Founded in 2009, Traders-Trust is an online forex and CFD broker headquartered in Cyprus. They offer a wide range of trading instruments and platforms, attracting both beginners and experienced traders. Let’s delve into their key features:

Account Types:

• Classic: Zero commission, starting spreads from 1.5 pips, ideal for beginners.
• Pro: Raw spreads, $3 per lot commission, suitable for experienced traders.
• VIP: Same spreads as Pro, $1.5 per lot commission, requires a $20,000 deposit, targeted at high-volume traders.

Additional Features:

• Social Trading: Copy trades from top-performing traders.
• Contests and Promotions: Offers bonuses and cashbacks to incentivize trading.
• Islamic Accounts: Swap-free accounts compliant with Islamic principles.
• Educational Resources: Free articles, webinars, tutorials, and videos.
• Customer Support: Live chat, phone, and email support.

Fees:

• Spreads: Variable, starting from 0.0 pips for major currency pairs.
• Commissions: $3 per lot on Pro accounts, $1.5 per lot on VIP accounts.
• Rollover fees (swaps): Charged for holding positions overnight.
• Inactivity fees: $10 per month after 6 months of inactivity.
• Deposit/withdrawal fees: May apply depending on the chosen method.

Here are some of the pros and cons of Traders-Trust:

Advantages of Traders-Trust (Pros)

• Regulation: CySEC regulation offers a layer of security for your funds.
• Education: Free resources like articles, webinars, and videos empower traders to learn.
• Customer Support: Generally praised for responsiveness and helpfulness across various channels.
• Instrument Variety: Trade forex, CFDs on stocks, indices, commodities, and even crypto, catering to diverse styles.
• Platform Choice: Opt for industry-standard MetaTrader 4/5 or their proprietary TTCM Trader platform for a different experience.

Disadvantages of Traders-Trust (Cons)

• High-risk instruments (CFDs)
• Potential hidden fees
• Mixed user reviews (withdrawal issues, slow customer service)
• 82% of retail investor accounts lose money (CySEC statistic)

Traders-Trust is ranked highly in many broker rankings. Here are a few examples:

• Trustpilot: Traders-Trust has a 4-star rating with over 1,300 reviews. While positive, it’s important to read individual reviews and assess their credibility.
• Top Rated FX Brokers: Ranks Traders-Trust #18 out of 67 brokers based on factors like regulation, fees, platform features, and customer support.
• Myfxbook: Traders-Trust has a 2.5-star rating with over 100 reviews. This lower rating might be due to the high-risk nature of CFDs and potential hidden fees.
• WikiFX: Rates Traders-Trust 4.2 stars based on regulation, license, risk management, and user reviews.

More Details About Traders-Trust:

• Founded: 2009
• Headquarters: Cyprus
• Regulation: CySEC (Cyprus Securities and Exchange Commission)
• Instruments: Forex, CFDs on stocks, indices, commodities, cryptocurrencies
• Platforms: MetaTrader 4, MetaTrader 5, TTCM Trader (proprietary)
• Account types: Classic, Pro, VIP
• Minimum deposit: €100

While some users sing Traders-Trust’s praises, others highlight significant issues. Weighing both sides is crucial before making a decision.