TrustFX offers a variety of features and services that enhance the trading experience on the platform. The table below outlines the pros and cons associated with TrustFX. We provide a detailed assessment of the platform’s features and services based on user experience on TrustFX.
| Pros | Cons |
| Gain access to free trade signalsThe platform offers high leverage of up to 1:100Advanced automated trading featuresRobust security features to protect users’ personal information and fundsSuperb customer serviceHigh trade frequency maximizes trading opportunitiesOffers training and trader support featuresMultiple account types come with varying features and servicesThe platform offers more than 500 tradable instruments, including cryptocurrencies, stocks, currencies, commodities, and indices | TrustFX is not available to traders in the United StatesThe platform does not offer eWallet banking options |
What gives TrustFX a competitive advantage?
TrustFX implemented a raft of measures designed to ensure that the platform gains the trust and confidence of traders. TrustFX understands the need to offer a comprehensive selection of features and services. Its features ensure that traders enjoy a more convenient and intuitive platform that enriches the trading experience.
The features make it easier for traders to maximize their earning potential. Traders can take advantage of comprehensive trader support features. The platform offers several resources, such as analytics tools and free trading signals. It is also possible to leverage dedicated training features aimed at sharpening the trading skills of traders of all levels.
Improved knowledge and skills can translate to higher earning potential. Traders can select the ideal type of trading account from multiple options. The options make it easier for traders of levels to find the right account to suit specific trading needs. Additionally, traders can pick instruments based on various factors, such as skill level, earning potential, and market dynamics.
TrustFX is undoubtedly a leader in the world of asset trading. It offers a combination of reliable payment systems and superb customer services.
TrustFX platform test
The best way to review a trading platform’s features and services is to experience the features in real life. Our test proved that the account registration process at TrustFX is a breeze. The process takes less than three minutes.
On the other hand, testing the quality of customer support services is also vital. New traders typically require personalized guidance on how to perform a variety of tasks. As expected, TrustFX’s customer support team excelled with friendly, knowledgeable, and helpful responses to all questions.
The team displayed high levels of professionalism at all times. The information received from customer support services proved extremely useful. It made the induction process easier and enjoyable.
The next test involved verifying the ease of use on the three available platforms. TrustFX allows users to handle different functions via the three platforms. For instance, traders can open trade positions on the available platforms. It is also possible to manage or track the positions on another platform.
On the other hand, the third platform enables traders to close any open trading positions. The platforms work seamlessly, thus ensuring a smooth trading experience for both beginners and experienced traders. TrustFX employs stable and powerful trading systems that ensure that trades execution is fast and simple.
Meanwhile, the withdrawal test also proved glitch-free. This aspect is vital to the satisfaction of traders since everyone wants to know that they can withdraw earnings without a hassle. The platform handles withdrawal requests within 24 hours to ensure customer satisfaction. Tests show that traders typically receive the funds in their bank accounts within three working days.
The streamlined withdrawal process eliminates any issues associated with delayed payouts. For this reason, traders at TrustFX can focus on their trades. It is a viable option for anyone looking for a reliable trading system with a trouble-free withdrawal process and a superb customer service.
TrustFX Scam Test
The world of forex trading attracts many illegitimate service providers. Traders need to remain vigilant to avoid registering on the wrong platforms. Rogue brokers can ruin the trading experience for the beginners. Hence, the need to focus on reliable platforms like TrustFX.
To pick a legitimate broker, traders need to conduct thorough research. This approach enables individuals to make an informed decision. The market is overflowing with a variety of trading opportunities and the number of brokers available online is increasing.
Thorough research on TrustFX revealed that the broker is reliable and many traders post raving reviews about the platform. When scrutinizing a forex trading platform, it is vital to check for any signs of trade manipulation. Scam brokers are known to tamper with the trading system. The manipulation makes it difficult for traders to generate winning trades.
The most common manipulation techniques employed by scam brokers include widening spreads, system freeze, slippages, and stop hunting. TrustFX provides access to a stable and reliable system that does not incorporate any manipulation techniques. Traders can take advantage of winning orders based on skill level.
On another level, scam brokers often rob users of funds by instituting arbitrary closure of trading accounts. The platforms tend to refuse to pay traders’ profits based on fraudulent reasons. TrustFX provides a transparent system that follows specific policies. Traders can stay well-informed about the terms and conditions posted on the website.
Account verification allows traders to enjoy unlimited access to the platform and withdraw profits without experiencing any unwanted issues. The withdrawal process does not entail any stressful delays because the company focuses on customer satisfaction.
