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TRUST FX MARKET

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://trustsfxmarket.com/

Website

Rating Index

Contact

+1 7172928249
support@trustsfxmarket.com
https://trustsfxmarket.com/

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

TRUST FX MARKET

Abbreviation

TRUST FX MARKET

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • 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

TRUST FX MARKET · WikiFX Survey

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TRUST FX MARKET · Company Summary

Note: TRUST FX MARKETs official site - https://trustsfxmarket.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

TRUST FX MARKET Review Summary
Founded 2-5 years
Registered Country/Region United States
Regulation Unregulated
Market Instruments Forex, commodities and so on
Demo Account Unavailable
Leverage 1:100
EUR/ USD Spreads N/A
Trading Platforms MT4
Minimum Deposit $100,000
Customer Support Phone, email

What is TRUST FX MARKET?

Founded in September 2017, TRUST FX MARKET is allegedly a broker based in the USA, claiming to provide its clients with the flexible leverage up to 1:100, a variety of tradable assets with three different account types and the worlds most popular MetaTrader4 trading platform.

TRUST FX MARKET

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • MT4 supported
  • Website is unavailable
  • Phone and email support available
  • Not regulated
  • No demo accounts
  • High minimum deposit

TRUST FX MARKET Alternative Brokers

There are many alternative brokers to TRUST FX MARKET depending on the specific needs and preferences of the trader. Some popular options include:

  • IG - A comprehensive trading platform with a range of trading tools and educational resources for all levels of traders.

  • XM - A flexible trading platform with low spreads and a range of trading instruments.

  • ForexMart – A well-established brokerage offering a wide range of trading services, including forex, CFDs, and cryptocurrencies, with a focus on excellent customer support and educational resources.

Is TRUST FX MARKET Safe or Scam?

TRUST FX MARKET currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

no license

Besides, the official website of TRUST FX MARKET is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with TRUST FX MARKET, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

TRUST FX MARKET offers a diverse range of trading instruments in the financial markets.

  • Forex: Also known as foreign exchange, it involves trading currency pairs. Traders speculate on the fluctuating exchange rates between different currencies.

  • Commodities: TRUST FX MARKET allows trading in various commodities such as oil, natural gas, agricultural products, and metals. Commodities are physical goods that can be traded, and their prices are influenced by supply and demand dynamics.

  • Indices: TRUST FX MARKET provides access to a variety of stock indices, such as the S&P 500, FTSE 100, or DAX. These indices represent a basket of stocks from specific sectors or markets, enabling traders to speculate on the overall performance of these markets.

  • Stocks: TRUST FX MARKET allows trading in individual stocks of publicly listed companies. Traders can buy and sell shares in companies and potentially benefit from price movements and dividends.

  • Bonds: Bonds are debt securities issued by governments, municipalities, or corporations. TRUST FX MARKET offers trading in bonds, allowing investors to speculate on interest rates and the creditworthiness of issuers.

  • Energies: TRUST FX MARKET offers trading in energy products like crude oil, natural gas, and other energy futures. These instruments are influenced by factors such as geopolitical events, supply and demand dynamics, and weather conditions.

  • Precious Metals: TRUST FX MARKET facilitates trading in precious metals like gold, silver, platinum, and palladium. These metals serve as a store of value and can be influenced by economic factors, inflation, and global events.

Account Types

There are three trading accounts offered by TRUST FX MARKET, namely Starter, Basic and Professional. Opening a Starter account requires the minimum initial deposit amount of $100,000, while the other two account types with the much higher minimum initial capital requirements of $300,000 and $600,000 respectively. Note that the broker also charges a refundable fee for all account types, $1,000 for the Starter account, $3,000 for the Basic account and $4,000 for the Professional account.

Account Type Minimum Initial Deposit Refundable Fee
Starter $100,000 $1,000
Basic $300,000 $3,000
Professional $600,000 $4,000

Leverage

TRUST FX MARKET offers a maximum leverage of 1:100. Leverage is a tool that allows traders to control larger positions in the market with a smaller initial investment. For example, with a leverage of 1:100, a trader can control a position worth $100,000 with just a $1,000 margin deposit.

Leverage can be attractive to traders as it amplifies potential profits. With a small investment, traders can potentially earn larger returns if the market moves in their favor. However, it's crucial to understand that leverage works both ways. While it can magnify profits, it can also amplify losses. Even small price movements against a trader's position can result in significant losses, especially when trading on high leverage.

Trading Platforms

TRUST FX MARKET provides its clients with the widely recognized MetaTrader 4 (MT4) trading platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and a wide range of features that facilitate efficient and intuitive trading.

The MT4 platform offers a comprehensive set of tools and functionalities that cater to both novice and experienced traders. It provides real-time quotes, customizable charts, and a wide range of technical indicators, enabling traders to perform in-depth analysis of the markets. Traders can also access historical data and utilize various charting tools to identify patterns and make informed trading decisions.

MT4

Deposits & Withdrawals

TRUST FX MARKET accepts withdrawals only via Bitcoin and Local bank transfers. The minimum withdrawal is 5% for Bitcoin. Also, the broker allows traders to withdraw once a week.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +1 7172928249

Email: support@trustsfxmarket.com

Conclusion

In conclusion, TRUST FX MARKET is a trading platform that offers a range of services to its clients. With its user-friendly interface and advanced charting tools, TRUST FX MARKET's trading platform, MT4, caters to the needs of both beginner and advanced traders.

However, the lack of regulation and an inaccessible website make TRUST FX MARKET an unsafe choice for investors or traders. It is advisable to seek regulated alternatives and conduct thorough research before engaging with any broker to ensure a secure trading experience.

Frequently Asked Questions (FAQs)

Q 1: Is TRUST FX MARKET regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at TRUST FX MARKET?
A 2: You can contact via phone,+1 7172928249 and email, support@trustsfxmarket.com.
Q 3: Does TRUST FX MARKET offer demo accounts?
A 3: No.
Q 4: Does TRUST FX MARKET offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for TRUST FX MARKET?
A 5: The minimum initial deposit to open an account is $1000,000.
Q 6: Is TRUST FX MARKET a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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FX1253350750
more than one year
Careful about your investment! I requested my money to be transferred to an external firm. Took me almost a month for this transaction. It was back and forth, if you don’t call they will not let you know what was going on.
2023-02-24 15:58
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0
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FX1222754830
more than one year
TRUST FX MARKET is a scam broker.. they won't give proper customer support. They are deceiving newbies to invest in their platform. Once you deposit, your money will be gone.
2023-02-14 18:11
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0
0
FX1130523791
more than one year
Don't go by the advertising, it's all scams. When you contact them, they don't respond at all. I would even say it's deep fake. Avoid TRUST FX MARKET! They don’t deserve your trust!
2022-12-09 11:52
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