategies can be converted into fully automated ones.

　　If you're technically savvy, you may use MT4 and the MQL4 programming language to create your own trading robots.

　　A virtual private server (VPS) can be used to host trading platforms, allowing traders to take advantage of constant availability and avoid disruptions caused by things like slow network connections, crashed computers, or power outages.

　　Deposit & Withdrawal

　　Payment methods at Traders Trust include Bank Transfer, Visa, Mastercard, Neteller and Skrill. The minimum amount for deposit and withdrawal is $/€/£ 50.

　　Trading Hours

　　The trading times at Traders Trust depend on the specific market. For instance, both the Metals market and the Oils market are open day & night from Monday to Friday.

　　Customer Support

　　Traders Trust's customer care representatives are available around-the-clock through a number of different mediums, including the phone, email, live chat, and Facebook, Instagram, Twitter, LinkedIn, and YouTube.

　　You can contact them via real-time chat, and they'll get back to you as soon as they can.

　　Accepted Countries

　　Traders Trust does not provide services to residents of certain jurisdictions/countries including but not limited to Australia, New Zealand, Canada, Iran, Iraq, North Korea, Japan, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao Peoples Democratic Republic, Uganda, Yemen, Venezuela and Puerto Rico.

　　Risk

　　CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros	Cons
CYSEC-regulation	Limited educational resources for beginners
Wide range of trading assets	Limited range of non-FX trading instruments
Low minimum deposit requirement	Cannot accept clients from some countries
Competitive Trading Conditions	Access to low spreads requires a much larger deposit
Multiple trading platform options
High leverage up to 1:500
Demo account available
VPS supported