TrustFX is a trustworthy platform known for high levels of professionalism. Traders can count on the platform to deliver on its promises. For instance, traders are sure to receive any applicable bonuses and promotional incentives. The promotions enhance the trading experience on the platform.
It is common for scam brokers to offer bonuses and promotions but only to renege on delivering on their promises. They use hidden conditions to avoid meeting their obligations. Fortunately, trustworthy brokers like TrustFX offer promotions without any strings attached. The bonuses enable traders to increase their earning potential on the platform.
Safety of funds and regulation
As a European company with offices in Geneve, Switzerland, TrustFX adheres to strict regulatory frameworks governing the activities of brokerage firms. Switzerland is a member of the European Union, which means it is bound by specific rules relating to financial services.
The country also boasts one of the most advanced financial markets in the world. TrustFX follows the directives laid out by the EU’s MiFID II, which provides mechanisms aimed at protecting investor funds. The regulatory framework also promotes greater transparency in the financial trading market.
For this reason, TrustFX provides access to a risk disclosure statement on every page of its website. This enables traders to understand the risks involved in assets trading. Although speculating price movements of financial assets can be profitable, it comes with significant risks. Hence, the need for brokers to provide disclosure statements on trading platforms.
On another level, TrustFX employs advanced security protocols designed to ensure the safety of traders’ funds and personal information. The platform processes payments via Level 1 PCI international payment service. The transmission of transactions and sensitive data entails the use of 128 SSL encryption.
The platform bolsters the security of traders’ funds using segregated accounts. This approach ensures that the funds are out of reach even if the broker somehow becomes insolvent.
Types of trading accounts on TrustFX
TrustFX match traders’ investment objectives with the right account type. Traders can pick the ideal option from four account types that come with varying features and services to satisfy specific trading requirements.
These four account types set minimum deposit requirements and other features. The accounts include the Starting Account, Development Account, Progressive Account, and the Investment Account.
I. TrustFX Starting Account
Traders need to invest a minimum deposit amount of $250 when planning to open Starting Account. In turn, traders can take advantage of several features and services. These include:
- Round the clock (24/5) access to trader support services for five days of the week
- The Starting Account offers spreads from zero pips
- Traders can use more than 50 trading tools
- Leverage of up to 1:10
- TrustFX offers a 25 percent deposit bonus as an incentive to traders
- This type of account also offers negative balance protection
- Traders gain access to free educational materials
- The forex broker offers three trading signals every week
II. TrustFX Development Account
The Development Account requires a minimum deposit of $2,000. Traders can take advantage of the following features:
- The account offers a 50 percent deposit bonus
- Traders can use more than 75 trading tools
- Spreads start from zero pips
- Leverage for this account type is higher at 1:25
- Support is available round the clock during weekdays
- Free educational materials help traders sharpen skills
- The account also provides negative balance protection
- Up to 6 trading signals weekly
III. TrustFX Progressive Account
Traders need to deposit at least $5,000 to enjoy the features offered by the Progressive Account.
- Traders enjoy access to more than 200 trading tools
- The deposit bonus for this account type is 75 percent
- The spreads start from 0 pips
- Round the clock support is available during weekdays
- Traders can take advantage of leverage of up to 1:50
- Progressive Account holders benefit from trading signals provided by a dedicated analyst
- The account also offers negative balance protection
- Free educational materials
IV. TrustFX Investment Account
This account comes with a $20,000 minimum deposit requirement and a variety of premium features.
- Traders have access to more than 500 trading tools
- The account has risk control features
- Access to trader support services round the clock during weekdays
- Account-holders benefit from personalized training programs
- Negative balance protection
- A dedicated analyst provides tailored trading signals
- Spreads from 0 pips
- Deposit bonus stands at 100 percent
- Leverage of up to 1:50
- Account-holders gain access to free educational resources
Trading conditions on TrustFX
Traders on the platform need to familiarize themselves with specific trading conditions. TrustFX handles transactions based on the GMT+2 time zone. Re-quotes are not applicable on the platform as trading in all financial assets entails market execution. Although basic leverage stands at 1:10, traders can take advantage of leverage levels of up to 1:100 depending on their account type.
On the other hand, the stop-out level stands at zero percent and there is no negative balance. Any account that attracts restrictions must undergo verification to restore full functionality. All open trades face closure until the verification process is completed.
