Opinions and information about the TrustFX broker
¿It is the really trustworthy TrustFX broker (aka trustfx.io)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The TrustFX broker is a broker of: Forex, Cryptocurrencies and CFDs.
The broker mentions to be part of: do not mention it.
TrustFX is based in: Switzerland (location probably false as it is not regulated in that country).
If we talk about regulation, TrustFX website does not mention absolutely anything about being regulated, TrustFX is an unregulated broker.
We will continue to analyze the different account types that TrustFX offers. In the case of TrustFX, we note that it has 4 different plans or types of account: the Starting Account, the Development Account, the Progressive Account and the Investment Account.
Account Starting: minimum initial deposit $ 250, 50+ trading tools, up to 3 weekly analyst signals, spread from 0 pips, leverage up to 1:10, bonus up to 25%, 24/5 technical support, negative balance protection, educational materials.
Development Account: minimum initial deposit $ 2.000, 75+ trading tools, up to 6 weekly analyst signals, spread from 0 pips, leverage up to 1:25, bonus up to 50%, 24/5 technical support, negative balance protection, educational materials.
Progressive account: $ 5.000 minimum initial deposit, 200+ trading tools, individual analyst signals, spread from 0 pips, leverage up to 1:50, bonus up to 75%, 24/5 technical support, negative balance protection, educational materials.
Investment account: Minimum initial deposit $ 20.000, 500+ trading tools, individual analyst signals, individual training program, risk control, spread from 0 pips, leverage up to 1:50, bonus up to 100%, 24/5 technical support.
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The platforms used to trade are: the MT4 and Status platforms.
Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: some explanations of the products that TrustFX offers, an explanation of basic concepts of the investment world, some live charts, economic calendar , financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: RU: +44-203-769-29-17 / Chi: +41-61-588-13-04 / Rus: +74-99-961-04-16
Clarification: The investment company TrustFX works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is an unregulated broker, they claim to be based in Switzerland but there is no data to prove it, when looking for information and other reviews about TrustFX we found a large number of negative reviews.
Do you know this company? Do you think our opinion is not correct? Have you operated with this broker? Share a comment with your experience.
August 2020 update: CNMV, the financial regulator of Spain, has reported to TrustFX for fraudulent activities.
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