Traders Trust Overall rating
Rating | Weight | |
User Rating |
4.0 (1 reviews)
|
3 |
Popularity |
3.3
|
3 |
Regulation |
5.0
|
2 |
Pricing rating |
4.0
|
1 |
Features |
Not rated
|
1 |
Customer Support |
Not rated
|
1 |
Pros
- Established broker with over a decade in business
- Multiple regulatory licenses including CySEC
- High leverage options up to 3000:1 available
- MetaTrader 4 and cTrader platforms available
- Offers a variety of asset classes to trade
- Good user ratings and popularity
Cons
- No deposit compensation scheme for Seychelles and Bermuda entities
- Limited number of user reviews
- High crypto spreads compared to market leaders
We tested TradersTrust using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
TradersTrust, founded in 2009, is a well-established broker with multiple regulatory licenses. The broker is regulated by CySEC in Cyprus and the FSA in Seychelles. It is also registered in Bermuda, though this entity is non-regulated.
The broker has a good user rating of 4.0 out of 5 based on user reviews, and it ranks 47th out of 1101 forex brokers. Experts rank it 87th out of 1101, indicating a strong overall reputation.
With 41,832 organic monthly visits, TradersTrust is quite popular, ranking 206th out of 1102 forex brokers for organic traffic. Despite its popularity and trust ratings, it’s essential to remember that even highly regulated and successful financial firms can fail. Therefore, it is crucial to assess the broker's overall trustworthiness and regulatory compliance.
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
TTCM CY Traders Trust Capital Markets Ltd |
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30 : 1 | |
Traders Trust Ltd |
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3000 : 1 | |
TTCM Traders Capital Limited
Bermuda |
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3000 : 1 |
Deposit Insurance
TradersTrust provides a deposit compensation scheme for its CySEC-regulated entity in Cyprus, ensuring that investors are compensated if the financial firm fails.
However, the entities in Seychelles and Bermuda do not offer such compensation schemes. This feature provides an additional layer of security for clients under the CySEC regulation, enhancing the overall trust in the broker's safety measures.
Spreads and Costs
TradersTrust offers competitive spreads and costs, particularly in the forex asset class, where its average spreads are relatively low. However, its crypto spreads are higher compared to market leaders like IC Markets and Tickmill.
Overall, the broker provides an attractive pricing structure, especially for forex traders.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
---|---|---|---|---|
TradersTrust – Standard | 33.43 | 3.24 | - | 0.19 |
IG – Standard | 51.55 | 2.25 | 3.75 | 0.24 |
IC Markets – Standard | 9.03 | 1.56 | 1.30 | 0.10 |
Admirals – Trade | - | 2.61 | - | 0.28 |
Forex.com – Standard | - | 2.90 | - | - |
Exness – Standard | 21.98 | 2.13 | 7.23 | 0.12 |
Tickmill – Classic | 8.26 | 2.42 | 1.51 | 0.20 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TradersTrust – Standard | 62.76 | 4.11 | 1.79 | 2.21 | 4.41 | 2.98 | 4.34 | 3.77 | - | 3.26 | 0.34 | 0.04 |
IG – Standard | 98.00 | 5.10 | 0.81 | 0.97 | 3.26 | 1.29 | 3.10 | 4.08 | 2.60 | 4.90 | 0.46 | 0.03 |
IC Markets – Standard | 15.06 | 3.01 | 0.90 | 1.12 | 2.02 | 1.43 | 2.31 | 1.58 | 1.70 | 0.89 | 0.18 | 0.03 |
Admirals – Trade | - | - | 1.01 | 1.38 | 2.61 | 1.19 | 4.30 | 5.19 | 3.07 | - | 0.52 | 0.04 |
Forex.com – Standard | - | - | 1.36 | 1.62 | 3.98 | 1.48 | 5.07 | 3.89 | - | - | - | - |
Exness – Standard | 37.57 | 6.42 | 1.20 | 1.75 | 3.79 | 1.87 | 2.74 | 1.44 | 6.50 | 7.96 | 0.20 | 0.05 |
Tickmill – Classic | 14.87 | 1.62 | 1.76 | 2.09 | 2.94 | 1.95 | 2.84 | 2.94 | 1.02 | 2.01 | 0.37 | 0.03 |
Swap Rates/Financing Fees
Swap rates, or financing fees, are the costs or earnings associated with holding a position overnight. Positive swap rates result in payouts to traders, while negative swap rates incur costs.
TradersTrust does not provide explicit swap rate information, which can be a drawback for traders who hold positions overnight. Comparing average swap rates among leading brokers, we see that some brokers offer better terms than others.
Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
---|---|---|---|---|---|---|---|---|
TradersTrust | - | - | - | - | - | - | - | - |
IG | - | - | - | - | - | - | - | - |
IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
Admirals | - | -5.93 | - | - | - | - | 1.43 | -31.59 |
Forex.com | - | - | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
Exness | - | -6.71 | -0.09 | -0.07 | -2.89 | 0.00 | 0.00 | -37.21 |
Tickmill | Best | -2.24 | -0.13 | -0.13 | -2.66 | 1.27 | 20.97 | -32.76 |
Does TradersTrust Offer Islamic/Swap-free Accounts?
Islamic accounts, also known as swap-free accounts, are designed for traders who cannot receive or pay interest due to religious beliefs. TradersTrust offers swap-free accounts that comply with Islamic principles.
These accounts do not incur overnight swap or rollover interest on positions, making them suitable for Muslim traders. Requirements for opening an Islamic account typically include proving one's faith and agreeing to specific terms and conditions set by the broker.