Fees and spreads
The platform allows individuals to open trading positions on financial assets based on spreads as low as zero pips. Liquidity providers ensure that trading fees remain low at all times. Traders will not face any hidden fees or commissions as TrustFX follow regulatory guidelines about transparency.
The platform does not apply negative or positive swaps on any open positions. These conditions make it easier for novice and experienced traders to plan trades more effectively. As a result, they can boost profitability regardless of the trading level.
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Account registration and ID verification process
Traders will find it easier to open a trading account on TrustFX thanks to a streamlined registration and identity verification process. Once completed, new account holders can take advantage of trouble-free trading and speedy withdrawals. The registration process involves filling out a form that captures basic personal details like physical address, name, and contact details.
TrustFX will confirm the validity of the email address entered into the form. Once verification of the email address is complete, new members can proceed to pick their preferred account type from a selection of four options. Depositing funds into the trading account is also quick and easy.
The entire registration and deposit process takes less than five minutes. The platform allows traders to register multiple accounts. It complies with various financial regulations pertaining know your customer (KYC) and anti-money laundering laws. As such, all new account holders must submit proof of address and copies of their identification documents.
It is important to submit clear, color copies (photo or scan) of documents, such as a driver’s license, ID, or passport. On the other hand, proof of address can come in the form of a utility bill or bank statement. These documents should be dated less than three months. The address and full name must appear clearly on the documents.
Deposits and withdrawals on TrustFX
The platform handles both deposits and withdrawals via payment methods, such as bank wire and debit or credit card. The transactions are secure thanks to the use of advanced encryption systems. Once the deposit process is complete, account holders can start trading immediately.
However, deposits via bank wire require more time before trading can commence due to longer processing times. The trading details on the account must match banking information associated with the chosen payment method. This complies with financial regulations, which do not permit deposits via third parties.
Having a verified account reduces the withdrawal time. The broker processes the transactions within 24 hours and the funds will reach the bank account within 72 hours. Traders can initiate the process via the dashboard
It is also possible to get in touch with the account manager via phone or email. The account manager or support team will require a trading account number to initiate the withdrawal process.
TrustFX trading platforms
The broker offers access to three trading platforms designed to serve a specific function. These linked platforms make it easier to trade in various assets and traders can switch between them without a hassle.
The platforms available include:
The Status Platform
This web-based platform is accessible via desktop and mobile devices. Users need an internet connection to gain access to the platform. It offers several features, including advanced charts and the ability to manage multiple trading accounts.
MetaTrader 4 (MT4)
This platform offers a user-friendly interface, charts, and multiple trading tools. Traders can employ automated trading strategies and initiate various order types.
Web platform
This version comes with the same features available on the MT4 platform. Traders can rely on this version to trade different types of financial asset classes. It offers useful features, such as an economic calendar, one-click trading, chat tool, and other trading tools.
Education and resources
TrustFX allows traders to sharpen their skills by providing access to several educational resources. The materials available on the platform include webinars, e-books, articles, and video tutorials. Additionally, traders can learn from information posted on the Analytics page.
Customer service
The TrustFX support team provides superb customer service to all traders, which ensures an optimal trading experience. The team offers a friendly and professional service round the clock for five days of the week. The service is available via phone, chat, and email.
Frequently Asked Questions (FAQs)
Is TrustFX Regulated?
As a company based in Switzerland, it adheres to EU rules based on the MiFID II (Markets in Financial Instruments Directive). This regulatory framework ensures that financial services providers follow transparency and deposit protection rules.
What is TrustFX?
TrustFX is a brokerage entity that provides access to secure trading platforms and tools. Traders can select assets from a long list of options, including cryptocurrencies, stocks, foreign currency, commodities, and indices.
How does TrustFX Work?
The platform provides access to live price feeds of various financial assets. Traders can use the feed to speculate on price movements by buying and selling assets depending on the anticipated changes to market conditions. The broker takes a nominal spread fee on all open positions.
How reputable is TrustFX?
The company adheres to EU rules and is subject to regulatory scrutiny. This ensures that all trading activities are legal, thus eliminating the risk of fraudulent actions.
How do I register for a TrustFX trading account?
To register for a new account on TrustFX simply click on the register button that is shown on the website’s homepage. You will need to enter specific personal details like full name, address, and contact details. You can also choose login credentials, such as a password. You should proceed to confirm your email address before gaining full access to your account’s dashboard.
The registration process also involves selecting a trading account type. You can deposit the funds and open trading positions of any financial asset available on the platform.
