Trust Trade

Trust Trade, legally registered as Trust Trade Corp, is a forex and CFD broker incorporated in the Bahamas on 27 June 2023. The company's official website is trust-trade.eu, and its registered address is 209 & 210 Church Street, Sandyport Business Plaza, P.O. Box SP-64388, Nassau, New Providence, The Bahamas.

Our records indicate that Trust Trade holds a single licence from the UK Financial Conduct Authority (FCA) for Market Making (MM) activities, with licence number 434413. However, the status of this licence is not specified in our records. The company reports zero employees, and we found no verifiable website or social-media presence beyond the official domain.

Trust Trade is registered in the Bahamas, a jurisdiction known for light regulatory oversight. The FCA licence on file, number 434413, is for Market Making, but its current status is unclear. This combination of offshore registration and an unverified FCA licence raises questions about the actual level of regulatory protection available to clients.

We cross-checked the licence details against public registers, but the absence of a clear status and the lack of any independent reviews or verifiable operational footprint make it difficult to confirm the broker's regulatory standing. Traders should exercise caution and verify the licence directly with the FCA.

Trust Trade offers six account tiers, ranging from a TRIAL account with a minimum deposit of 250€ and maximum leverage of 1:3, up to a PRESTIGE account requiring a minimum deposit of 1,000,000€ with leverage up to 1:200. The VIP account requires 500,000€ with leverage up to 1:100, while the PLATINUM account starts at 100,000€ with leverage up to 1:50.

The GOLD account requires a minimum deposit of 25,000€ with leverage up to 1:25, and the CLASSIC account starts at 1,000€ with leverage up to 1:10. Spreads and commissions are not disclosed in our records for any account type. The high minimum deposits for the upper tiers suggest a focus on high-net-worth individuals, but the lack of spread information makes it hard to assess trading costs.

Our records do not specify which trading platforms Trust Trade offers, nor do they list the financial instruments available for trading. The absence of this information is notable, as most brokers prominently advertise their platforms (such as MetaTrader 4 or 5) and asset classes (forex, commodities, indices, etc.).

Without this data, potential clients cannot assess whether the broker meets their trading needs. We recommend that traders seek this information directly from the broker before opening an account, and treat any claims about platforms or instruments with caution until verified.

Trust Trade's deposit and withdrawal methods are not listed in our records. This lack of transparency is a concern, as clear funding information is essential for traders to plan their capital movements and understand any associated fees.

We could not verify the availability of common methods such as bank transfers, credit/debit cards, or e-wallets. Traders should contact the broker to obtain this information, and be wary if the broker is evasive or vague about how funds can be deposited and withdrawn.

FXCanary's Scam Risk Score for Trust Trade is 49 out of 100, which we classify as 'Guarded'. This score reflects two key risk flags: the broker is registered in the Bahamas, an offshore jurisdiction with light oversight, and there is no verifiable website or social-media presence beyond the official domain.

The combination of a newly established company (2023), zero employees on record, and a lack of independent reviews means that traders have very little information to base a decision on. This broker appears to target high-net-worth individuals given the high minimum deposits on upper-tier accounts, but the overall lack of transparency makes it unsuitable for most retail traders without further due diligence.

In summary, Trust Trade is a Bahamas-registered forex and CFD broker with a single FCA licence of unclear status, offering six account tiers with high minimum deposits. The absence of verifiable information about platforms, instruments, and funding methods, combined with the offshore registration, means that traders should approach this broker with caution.

We advise potential clients to conduct thorough research, verify the FCA licence directly, and consider whether the lack of transparency meets their standards. For most traders, especially those new to forex, the risks associated with this broker likely outweigh the benefits.