Other Fees
Besides spreads, commissions, and swap rates, TradersTrust may charge other fees. Based on our research from various sources, here are some additional fees:
Fee Type | Amount |
---|---|
Withdrawal Fee | Varies depending on the method; some methods may be free |
Inactivity Fee | $25 per month after 6 months of inactivity until account balance reaches 0 |
It's essential to review the broker's terms and conditions to understand all potential fees associated with your trading account.
Comparison to other Brokers
When comparing TradersTrust to other leading brokers, it stands out in several areas. Its regulatory compliance with CySEC provides a level of security, although it lacks deposit compensation for its Seychelles and Bermuda entities.
The broker's user ratings and organic traffic suggest a positive reputation among traders. However, its spreads, especially in the crypto asset class, are higher than those of some market leaders like IC Markets and Tickmill.
TradersTrust offers a variety of trading platforms, including MetaTrader 4 and cTrader, which are favored for their robust features and user-friendly interfaces.
The broker's high leverage options, particularly the 3000:1 leverage for its Seychelles and Bermuda entities, cater to high-risk traders, although such high leverage comes with significant risks.
Trading Platforms - Mobile, Desktop, Automated
Platform | Device | Automated Trading |
---|---|---|
MetaTrader 4 | Desktop, Mobile, Web | Yes (MQL4) |
cTrader | Desktop, Mobile, Web | Yes (C#) |
TradersTrust offers two primary trading platforms: MetaTrader 4 (MT4) and cTrader. MT4 is widely recognized for its robust charting tools, a wide range of technical indicators, and support for automated trading through Expert Advisors (EAs) programmed in MQL4.
cTrader, on the other hand, offers a more modern interface and advanced charting capabilities, with automated trading supported through cAlgo, which uses the C# programming language.
Both platforms are available on desktop, mobile, and web, ensuring accessibility for all types of traders.
What Can you Trade?
Asset Class | Number of Instruments |
---|---|
Forex CFD | 40+ |
Crypto CFD | 8 |
Stock CFD | 100+ |
Stock Index CFD | 9 |
Commodities CFD | 11 |
ETFs | - |
Bond CFD | - |
Futures CFD | - |
TradersTrust offers a range of CFD products across various asset classes, including forex, crypto, stocks, stock indices, and commodities. CFDs, or Contracts for Difference, allow traders to speculate on the price movements of these instruments without owning the underlying assets.
This type of trading can be advantageous due to the leverage offered, but it also carries higher risk. For detailed information on the instruments available, visit the broker's website.
Available Leverage
TradersTrust offers varying levels of leverage depending on the regulatory entity and the type of account. Under CySEC regulation, the maximum leverage for retail clients is 30:1, which is standard for EU-regulated brokers.
However, for the Seychelles and Bermuda entities, the broker offers significantly higher leverage of up to 3000:1, appealing to high-risk traders. It's important to understand the risks associated with high leverage, as it can amplify both gains and losses.
Prohibited Countries
TradersTrust cannot open client accounts for residents of certain countries, including the United States, Canada, Japan, North Korea, and Iran. This is due to regulatory restrictions and compliance requirements.
Potential clients should verify their eligibility on the broker's website before attempting to open an account.
Traders Trust Account types
Classic | Pro | |
Commission | - | $3.00 Per Side Per Lot |
Maximum leverage | 30:1 CySEC; 3000:1 BA BMA | |
Mobile Platform | MT4 Mobile | |
Trading platform | MT4, WebTrader | |
Spread Type | Variable Spread | |
Minimum Deposit | 50 | 500 |
Minimum Trade Size | 0.01 | |
Trailing Stops | ||
Scalping Allowed | ||
Hedging Allowed | ||
Islamic Accounts |
Classic | |
Maximum leverage | 30:1 CySEC; 3000:1 BA BMA |
Typical Spread | 1.8 |
Trading platform | MT4WebTrader |
Mobile platform | MT4 Mobile |
Spread type | Variable Spread |
Minimum deposit | 50 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
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Pro | |
Commission | $3.00 Per Side Per Lot |
Maximum leverage | 30:1 CySEC; 3000:1 BA BMA |
Typical Spread | 0 |
Trading platform | MT4WebTrader |
Mobile platform | MT4 Mobile |
Spread type | Variable Spread |
Minimum deposit | 500 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
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Traders Trust Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
Websites |
traders-trust.com
|
Organic monthly visits | 51,593 (99%) |
Organic traffic rank | 164 out of 825 (Forex Brokers) |
Paid monthly visits | 295 (1%) |
Total monthly visits | 51,888 |
Bounce rate | 45% |
Pages per visit | 3.19 |
Average visit duration | 00:02:08.0070000 |
Traders Trust Profile
Company Name | TTCM Traders Capital Limited |
Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
Primary Category | Forex Brokers |
Year Founded | 2009 |
Headquarters | Cyprus |
Office Locations | Bermuda, Cyprus |
Account Currency | EUR, GBP, JPY, USD |
Client funds bank | Hellenic Bank, Piraeus Bank |
Support Languages | Chinese, English, French, Italian, Japanese, Portuguese, Spanish |
Funding Methods | Bank Wire, Bitcoin, Credit Card, FasaPay, Neteller, Perfect Money, Skrill, Webmoney, Bitwallet |
Financial Instruments | Forex, Indices, Oil/Energies, Cryptocurrencies, Metals |
Traders Trust User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
Traders Trust Regulation / Money Protection
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
TTCM CY Traders Trust Capital Markets Ltd |
|
|
|
|
30 : 1 | |
Traders Trust Ltd |
|
|
|
|
3000 : 1 | |
TTCM Traders Capital Limited
Bermuda |
|
|
|
|
|
3000 : 1 |
Traders Trust Promotions
Traders Trust Symbols
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