Trustfx.io Review Is TrustFX A Scam Or Legit Broker

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About us

TrustFX is a European company that provides access to the international financial market. Our credo is the combination of European financial conservatism and technological innovation. Our main resource is the TRUST of thousands of customers from all over the world.

We are sure that people with different incomes and status can earn in the financial market. Our individual services take into account the needs of everyone. Contact TrustFX! We know how to make money in the international financial market.

Looking for learning opportunities? We offer such opportunities for free! Apply for a TrustFX account today and have the best trading experience!

Our benefits

We offer European services because customer trust is our most valuable asset.

Flexible commission system, spreads from 0 pips, regular bonuses and promotions.

The best traders and programmers have developed trading algorithms that really earn.

Our experienced financial analysts know which assets are profitable now.

We use two-factor authentication, advanced encryption and trusted partners.

Contact us at any time of the day, and we will surely find a solution to your question.

We provide customers with free trading signals and educational materials.

Advanced trading platforms are available for mobile, PC and Web.

We advise you to carefully read the conditions before opening positions on our platform. Trading on TrustFX contains risks that may lead to a partial or complete loss of investment. Before commencing trade, one should fully consider the question of the acceptability of such operations in terms of available financial resources and level of knowledge. There are risks associated with the use of the online trading system, including, but not limited to, a failure of equipment, software and an Internet connection. The trader assumes the risks of financial losses due to faults in information, communication, electrical and other systems. Any opinions, news, research, analyzes or other information contained on this site are provided as a general comment to the market and are not investment advice. The company is not responsible for any loss or damage, including but not limited to any loss of profit, which may arise directly or indirectly from the use of such information.

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Forex trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading Forex is fixed for each individual trade, the trades are live and it is possible to lose your initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment.

Trading Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone so before deciding to trade Company’s Products you should carefully consider your financial condition and your level of experience. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.

Trustfx.io Review: Is TrustFX A Scam Or Legit Broker?

TrustFX Review: this is the name of a Forex broker that claims to be based in Europe. Is trustfx.io a scam or a legit forex broker?

The broker says it is a European company that allows traders access to the international financial market. It claims that ‘people with different incomes and status can earn in the financial market’. Their technique is combining ‘European financial conservatism and technology innovation’.

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Some benefits of trading with TrustFX is that they offer European services, flexible commission system, tight spreads, regular bonuses, experienced financial analysts, security, and many more.

TrustFX Trading Platform

It is mentioned that TrustFX trading software is operated on a MetaTrader platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: 50+ currency pairs, CFDs on precious metals, energy, agricultural products, stocks, indices, and cryptocurrencies.

Maximum leverage offered is 1:50 but this differs from account to account. The spreads also differ with 3 pips fixed for the minimum deposit account.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on TrustFX

Payments can be made and withdrawal requests can be processed via: Visa, MasterCard, Bitcoin, Dash, Litecoin, and Ethereum. Electronic wallets are not allowed and this is not encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $250 is required to trade with the broker. We do not find withdrawal fees and charges. However, like was stated earlier, there are bonus offers and we have found these to be problematic. Many scam brokers offer traders bonuses and then tie their withdrawals down with unrealistic rules attached to such bonuses.

Further, in the terms and conditions of this broker, we found that trading with TrustFX means that “all claims against the group shall become obsolete within 12 months of the occurrence giving rise to the claim”.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is TrustFX Licensed?

No. Since this broker claims to be based in Europe, it should be licensed by one of the several commissions. But this is not the case, neither CySEC, FCA or ASIC regulates this broker.

This means that fund misappropriation by TrustFX is not within the reach of any authority. Traders have been warned to avoid such brokers as they are not bound under any rule.

Support

No means of contacting the customer care agent of this broker is published on the page.

Conclusion

Besides the minimum deposit that is within the obtainable average, this broker has no advantage. It lacks a license and gives a condition for trading that is fishy as well. Traders are not advised to consider this kind of trading company.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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