Trust

Trust is a forex brokerage registered in China, first established on 21 May 2020. The company operates the website trusttcfx.com and is associated with a Financial Service Providers Register (FSPR) licence in New Zealand, though the current status of that licence is not publicly verifiable from the information available.

Our review relies entirely on regulatory filings and limited public records, as the broker’s own website and marketing materials were not accessible for independent verification. This means many details about the company’s operations, management, and client offering remain unclear.

The only regulator on file for Trust is the FSPR of New Zealand, listed with the licence type 'Inst Forex Execution (STP)'. The status of this licence is recorded as unknown, which introduces a significant degree of uncertainty for prospective clients.

Without a confirmed active licence or oversight by a major financial regulator such as the FCA, ASIC, or CySEC, traders should approach this broker with caution. The elevated FXCanary Scam Risk Score of 52/100 reflects the lack of clear regulatory assurance and the potential risks of trading with an unverified entity.

Given the limited information, the exact range of instruments, account types, platforms, and leverage offered by Trust cannot be confirmed. The FSPR licence type 'Inst Forex Execution (STP)' suggests the broker may provide direct market access for forex trading on an agency basis, but this is speculative without supporting evidence from the broker's own materials.

Common offerings among similar retail forex brokers include currency pairs, CFDs on indices and commodities, and potentially cryptocurrencies. However, until Trust’s official website and client documentation become available, these remain unverified claims.

Trust does not publicly specify its target clientele. Given the unclear regulatory standing, this broker is likely unsuitable for traders who prioritise strict oversight and client fund protection. Experienced traders willing to accept higher risk may explore the platform, but only after conducting thorough due diligence and verifying the current licence status with the FSPR.

Novice traders or those seeking a heavily regulated environment should avoid Trust until its regulatory position is clarified. The absence of verifiable user reviews further complicates any assessment of reliability or service quality.

Trading with an unregulated or ambiguously regulated broker carries inherent risks, including lack of compensation schemes, no requirement for segregated client accounts, and potential disputes with limited legal recourse. The elevated risk score of 52/100 from FXCanary underscores these concerns.

Prospective clients are strongly advised to verify the licence status directly with the New Zealand FSPR and to seek professional advice before depositing funds. As always, only risk capital should be used when trading forex and CFDs.