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Trustbanc

WikiFX | 2025-01-03 12:05

Abstract:Trustbanc is a financial institution that offers a wide range of integrated investment solutions and services. Focusing on Sub-Saharan Africa, especially in Nigeria, Trustbanc currently does not hold any major licenses, which raises concerns about the safety and reliability of trading with this broker. As an unregulated broker, traders should exercise caution and carefully consider the potential risks involved. Trustbanc comprises several subsidiaries, each specializing in different areas of the financial industry. Trustbanc Capital specializes in professional financial services, guiding clients to utilize their wealth for long-term productive purposes effectively. Trustbanc Microfinance Bank offers swift and convenient loans at a competitive 3% interest rate, customized to meet individual requirements. In the foreign exchange market, Primelink BDC, a subsidiary of Trustbanc, provides flexible exchange rates within 24 hours, facilitating convenient currency conversions for clients eng

TrustBanc Financial Group Review Summary
Registered Country/RegionNigeria
RegulationUnregulated
Market InstrumentsQuick Loans, Fixed Deposits, Enterprise Loans, Savings, Corporate Banking
Demo AccountUnavailable
Trading PlatformPrime by TrustBanc app, Web-Based Banking
Min Deposit0 for most accounts
Customer SupportPhone: 07004446147
Email: support@trustbancgroup.com
24/7 Online Chat: ×
Physical Address: 163, Sinari Daranijo Street, Off Ligali Ayorinde, Victoria Island, Lagos, Nigeria

TrustBanc Financial Group Information

Founded in Lagos, Nigeria, TrustBanc Financial Group provides a range of financial services catered for both people and companies. Though it's not regulated, its products include fixed deposits, rapid loans, business loans, savings accounts, and corporate banking options. Through its Prime by TrustBanc app, consumers may access $0 account initial deposits.

TrustBanc Financial Group Information

Pros and Cons

ProsCons
0 minimum deposit for accountsUnregulated
Competitive interest rates (up to 10% on savings and 20% on investments)No demo account or trading-related leverage offerings
Many financial services

Is TrustBanc Financial Group Legit?

TrustBanc Financial Group is unregulated.

Is TrustBanc Financial Group Legit?

What Services Does TrustBanc Financial Group Provide?

TrustBanc Financial Group offers many financial products and services for individuals and businesses. These include loans, savings, fixed deposits, corporate banking, and investment services.

ServiceSupported
Quick Loans✔
Fixed Deposits✔
Enterprise Loans✔
Savings Accounts✔
Corporate Banking✔
  • Quick Loans: offers at a 3% monthly flat interest rate quick and easy borrowing services. To cover immediate financial need, options include public sector loans, salary advance loans, and staff credit schemes.
  • Fixed Deposits: Provides good investment choices with appealing interest rates so that both people and companies may automatically save money and get reasonable returns.
  • Enterprise Loans: Provides loans for micro and small business owners. Monthly interest is levied at 3%; various payback schedules depending on company performance.
  • Corporate Banking: Provides businesses customised solutions like zero minimum account opening balances, cheque deposits, internet and mobile banking access.
  • Savings Accounts: Provides perks include mobile banking and debit cards, and lets people save with zero account starting costs and earn up to 10% annual interest.
What Services Does TrustBanc Financial Group Provide?

Account Types

TrustBanc Financial Group provides 4 account options, designed for different businesses.

Quick Loan Accounts✔
Fixed Deposit Accounts✔
Savings Accounts✔
Investment Accounts✔

Each account type provides both individual and corporate options.

Account Types

TrustBanc Financial Group Fees

TrustBanc Financial Group provides a related low fees compared to industry average.

Fee Type
Quick Loan Interest3% monthly (flat) interest.
Upfront Loan Fee2% one-off upfront fee for salary advance loans.
Management Fees0 fees for savings and standard account opening.
Fixed Deposit FeesNo additional charges for deposits or withdrawals.
TrustBanc Financial Group Fees
TrustBanc Financial Group Fees

Trading Platform

TrustBanc Financial Group offers its unique trading app with some trading convenience for users.

It asks for 0 management fees.

PlatformSupportedAvailable DevicesSuitable For
Prime App✔iOS, AndroidAll users for seamless banking and investments
Web Banking✔WebUsers preferring desktop access
Trading Platform
LeverageBrokerCommission

Related broker

No Regulation
Trustbanc
Company name:TrustBanc Group
Score
1.54
Website:https://trustbancgroup.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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