Trust Markets

WikiFX | 2024-12-17 13:58

Abstract：Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.

Note: Trust Markets's official website - https://www.trustmarkets.com/ is currently inaccessible normally.

Trust Markets Review Summary
Founded	2014
Registered Country/Region	St. Lucia
Regulation	No regulation
Market Instruments	39+ forex, 12+ indices, 134+ stocks, 12+ commodities, 25+ cryptocurrencies
Demo Account	✅
EUR/USD Spread	From 1.0 pips (Standard account)
Leverage	Up to 1:1000
Trading Platform	MT5
Min Deposit	0
Customer Support	Live chat, contact form
	Tel: +90 212 271 00 66
	Email: support@trustmarkets.com
Restricted Countries	North Korea, United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey

Trust Markets Information

Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.

Pros and Cons

Pros	Cons
Wide range of tradable assets	No regulation
Demo accounts	WikiFX complaints about withdrawal issues
Multiple account types	Restricted in some countries
Commission-free accounts offered
MT5 platform
No minimum deposit requirement
Popular payment options
Live chat support

Is Trust Markets Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Trust Markets, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on Trust Markets?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔
Commodities	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

Account Type	Spread	Commission
Standard	From 1.0 pips	❌
Fixed	From 1.5 pips	❌
Raw	From 0.0 pips	$7 per lot
VIP	From 0.4 pips	❌
Crypto	From 0.0 pips	❌

Leverage

Trust Markets offersa leverage level of up to 1:1000 for all account types, which means you can control a larger position of up to 1000 times of your initial deposit.

However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well, especially for abnormal high leverage as 1:1000.

Trading Platform

The broker offers the industry-leading MetaTrader 5 platform, which is popular worldwide for its user-friendly interface, automated trade execution via Expert Advisor, advanced charting and analysis tools, etc.