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Traders Trust Review
Traders Trust is a provider of forex trading services. Investors can access a wide range of products in a variety of markets, including currencies and indices.
Traders Trust is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.
- Segregates client funds
- Established in 1998
- Regulated by CySEC
- Min. deposit from $100
- Doesn’t offer VPS (See alternatives)
- Inactivity Fee
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $100 is required for a live account. Traders Trust, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by CySEC (Licence: 107/09). All Traders Trust client funds are held in a segregated bank account and they work with tier-1 banks. Traders Trust was established in 1998 and their head office is in Cyprus.
Before we get into the specifics of Traders Trust’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Traders Trust’s spreads & fees?
Traders Trust, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Traders Trust’s website.
|Forex||Traders Trust||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0.2 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.7 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.4 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.4 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.5 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.8 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||1 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.5 pips||0.5 pips||0.1 pips|
The spreads are variable and are displayed for information purposes.
As you can see, Traders Trust’s minimum EUR/USD spread is 0.2 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Traders Trust vs. similar brokers.
How much does Traders Trust charge to trade 1 lot of EUR/USD?
You would likely spend $24.44 if you bought one standard lot of EUR/USD (100k units) with Traders Trust at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
|Spread from:||$ 2.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 5.00||$ 6.00||$ 2.00|
|$1 more||$3 less|
|VISIT TRADERS TRUST||VISIT IG||VISIT XTB|
Fees and quotes are displayed for information purposes and could change.
What can you trade with Traders Trust?
Over 70 different instruments, including 53 currency pairs, are available to trade at Traders Trust. Below, we’ve summarized all of Traders Trust’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
|FX / Currencies||Traders Trust||IG||XTB|
|# of forex pairs offered||53||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Traders Trust||IG||XTB|
|# of commodities offered||6||34||21|
|Index & Stock CFDs||Traders Trust||IG||XTB|
|# of stocks offered||8000||1606|
|SEE TRADERS TRUST’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Traders Trust trading experience like?
1) Platforms and apps
The popular MT4 forex trading software is available from Traders Trust. See our MT4 broker comparison for a list of the best MT4 brokers. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
2) Executing Trades
You can trade as little as 0.01 Lot with Traders Trust. Depending on the account you open, this may differ. Traders Trust allows you to trade up to 50 lots per trade. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Traders Trust offers STP execution.
Traders Trust, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that Traders Trust provides to its traders.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Mini account
- Standard account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
Traders Trust offers support in many languages like English, Dutch, Hungarian, French, Polish, Greek, Italian, Russian, Mandarin, Japanese, and Indonesian.
4) What you’ll need to open an account with Traders Trust
Because Traders Trust is regulated by CySEC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
79% of retail investor accounts lose money when trading CFDs with this provider.