Traders Trust, a foreign exchange platform operated by Traders Trust Capital Markets Ltd, was established back in 2009. Its head office is located in Nicosia, Cyprus and holds a license from the Cyprus Securities and Exchange Commission. Not only is it regulated by the CySEC, it is also filed under different international regulatory bodies such as the Financial Conduct Authority in the United Kingdom and Financial Instruments Directive of the European Union. Its strong regulatory oversight is well-enforced as it is also a member of the Investor Compensation Fund.
This brokerage uses Straight Through Processing and Non-Dealing Desk structures. This means that transactions are executed faster than the usual pace since orders do not go through any filters. As the company commits to providing a convenient trading experience, efficiency and profitability are both guaranteed.
Account Selection
When it comes to this aspect, it can be concluded that Traders Trust lags behind other brokers since it only offers two live accounts. Far from the usual selection of three, this may come disadvantageous for clients in search of a more personalized account. Moreover, traders may open a demo account for mock trading.
STP Account- This account only functions using the MetaTrader 4. Considered as the most popular among the offers, the STP account executes 99.9% of orders within 40 ms. For a minimum deposit of $100, users are equipped with a leverage of up to 1:500. It also offers automated trading, expert advisors, scalping, and hedging. While it is a starter account, it does not fall short of premium features since it is wired with 24-hour customer assistance, personal account managers, technical analysis, and charge-free FX academy.
MAM Account- Rough points in trading are reduced since this allows multiple account management. As this account offers advanced trading instruments, this remains ideal for asset managers and professional traders. And while it is true that advanced trading tools are daunting to use, Traders Trust managed to erase hassles through enhanced level of usability.
Demo Account- For clients who want to check the platform’s overall functionality, they open this account. Demo account is always the best place to start as it gives a full rundown of the platform’s features and conditions. This also helps clients assess whether or not they should open an account with Traders Trust.
For clients who take interest in subscribing to any of the aforementioned accounts, funding won’t come taxing as it is available through various payment methods. Deposits may be through credit/debit cards, wire transfers, and WebMoney. However, one must understand that certain methods entail fees, so it is advised that clients read full conditions before funding.
Traders Trust Platform
Traders Trust is a MetaTrader-powered platform. Since it utilizes MT4 as its primary system, clients are secured that its tools are user-friendly and convenient. More so, MetaTrader systems are known for its simple and comprehensive user interface, allowing one to manage and organize orders with intensive level of efficacy. With this platform, charting and analysis are made easy through reliable indicators.
To say, this platform is flexible as it can be downloaded on desktop and mobile. Its mobile version came impressive as it is wired with much of what is offered on the desktop version. One-click execution, Market analytics, watch windows, various order types, and multi-language interface work together for a more convenient trading experience.
Additional Features
Customer Support
Traders Trust is inarguably trader-centered as it offers intensive customer assistance for its clients. As mentioned above, the platform is available in different languages. It is also equipped with 24/5 live chat on top of other communication channels such as phone, email, and various social networks. For queries that do not need immediate resolution, clients may utilize a feature called “ticket”. This made assistance more convenient as clients may select what method they may use to communicate with the support team.
Education and Research
This broker does well in this aspect as it offers adequate authoritative materials for trading education. Webinars about trading strategies are available, while trade-related articles come helpful for those who want to learn about trading fundamentals. There is also a separate section for frequently-asked questions, giving comprehensive answers for the most common problems that clients encounter.
Conclusion
Traders Trust lives up to its name since it provides reliable and legitimate trading services. With its wide asset selection, optimum system, intensive customer support, and authoritative learning materials, one would be compelled to place a sound subscription. While there are minimal setbacks when it comes to its account selection, Traders Trust remains a platform worthy of one’s investment.
