Trust Markets is a forex broker registered in Saint Lucia on April 3, 2023, offering financial trading services in forex, stocks, commodities, indices, cryptocurrencies, and more, with its headquarters in Istanbul. The broker does not provide services to jurisdictions where such provision would be contrary to local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey, and others.
Registration Information and Regulatory Status:
According to public information displayed on the official website of Trust Markets, the business entity registered with the Saint Lucia International Business Company and International Trust Registry (ifc) is Trust Markets LTD, with a company registered address at Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and a business registration number of 2023-00114. The website claims that this entity is also registered with the Financial Services Regulatory Authority (FSRA) of Saint Lucia.
Upon verification, it was found that there is a business entity named Trust Markets LTD, with registration number 2023-00114 at the Saint Lucia International Business Company and International Trust Registry (ifc). However, this entity was not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in other jurisdictional official financial regulatory authorities.
Based on information obtained from a Whois inquiry, the domain name for the broker's official website was registered on April 19, 2006. In addition, as of January 25, 2024, Trust Markets has been in operation for less than a year.
Account Opening:
To open an account with Trust Markets: visit the broker's official website, click on “Sign up” in the top right corner to access the account registration interface, fill in personal information as required and submit. After submitting, the broker will send a verification code to the email address provided. Once the code is entered, you can log into your account. You must complete full personal information verification in order to deposit and begin trading activities.
Account Types:
Trust Markets offers five different types of real trading accounts: Standard Account, Fixed Account, RAW Account, VIP Account, Crypto Account.
Standard Account:
- Maximum Leverage: 1:1000
- Spreads: from 1.0 pips
- Trading Commission: 0
- Swap Free: Available
- Bonus: Up to 100%
Fixed Account:
- Maximum Leverage: 1:1000
- Spreads: from 1.5 pips
- Trading Commission: 0
- Swap Free: Available
- Bonus: Up to 100%
RAW Account:
- Maximum Leverage: 1:1000
- Spreads: from 0 pips
- Trading Commission: 7 USD per lot
- Swap Free: Available
- Bonus: Up to 100%
VIP Account:
- Maximum Leverage: 1:1000
- Spreads: from 0.4 pips
- Trading Commission: 0
- Swap Free: Available
- Bonus: Up to 100%
Crypto Account:
- Maximum Leverage: 1:1000
- Spreads: from 0 pips
- Trading Commission: 0
- Swap Free: Available
- Bonus: Up to 100%
Trading Platform:
Trust Markets provides the MT5 trading platform, with servers supplied by Trust Markets LTD. On the MT5 trading platform, existing trading accounts can be connected, but it is not possible to open new demo or real trading accounts.
Deposits and Withdrawals:
Trust Markets has not clearly disclosed the supported methods for deposits and withdrawals, related fees, or minimum transaction amounts on its official website.
Conclusion:
Traderknows reminds investors that Trust Markets is a forex broker without effective regulation. Traderknows advises investors to preferably choose brokers with strong regulation and a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
