Traders Trust group includes 2 related companies.
Traders Trust CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Traders Trust BM - legally registered entity located in Bermuda, but not regulated by any government agency.
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, BM company accepts European traders, so one can open a trading account there.
Traders Trust group accepts clients from all over the world, excluding USA, Canada, Australia, New Zealand, Iran, Iraq, North Korea, Cuba, Syria, Sudan, Afghanistan, Guyana, Uganda, Yemen and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|40+ Currency Pairs||Based on major and minor world currencies.|
|15 Crypto Pairs||Based on Bitcoin, Ethereum, Litecoin, Ripple.|
|5 Indice CFDs||Based on baskets of different blue-chip stocks.|
|3 Metal CFDs||Based on Gold, Silver and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
Traders Trust is a forex broker with branches registered in both Bermuda and Cyprus, which serves traders from most countries of the world with the exception of the US, Canada, Australia, New Zealand, and a few other countries where restrictions usually apply.
As always, traders based in EU/EEA countries will be signed up with the EU-based entity, which in this case is located in Cyprus. Here, the broker is regulated by both the Cyprus Securities and Exchange Commission (CySEC) and the European Securities and Markets Authority (ESMA), which means that the strict EU regulations on things like trading leverage do apply.
Despite these regulations, EU-based traders who would like more leverage may still have a chance to get it by requesting the broker to be signed up with the Bermuda-based branch. Keep in mind, however, that this branch is completely unregulated, which means that there is no government agency to turn to in the event of a dispute with the broker.
For traders who are ready to take the step, however, TradersTrust offers a wide selection of assets for trading. This includes more than 40 currency pairs, a handful of major stock indices, as well as metals and energy commodities like natural gas and oil. In addition, the broker offers trading in the popular cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) against a range of fiat currencies, including the US dollar, euro, Japanese yen, and Chinese (offshore) yuan.
When it comes to trading platforms, TradersTrust has chosen the traditional path of relying exclusively on the MetaTrader 4 (MT4) platform, which remains an incredibly popular trading platform in the community. This is largely thanks to the huge marketplace of so-called “Expert Advisors” - or automated trading algorithms - that can be found on the platform. In addition, some traders like it for the ability to easily code their own strategies and indicators using the platform’s proprietary scripting language known as MQL4.
Once signed up with the broker, new traders need to choose which type of trading account they would like to trade with. The choice here is between a Classic Account with no commissions, a Pro Account with tighter spreads and USD 3 commission per lot per side, and a VIP Account with the tightest spreads available and commissions of just USD 1.5.
The minimum balances required to open each of these trading accounts is USD 50, 2,000, and 20,000, respectively. For traders who want some more practice before jumping into the real game, however, a fully functional demo account is also available for free, which is something we always appreciate.
We also appreciate what TradersTrust has done in terms of its customer support, with the live chat function on its website being available in seven different languages, including English, French, Russian, Japanese, Spanish, Italian, and Arabic. This is far better than most other brokers out there, and in our opinion shows that TradersTrust is taking its commitment to traders around the world seriously. In addition, it is also possible to reach the broker’s support team via a 24-hour phone line for those who prefer that.
In conclusion, it appears that TradersTrust has done a solid job with attracting traders from around the world to join, and avoided becoming a regional forex broker like so many other companies. With that said, however, the broker is fairly restrictive when it comes to accepting clients from countries with strict forex broker regulations, given that this list now even includes countries like Australia, New Zealand, and Canada. For European and Asian traders, however, TradersTrust may still be a decent choice.